[ad_1]
the S & P / ASX200 (ASX: XJO) posted a 0.8% rise in trading at noon, as mining and technology stocks accelerated the index's rise, driven by higher commodity prices and improving confidence in the technology sector. Unfortunately, several actions have gone red for different reasons. Let's look at some of the people who failed today.
the Bingo Industries Ltd The stock price (ASX: BIN) fell 6.2% to settle at $ 2.13 today after the Australian Commission for Competition and Consumers (ACCC) issued a preliminary opinion that its acquisition of its competitor "Dial-a-Dump" would reduce competition in the waste disposal sector, particularly in Sydney. Bingo wants to buy "Dial-a-Dump" for $ 577.5 million, but the deal could be suspended for now.
the Biotron Limited The share price (ASX: ILO) fell further by 15.6%, from 2.5 cents to 13.5 cents today, and has now lost about two-thirds of its value since its highest peak of 45 cents reached in October 2018. Biotech has experienced a sharp acceleration The results of Phase 2 clinical trials reported a drug developed to help treat HIV patients. However, it seems that bettors take a more skeptical approach to their chances of success in the short term at the moment.
the Elders Ltd The stock price (ASX: ELD) is down 3% to $ 6.80, despite the fact that the famous agri-food industry has not published any specific news in the market. Yesterday, the company announced a new contract with Rural Bank which, according to its reports, would have raised EBIT from 5% to 10% if it had been implemented during the year. Fiscal year 2018. On November 12, the group reported annual net income up 9% to $ 5.3 million. has given ground since last year at the same time.
the Aristocrat Leisure Limited The stock price (ASX: ALL) fell 4.6% to $ 24.91 after the gaming machine or slot machine manufacturer reported net income of $ 616.9 million on operating income of $ 3,624 million for the year ended September 30, 2018 today.
Profits and revenues have increased impressively by 25% and 48% over the previous year. The group also expects continued growth in 2019, with however asymmetrical growth compared to the second half. Despite the solid result, it appears that the result was not as strong as expected, which resulted in a fall in stock prices.
5 companies we like better than the aristocrat
When Scott Phillips, Ace Stock's coach, has a buy recommendation, history shows he can pay to listen.
Scott recently revealed what he believes to be the five best ASX stock for investors to buy now … and Aristocrat was not one of them! That's right, he thinks these 5 stocks represent even better purchases.
See all 5 stocks
Yulia Mosaleva, a contributor to Motley Fool, does not own any of the shares mentioned. Motley Fool Australia has recommended Elders Limited. We fools may not all have the same opinion, but we all agree that taking into account a wide range of ideas makes us better investors. Motley Fool has a disclosure policy. This article contains only general investment tips (under AFSL 400691). Authorized by Scott Phillips.
Source link
