MENU

Why these 4 ASX shares have tumbled lower today

It has been an underwhelming day of trade for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) on Thursday. At the time of writing the benchmark index is down slightly at 6,187 points.

Four shares that have fallen more than most today are listed below. Here’s why they have taken a tumble:

The Beadell Resources Ltd (ASX: BDR) share price is down almost 8% to 6 cents. The gold miner has now given back almost all the strong gains it made on Monday after announcing a scheme implementation deed with US-listed peer Great Panther Silver. The all-scrip scheme valued Beadell at 8.63 cents per share. However, the Great Panther Silver share price has fallen 15% this week after its shareholders reacted negatively to the deal. As an all-scrip deal, the share price decline makes the offer less attractive to Beadell shareholders.

The Japara Healthcare Ltd (ASX: JHC) share price is down 2% to $1.35. This morning the embattled aged care provider’s shares went ex-dividend for its final fully franked 3.75 cents per share dividend. Eligible shareholders can now look forward to receiving this dividend in their nominated accounts of October 30.

The Macquarie Telecom Group Ltd (ASX: MAQ) share price has fallen 3% to $23.44. A good portion of today’s decline can be attributed to the telecom and data centre company’s shares also going ex-dividend this morning for its final dividend of 25 cents per share. This will be the last dividend that the company pays for a little while as it reinvests its profits into growth opportunities.

The Xero Limited (ASX: XRO) share price has dropped 2% to $48.72. After the market closed on Wednesday the accounting software company provided a trading update and announced the launch of an offering of US$300 million of guaranteed senior unsecured convertible notes due 2023. While management provided solid earnings growth guidance for the year ahead, it appears that some were expecting even better.

Missed these gains? Then don't miss out on this top share that has been tipped as a market-beater.

Top Australian Stock Picker Just Issued Rare “Double Down” Buy Alert

Discover why this legendary Australian stock-picker just issued a “Double Down” buy alert to his exclusive group of insiders… and why he’s convinced this might be the single most attractive entry point for years to come.

Simply click here to get started and access our secure sign-up page.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Xero. 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.