News: Worst performing stocks in 2012

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FKP Property Group (ASX:FKP) tumbled to the worst performing stock of the S&P/ASX 200 index dropping 57 per cent in the 2012 calendar year.    

 

The property and investment company was impacted by a soft residential real estate market in the same year its long standing Managing Director and CEO Peter Brown retired. 

 

Aquila Resources Limited (ASX:AQA) came in as the second worst performing stock over last year; The coal and iron ore producers stock sank 56 per cent, hit by falling commodity prices and funding pressures.   

 

Media company Ten Network Holdings Limited (ASX:TEN) saw its stock price sink 56 per cent amid a soft advertising market. 

 

Nickel developer Mirabela Nickel Limited’s (ASX:MBN) stock lost 55 per cent over last year and West Africa focussed explorer Gryphon Minerals Limited (ASX:GRY) shed 55 per cent over last year. 

 

The top ten worst performing stocks in 2012 were dominated by miners, including Coalspur Mines Limited (ASX:CPL) down 53 per cent, Alacer Gold Corp (ASX:AQG) down 53 per cent, Gindalbie Metals Limited (ASX:GBG) down 52 per cent, Saracen Mineral Holdings Limited (ASX:SAR) down 50 per cent and Energy World Corporation Limited (ASX:EWC) down 47 per cent. 

 

FKP Property Group booked a net loss of $359.9 million in the full year to June 30, 2012.