{"id":58424,"date":"2011-07-08T10:46:19","date_gmt":"2011-07-08T00:46:19","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/07\/08\/icarus-signal-new-entries-for-today-34\/"},"modified":"2011-07-08T10:46:19","modified_gmt":"2011-07-08T00:46:19","slug":"icarus-signal-new-entries-for-today-34","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/07\/08\/icarus-signal-new-entries-for-today-34\/","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<\/span><\/p>\n

\n\tMonadelphous<\/span> ((MND<\/span>)) is back! A strong performance in yesterday's session has pushed shares in one of the market's most favourite<\/span> exposures to the upcoming capex<\/span> tsunami back within 1% of consensus target. If history is any guidance it won't be long before Icarus<\/span> welcomes Monadelphous<\/span> among the stocks trading above target. Clearly the return of risk appetite is pushing the capex<\/span> leverage firmly back on investors' radar with smaller peers such as Nomad Building Solutions ((NOD)) and MacMahon<\/span> Holdings ((MAH<\/span>)) also joining the list of stocks within reach of consensus target.<\/p>\n

\n\tNote that several of similar companies are already trading above target: GR Engineering Services ((GNG)), Walter Diversified Services ((WDS)), Lycopodium ((LYL)), Crane Group ((CRG)) and Matrix Composites & Engineering ((MCE)).<\/p>\n

\n\tOne other stocks that joined the group trading close to target is Treasury Wine Estates ((TWE<\/span>)) which has become a perpetual yoyo<\/span> carried by continuous take-over speculation amidst ongoing doom and gloom for the international wine sector in general. TWE<\/span> and the three mentioned earlier are joined by dividend play ING<\/span> Office Fund ((IOF<\/span>)).<\/p>\n

\n\tRegis Resources ((RRL<\/span>)) received a downgrade in recommendation from Deutsche Bank but that didn't stop the shares from surging above target. Regis was joined by Wotif.com<\/span> ((WTF)), a regular in Icarus<\/span> updates, and by Murchison<\/span> Metals ((MMX<\/span>)). The latter is now trading above target because stockbrokers have been cutting and slicing. Note there is no broker left that rates the stock as a Buy.<\/p>\n

\n\tThere are 25 stocks trading above target, while the group listing stocks below but close to target has shrunk to 11. Amongst the latter are 4 dividend plays. Four other dividend plays are in the group above target.<\/p>\n

\n\tNow that Monadelphous is back on Icarus radar, the obvious question to ask is where is Iress ((IRE))?<\/p>\n

\n\tFor those new to the daily Icarus updates: it wasn't that long ago that both Monadelphous and Iress were trading above target for quite some time, prior to both starting to yoyo in between below and above target, after which both received a firm rejection, falling to lower share prices.<\/p>\n

\n\tAnswer: Iress shares are progressing higher as well, but they are still more than 4% below consensus target. How long before they will catch up with Monadelphous?<\/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\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 IOF<\/span><\/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$ 0.67<\/td>\n\n\t\t\t\t\t\t\t\t2.92%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t MAH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.58<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.59<\/td>\n\n\t\t\t\t\t\t\t\t2.61%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t MND<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 18.89<\/td>\n\n\t\t\t\t\t\t\t\t$ 19.07<\/td>\n\n\t\t\t\t\t\t\t\t0.96%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t NOD<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.10<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.10<\/td>\n\n\t\t\t\t\t\t\t\t0.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\t TWE<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.46<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.47<\/td>\n\n\t\t\t\t\t\t\t\t0.20%<\/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\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 MMX<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.71<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.56<\/td>\n\n\t\t\t\t\t\t\t\t– 21.13%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t RRL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.59<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.56<\/td>\n\n\t\t\t\t\t\t\t\t– 1.16%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t WTF<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 5.03<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.02<\/td>\n\n\t\t\t\t\t\t\t\t– 0.12%<\/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\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 NXS<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.30<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.47<\/td>\n\n\t\t\t\t\t\t\t\t56.67%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t REX<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.83<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.25<\/td>\n\n\t\t\t\t\t\t\t\t50.60%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t SAR<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.60<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.90<\/td>\n\n\t\t\t\t\t\t\t\t51.26%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTo see the full Icarus<\/span> 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><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n

\n\tFind out why FNArena<\/span><\/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\/58424"}],"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=58424"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58424\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}