{"id":58471,"date":"2011-07-18T11:22:59","date_gmt":"2011-07-18T01:22:59","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/07\/18\/icarus-signal-new-entries-for-today-39\/"},"modified":"2011-07-18T11:22:59","modified_gmt":"2011-07-18T01:22:59","slug":"icarus-signal-new-entries-for-today-39","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/07\/18\/icarus-signal-new-entries-for-today-39\/","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\tAccountancy software developer Reckon ((RKN<\/span>)) has regained the attention of investors amidst doom and gloom for retail-oriented industrials and sluggish progress for China-leveraged base materials and energy stocks. Shares in Reckon touched price levels above $2.70 in May -triggering an Icarus<\/span> Signal- and they quickly retreated to $2.20 since. In recent sessions Reckon shares are ostensibly back in favour<\/span>, hot on the heels of the company announcing it now has launched a cloud-solution for users of its software and cloud, as we all know, is the latest "must have" in technology land.<\/p>\n

\n\tReckon shares approached consensus target on Thursday, got knocked back on Friday, but are making a renewed effort to go for the target in a rather subdued market on Monday. The shares are not cheap, trading on 17.7x<\/span> times projected earnings per share for this year and on 15.6x<\/span> times projected EPS for FY12<\/span>, but the same can be said about McMillan Shakespeare ((MMS)). Clearly, investors do not mind paying up for high quality, resilient growth in a market that contains lots of shrapnel and bomb shells from the Big Consumer Fallout in Australia.<\/p>\n

\n\tNote shares in McMillan Shakespeare are finding the going tougher of late, despite still being at respectable distant from the consensus target and -equally important- on lower multiples and higher implied dividend yields than Reckon shares.<\/p>\n

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

\n\tRubber glove and condom manufacturer Ansell<\/span> ((ANN)) equally got knocked back on Friday. The list of stocks trading in the vicinity of consensus target now counts eight names with perpetual yoyos<\/span> Treasury Wine Estates ((TWE<\/span>)) and Austbrokers<\/span> ((AUB<\/span>)) making their re-entrance.<\/p>\n

\n\tThe list of stocks trading above target contains 24 names after the departure of Treasure Wines and Reckon.<\/p>\n

\n\tHorizon Oil ((HZN<\/span>)) makes its presence known in the Bottom 50.<\/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 TWE<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.45<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.47<\/td>\n\n\t\t\t\t\t\t\t\t0.49%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t AUB<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 6.45<\/td>\n\n\t\t\t\t\t\t\t\t$ 6.64<\/td>\n\n\t\t\t\t\t\t\t\t2.91%<\/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\t\t\t\t\t<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTop 50 Stocks Furthest from Consensus<\/h2>\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\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 HZN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.32<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.48<\/td>\n\n\t\t\t\t\t\t\t\t49.38%<\/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\/58471"}],"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=58471"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58471\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}