MENU

These ASX shares are down over 50% in 2018

Yesterday I looked at three ASX shares that had vastly outperformed the All Ordinaries (Index: ^AXAO) (ASX: XAO) in 2018 with gains of over 50%.

Today I thought I would look at the shares that had gone the other way. Three that have fallen more than 50% this year are listed below:

The Bionomics Ltd (ASX: BNO) share price has crashed 71.5% lower since the start of the year. Investors were hitting the sell button in a hurry at the end of September after the biotech company announced disappointing results from the phase 2 clinical trial of its BNC210 novel drug candidate in patients with Post Traumatic Stress Disorder (PTSD). The trial did not meet its primary endpoint of a decrease in PTSD symptoms as measured by Clinician-Administered PTSD Scale at 12 weeks. As BNC210 had a lot of promise and was the main attraction to the company for most investors, this news has been a bitter blow.

The BWX Ltd (ASX: BWX) share price has dropped a massive 60% so far in 2018. The main catalyst for this decline was the withdrawal of a takeover approach from the Bain consortium. But in addition to this, the sudden slowing of sales of its key Sukin brand and the disappointing performance of its acquisitions has weighed heavily on its shares this year. While its shares do look reasonable value, I’m holding off an investment until I’ve seen a big improvement in its performance.

The Integrated Research Limited (ASX: IRI) share price has plunged 57% lower this year. The global provider of proactive experience management solutions for critical IT infrastructure, payments and communications ecosystems has been a consistently strong performer over the last decade. But all that came to an end this year after a surprisingly poor FY 2018 result. In addition to this, the surprise resignation of its CEO has weighed on investor sentiment. While I think that Integrated Research is a quality company, I feel it would be best to stay clear of its shares until there are signs that it has moved on from this difficult period.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BWX Limited. The Motley Fool Australia has recommended Integrated Research 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.

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!