##{"id":58233,"date":"2011-06-01T10:47:17","date_gmt":"2011-06-01T00:47:17","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/06\/01\/icarus-signal-new-entries-for-today-9\/"},"modified":"2011-06-01T10:47:17","modified_gmt":"2011-06-01T00:47:17","slug":"icarus-signal-new-entries-for-today-9","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/06\/01\/icarus-signal-new-entries-for-today-9\/","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\tAmazing how much difference a few days of recovering share prices can make. Note: recommendation upgrades are no longer outnumbering downgrades. As far as the Icarus Signal goes, plenty of movements to pay attention to.<\/p>\n

\n\tInternet services provider Melbourne IT ((MLB)) is the obvious choice to highlight with the share price weakening in recent days. Management has flagged a weak performance for H1 FY11 and the market has been quickly losing its appetite. Also, the shares were blissfully holding up while securities analysts had started to cut forecasts and targets, and this has now been corrected. It's not your every day typical Icarus Signal, but the end result is still the same.<\/p>\n

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

\n\tMelbourne IT shares are the only newcomer in the list of stocks trading close, but below, consensus price target due to persistent weakness. All other newcomers today do so on the basis of strength. These include Spotless ((SPT)) -in play-, Lynas ((LYC)), Challenger Diversified ((CDI)), Qube Logistics ((QUB)), Aquila Resources ((AQA)), Brambles ((BXB)) and Primary Health Care ((PRY)). I'd say the emergence of Qube is further proof investors continue looking for best ways to play the upcoming capex tsunami from next year onwards.<\/p>\n

\n\tAustralian Pharmaceutical Industries ((API)) has disappeared from this group following another big sell-off yesterday. EDT Retail Trust ((EDT)), Equinox ((EQN)) -in play- and Medusa Mining ((MML)) all moved above target. They join Linc ((LNC)) among the stocks trading above target. Linc shares put in a huge performance yesterday.<\/p>\n

\n\tAgain, a special mentioning goes out regarding OZ Minerals ((OZL)). The shares are trading in between a 1-for-10 consolidation and while FNArena has adjusted forecasts and targets, the transition on the share market is causing havoc with our signals and rankings. This will normalise shortly as OZ Minerals shares will start trading on post-consolidation basis.<\/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\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\tAQA<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 8.87<\/td>\n\n\t\t\t\t\t\t\t\t$ 9.09<\/td>\n\n\t\t\t\t\t\t\t\t2.51%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\tBXB<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 7.36<\/td>\n\n\t\t\t\t\t\t\t\t$ 7.57<\/td>\n\n\t\t\t\t\t\t\t\t2.83%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\tCDI<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.55<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.56<\/td>\n\n\t\t\t\t\t\t\t\t2.36%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\tLYC<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.34<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.38<\/td>\n\n\t\t\t\t\t\t\t\t1.84%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\tMLB<\/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$ 1.78<\/td>\n\n\t\t\t\t\t\t\t\t0.28%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\t\t\tPRY<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.51<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.61<\/td>\n\n\t\t\t\t\t\t\t\t2.96%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t\t\tQUB<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.66<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.70<\/td>\n\n\t\t\t\t\t\t\t\t2.41%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\t\t\tSPT<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.40<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.42<\/td>\n\n\t\t\t\t\t\t\t\t0.83%<\/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\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\tEDT<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.09<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.09<\/td>\n\n\t\t\t\t\t\t\t\t– 1.10%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\tEQN<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 7.68<\/td>\n\n\t\t\t\t\t\t\t\t$ 7.60<\/td>\n\n\t\t\t\t\t\t\t\t– 0.99%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\tLNC<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.28<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.25<\/td>\n\n\t\t\t\t\t\t\t\t– 0.91%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\tMML<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 8.51<\/td>\n\n\t\t\t\t\t\t\t\t$ 8.40<\/td>\n\n\t\t\t\t\t\t\t\t– 1.29%<\/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\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\tACL<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.69<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.30<\/td>\n\n\t\t\t\t\t\t\t\t89.78%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\tCSV<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.90<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.33<\/td>\n\n\t\t\t\t\t\t\t\t47.56%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\tozl<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.35<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.43<\/td>\n\n\t\t\t\t\t\t\t\t155.32%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\tTPI<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.93<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.40<\/td>\n\n\t\t\t\t\t\t\t\t51.35%<\/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":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58233"}],"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=58233"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58233\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}