##{"id":58225,"date":"2011-05-31T10:23:57","date_gmt":"2011-05-31T00:23:57","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/05\/31\/icarus-signal-new-entries-for-today-8\/"},"modified":"2011-05-31T10:23:57","modified_gmt":"2011-05-31T00:23:57","slug":"icarus-signal-new-entries-for-today-8","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/05\/31\/icarus-signal-new-entries-for-today-8\/","title":{"rendered":"Icarus Signal New Entries For Today"},"content":{"rendered":"

\n\tDaily update on share prices and consensus price targets.<\/p>\n

\n\tBy Rudi Filapek-Vandyck<\/p>\n

\n\tShares in manufacturer and designer of motor vehicle accessories, ARB Corp ((ARP)) have doubled over the past two years, but the PE multiple is now above 16 for a projected growth path of no more than 5% this year. Clearly, investors are banking on more good news in FY12 and they might get it in the form of 12.8% growth in earnings per share (consensus forecast). That places the shares today on a PE multiple of 14.6 (FY12). Not excessive, but not exactly cheap either.<\/p>\n

\n\t\"\"<\/p>\n

\n\tARB shares had rallied above consensus target in April, but they've pulled back since in what can be described as another classic example of the Icarus Signal. But the bulls are not giving up. They've pushed the share price back within reach of the target.<\/p>\n

\n\tARB and Equinox ((EQN)) are the two newcomers among stocks trading close to price target. Catalpa Resources ((CAH)) -in play- is the only newcomer trading above target, which is no surprise given general weakness in the Australian share market yesterday.<\/p>\n

\n\tA special mentioning goes out to OZ Minerals ((OZL)) whose 10-for-1 share consolidation is causing mayhem with FNArena's data and tables today. This should be corrected by tomorrow.<\/p>\n

\n\tKula Gold ((KGD)) and Ferraus ((FRS)) have joined the Bottom 50 of the Icarus Signal<\/p>\n

\n\tInvestors should consider the information and data are provided for research purposes only.<\/p>\n

\n\tStocks <3% Below Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Price($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\t ARP<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 8.00<\/td>\n\n\t\t\t\t\t\t\t\t$ 8.11<\/td>\n\n\t\t\t\t\t\t\t\t1.41%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t EQN<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 7.56<\/td>\n\n\t\t\t\t\t\t\t\t$ 7.60<\/td>\n\n\t\t\t\t\t\t\t\t0.58%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tStocks Above Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Price($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\t CAH<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.77<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.75<\/td>\n\n\t\t\t\t\t\t\t\t– 1.13%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTop 50 Stocks Furthest from Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Price($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\t FRS<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.79<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.15<\/td>\n\n\t\t\t\t\t\t\t\t46.50%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t KGD<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.72<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.55<\/td>\n\n\t\t\t\t\t\t\t\t48.26%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTo see the full Icarus Signal, please go to this link<\/a><\/p>\n

\n\tTechnical limitations<\/strong><\/p>\n

\n\tIf you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n

\n\tFind out why FNArena<\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/p>\n","protected":false},"excerpt":{"rendered":"

Daily update on share prices and consensus price targets.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[35,37],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58225"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=58225"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58225\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}