Felix Resources: The Worst Stock Performer for Week 26 of 2008

Felix Resources was the overall worst performing stock taking in a 20.07 percent decrease in their share price. Among the worst performing stocks for the week 26 of 2008 of the Australian sharemarket were a mixture of property management, agribusiness, mining, utility infrastructure services: Valad Property (VPG), GPT Group (GPT), Futuris Corporation (FCL), Felix Resources (FLX), Spark Infrastructure (SKI), Great Southern (GTP). These worst performing stocks for week 26 of 2008 recorded losses above 14.44 percent by the end of the trading week.

Valad Property, a value adding property group that encompasses funds management, investment, development and property investment banking, was the worst performing stock for the ASX 100 index seeing 16.16 percent fall or losing 14 cents and closing at 70 cents. Valad Property was followed by GPT Group, which has a substantial investor base, with over 48,000 investors and is one of the top 30 stocks by market capitalisation, offering investors good liquidity, closing at $2.29 and losing 40 cents (-14.87%). Futuris Corporation, a company generates the major share of its income from the Australian rural and primary production sector through rural services, beef production and forestry, came in the third position seeing 14.44 fall or 20 cents and closing at $1.16. On the ASX 200 index, an expanding company with a primary focus on the mining of coal and the development and operation of coal related assets, was the worst performing stock seeing 20.07 percent fall or $4.28 and closing at $17.04. Spark Infrastructure, which has a strong portfolio of Australian utility infrastructure assets comprising a 49% interest in each of CitiPower, Powercor and ETSA Utilities, came in the second position closing at $1.40 and losing 33 cents (-19.07%). Spark Infrastructure was followed by Great Southern, an investment company specialising in the agribusiness sector, closing at 70 cents (-$0.16, -18.6%).