The benchmark S & P / ASX 200 (Index: ^ AXJO) (ASX: XJO) has returned from the decline of yesterday with a strong gain on Wednesday. In the afternoon trade the index rose from 0.45% to 6.189.2 points. Four stocks that have not followed the market today are listed below. This is why they have fallen lower: the share price of Japara Healthcare Ltd (ASHC: JHC) fell by 5% to $ 1.35 after the Australian elderly care operators were downgraded by Macquarie analysts. The broker has downgraded Japara to an underperform rating of neutral and has lowered its share price target to $ 1.33. Macquarie believes that increased …
The benchmark S & P / ASX 200 (Index: ^ AXJO) (ASX: XJO) has returned from yesterday's decline with a strong gain on Wednesday. In the afternoon trade the index rose from 0.45% to 6.189.2 points.
Four stocks that have not followed the market today are listed below. This is why they are tumbled lower:
The Japara Healthcare Ltd (ASX: JHC) share price fell by 5% to $ 1.35 after Australian senior citizens were downgraded by Macquarie analysts. The broker has downgraded Japara to an underperform rating of neutral and has lowered its share price target to $ 1.33. Macquarie is of the opinion that more research by the Royal Commission will heavily burden the company and its counterparts.
The Resapp Health Ltd (ASX: RAP) share price fell 15% to 23 cents after returning from a trading stop. This morning, the shares of the digital healthcare company were returned to trading after completing a placement of $ 7.5 million at 22 cents per share. The management has advised that the proceeds of the placement will strengthen its balance sheet to make it possible to effectively pursue several exciting projects simultaneously.
The Synlait Milk Ltd (ASX: SM1) share price fell more than 6% to $ 10.93 after the release of the dairy processor results for the full year. Although Synlait achieved a 89% year-on-year profit increase, sales volume guidance for the coming year indicates a significant slowdown. Although I thought that Synlait had an excellent result, I think the shares are expensive given the guidelines.
The TPG Telecom Ltd (ASX: TPM) share price fell more than 5% to $ 8.25 per day after the release of results for the full year. Although the result exceeded Citi's expectations for the lower capex, it has maintained its sell rating and placed a target price of $ 6.75 on the shares of the telco company. The broker continues to expect profits to decline in the coming years as a result of the weakness in the consumer division.
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Motley Fool employee James Mickleboro has no position in any of the listed shares. The Motley Fool Australia owns shares and has recommended TPG Telecom Limited. We Fools may not all have the same opinion, but we are all convinced that considering a wide range of insights makes us better investors. The Motley Fool has a disclosure policy. This article only contains general investment advice (under AFSL 400691). Authorized by Scott Phillips.