LONDON -- The FTSE 100
There will always be big day-to-day movements in individual share prices, and some of the falling ones offer buying opportunities for those who do their research. Here are three constituents of the various FTSE indexes on the way down today:
MITIE Group shares dropped 6.1% to 275 pence after the company reported a 13% fall in interim pre-tax profit to 37.3 million pounds and a 15% fall in earnings to 8 pence per share -- though the dividend was lifted by 4.5% to 4.6 pence.
On the upside, the firm did see first-half revenue reach more than 1 billion pounds for a 5.6% increase, and it expects the second half to be stronger. MITIE reported a 4.7% boost to its order book to 9 billion pounds, with plenty of potential bids still to come.
Chariot Oil & Gas is down a further 0.9% to 27 pence, though the only news today is that the Africa-focused explorer has commenced a 3-D seismic survey on one of its blocks off the coast of Mauritania.
The share price has fallen badly this year, most notably in September, when the firm's Namibian offshore exploration well at Kabeljou turned out to be dry. The price is down more than 70% since then and down nearly 90% since its 52-week high of 204 pence in March.
Fashionista SuperGroup, owner of the Superdry brand, crashed 10.5% to 617 pence. There has been no news since the firm's second-quarter update on Nov. 8, but confidence in sales growth appears to be faltering after a broker downgraded its recommendation on the company. With the eurozone back in recession, the current global economic situation is starting to look gloomier than previously thought, and rapidly growing fashion brands could easily feel the pain from that.
How does Britain's ace investor Neil Woodford avoid share price falls? He goes for a strategy of buying solid blue-chip shares paying dependable long-term dividends. And in doing so, he has built a record of beating the FTSE for nine straight years. If you want to see how Woodford manages to beat the market, the free Motley Fool report "8 Shares Held By Britain's Super Investor" takes a look at some of his key holdings. To get your copy, click here while it's still available.
Alan does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.