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These are the worst performers on the ASX 200 over the last 12 months

Yesterday I looked at the three best performers on the ASX 200 over the last 12 months.

Those three shares had managed to carve out a gain of over 100% each despite the index slipping over 4.2% lower during the period.

Not all shares have fared as well as those, though. The three shares listed below have been the worst performers on the ASX 200 over the last 12 months. Here’s why:

The AMP Limited (ASX: AMP) share price has shed 51% of its value over the last 12 months. The diversified financial services provider has been one of the most negatively impacted companies by the Royal Commission. Unsurprisingly, some of its wealth management units are now experiencing heavy net cash outflows. While AMP’s shares do look reasonably cheap, I fear it could take many years for the company to turnaround its fortunes, gain the trust of investors, and return to growth. Because of this, I would suggest investors stay well clear of the embattled company.

The Automotive Holdings Group Ltd (ASX: AHG) share price has plunged a massive 46% since this time last year. This auto retailer’s shares have been on a downward trajectory since the release of a disappointing trading update in May. That update warned of challenging automotive retail conditions and a slower than expected recovery in the Western Australia private buyer market. This ultimately led to the company posting a 41.2% decline in profit in FY 2018. In addition to this, its outlook for FY 2019 was reasonably underwhelming. And with trading conditions unlikely to improve any time soon, Automotive Holdings remains one to avoid in my opinion.

The Syrah Resources Ltd (ASX: SYR) share price has been the worst performer on the ASX 200 over the last 12 months with a 59% decline. As well as being caught up in a battery materials selloff, Syrah’s shares have come under significant pressure this year after a disappointing operating performance. Production at the company’s Balama project has been disrupted a number of times, causing several downgrades. While things are looking better for it and the battery materials industry now, I’d suggest investors wait for pricing data and several quarters of strong production before considering an investment.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Automotive Holdings Group 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.

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