{"id":58614,"date":"2011-08-04T10:42:02","date_gmt":"2011-08-04T00:42:02","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/08\/04\/icarus-signal-new-entries-for-today-53\/"},"modified":"2017-01-30T13:45:49","modified_gmt":"2017-01-30T02:45:49","slug":"icarus-signal-new-entries-for-today-53","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/08\/04\/icarus-signal-new-entries-for-today-53\/","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\tIt is my observation this year's annual Diggers and Dealers conference in Kalgoorlie<\/span> is directly responsible for some remarkable price action amongst smaller mining stocks. Some presentations over in Western Australia are obviously well-received and result in media coverage on Australia's east coast. Observe, for example, how the share price for Sandfire<\/span> Resources ((SFR)) spiked this week until it nearly matched the consensus price target. Today, Sandfire<\/span> leaves the table of stocks trading close to target as yesterday's price action involved some serious selling. Does this count as a rejection? Only time will tell.<\/p>\n

\n\tToday we also found out that JP Morgan analysts decided to initiate coverage on three new copper plays in the Australian share market, and Sandfire<\/span> was amongst them. Given this week's spike, it comes as no surprise JP Morgan initiated on a rather subdued note, arguing the share price had run up too far. Note JP Morgan's price target is below the other targets already in our database, so there is downward pressure on the consensus target.<\/p>\n

\n\tYesterday also saw the emergence of Alacer<\/span> Gold ((AQG<\/span>)) on Icarus<\/span>' radar as the share price closed within 1.7% of the consensus price target. Equally to Sandfire<\/span>, Alacer<\/span> presented at the D&D and this has resulted in media coverage on the east coast, but to our knowledge not to any initiations by major stockbrokerages.<\/p>\n

\n\tYesterday's heavy selling also pushed Monadelpous<\/span> ((MND<\/span>)) shares back under target – for how long?<\/p>\n

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

\n\tNote the number of stocks trading in the vicinity of target has been decimated to 9 only, of which 6 newcomers. Five out of these six come from trading above target. That leaves Alacer<\/span> Gold as the only genuine newcomer today.<\/p>\n

\n\tThere are now 23 stocks trading above target and Melbourne IT ((MLB)) is the only one that managed to join after yesterday's down, down, down, all prices are down-day on the local share market. As the share market opened lower today, we'd be surprised to see even more changes taking place by tomorrow. Let's find out shall we?<\/p>\n

\n\tIn the meantime, and probably to nobody's surprise, OneSteel<\/span> ((OST<\/span>)) has finally made it to the Bottom 50, together with Jetset<\/span> Travelworld<\/span> ((JET)) and FKP<\/span> property ((FKP<\/span>)).<\/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\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 AQG<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 9.20<\/td>\n\n\t\t\t\t\t\t\t\t$ 9.36<\/td>\n\n\t\t\t\t\t\t\t\t1.77%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t FGL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 5.01<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.02<\/td>\n\n\t\t\t\t\t\t\t\t0.14%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t LYL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 5.90<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.98<\/td>\n\n\t\t\t\t\t\t\t\t1.36%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/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$ 18.44<\/td>\n\n\t\t\t\t\t\t\t\t$ 18.81<\/td>\n\n\t\t\t\t\t\t\t\t2.01%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/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$ 4.11<\/td>\n\n\t\t\t\t\t\t\t\t$ 4.18<\/td>\n\n\t\t\t\t\t\t\t\t1.65%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t6<\/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\t2.04%<\/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 MLB<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.78<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.78<\/td>\n\n\t\t\t\t\t\t\t\t– 0.28%<\/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 FKP<\/span><\/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$ 0.92<\/td>\n\n\t\t\t\t\t\t\t\t52.67%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t JET<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.76<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.15<\/td>\n\n\t\t\t\t\t\t\t\t52.32%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t OST<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.66<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.52<\/td>\n\n\t\t\t\t\t\t\t\t51.87%<\/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\/58614"}],"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=58614"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58614\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}