What made these stocks fell low – Asaleo Care Ltd and Alacer Gold Corp?
Weak guidance:Asaleo Care Ltd (ASX: AHY) stock fell over 4.8% on March 23, 2017 as the group paid dividend. The group now expects a low single digit profit growth in FY17 as compared to the prior corresponding period. The group forecasts a free cash flow in the range of $85m to $95m given the program to optimize working capital levels and recycle capital into higher returning investments. The group’s underlying EBITDA lost 10% to $130.7 million while Personal Care EBITDA lost 7.1% yoy to $66.9 million during the period. The group’s Tissue EBITDA fell 13% to $63.8 million. AHY’s underlying NPAT reached $64.6 million, which is down 15.2% impacted by FX impact on costs and challenging trading environment.
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