{"id":58769,"date":"2011-08-31T15:44:29","date_gmt":"2011-08-31T05:44:29","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/08\/31\/icarus-signal-new-entries-for-today-65\/"},"modified":"2011-08-31T15:44:29","modified_gmt":"2011-08-31T05:44:29","slug":"icarus-signal-new-entries-for-today-65","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/08\/31\/icarus-signal-new-entries-for-today-65\/","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\tAnalyses<\/span> of past reporting season experiences has taught us, investors, that companies who do genuinely surprise with their financial report during reporting season are usually being rewarded via continued outperformance<\/span> for weeks, if not months past the event. Another measure for future outperformance<\/span> is whether a company increases its dividend. Increasing dividends is the opposite of cutting and thus showcases strength and confidence. Investors like that. Those stocks are more often than not rewarded with prolonged outperformance<\/span>.<\/p>\n

\n\tRealestate.com<\/span> ((REA)) has been one of stand-outs in August. Its financial report proved better than what most analysts had been expecting and strong growth was matched with a jump in dividends. That makes two times hurray for loyal shareholders. No surprise thus, the share price has been in a steep climb this month. After touching as low as $10 during the sell-offs in early August, the share price is now approaching $13. Alas, for those investors looking to join the bandwagon, consensus target is at $13.14 and that means the stock is now firmly on Icarus<\/span>' radar.<\/p>\n

\n\tTime to become a little more cautious? I think so, certainly. Even if one is not a big fan of the Icarus<\/span> Signal, the shares are now on a one year forward Price Earnings ratio above 20 while projected growth for the years ahead is for around 17% per annum.<\/p>\n

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

\n\tREA has now joined the likes of ARB<\/span> Corp ((ARP)), QR<\/span> National ((QRN<\/span>)) and Sedgman<\/span> ((SDM<\/span>)) in trading close but still below target, alongside other newcomers Warrnambool<\/span> Cheese ((WCB<\/span>)), Charter Hall Retail ((CQR<\/span>)), Charter Hall Office ((CQO<\/span>)) and -believe it or not- David Jones ((DJS)). There are murmurs in the market about the RBA<\/span> possibly being forced to start cutting official interest rates. Under such a scenario general wisdom has it the retailers, including David Jones, should be key beneficiaries. Others are talking about the Dogs of the Dow theory whereby yesterday's losers have become too cheap to ignore. Whatever the reason, David Jones is now back at consensus target.<\/p>\n

\n\tThere are 17 stocks trading close to target, while 26 others are above target, including Foster's ((FGL<\/span>)), Lycopodium<\/span> ((LYL<\/span>)), Port Bouvard<\/span> ((PBD<\/span>)) and Count Financial ((COU<\/span>)). Alert readers would have picked up that take-over action continues to dominate the Icarus<\/span> Signal tables. Lycopodium<\/span> has been one of the stand-out performers this reporting season too. Others, such as Port Bouvard<\/span> and Warrnambool<\/span> are only here because of falling targets. A detail best not ignored.<\/p>\n

\n\tAnother stand-out performer this reporting season, Macquarie Telecom ((MAQ<\/span>)) has now joined the Bottom 50. Which proves it is not always enough to perform well. When you're in the wrong industry, you are simply in the wrong industry. Investors still don't like telecom. Note that CSG<\/span> Group ((CSV)) has also joined the Bottom, as has Jetset<\/span> Travelworld<\/span> ((JET)) and Gindalbie<\/span> Metals ((GBG<\/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\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 WCB<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.05<\/td>\n\n\t\t\t\t\t\t\t\t$ 4.05<\/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 CQR<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.29<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.33<\/td>\n\n\t\t\t\t\t\t\t\t1.25%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t REA<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 12.97<\/td>\n\n\t\t\t\t\t\t\t\t$ 13.14<\/td>\n\n\t\t\t\t\t\t\t\t1.28%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/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$ 3.34<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.43<\/td>\n\n\t\t\t\t\t\t\t\t2.75%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\t DJS<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.98<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.07<\/td>\n\n\t\t\t\t\t\t\t\t2.85%<\/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\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 FGL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 5.03<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.00<\/td>\n\n\t\t\t\t\t\t\t\t– 0.68%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t LYL<\/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$ 6.36<\/td>\n\n\t\t\t\t\t\t\t\t– 1.40%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t PBD<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.05<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.05<\/td>\n\n\t\t\t\t\t\t\t\t– 1.96%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t COU<\/span><\/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$ 1.03<\/td>\n\n\t\t\t\t\t\t\t\t– 27.46%<\/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\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 JET<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.70<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.12<\/td>\n\n\t\t\t\t\t\t\t\t60.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t MAQ<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 8.50<\/td>\n\n\t\t\t\t\t\t\t\t$ 13.51<\/td>\n\n\t\t\t\t\t\t\t\t58.94%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t GBG<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.71<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.12<\/td>\n\n\t\t\t\t\t\t\t\t58.44%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t CSV<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.87<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.37<\/td>\n\n\t\t\t\t\t\t\t\t57.80%<\/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\/58769"}],"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=58769"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58769\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}