MENU

These 3 ASX shares have halved in value in 12 months

Earlier today I looked at three shares that had doubled in value over the last 12 months.

Not all shares have fared as well as these market beaters. In fact, going the other way have been the three shares listed below which have more than halved in value.

Is this a buying opportunity?

The AMP Limited (ASX: AMP) share price has sunk 55% lower since this time last year. Investors have been heading to the exits in their droves after the financial services company came under fire at the Royal Commission. While the remediation costs for the fees for no service scandal are bad enough, the reputational damage is what has me most concerned. I fear it may take years before the company is able to move on fully from the Royal Commission. In light of this, I would suggest investors stay clear of AMP no matter how cheap its shares may look on paper.

The iSentia Group Ltd (ASX: ISD) share price has crashed 72% lower over the last 12 months. Investors have been selling the media intelligence company’s shares in a hurry after its operating performance continued to deteriorate. In FY 2018 the company posted a sizeable 31% decline in EBITDA and advised that it expects similar declines again this year. While management recently stated at its annual general meeting that it was confident that the company would overcome its challenges, I would suggest investors wait for proof before considering an investment.

The Syrah Resources Ltd (ASX: SYR) share price has fallen 62% since this time last year. As well as being caught up in a battery materials selloff, the market is likely to have been disappointed with the countless production disruptions the graphite miner has suffered at its Balama project this year. The good news is that the company does look to have moved on from this now. However, until I’ve seen the price that the company is commanding for its graphite I’ll be holding off an investment. There are concerns that its graphite prices may be lower than expected.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended iSentia Group Ltd. 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…

Including:

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!