{"id":58508,"date":"2011-07-25T10:54:24","date_gmt":"2011-07-25T00:54:24","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/07\/25\/icarus-signal-new-entries-for-today-44\/"},"modified":"2011-07-25T10:54:24","modified_gmt":"2011-07-25T00:54:24","slug":"icarus-signal-new-entries-for-today-44","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/07\/25\/icarus-signal-new-entries-for-today-44\/","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. Having been firmly rejected above target in April, the shares have since spent most of their time yo-yo-ing<\/span> around price levels at or near consensus price target below $19. Consensus target and share price have now moved in opposite directions, leading to Monadelphous<\/span> shares again trading above target. This is rather familiar ground for the shares.<\/p>\n

\n\tStockbroker RBS<\/span>, for one, believes Monadelphous<\/span> deserves to trade where it is today. The stockbroker has come to the conclusion that Monadelphous<\/span> will be among the companies that will surprise to the upside in August. This will force analysts to raise their forecasts and one would assume this will have a commensurate impact on price targets too. To add conviction to their call, RBS<\/span> this morning opened a short term "Trading Buy" on the shares. Icarus<\/span> will be watching further developments closely.<\/p>\n

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

\n\tAnother stock that seems to be making a come-back is Cochlear ((COH<\/span>)). The shares peaked at $84 earlier in the year, and Icarus<\/span> was there to warn investors. The sell-down since has been both relentless and savagely. The shares appear to have bottomed below $70 recently. On Friday Cochlear shares made their re-entrance as a newcomer among stocks that are closing in on their price target. Note that analysts at Deutsche Bank recently upgraded to Hold on exactly that same expectation; shares have bottomed.<\/p>\n

\n\tStocks that joined Cochlear after Friday's price action are MacMahon<\/span> ((MAH<\/span>)), Whitehaven<\/span> Coal ((WHC<\/span>)), Beach Petroleum ((BPT<\/span>)), Austbrokers<\/span> ((AUB<\/span>)), DWS<\/span> Advanced Business Solutions ((DWS<\/span>)), Seven Group ((SVW<\/span>)), Ramsay Healthcare ((RHC<\/span>)), Wotif.com<\/span> ((WTF)) and Eastern Star Gas ((ESG<\/span>)).<\/p>\n

\n\tMonadelphous<\/span>' re-entry into the table of stocks trading above target is accompanied by Atlas Iron ((AGO)), Tabcorp<\/span> ((TAH<\/span>)), Charter Hall Retail REIT ((CQR)) and ConnecEast ((CEU)). Investors should note Eastern Star Gas and ConnectEast are trading on corporate take-over appeal, which could also apply to Tabcorp<\/span>.<\/p>\n

\n\tThere are now 21 stocks closing in on and trading in the vicinity of consensus targets. There are now 30 stocks trading above target.<\/p>\n

\n\tMastermyne Group ((MYE)), Industrea ((IDL)) and OceanaGold ((OGC)) make their presence known in the Bottom 50. Oceana will report half-yearly financial numbers on Thursday.<\/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\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 MAH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.59<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.59<\/td>\n\n\t\t\t\t\t\t\t\t0.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t WTF<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.87<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.00<\/td>\n\n\t\t\t\t\t\t\t\t2.73%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t SVW<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 9.68<\/td>\n\n\t\t\t\t\t\t\t\t$ 9.93<\/td>\n\n\t\t\t\t\t\t\t\t2.54%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t WHC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 6.61<\/td>\n\n\t\t\t\t\t\t\t\t$ 6.68<\/td>\n\n\t\t\t\t\t\t\t\t1.10%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\t BPT<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.07<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.09<\/td>\n\n\t\t\t\t\t\t\t\t1.50%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\t\t\t RHC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 18.31<\/td>\n\n\t\t\t\t\t\t\t\t$ 18.81<\/td>\n\n\t\t\t\t\t\t\t\t2.70%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t\t\t DWS<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.43<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.46<\/td>\n\n\t\t\t\t\t\t\t\t2.46%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t8<\/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$ 6.49<\/td>\n\n\t\t\t\t\t\t\t\t$ 6.64<\/td>\n\n\t\t\t\t\t\t\t\t2.28%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\t\t\t COH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 74.17<\/td>\n\n\t\t\t\t\t\t\t\t$ 75.96<\/td>\n\n\t\t\t\t\t\t\t\t2.41%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\t\t\t ESG<\/span><\/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$ 0.92<\/td>\n\n\t\t\t\t\t\t\t\t2.79%<\/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
\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 CQR<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.36<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.29<\/td>\n\n\t\t\t\t\t\t\t\t– 2.08%<\/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$ 0.55<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.48<\/td>\n\n\t\t\t\t\t\t\t\t– 11.93%<\/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$ 19.17<\/td>\n\n\t\t\t\t\t\t\t\t$ 18.81<\/td>\n\n\t\t\t\t\t\t\t\t– 1.88%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t TAH<\/span><\/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\t5<\/td>\n\n\t\t\t\t\t\t\t\t AGO<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.22<\/td>\n\n\t\t\t\t\t\t\t\t$ 4.19<\/td>\n\n\t\t\t\t\t\t\t\t– 0.64%<\/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 idl<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.31<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.92<\/td>\n\n\t\t\t\t\t\t\t\t46.79%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t MYE<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.42<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.12<\/td>\n\n\t\t\t\t\t\t\t\t49.30%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t OGC<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.83<\/td>\n\n\t\t\t\t\t\t\t\t$ 4.13<\/td>\n\n\t\t\t\t\t\t\t\t46.04%<\/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>, 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\/58508"}],"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=58508"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58508\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}