Winners and Losers: How SA’s public companies fared last financial year
We take a look at how Adelaide’s ASX-listed companies performed during the 2023 fiscal year.
Big business leaders are making their pitch to politicians in the lead up to the next federal election.
It’s been a solid year for the top 200 companies on Australia’s stock exchange with the ASX 200 rising by 8.93 per cent in the 12 months to 30 June 2023, but the same cannot be said for every group based in South Australia.
Of the top performers, a big bump in the final month of the financial year thanks to a healthy takeover offer from Wesfarmers pushed Silk Laser Clinics up to $3.33 per share as of June 30.
However, beloved food brand Maggie Beer Holdings was the biggest loser, with shares deteriorating by 67.57 per cent in the fiscal year to just 12 cents per share.
Another poor performer was video game developer Mighty Kingdom which dropped to just above 1 cent per share, while rural property giant Elders also experienced a dive of 49.19 per cent to $6.58 per share.
Take a look at the top five South Australian winners and losers in FY23 below:
WINNERS:
Silk Laser Australia (ASX: SLA): up 72.54 per cent to $3.33. Market cap: $176.89 million.
Renascor Resources (ASX: RNU): up 35.71 per cent to $0.19. Market cap: $469.79 million.
Kelsian Group (ASX: KLS): up 24.96 per cent to $7.26. Market cap: $1.95 billion.
BHP Group (ASX: BHP): up 12.76 per cent to $44.99. Market cap: $227.91 billion.
Codan Limited (ASX: CDA): up 10.14 per cent to $8.03. Market cap: $1.45 billion.
LOSERS:
Maggie Beer Holdings (ASX: MBH): down 67.57 per cent to $0.12. Market cap: $42.29 million.
Mighty Kingdom (ASX: MKL): down 57.50 per cent to $0.017. Market cap: $5.27 million.
Elders Ltd (ASX: ELD): down 49.19 per cent to $6.58. Market cap: $1.03 billion.
Australian Vintage Ltd (ASX: AVG): down 39.39 per cent to $0.40. Market cap: $99.79 million.
Cooper Energy (ASX: COE): down 37.5 per cent to $0.15. Market cap: $408.83 million.
