4 ASX 200 Stocks In Red – IFN, AHG, CYB And ALG

4 ASX 200 Stocks In Red - IFN, AHG, CYB And ALG

The below-mentioned stocks have witnessed a significant decrease in their stock price today. Let’s take a closer look at these stocks-

Infigen Energy (ASX: IFN)

Infigen Energy (ASX: IFN) is mainly involved in providing energy solutions to businesses in Australia. Today (i.e., 8 March 2019), the company’s shares went down by 6.542% in the intraday trade, after S&P Dow Jones Indices removed the company from S&P/ASX 200 Index. In an announcement made by S&P Dow Jones Indices regarding quarterly rebalance of the S&P/ASX Indices, S&P Dow Jones Indices has announced that from 18 March 2019 onwards, Infigen Energy will not be traded in S&P/ASX 200 Index. In the recently released interim results for FY 2019, Infigen Energy had announced a Net profit after tax of $21.1 million which was $5.7 million lower than the previous corresponding period. Further, the company reported net revenue of $119.2 million and Underlying EBITDA of $88.2 million.

In the last six months, the share price of the company decreased by 8.55% as on 7 March 2019. IFN’s shares last traded at $0.500 with a market capitalization of circa $511.76 million as on 8 March 2019.

Automotive Holdings Group Limited (ASX: AHG)

Australia’s largest automotive retailer, Automotive Holdings Group Limited (ASX: AHG) witnessed a fall of 3.695% in the intraday trade today. The decline in the share price was primarily driven by the removal of the company from the S&P/ASX 200 Index. S&P Dow Jones Indices has announced that from 18 March 2019 onwards, Automotive Holdings Group Limited will not be traded in S&P/ASX 200 Index.

The company recently reduced its forecast for full?year Operating NPAT from $56M -$59M to $52?million to $56?million, driven by the decline in the Automotive market. For the half year ended 31 December 2018, the company reported revenue of $3.22 billion and Operating NPAT of $24.2 million.

In the last six months, the share price of the company decreased by 10.96% as on 7 March 2019. AHG’s shares last traded at $1.955 with the market capitalization of circa $673.19 million as on 8 March 2019.

CYBG PLC (ASX: CYB)

The Independent banking group, CYBG PLC (ASX: CYB) witnessed a fall of 3.896% in its share price today. The group recently completed the pricing of its £250 million additional Tier 1 Capital Notes. The Notes are convertible into ordinary shares of CYBG if the Common Equity Tier 1 Capital Ratio of the CYBG group falls below 7.00 per cent. In the first quarter of FY 2019, the group completed the acquisition of Virgin Money. As at 31 December 2018, the group was strongly capitalized with a CET1 ratio of 14.5% which was around 60 bps lower than the proforma 30 September 2018 ratio.

In the last six months, the share price of the company decreased by 35.19% as on 7 March 2019. CYB’s shares last traded at $3.7 with a market capitalization of circa $5.5 billion as on 8 March 2019.

Ardent Leisure Group Limited (ASX: ALG)

Australia’s leading owners and operators of premium leisure assets, Ardent Leisure Group Limited (ASX: ALG) witnessed a fall of 5.788% in the intraday as on 8 March 2019. In the recently released half-year results for FY 2019, the company reported 19.0% growth in its revenue from continuing businesses as compared to the prior corresponding period (pcp). Main Event revenue grew 14.3% and the Theme Parks revenues increased by 9% in 1H FY19 on a like-for-like basis.

For the second half of FY 2019, the company focusing on margin expansion, targeting 100bps of margin improvement over the next six months. The company believe that FY19 will be a low point for margins based on investments made, leadership team changes and low amounts of leverage from revenue growth.

In the past three months, the share price of the company increased by 3.67% as on 7 March 2019. ALG’s shares last traded at $1.465 with a market capitalization of circa $745.94 million as on 8 March 2019.


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