Here's why these 4 shares smashed the market today

Could there be more where that came from for shareholders in Farm Pride Foods Ltd. (ASX:FRM), Shine Corporate Ltd (ASX:SHJ), Kathmandu Holdings Ltd (ASX:KMD), and Cardno Limited (ASX:CDD)?

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 (INDEXASX: ^AXJO)(ASX: XJO) stepped above 5,000 points again this morning, rising 0.75% to 5,043 points.

A number of companies significantly outperformed the market today, and as companies file their half-yearly reports over the next few weeks we can expect plenty more where that came from.

Here's what you need to know:

Farm Pride Foods Ltd. (ASX: FRM) skyrocketed 29% to $1.71 today after the company announced its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the six months to December 2015 should be in the range of $7.5m -$8.5m, a significant increase from the previous year.

Shares in Farm Pride Foods are up 450% in the past 12 months.

Shine Corporate Ltd (ASX: SHJ) gained 5% to $0.56 today after the bargain hunters took a closer look at the business. Shine's shares lost 75% of their value just last week after management announced a significant cut to their full-year forecasts as a result of overly optimistic Work-In-Progress (WIP) accounting. While many are debating the merits of publicly listed law firms, Shine now trades on a very low earnings multiple, and doesn't have to do a whole lot to justify today's prices.

That is, of course, assuming there isn't more bad news yet to come.

Kathmandu Holdings Ltd (ASX: KMD) jumped 12% to $1.54 after announcing a huge increase to earnings and profits for the first half of this financial year. Management also announced sizeable revenue and same-store sales growth that was profitable thanks to cost efficiencies achieved by the company.

Despite today's rise, Kathmandu shares are down 26% for the year, and down 12.5% since their debut in 2009.

Mineral Resources Limited (ASX: MIN) rose 6% to $3.93 as investors digested Friday afternoon's quarterly activities report, which revealed mining operations were in line with forecasts and efficiency gains continue to be made at the company's mining operations. Mineral Resources also recently announced an offtake agreement with a Chinese buyer for its Mt Marion lithium project.

Mineral Resources shares are down 42% in the past 12 months.

Motley Fool contributor Sean O'Neill has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »