The S&P/ASX 200 (INDEXASX: ^AXJO) (ASX: XJO) entered 2017 with a bang, rising 1.2% to 5,733 points. Its highest point since mid-2015.
These four companies didn't fare so well however, and here's why:fe
Hunter Hall International Ltd (ASX: HHL) crashed 27% to $2.25 after founder Peter Hall announced that he had quit the company and sold his interests in the business to Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) at a huge discount. Shares in Hunter Hall Global Value Ltd (ASX: HHV) also fell 5% on the news.
Hunter Hall International shares are down 8.9% in the past 12 months.
1-Page Ltd (ASX: 1PG) fell 5% on continued volatility as investors worry about whether the company will be able to grow sales enough to make progress towards break-even, or if more capital raisings are on the horizon. 1-Page's CEO also announced her resignation just over a week ago, although she will be remaining with the company as a President and Executive Director of the company to focus on business development and customer management, among other tasks.
1-Page shares are down 95% in the past 12 months.
Gentrack Group Ltd (ASX: GTK) fell 6% on no news, but potentially due to profit-taking given the strong run up in the company's share price recently. As a small-cap utility management software company, Gentrack has a good track record of growth and pays a reasonable 3.3% dividend even at today's lofty price of 27 times earnings.
Gentrack shares are up 39% in the past 12 months.
Netcomm Wireless Ltd (ASX: NTC) fell 5%, also on no news, as investor enthusiasm wanes following the retirement of the CEO that was announced in November. After spending much of the year trading around $3 a share, Netcomm shares have drawn closer to reality as investors gain more insight into the company's prospects.
Down 30% in the past 12 months, Netcomm shares are now the lowest they've been all year.
