We can occasionally stumble on opportunities that yield high returns in a short space of time. Unfortunately, the opposite can also happen where we are forced to watch as one of our investments seemingly falls off a cliff.
This has been the case for shareholders of the embattled AMP Limited (ASX: AMP), whose shares have shed almost a quarter of their value so far in 2018. The shares have fallen 24.3%, according to data from S&P Global Market Intelligence, with more than half of the damage being inflicted during the past 30 days.
Syrah Resources Ltd (ASX: SYR) and Sigma Healthcare Ltd (ASX: SIG) have taken a bath as well, shedding 24.6% and 24.8% respectively, making them the fifth and fourth worst-performing shares from the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) cohort in 2018 respectively. Meanwhile, Blackmores Limited (ASX: BKL) shares have declined 24.9% and were trading at $126.99 at market’s close.
The declines get larger for the second-worst performing share of 2018, Greencross Limited (ASX: GXL), which has fallen 32.4%. Greencross recently released a trading update saying it now expects to deliver underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of between $97 million and $100 million, compared to underlying EBITDA of $104 million in FY2017.
However, the worst-performing share to-date so far in 2018 is Retail Food Group Limited (ASX: RFG). Retail Food Group is the master franchisor behind brands such as Gloria Jean’s and Donut King. The company came under immense pressure following a series of expose-style articles from Fairfax Media which began in December 2017. The shares have fallen approximately 81.4% since then, and are down 66.8% so far in 2018.
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Motley Fool contributor Ryan Newman has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores Limited and Greencross Limited. 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.