3 ASX stocks that thumped the market last week

3 stocks soar more than 20%

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P / ASX 300 Index (Index: ^AXKO) (ASX: XKO) finished at 4,056.9 points, a rise of 0.9% last week, despite continuing global fears. However, these three stocks managed to thump the index, rising by more than 20%.

Linc Energy Ltd (ASX: LNC) jumped 26.2% to 77 cents, recovering some of the falls the stock has experienced in the last year, when it touched $3.21. As I mentioned in this article, it appears that investors have jumped on the company's bandwagon, in the belief that they have spotted a bargain.

CSG Limited (ASX: CSV) advanced 21.9% to 72.5cents, as investors salivate over the prospect of a 33 cent fully franked dividend forecast by analysts. CSG has sold its technology solutions business to NEC Australia for a base consideration of $228m, plus a potential additional $32m if certain business targets are met. The company is expected to return some of that to shareholders through a special dividend. With a current market cap of just $198m, the technology solutions business is valued at more than the whole company, so theoretically, the rest of CSG's businesses come free at the current price of 70 cents.

Samson Oil & Gas (ASX: SSN) saw a gain of 20.5% to close at 10 cents. This exploration company has interests in five oil and gas projects in the US. Investing in Samson is a bit like gambling, the chance of just one of its wells locating a commercial quantity of oil or gas is low, but just that one well could transform the company into an oil producer and hit the jackpot for the investor. The problem is that the longer the company takes to find that well, the more capital it requires investors to feed in, and with more than 2 billion shares already on issue, investors would be sharing the jackpot with many others.

If you're in the market for some less risky, high yielding ASX shares, look no further than Secure Your Future with 3 Rock-Solid Dividend Stocks. In this free report, we've put together our best ideas for investors who are looking for solid companies with high dividends and good growth potential. Click here now to find out the names of our three favourite income ideas. But hurry – the report is free for only a limited time.

More reading

Motley Fool contributor Mike King doesn't own shares in any companies mentioned. The Motley Fool's purpose is to help the world invest, better. Take Stock is The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Click here now to request your free subscription, whilst it's still available. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »