In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from a weak start and is pushing slightly higher. At the time of writing the benchmark index is up slightly to 6,146.3 points.
Four shares that have failed to follow the market higher today are listed below, Here's why they have started the week in the red:
The Auswide Bank Ltd (ASX: ABA) share price is down almost 3% to $5.69. The whole of the bank's share price decline today can be attributed to its shares going ex-dividend for its 18 cents per share final dividend this morning. Eligible shareholders can now look forward to receiving this generous dividend in their nominated account on September 21.
The Amaysim Australia Ltd (ASX: AYS) share price has tumbled 4.5% lower to $1.18 despite there being no news out of the telco company. I suspect that today's decline could be a case of profit taking after its shares rallied strongly following the TPG-Vodafone merger announcement. Despite today's decline, Amaysim's shares have risen 18% since this time last month.
The Monash IVF Group Ltd (ASX: MVF) share price has dropped almost 4% to $1.12. Today's decline may be related to news that Primary Health Care Limited (ASX: PRY) has agreed to acquire Montserrat Day Hospitals for a total consideration of up to $138.5 million. Management believes the acquisition will help grow its specialist segments such as its IVF business. This could lead to a further increase in competition for Monash IVF.
The Ramelius Resources Limited (ASX: RMS) share price has fallen almost 5% to 44.7 cents after announcing a takeover offer for gold exploration company Explaurum Ltd (ASX: EXU). Ramelius has made an all scrip offer of 1 Ramelius share for every 4 Explaurum shares. This implies a price of 12.3 cents per share based on a 30-day VWAP of the Ramelius share price. Judging by the share price decline, it seems some shareholders don't believe that this is a good move by management.
