Why APM, Azure Minerals, Beach Energy, and Elders shares are crashing today

These ASX shares are starting the week very poorly. But why?

| More on:
A young male investor wearing a white business shirt screams in frustration with his hands grasping his hair after ASX 200 shares fell rapidly today and appear to be heading into a stock market crash

Image source: Getty Images

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 Index (ASX: XJO) is back on form on Monday and pushing higher. In afternoon trade, the benchmark index is up 0.25% to 7,793.7 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling on Monday:

APM Human Services International Ltd (ASX: APM)

The APM Human Services share price is down 29% to $1.16. Investors have been selling this human services provider's shares today in response to a takeover update. According to the release, CVC Asia Pacific has pulled the plug on its non-binding $2.00 per share offer following the completion of due diligence. And while APM has received another offer from Madison Dearborn Partners, the company has described it as "disappointing." Nevertheless, the board intends to engage with Madison Dearborn Partners to see if it is possible for an improvement to its $1.40 per share offer.

Azure Minerals Ltd (ASX: AZS)

The Azure Minerals share price is down almost 9% to $3.26. Today the lithium explorer is holding its scheme meeting relating to the proposed takeover by SQM and Hancock Prospecting. The offer is $3.70 per Azure share with a fall-back conditional off-market takeover offer of $3.65 per Azure share. However, ahead of the meeting, the company revealed that the Foreign Investment Review Board has requested more time to decide on the deal. The company remains positive that approval will be granted. It said: "This is a standard extension request and Azure is not aware of any reason that the required FIRB approval will not be received."

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is down 15% to $1.61. Investors have been selling the energy producer's shares after it revealed a series of quality issues at its Waitsia joint venture project in the Perth Basin. Beach is now working to update the production schedule and cost estimates for Waitsia, advising that "the extent of additional quality issues is to a point where current guidance on schedule and cost needs to be updated."

Elders Ltd (ASX: ELD)

The Elders share price is down 24% to $7.49. This agribusiness company's shares have come under significant pressure today after it released a trading update. Elders notes that first half trading in FY 2024 has been significantly below expectations due to a number of drivers. This includes subdued client sentiment following an El Niño declaration by the Bureau of Meteorology. As a result, Elders expects EBIT to fall 18% to 30% in FY 2024 to between $120 million and $140 million.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended APM Human Services International and Elders. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Fallers

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why HMC Capital, Platinum, Sigma, and Skycity shares are dropping today

These shares are having a tough session on Tuesday. But why?

Read more »

Oil worker using a smartphone in front of an oil rig.
Energy Shares

ASX 200 energy shares plunge on shock OPEC move

ASX 200 energy shares like Woodside and Santos are tumbling on Monday. Let’s find out why.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Brainchip, Helia Group, Reliance Worldwide, and Westpac shares are dropping today

These shares are starting the week in the red. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Block, Corporate Travel Management, Judo, and Zip shares are sinking today

These shares are missing out on the good times on Friday. But why?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst-performing ASX 200 shares in April

These shares were out of form last month. But why?

Read more »

Man waiting for his flight and looking at his phone.
Travel Shares

Corporate Travel shares crash 11% as Trump tariffs bite

Trump’s tariffs are roiling Corporate Travel shares on Friday.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Brainchip, DroneShield, Resolute Mining, and Woodside shares are falling today

These shares are under pressure on Thursday. What's going on?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

Why Appen, Bank of Queensland, Novonix, and Ora Banda shares are falling today

These shares are having a tough time on hump day. But why?

Read more »