It certainly has been a bumpy ride for the All Ordinaries (Index: ^AXAO) (ASX: XAO) over the last 12 months.
Because of recent market volatility the index has only managed to carve out a paltry gain of approximately 2% during the period.
While this is a disappointing result, spare a thought for the three worst performers on the index during this time. They are as follows:
The Titan Minerals Ltd (ASX: TTM) share price has lost almost 92% of its value over the last 12 months. This gold and copper mineral exploration company, formerly known as Minera Gold, is looking anything but a titan after its fall from grace. That fall occurred when the company was forced to go through a reconstruction and recapitalisation process following a troubling period that led to it falling into administration. While the company is looking stronger now, I think it is too soon to consider an investment.
The Airxpanders Inc (ASX: AXP) share price has shed over 84% of its value since this time last year. A good portion of this decline has come in recent weeks following the surprise resignation of its CEO Scott Dodson. As well as this, investors appear concerned that the medical device company, which is focused on the design, manufacture, sale and distribution of the AeroForm Tissue Expander System, may never be as profitable as once hoped. The company has been burning through its cash and only generated US$3 million of revenue during the first year of commercialisation. I would stay clear of Airxpanders until there is a notable uptick in its revenue.
The Retail Food Group Limited (ASX: RFG) share price is down a remarkable 83% over the last 12 months. Negative media coverage alleging that the food and beverage company mistreated its franchisees has weighed heavily on its share price and its financial performance. Unfortunately for Retail Food Group, I fear that this has created a vicious cycle that could ultimately lead to it going out of business. After all, I suspect you couldn't give away its franchises at the moment given the negative media reports. Which is especially troubling given the sizeable number of franchise closures that is expected.
