Insights

These were the worst performers on the ASX 200 last week

EML Payments Ltd (ASX:EML) and Kogan.com Ltd (ASX:KGN) shares were among the worst performers on the ASX 200 last week…
The post These were the worst performers on the ASX 200 last week appeared first on The Motley Fool Australia. –

The S&P/ASX 200 Index (ASX: XJO) overcame a huge selloff on Wednesday to record a small gain last week. The benchmark index rose 16.1 points or 0.2% over the five days to end the period at 7,030.3 points.

Unfortunately, not all shares were able to climb higher with the market. Here’s why these were the worst performers on the ASX 200 last week:

EML Payments Ltd (ASX: EML)

The EML Payments share price was the worst performer on the ASX 200 by some distance with a 34.6% decline. Investors were selling the payments company’s shares after the Central Bank of Ireland raised concerns over EML Payments’ PFS Card Services Ireland business. The central bank’s concerns relate to Anti-Money Laundering/Counter Terrorism Financing compliance. Management notes that 27% of its total revenue goes through this business. The worst-case scenario could see the business lose its financial service authorisation in the European market.

Kogan.com Ltd (ASX: KGN)

The Kogan share price was out of form and sank 14% lower over the five days. All of this decline occurred on the final day of the week when the ecommerce company released a trading update. That update revealed that inventory issues, promotional activities, and cost inflation are weighing on its performance. As result, it expects to report adjusted EBITDA of $58 million to $63 million in FY 2021. This was well short of the market’s expectations of ~$70 million. Kogan’s guidance represents growth of just 16.7% to 27% on FY 2020’s adjusted EBITDA of $49.7 million. This compares to its first half EBITDA growth rate of 184.4%.

Monadelphous Group Limited (ASX: MND)

The Monadelphous share price wasn’t far behind with a decline of 10%. This was despite there being no news out of the mining and mining services company last week. One person that sees this as a buying opportunity is its director, Dietmar Voss. A change of director’s interest notice reveals that he picked up almost $300,000 worth of shares via on-market trades on 18 and 19 May.

Iluka Resources Limited (ASX: ILU)

The Iluka share price was a poor performer and tumbled 9.8% over the five days. The catalyst for this was the mineral sands company releasing an update on its Sierre Rutile operation. According to the release, the operation has been struggling recently. As a result, Iluka is planning to pause production later this year for six months. During the break, management will evaluate whether it can continue its operations in its current mining area. It also withdrew its production guidance of 145,000 tonnes of rutile for 2021.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of February 15th 2021

More reading

These were the best performers on the ASX 200 last week

ASX 200 rises, Kogan sinks, EML soars

Why the Kogan (ASX:KGN) share price crashed 14% to a 52-week low
Why Appen, Kogan, Nufarm, & Red 5 shares are sinking

The ANZ (ASX:ANZ) share price leads the ASX 200 banks this week

The post These were the worst performers on the ASX 200 last week appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!