AED Oil: The Worst Performer for Week 47 of 2007

Submitted by Craig Strzelecki on 24 November, 2007 - 15:55

AED Oil was the overall worst performing stock taking in a 20.8 percent decrease. Among the worst performing stocks for the week 47 of 2007 of the Australian sharemarket were a mixture of asset management, energy, financial services, oil, metals and mining: Babcock & Brown (BNB), Paladin Energy (PDN), Challenger FSG (CGF), AED Oil (AED), Perilya (PEM), Sally Malay (SMY). These worst performing stocks for the week 47 managed losses above 9.7 by the end of the trading week.

Babcock & Brown, an international investment and specialised fund and asset management group with longstanding capabilities in the creation, syndication and management of asset and cash flow-based investments, was the worst performer for the ASX 100 index seeing 11.01 percent fall or $3.05 and closing at $24.65. Paladin Energy, Australia’s second biggest sole uranium mining company behind Energy Resources, which is majority owned by mining giant Rio Tinto, was at the second position of this list losing 73 cents (-10.18%) and closing at $6.44. Paladin Energy was followed by Challenger FSG, which provides smarter solutions to financial intermediaries and their clients, offering a broad spectrum of financial products and services, losing 60 cents, decreasing 9.7 percent and closing at $5.58. On the ASX 200 index, AED Oil was at the first position of worst performing stocks seeing 20.8 percent fall or $1.55 and closing at $5.90. Perilya, a leading Australian base metals mining and exploration company and is in the top 20 of global producers for zinc and the top 10 for lead production, was the next in the line closing at $2.89 (-$0.70, -19.49%). Perilya was followed by Sally Malay, an established Western Australian nickel sulphide producer with two profitable underground mines, seeing 12.58 percent fall or 74 cents and closing at $5.14.