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.
