Why these 4 ASX shares have been smashed today

Credit: Alon

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) didn’t have the best start to the day, but has managed to recover from its early drop and is higher by 0.2% to 5,339 points at present.

But going against the grain and sinking sharply lower today have been four shares in particular. Here’s why they’ve been smashed today:

Blackmores Limited (ASX: BKL) shares have sunk 5% to $114.33 despite there being no news out of the health supplements company. Today’s decline means that its shares have now lost 47% of their value year to date and could be good value for patient investors. Although the company reported a 46.6% drop in first quarter profit, the 220% jump in sales for its China business certainly gives investors reason to be optimistic.

CSG Limited (ASX: CSV) shares have fallen 33% to 82 cents after the printing and business technology solutions company downgraded its full year EBITDA forecast. Management has revised its forecast due to challenging trading conditions to between $38 million and $42 million from $44 million to $48 million. Considering its half year EBITDA forecast is just $14 million to $16 million, I’m not entirely confident it will even meet its revised guidance.

iSentia Group Ltd (ASX: ISD) shares have plunged 22% to $2.54 after it also downgraded its full year earnings guidance. The media intelligence company expects EBITDA to be lower year on year as a result of its content marketing segment. Following poor strategic decisions the segment is expected to make a loss this year. This is a huge disappointment, especially following the impressive performance of its King Content business in the back half of last year.

Village Roadshow Ltd (ASX: VRL) shares have dropped 4.5% to $4.70 after its chairman Robert Kirby warned that its theme parks were experiencing a drop in visitor numbers following the tragic incident at Dreamworld. At this stage it is unclear whether this is a short term drop, or whether visitor numbers will remain lower in the months ahead. The company plans to update the market on trading conditions when it releases its half year results in February.

If your portfolio took a hit today then I think these growth shares could be just what you need to get it climbing higher again. Each has strong growth prospects and even pays a full franked dividend.

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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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