Commander Communications (CDR) Worst Performing Shares

Submitted by Craig Strzelecki on 1 September, 2007 - 12:56

Commander Communications(CDR) was the overall worst performing stock taking in a 30.1 percent decrease. Among the worst performing stocks for the week 35 of 2007 on the Australian sharemarket were a mixture of communications technology, gambling & gaming, mining and financial services: Tattersall's (TTS), Bendigo Bank (BEN), Insurance Australia Group (IAG), Commander Communications (CDR), Compass Resources (CMR). These worst performing stocks recorded losses between 5.09 to 30.1 percent by the end of the trading week.

Tattersall's, the gambling company which consists of a set of self managed strategic business units with responsibility for maintaining the commercial focus that delivers superior and sustainable shareholder value, was at the first place for the worst performing stocks for the ASX 100 index seeing 15.35 percent fall, losing 76 cents and closing at $4.19. Tattersall's was followed by Bendigo Bank, which has about 340 branches across Australia, losing $1.16 (-7.13%) and closing at $15.09. Insurance Australia Group was at the third position for the worst performing list seeing 5.09 percent fall or 27 cents and closing at $5.03. On the ASX 200 index, Commander Communications, where the business has been tailoring leading business communications and technology solutions to meet Australia's business needs for over 25 years, was at the top of worst performing stocks seeing a remarkable fall of 30.1 percent or 30 cents and closing at 69 cents. Commander Communications was followed by Tattersall's. Compass Resources, an Australian minerals exploration and development company with interests in base metals, gold and uranium projects, was next in the line with a loss of 9.97 percent (-$0.40) and closing at $3.61.