{"id":58515,"date":"2011-07-26T12:26:01","date_gmt":"2011-07-26T02:26:01","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/07\/26\/icarus-signal-new-entries-for-today-45\/"},"modified":"2011-07-26T12:26:01","modified_gmt":"2011-07-26T02:26:01","slug":"icarus-signal-new-entries-for-today-45","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/07\/26\/icarus-signal-new-entries-for-today-45\/","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\tTwo disappointing market updates from mid-tier oil and gas companies AWE ((AWE)) and Horizon Oil ((HRZ<\/span>)) have continued the rather nasty track record for the sector over the past five years, and that is that shareholders haven't had much fun for putting some of their faith in these companies in the light of crude oil trading well above US$100\/bbl<\/span> these days.<\/p>\n

\n\tMy favourite<\/span> observation regarding the sector remains that five years ago share prices were higher than where they are today, and that observation also applies to the bigger players in the sector, Woodside ((WPL<\/span>)) and Santos ((STO<\/span>)). While short term traders can have a lot of fun with these stocks, it has been a tough and disappointing road for shareholders.<\/p>\n

\n\tAWE and Horizon have now again made their presence known in the Bottom 50 of the Icarus<\/span> Signal. As often pointed out, while this implies both stocks are trading well below intrinsic valuation, it also signals the market refuses to show any faith given the long legacy of disappointments. Beware for value traps, it is a real and present danger. On the other hand, this is where a lot of sudden volatility can be found and some market participants like it.<\/p>\n

\n\tJoining AWE and Horizon in the Bottom 50 after yesterday's price action are Watpac<\/span> ((WTP<\/span>)), Challenger Infra Fund ((CIF)) and Cockatoo Coal ((COK<\/span>)). In all cases the market will have big question marks, enough to price the shares at a large discount. In Cockatoo Coal's case, wet weather has caused havoc and earnings estimates have come down considerably, but will it all be enough? And what about extra funding needs? Investors should always remember there is a very good reason why stocks trade at discounts of 40% and more to price targets – it's called risk.<\/p>\n

\n\tMeanwhile, among stocks that are faring much better, no less than nine (9) stocks disappeared from the list trading close to consensus target yesterday, and only one did so on share price strength: Treasury Wine Estates ((TWE<\/span>)). It's clear part of the market cannot let go of the company's corporate appeal, but why does this translate into yo-yo-ing<\/span> in between Icarus<\/span> tables on a regular basis?<\/p>\n

\n\tThese nine were replaced with only four newcomers, so the total number of stocks trading in the vicinity of target now counts 15 names. Newcomers are Charter Hall Retail REIT ((CQO<\/span>)) and Charter Hall ((CHC<\/span>)), probably indicating part of the market is having a lot of fun with the ongoing saga at the retail trust, as well as Metcash<\/span> ((MTS<\/span>)) and Aston Resources ((AZT<\/span>)). Metcash<\/span> is a high yielding supermarket operator in conflict with the ACCC<\/span> over the acquisition of Franklins<\/span> operations. Aston Resources has put on a big rally recently, but for now, with consensus price target in sight, it would appear investors are getting a little bit more cautious.<\/p>\n

\n\tIt has been a big run for Aston, with the share price rallying from below $9 to above $11 – and it all happened this month!<\/p>\n

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

\n\tThere are now 28 stocks trading target and as said above, only Treasury Wine Estates rejoined, with Metcash<\/span> and the two Charter Hall securities dropping back to the list of stocks trading close to, but below target.<\/p>\n

\n\tIn an interesting twist to the upcoming reporting season, it has been observed recent ASIC<\/span> shorts data signal investors are getting shorter on QR<\/span> National ((QRN<\/span>)) and on Boral<\/span> ((BLD<\/span>)). Something to keep an eye on?<\/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\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 AZT<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 11.23<\/td>\n\n\t\t\t\t\t\t\t\t$ 11.53<\/td>\n\n\t\t\t\t\t\t\t\t2.67%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t CQO<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.39<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.43<\/td>\n\n\t\t\t\t\t\t\t\t1.21%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t CQR<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.26<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.29<\/td>\n\n\t\t\t\t\t\t\t\t0.92%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t MTS<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.15<\/td>\n\n\t\t\t\t\t\t\t\t$ 4.18<\/td>\n\n\t\t\t\t\t\t\t\t0.67%<\/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\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$ 3.51<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.47<\/td>\n\n\t\t\t\t\t\t\t\t– 1.23%<\/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
\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 AWE<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.33<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.99<\/td>\n\n\t\t\t\t\t\t\t\t49.89%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t CIF<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.99<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.48<\/td>\n\n\t\t\t\t\t\t\t\t49.80%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t COK<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.45<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.66<\/td>\n\n\t\t\t\t\t\t\t\t46.67%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/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$ 0.33<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.49<\/td>\n\n\t\t\t\t\t\t\t\t46.97%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\t WTP<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.45<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.15<\/td>\n\n\t\t\t\t\t\t\t\t48.28%<\/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\/58515"}],"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=58515"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58515\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}