5 ASX stocks on the nose today

S&P/ASX 200 recovers from early fall, but these 5 stocks haven't

| More on:
a woman

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 200 (Indexasx: XJO) (ASX: XJO) has managed to recover from an early fall and is up 0.4% in mid-afternoon trading, but these 5 companies have got the thumbs down from shareholders.

Ensogo Ltd (ASX: E88) ex-iBuy Group has dropped 9.3% to 19.5 cents. But investors may be taking advantage of the stock's 117% rise since the beginning of this year. Ensogo owns and operates online retail sites in South East Asia, but clearly disappointed investors with its quarterly report today. Ensogo reported a 23% rise in cash collections, and the company finished the quarter with $7.5 million in cash (although it had raised $48 million prior to the end of the period).

Gold miner Troy Resources Ltd (ASX: TRY) has been dumped down 10% to 40 cents, after resuming trading following a trading halt in which the company issued 87.5 million new shares at 40 cents to institutional investors. No wonder shareholders are getting out. A token Share Purchase Plan to raise $5 million at the same 40 cent price is on offer for existing shareholders.

Unilife Corporation (ASX: UNS) is down 6.7% at 70 cents. The company develops injectable drug systems today reported US$11.6 million in cash outflows for the March quarter. Unilife still has US$39 million in cash at the end of March 2015, although the company did raise US$38.8 million from a share issue in late January.

MaxiTRANS Industries Limited (ASX: MXI) has slipped 4.6% to 42 cents. The company manufactures and supplies truck trailers and related transport supplies and equipment, but has seen its share price hammered over the past 2 years, due mainly to its exposure to the resources industry, and cost pressures from the falling Australian dollar. After reporting a profit of $5.1 million for the first six months of 2015 financial year, MaxiTRANS expects full year net profit to be between $5.9 million to $6.9 million. That suggests the second half is going to be awful financially.

Drilling equipment and services company Ausdrill Limited (ASX: ASL) has sunk to 42.5 cents, losing 4.5% so far today. The company's shares are still up 48% in the past month, thanks to a major contract win with gold miner Perseus Mining Limited (ASX: PRU). The contract is estimated to be worth US$223 million over 5 years, more than double Ausdrill's current market capital.

Motley Fool contributor Mike King has no position in any stocks mentioned. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

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 »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »