The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to make it two days of solid gains in a row. In afternoon trade the index is up 0.7% to 5,769 points.
Unfortunately not all shares on the market are climbing higher. Here's why these four shares have made notable declines today:
The Bellamy's Australia Ltd (ASX: BAL) share price has fallen 3% to $8.23 despite there being no news out of the infant formula company. This is the second day in a row of declines for Bellamy's and is likely to be a case of profit taking following a strong rally over the last month.
The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price has plunged 12.5% to $44.76 after the pizza chain operator's full-year results fell short of the market's expectations. Whilst today's result was a disappointment, I feel its shares have fallen to a level that makes them great value.
The FlexiGroup Limited (ASX: FXL) share price has fallen 5% to $1.75 after the financing company reported a disappointing 4% decline in full-year cash net profit after tax to $90.3 million. This ultimately led to the company cutting its dividend by 47% to 7.7 cents per share. Furthermore, in FY 2018 management expects little improvement in cash NPAT and has provided guidance of between $85 million and $90 million.
The Think Childcare Ltd (ASX: TNK) share price has tumbled almost 3% to $2.04 following the release of the childcare centre operator's half-year results. Although Think Childcare reported a 67.9% increase in half-year profit after tax to $2.7 million, the market appears concerned by its falling occupancy rates. Though management does believe these will improve in 2018 as trading conditions improve. This could make it worth a look at today's price.
