Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Anglo American plc (AAL), Greggs plc (GRG), Rockhopper Exploration Plc (RKH): 3 FTSE Shares Crashing to New Lows

LONDON — The FTSE 100 is on a bit of a slide, having dropped 1.3% to 6,336 points today to continue a recent downtrend. However, it’s still a long way from its 52-week low of 5,260 points set a year ago. In fact, it’s up 22% since then, so we really shouldn’t worry too much about the gloomy headlines.

But things aren’t so good for some of our companies, with a few falling to new lows. Here are three from the indexes that are struggling.

Anglo American plc (LON:AAL)
Anglo American plc (LON:AAL) shares are still sliding, as the firm’s exposure to the struggling iron-ore market is hurting it more than some of its sector compatriots. Since the start of June, the slump has been accelerating, and the shares hit a 52-week low of 1,430 pence this morning — they climbed back a bit to close at 1,440 pence.

What I can’t help wondering about Anglo American plc (LON:AAL) is whether the shares are now oversold. Sure, there’s a fall in earnings per share of 7% forecast for the year to December 2013, but that puts the shares on a forward P/E of only 10.5, and there’s a 3.7% dividend yield forecast that should be well-covered. Forecasts for 2014 drop the P/E to just nine.

Greggs plc (LON:GRG)
High-street baker Greggs plc (LON:GRG) has had a hard time over the past year, with the shares now down about 20%. The price hit a 52-week low of 396 pence in May before recovering to nearly 420 pence, but it’s on the way down again — it hasn’t gone quite as low as it did last month, but at 398 pence it’s pretty close again.

Forecasts for Greggs plc (LON:GRG) suggest a fairly large fall of 12% in EPS, putting the shares on a P/E of 11.5 — lower than the FTSE average, but not outrageously so. But there’s a dividend yield of 4.8% being forecast, which is a pretty good return. There’s no guarantee it will be paid, of course, but the payout was lifted by 1% for 2012, and forecasts indicate a cover of about 1.8 times for this year.

Rockhopper Exploration Plc (LON:RKH)
Shares in some of our oil and gas explorers are struggling, too, especially those involved in the Falklands area, like Rockhopper Exploration Plc (LON:RKH). Rockhopper Exploration Plc (LON:RKH) has seen its shares plunge by more than 50% over the past 12 months, with the price touching on a low of 129.5 pence yesterday and closing just half a penny above that today.

At interim results time in December, chairman Pierre Jungels opined that the company is set “to continue along the value creation path that I’ve set out in previous statements and begin to address the under performance of the current share price” — and an AGM resolution passed on Tuesday enables the board to repurchase the firm’s shares, should favorable circumstances arise.

The article 3 FTSE Shares Crashing to New Lows originally appeared on

Alan Oscroft has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!