The Motley Fool

Why Japara and these ASX shares crashed to 52-week lows

The Australian share market may be trading within sight of its all-time high, but not all shares have been in such good form this year.

Three shares that have taken a sharp tumble in 2019 are listed below. Here’s why they just hit 52-week lows or worse:

The Japara Healthcare Ltd (ASX: JHC) share price continued its slide and dropped to an all-time low of $1.06 on Monday. The aged care provider’s shares have come under pressure this year due to the Royal Commission into the aged care sector, falling occupancy rates, the company’s disappointing financial performance, and a weak outlook. In June the company warned that normalised EBITDA in FY 2020 is expected to be ~$105 million, which will be a 7% decline year on year.

The Orocobre Limited (ASX: ORE) share price dropped to a two-year low $2.64 yesterday. Orocobre and the rest of the lithium miners have been hammered this year due to a sharp and sustained decline in the price of the battery making ingredient. This has been caused by a combination of subdued demand and increasing supply. And with many tipping that lithium prices are likely to go lower before going higher again, Orocobre’s shares may not have bottomed yet. This will be music to the ears of short sellers who have already done exceptionally well shorting this company’s shares.

The Whispir Ltd (ASX: WSP) share price tumbled to a record low of $1.42 on Monday. This means that Whispir’s shares are now down over 11% since listing on the ASX in June at $1.60 per share despite there not being a single announcement out of the company. Whispir provides an industry-leading software platform that allows governments and organisations to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. This allows organisations to manage, automate, and optimise their communication processes without requiring specialised technical expertise. 

Need a lift after these declines? Then don't miss out on these growth shares that have been tipped for big things.

Our Top 3 Blue Chip Shares for 2019 – NOW AVAILABLE!

You’re invited! For a limited time, The Motley Fool Australia is giving away an urgent new investment report detailing our 3 TOP BLUE CHIP SHARES to own in 2019.

So if you like trustworthy, stable, high-performing companies that pay fat fully franked dividends – we’ve got you covered!

Stock #1 is a beloved old Australian company turning its attention to high-margin businesses... and rapidly returning cash to shareholders with its hefty dividend...

While Stock #2 is an online powerhouse that’s rapidly gaining market share all around the globe... poised for years (or even decades) of tremendous growth...

Even better, Stock #3 offers a whopping 6.5% grossed-up dividend! Which beats the rates on term deposits right out of the water – and offers the potential for capital gains, too.

You can discover all three shares inside our new report right now. To scoop up your FREE copy, simply click the link below right now. But you will want to hurry – this free report is available for a LIMITED TIME ONLY!

SimplyCLICK HERE FOR YOUR FREE REPORT!

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

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!