3 Shares Being Beaten By The FTSE Today

Published in Investing on 26 November 2012

SDL (LSE: SDL) falls on profit warning, and Centamin (LSE: CEY) resumes gold exports.

The FTSE 100 (UKX) turned downwards again today, dropping 29 points to 5,790 at the time of writing. There's really not much macroeconomic news around at the moment, as the UK awaits the announcement of the next governor of the Bank of England later today.

But some share prices are falling, and they might produce buying opportunities for those who do their own research and dig a bit deeper. Here are three that are dropping today:


A profit warning from language software specialist SDL (LSE: SDL) sent the shares into a slump, dropping 77p (15%) to 434p. The firm warned of a profit shortfall against current expectations of between £3 million and £4 million, saying: "Management forecasts for the year are now considered to be too optimistic against market expectations."

After similar recent falls, the SDL price is now down around 35% over the past few months, with pre-update forecasts already putting the shares on a P/E of 14, with a low dividend yield of 1.2% expected.


Egypt-based Centamin (LSE: CEY), which was threatened with the loss of its mining permit for its Sukari mine last month and saw its share price crash as a result, announced the next step in its appeal process today -- and saw 6.7% knocked off the share price, to 60.3p.

Centamin suspended gold exports while the appeal process was under way, but due to the requirement for working capital, is preparing to resume exports to keep the needed cash flowing.


Quintain Estates & Development (LSE: QED) saw its shares fall 3.2% to 52p today, after the property investor released first-half results. The firm has revalued its assets and reported a fall in net asset value (NAV) per share, coupled with a pre-tax loss for the six months to September.

Basic NAV per share fell from 116p to 106p, while a £3.7 million pre-tax profit for the first half last year turned into a loss of £29.1 million.

Finally, how does Britain’s ace investor Neil Woodford avoid share price falls? He goes for a strategy of buying solid blue-chip shares paying dependable long-term dividends. And in doing so, he's built a record of beating the FTSE for nine straight years.

If you want to see how Mr Woodford manages to beat the market, the free Motley Fool report "8 Shares Held By Britain's Super Investor" takes a look at some of his key holdings. To get your copy, click here while it’s still available.

> Alan does not own any shares mentioned in this article.

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