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5 ASX stocks on the nose today

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.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of June 30th

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.

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