Insights

Why a2 Milk, Service Stream, TPG, & Zip shares are tumbling lower

A2 Milk Company Ltd (ASX:A2M) and Zip Co Ltd (ASX:Z1P) are two of four ASX shares tumbling notably lower on Thursday. Here’s why…
The post Why a2 Milk, Service Stream, TPG, & Zip shares are tumbling lower appeared first on The Motley Fool Australia. –

A white arrow point down into the ground against a blue backdrop, indicating an ASX market crash or share price fall

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 1% to 6,847.4 points.

Four ASX shares that have failed to follow the market higher are listed below. Here’s why they are tumbling lower:

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price has crashed 16% lower to $8.79. Investors have been selling the infant formula and fresh milk company’s shares following the release of its half year results. Although the infant formula and fresh milk company delivered a first half result in line with expectations, it was forced to downgrade its full year guidance once again.

Service Stream Limited (ASX: SSM)

The Service Stream share price is sinking 20% lower to $1.36. The catalyst for this was the release of a disappointing half year result after the market close on Wednesday. After a difficult first half, the essential network services provider warned that its second half could be just as tough. In light of this, it advised that the higher contribution that it expected in the second half is unlikely to materialise.

TPG Telecom Ltd (ASX: TPG)

The TPG share price has fallen over 2.5% to $6.83. This morning the telco released its full year results and revealed a 24% jump in annual revenue to $4.35 billion and an 18% lift in EBITDA to $1.39 billion. However, this was largely due to a six-month contribution from the Vodafone Australia business. This may have been softer than the market was expecting.

Zip Co Ltd (ASX: Z1P)

The Zip share price is down 7% to $11.02 despite releasing a half year result which revealed further strong growth across key metrics. For the six months ended 31 December, Zip reported a 141% increase in total transaction volume (TTV) to $2.32 billion. This led to a 130% jump in half year revenue to $160 million. It appears as though investors were expecting an even stronger result.

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.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool Australia has recommended Service Stream Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why a2 Milk, Service Stream, TPG, & Zip shares are tumbling lower 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!