Why these 4 ASX shares have started the week in the red

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from Friday’s decline and is up a solid 0.5% to 6,092 points.

Four shares that have failed to follow the market higher today are listed below. Here’s why they are starting the week in the red:

The Beadell Resources Ltd (ASX: BDR) share price has plunged 14.5% to 7.1 cents after the gold miner returned to trade after its US$23 million capital raising. The funds raised will allow Beadell to retain its current long-term debt structure, while fully funding the ongoing mill expansion which is expected to be completed on budget in July 2018.

The Blue Sky Alternative Investments Ltd (ASX: BLA) share price has fallen 7% to $2.53. At one stage its shares were down almost 19% to a multi-year low of $2.19 after the embattled asset manager advised that it would be withdrawing its full-year earnings and fee earning assets under management (FEAUM) guidance for FY 2018. I think this is yet another sign that investors ought to stay well clear of Blue Sky despite how cheap it may look.

The Clearview Wealth Ltd (ASX: CVW) share price has dropped 10.5% to $1.07. With no news out of the company or broker notes that I’m aware of, today’s decline is a bit of a mystery. It could be related to an announcement last month that it had scrapped its cooperation agreement with Sony Life. A year after announcing the agreement, nothing had materialised between the two parties.

The Orica Ltd (ASX: ORI) share price has tumbled 7% to $18.86 after the industrial and specialty chemicals supplier released its half-year results. According to the release, Orica posted a first half statutory net loss after tax of $229 million. Even when excluding significant items, net profit after tax for the first half came in at $124 million, down 37% on the prior corresponding period. Management blamed operational issues for the poor performance.

OUR #1 dividend pick to grow your wealth over the new financial year is revealed for FREE here!

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor James Mickleboro has no position in any of the 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 Scott Phillips.

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…


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!