3 ASX stocks to sell now
Market momentum has clearly turned against these ASX listed stocks and investors may be better off watching them from the side lines until there is a clear turnaround.
3 ASX stocks to sell
Austin Engineering Limited (ASX: ANG)
Develop Global Limited (ASX: DVP)
Horizon Minerals Limited (ASX: HRZ)
Austin Engineering Limited (ASX: ANG)
has announced a major downgrade to its FY26 outlook as revenue guidance was cut to $370–$380 million from $390–$410 million and EBIT slashed to $30–$34 million from $40–$46 million.
Operational disruptions across Chile and Indonesia have weakened margins along with lower Australian coal demand.
Rapid North American expansion brought sales growth but also labour inefficiencies and outsourcing costs which shows that growth has come at the expense of profitability.
With the company needing to rebuild execution confidence and margins under pressure across key regions, investors may prefer to stay cautious until signs of sustained turnaround become clear.
Develop Global Limited (ASX: DVP)
has raised a large amount of capital and despite progress at Woodlawn, the heavy need for funding is becoming a concern for investors.
The company reported $9.3 million operating cash outflow for the September quarter as production ramp-up costs and staffing expenses continue to weigh on the business.
Cash increased to $203.8 million due to fund raising which caused significant dilution and Woodlawn is forecasted to hit nameplate capacity of 850ktpa in the March 2026 quarter.
The stock has dipped, so it may be better for investors to stay patient and wait for a clear operational turnaround.
Horizon Minerals Limited (ASX: HRZ)
continues to generate gold revenue from Boorara and Phillips but the operational momentum hasn’t yet translated into clear investor confidence.
The company generated $35.8 million from Boorara and $12.2 million from Phillips and on the balance sheet side, HRZ ended the quarter with $34.4 million cash after raising $18.2 million via share issuance pointing to ongoing dilution and reliance on external funding.
Exploration at Burbanks is promising but the Black Swan refinery conversion and mine development still requires significant capital and time before contributing meaningfully.
Given the capital intensity and operational challenges, investors may prefer to step aside for now and wait until Horizon delivers sustained profitability.
(Source: Company Announcements)
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