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

Bored man sitting at his desk with his laptop.
Share Fallers

Why Catalyst Metals, Duratec, Nufarm, and Rio Tinto shares are dropping today

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

Read more »

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 Dexus, Mayne Pharma, Nufarm, and Treasury Wine shares are falling today

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

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 James Hardie, Mayne Pharma, Nufarm, and Resimac shares are falling today

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

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Kogan, Monash IVF, OFX, and ResMed shares are falling today

Why are these shares taking a tumble today? Let's find out.

Read more »

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
Share Fallers

Why Appen, DroneShield, Gentrack, and New Hope shares are dropping today

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

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 Dexus, Dusk, Fletcher Building, and Paladin Energy shares are falling today

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

Read more »

Couple look at a bottle of wine while trying to decide what to buy.
Consumer Staples & Discretionary Shares

Treasury Wine shares: Buy, hold, or sell? Here's Macquarie's take

What is Macquarie forecasting for Treasury Wine shares amid the CEO’s unexpected exit?

Read more »

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 Newmont, NRW, Peet, and Treasury Wine shares are dropping today

Let's find out why investors are selling down these shares on Thursday.

Read more »