{"id":58753,"date":"2011-08-29T10:41:16","date_gmt":"2011-08-29T00:41:16","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/08\/29\/icarus-signal-new-entries-for-today-63\/"},"modified":"2011-08-29T10:41:16","modified_gmt":"2011-08-29T00:41:16","slug":"icarus-signal-new-entries-for-today-63","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/08\/29\/icarus-signal-new-entries-for-today-63\/","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\tMarket intelligence? Shares in local funds manager Perpetual ((PPT<\/span>)) soared by more than 10% after the company released its FY11<\/span> financials on Friday, but stockbrokers have remained unperturbed in the aftermath of the event. The actual results are considered weak, though the dividend and share buyback seem to have taken many by surprise. However, as the outlook is seen as challenging, still, and with price targets tumbling post the event, how does this compare with the market's sudden burst of enthusiasm?<\/p>\n

\n\tWell, Icarus<\/span> tells us the shares are now firmly above stockbroker price targets so it'll be interesting to observe how long the newfound attractiveness for Perpetual shares might last, to say the least.<\/p>\n

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

\n\tPerpetual was the sole stock that freshly joined the group of stocks trading above target on Friday. This group covers the likes of Cochlear ((COH<\/span>)), Monadelphous<\/span> ((MND<\/span>)), Alacer<\/span> Gold ((AQG<\/span>)) and Matrix Composites and Engineering ((MCE<\/span>)), plus fourteen others (19 in total). There are now 13 stocks trading close but still below target, but churn in this group is high because of fresh take-over action, falling targets and rapidly moving share prices.<\/p>\n

\n\tThe Bottom 50 now welcomes Alesco<\/span> ((ALS)) which had to lower expectations only one month after releasing FY11<\/span> financials, usually not a sign of strength (euphemism). Stockbrokers have responded by downgrading their ratings and targets. BlueScope<\/span> Steel ((BSL<\/span>)) and Photon Group ((PGA)) are in this group of stocks as well.<\/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\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 CNA<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 122.02<\/td>\n\n\t\t\t\t\t\t\t\t$ 123.50<\/td>\n\n\t\t\t\t\t\t\t\t1.21%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t ENV<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.68<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.69<\/td>\n\n\t\t\t\t\t\t\t\t1.47%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t KCN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 9.24<\/td>\n\n\t\t\t\t\t\t\t\t$ 9.46<\/td>\n\n\t\t\t\t\t\t\t\t2.34%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/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$ 6.36<\/td>\n\n\t\t\t\t\t\t\t\t$ 6.36<\/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 PRU<\/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$ 3.51<\/td>\n\n\t\t\t\t\t\t\t\t1.39%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\t\t\t SDM<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.15<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.19<\/td>\n\n\t\t\t\t\t\t\t\t2.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t\t\t SPN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.94<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.96<\/td>\n\n\t\t\t\t\t\t\t\t2.78%<\/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 PPT<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 26.54<\/td>\n\n\t\t\t\t\t\t\t\t$ 25.82<\/td>\n\n\t\t\t\t\t\t\t\t– 2.70%<\/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 ALS<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.79<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.35<\/td>\n\n\t\t\t\t\t\t\t\t87.68%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t BSL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.82<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.37<\/td>\n\n\t\t\t\t\t\t\t\t67.44%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t PGA<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.04<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.06<\/td>\n\n\t\t\t\t\t\t\t\t62.16%<\/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\/58753"}],"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=58753"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58753\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}