Worst performing stocks in fiscal 2014

Company News

Uranium producer Paladin Energy Limited (ASX:PDN) plunged to the worst performer in the S&P/ASX 200 index over the 2014 financial year. 
 
Weak uranium prices, refinancing and project delays weighed on the miner’s stock which sank 66.3 per cent over the year to end at $0.29.  

Rare earths producer Lynas Corporation Limited (ASX:LYC) shed 65.3 per cent to $0.13 in fiscal 2014 amid fears for the company’s funding position. 

Discount retailer The Reject Shop Limited (ASX:TRS) dropped almost 50 per cent after cutting its annual profit guidance due to unseasonably warm weather. 

Shares in online travel agent Wotif.com Holdings Limited (ASX:WTF) declined 46.4 per cent over the year while finance company McMillan Shakespeare Limited (ASX:MMS) lost 43.3 per cent. 

Rounding out the top ten worst performers gold producer Regis Resources Limited (ASX:RRL) retreated 43.3 per cent and gas explorer Karoon Gas Australia Limited (ASX:KAR) tumbled almost 40 per cent. 

Marine logistics supplier Mermaid Marine Australia Limited (ASX:MRM) was down 39 per cent, coal producer Whitehaven Coal Limited (ASX:WHC) was down 37.6 per cent and grain handler Graincorp Limited (ASX:GNC) was down 32.9 per cent. 

Paladin Energy reported a net loss of $338 million in the first half of the 2014 financial year.