MENU

Here’s why these 4 ASX shares got slammed today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) might have had a good finish to the week with a 0.5% rise to 5,351 points, but the same can’t be said for all shares on the market.

Going against the trend today, the following four shares, in particular, have stood out with their disappointing declines. Here they are:

1-Page Ltd (ASX: 1PG) shares are down 8% to 69 cents today despite no news being released to the market. They were trading as high as $5.69 in September last year, but it appears investors are growing increasingly worried about the company’s low revenues and cash flows. The company provides a cloud-based human resources software-as-a-service platform and recently reported a full-year loss of almost 14 cents per share.

1-Page Ltd shares have declined by a massive 80% so far in 2016.

APN News and Media Limited (ASX: APN) shareholders are seeing another day of declines, this time by almost 4% to 67.5 cents. The shares have slowly been giving back a lot of the gains that arose after it announced it would demerge its New Zealand business, NZME. With the shares up 28% so far in 2016, I suspect there may be a bit of profit taking going on here.

APN News and Media shares have plunged by over 53% in the last five years.

Galaxy Resources Limited (ASX: GXY) has dropped almost 5% to 38 cents today. Lithium miners’ shares appear to be the infant formula shares of 2016, posting incredible gains for shareholders. Because of this, I feel they are liable to sudden declines now and then as investors lock in their gains. An investment in lithium miners might well prove to be incredibly rewarding, but it is too high risk for my liking.

Galaxy Resources’ share price is up by a staggering 780% in the last 12 months.

SAI Global Limited (ASX: SAI) shares are down by 6% to $3.50 after the risk management company revised its earnings guidance. Previously management had guided to revenue in the region of $580 to $590 million and underlying net profit after tax of $58 to $62 million. It now expects revenue of $565 to $575 million and net profit after tax of $54 to $58 million. Management has blamed this on a stronger than expected Australian dollar, slippage of new business into FY17, and softer than expected trading results in the APAC and EMEA regions.

SAI Global shares are now down by almost 16% year-to-date.

If your portfolio took a bit of a hit today then this fantastic share could be the one to get it pumping again. I believe it will provide not only a great dividend, but strong share price gains in the future.

NEW: The Motley Fool's Top Fully Franked Dividend Share For 2016

Forget BHP and Woolworths. This "dirt cheap" company. is growing like gangbusters, and trading on a 5.6% dividend yield, FULLY FRANKED (8% gross). With interest rates set to stay at these low levels for years to come, for income-hungry investors, including SMSFs, this ASX company could be the "Holy Grail" of dividend plays for 2016. Click here to gain access to this comprehensive FREE investment report, including the name of this fast growing ASX dividend share. No credit card required.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!