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Here’s why these 4 ASX shares got slammed today

down chart

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.

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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.

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