{"id":58255,"date":"2011-06-06T12:07:45","date_gmt":"2011-06-06T02:07:45","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/06\/06\/icarus-signal-new-entries-for-today-11\/"},"modified":"2011-06-06T12:07:45","modified_gmt":"2011-06-06T02:07:45","slug":"icarus-signal-new-entries-for-today-11","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/06\/06\/icarus-signal-new-entries-for-today-11\/","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\tOn Friday I highlighted Cochlear ((COH)) as one classic examply as to why investors should keep an eye on valuations and price targets. One other classic case of "Icarus" is provided by online bookings services provider Wotif.com ((WTF)). Similar as with Cochlear, I have long been warning investors about the lofty share price and the rather subdued earnings growth for the company; a combination that seldom remains unpunished. Wotif shares rallied to $8 in April 2010, they subsequently corrected to below $4.50 in the following six months.<\/p>\n

\n\tThis year the shares rallied back to $5.70, which again was much higher than where stockbroker targets saw value, and guess what? The shares have corrected back to $4.90, below consensus price target of $5.02. Taking guidance from history, it is likely Wotif shares will continue trying to push above target and provide many more examples of "Icarus" than just the two that occurred in April 2010 and May-April this year.<\/p>\n

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

\n\tSeven new names, including Wotif.com, entered the list of stocks approaching targets on Friday. Three amongst those did so on the back of share price weakness: Catalpa ((CAH)) -in play-, DuluxGroup ((DLX)) and Lycopodium ((LYL)). Ansell ((ANN)) disappeared from the list due to share price weakness. It's a sign of the times.<\/p>\n

\n\tSo is the shrinking list of stocks trading above target. The tally stopped at 28 on Friday. A weaker share market in general on Monday will virtually guarantee this number will have shrunk further in tomorrow's daily update.<\/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\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$ 1.74<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.75<\/td>\n\n\t\t\t\t\t\t\t\t0.86%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t CEU<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.48<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.48<\/td>\n\n\t\t\t\t\t\t\t\t1.47%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t DLX<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.90<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.93<\/td>\n\n\t\t\t\t\t\t\t\t0.93%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t LYL<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 5.88<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.98<\/td>\n\n\t\t\t\t\t\t\t\t1.70%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\t MND<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 18.80<\/td>\n\n\t\t\t\t\t\t\t\t$ 19.23<\/td>\n\n\t\t\t\t\t\t\t\t2.28%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\t\t\t MSF<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.02<\/td>\n\n\t\t\t\t\t\t\t\t$ 4.12<\/td>\n\n\t\t\t\t\t\t\t\t2.49%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t\t\t WTF<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.98<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.02<\/td>\n\n\t\t\t\t\t\t\t\t0.88%<\/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\t COH<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 76.68<\/td>\n\n\t\t\t\t\t\t\t\t$ 75.61<\/td>\n\n\t\t\t\t\t\t\t\t– 1.40%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t GNG<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.00<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.94<\/td>\n\n\t\t\t\t\t\t\t\t– 3.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t ILU<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 15.85<\/td>\n\n\t\t\t\t\t\t\t\t$ 15.71<\/td>\n\n\t\t\t\t\t\t\t\t– 0.88%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t NUF<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 5.12<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.04<\/td>\n\n\t\t\t\t\t\t\t\t– 1.56%<\/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 DVN<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.23<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.34<\/td>\n\n\t\t\t\t\t\t\t\t51.11%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t SAR<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.65<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.00<\/td>\n\n\t\t\t\t\t\t\t\t55.04%<\/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\/58255"}],"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=58255"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58255\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}