3 FTSE Shares Crashing to New Lows

LONDON -- The FTSE 100 (FTSEINDICES: ^FTSE  ) has lost 586 points, or 8.5%, since it set a 13-year high of 6,876 on May 22 to reach 6,290 by 10:10 a.m. EDT today. But at least it's nowhere near its 52-week low of 5,415 points.

But even with the FTSE up nicely over the year and a good number of companies doing well, there are still some shares hitting new lows. Here are three from the FTSE indexes that are on a big downer right now.

I could have picked any number of mining and commodities companies today, as the whole sector is on a slide, but EVRAZ will suffice as an illustration. The miner and steel-producer has seen its shares fall from about 330 pence in January to a 52-week low today of 117.5 pence.

Full-year results for 2012, released on April 11, revealed a $0.23 per-share loss after revenue fell 10%, but a first-quarter update a week later told us of an 11% recovery in volumes of crude steel and steel products.

This year is still forecast to bring in a small loss, but there's a recovery expected for 2014, and analysts are still expecting dividends to be paid -- with yields of 2.7% and 3% this year and next, respectively.

G4S shares have had a very erratic year, with the price dropping to a 12-month low of 234 pence today. The shares are on a forward P/E of less than 12 for this year, with a dividend yield of nearly 4% expected.

But after a couple of tough years, who would buy G4S shares at today's price? Well, Bill Gates would: The Microsoft co-founder has taken his stake up to 45 million shares after buying another 6.5 million. He now has a 3.2% interest in the firm.

But before you decide to jump in after Mr. Gates, do remember that he -- well, his charitable foundation, actually -- invested a chunk in the ill-fated JJB Sports.

Management services firm MITIE Group has had a decent couple of years, but the price has slumped this year as write-offs and ballooning debts have damaged confidence. And today, the shares hit a 52-week low of 247 pence.

But even the latest forecasts for the year to March 2014 suggest a small rise in earnings per share, putting the shares on a P/E of 10. And there's a dividend of 11 pence per share expected, which would yield 4.4%. Is this an oversold bargain? Only you can decide that.

What's the best way to deal with share-price falls? One way is to focus on dividends, which can be spent or reinvested, according to your needs. Whether you're investing for income or growth, good old cash is always welcome. And that's why I recommend the brand-new Fool report "The Motley Fool's Top Income Share For 2013," in which our top analysts identify a share they believe will provide handsome dividend income for years to come. The report will be available only for a limited period, so click here to get your copy today.

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Related Tickers

9/28/2016 4:17 AM
EVR $160.00 Up +2.90 +1.85%
Evraz CAPS Rating: No stars
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Mitie Group CAPS Rating: No stars
^FTSE $6873.26 Up +65.59 +0.96%
FTSE 100 CAPS Rating: No stars