The share market rout that took place early this week, hammered almost every stock listed on the ASX. So we thought it would only be fitting to find two stocks that were caught up in the indiscriminate selling frenzy and are now looking heavily undervalued. In this article we find two stocks that have been hit hard last week and we think it’s a ‘buy the dip’ moment where investors should take this opportunity to purchase stocks that are undervalued. Here is a list of stocks in the ASX 300 over the last week ordered by the stocks that fell the most. We’ve only put up the top 30 stocks. But as you can see, over the week there were some rather large falls. The worst was from Amaysim (AYS), Flexigroup (FXL) and WiseTech (WTC) which was hammered by more than 12.00%. After that were the lithium/graphite miners Syrah Resources (SYR), Orocobre (ORE) and Lynas (LYC). From this list we’ve selected two stocks that we think have been unfairly savaged and have come back to attractive valuations. The first one is Ausdrill (ASL) and AFterPay Touch (APT). Ausdrill (ASL) – Is a diversified mining services company with key operations in Australia and Africa. The company looks after drill and blast services as well as grade control, water well drilling and equipment sales which includes hire and parts. Ausdrill provides load and haul and crusher feed services as well as specialist underground mining services in Africa. The Australian operations are primarily based in Western Australia and the African operations are primarily located in Ghana. The company’s equipment and services supplies business specialises in logistics services and the procurement and delivery of supplies to the exploration and mining industries. It has offices in Australia, the UK, South Africa, and in Ghana with Logistics Direct. The company’s major exposure is gold and copper with at least 65% of its revenue coming from major gold and copper mining operations in Africa. Secondary exposure is iron ore with about 25%-30% of revenue coming from large iron ore mines in Australia. Its contracts are with Kalgoorlie Consolidated Gold Mines, BHP, Resolute (RSG) and AngloGold Ashanti. On the downside the company is exposed to lower commodity prices and adverse weather which hamper earnings. Unconventional View: As you can see shares have fallen close to 12% just in the last week following the share market rout. The reason we think it’s a good buy, is because the company’s African business is booming. Last year was a good one for Australian mining services companies. Commodity prices recovered and were hitting yearly highs which led to a rise in mining activity. Mining services companies stood to benefit from this growing demand. Ausdrill’s relationships with mining clients in both Australia and…

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