Three stocks that have fallen today

  • Aug 28, 2018 AEST
  • Team Kalkine
Three stocks that have fallen today

Accent Group Limited (ASX: AX1)

Accent Group’s underlying net profit after tax grew 17.9% to $47.1 million delivering underlying diluted earnings per share of 8.78 cents, up 17.3% on the prior year. Total accent group sales have gone up by 4.9% to $860. 8 million at the back of 131% growth in digital sales and new store rollouts.

Over the past 12 months the Athlete’s Foot corporate store network has grown from 12 stores to 28 stores. The company expects to acquire further 5 to 10 Australian franchise stores in FY19.

Fully franked final dividend of 3.75 cents was declared during the year which brings total FY18 dividend to 6.75 cents, reflecting 77% payout.

Mid-single digit growth in EBITDA is targeted by the company for FY19, while dividend payout ratio is expected to range between 75% to 80% of profit after tax.


AX1 slipped by 6.689% to $1.395 on 28 August 2018.

Axsesstoday Limited (ASX: AXL)

AXL continues to fall despite reporting 94% increase in net profit after tax to $7.0 million for the financial year ended 30 June 2018. Earnings before interest tax, depreciation and amortization more than double itself, based on year-on-year change.

Loan receivable increased by 100% to $336 million which is expected to deliver 80 to 100% revenue growth in FY19. Earnings per share was 11.85cps, up by 13% in FY18. There has been funding optimization during the year with $200 million warehouse facility and $55 million corporate bond.

Final fully franked dividend of 2.9 cents per share was declared, which takes total dividend to 5.5 cents per share for FY18.

In FY19 guidance, the company forecasts net profit after tax to range between $12.5 million to $13 million, representing approximately 80% increase on FY18.

Axsesstoday’s stock plunged 15.423% to $1.700 on 28 August 2018.

MNF Group Limited (ASX: MNF)

MNF share price has taken a deep dive of 17.918% to $4.810 on 24 August 2018 as company reported 6% fall in earnings per share for the financial year ended 30 June 2018.

Group’s net profit after tax declined 2% to $11.9 million in fiscal 2018. However, gross margin rose 18% to $69.0 million on revenue of $220.7m, up 15% on prior year. This reflects a strong growth across all segments including 15% rise in Domestic Wholesale, 17% growth in Global Wholesale and 22% increase in Domestic Retail.

Although EPS has decreased to 16.25cps from 17.32 cps in FY17, total fully franked dividend for the full year has increased to 8.35cps. The company has declared final dividend of 4.05 cps in FY18, payable on 10 September 2018.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK