{"id":58840,"date":"2011-09-14T11:58:11","date_gmt":"2011-09-14T01:58:11","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/09\/14\/icarus-signal-new-entries-for-today-73\/"},"modified":"2011-09-14T11:58:11","modified_gmt":"2011-09-14T01:58:11","slug":"icarus-signal-new-entries-for-today-73","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/09\/14\/icarus-signal-new-entries-for-today-73\/","title":{"rendered":"Icarus Signal New Entries For Today"},"content":{"rendered":"

\n\tDaily update on share prices and consensus price targets.<\/p>\n

\n\tEarlier in the year, Icarus<\/span> watched increasing popularity for Real Estate Property Trusts pushing up prices above targets, which made for a rather unusual cocktail. REITs<\/span> becoming too expensively priced? The world indeed has changed, and a lot!<\/p>\n

\n\tBut Mr Market's attention has shifted since then and there are at this point in time no REITs<\/span> on Icarus<\/span>' radar. Not one. Funny how "sentiment" more than anything else can have such a big influence, isn't it?<\/p>\n

\n\tA quick glance through some of the previous stars in the sector shows they all received firm rejections above target, sometimes more than one, and a gap has opened up since; one that doesn't appear about to be filled soon. The irony in this story is that for some of these REITs<\/span> market confidence in future earnings and dividend payouts has actually increased during the August reporting season, while price targets moved higher.<\/p>\n

\n\tTo illustrate my point, here's a chart for one such former market darling, Dexus<\/span> Property ((DXS<\/span>)). See what I mean? Admittedly, consensus forecasts are for no growth in the two years ahead and dividend yield is only 6.4%, but what then were investors thinking earlier in the year?<\/p>\n

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

\n\tToday, the "couleur<\/span> du jour" consists of gold miners, small ones by preference. There's quite some research available suggesting either that gold miners' shares will continue catching up on the gold price, or that the gold price has a lot further to run still, or both. Shares in Newcrest<\/span> ((NCM<\/span>)) haven't done much thus far this calendar year, but some of the smaller sector representatives have received a lot of attention recently.<\/p>\n

\n\tTurbulent times on the Australian share market this week have significantly re-shuffled Icarus<\/span>' lists with only 12 stocks left trading in the vicinity of their target and 15 others above target. As indicated above, the one consistent thread in September is gold stocks. We have Alacer<\/span> Gold ((AQG<\/span>)), Resolute Mining ((RSG<\/span>)) and St Barbara ((SBM<\/span>)) already trading above consensus targets while Regis ((RRL<\/span>)) and Perseus<\/span> ((PRU<\/span>)) are below but close to target. One wonders how long it will take for these two to join the first three? Unless, of course, gold finally sees that long awaited pull back.<\/p>\n

\n\tOne would have to say such a pull back would probably only mark a blip in an ongoing uptrend as market dynamics have definitely improved for gold, a fact re-iterated multiple times in various research reports that have come across my desk these past weeks.<\/p>\n

\n\tMeanwhile, Cochlear's ((COH<\/span>)) fall from above target to the Bottom 50 in a few trading sessions only is without any doubt the fastest reversal I have witnessed over the years.<\/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($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/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 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\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 TGR<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.36<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.36<\/td>\n\n\t\t\t\t\t\t\t\t0.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\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$ 18.80<\/td>\n\n\t\t\t\t\t\t\t\t$ 18.98<\/td>\n\n\t\t\t\t\t\t\t\t0.96%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t FGL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.90<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.00<\/td>\n\n\t\t\t\t\t\t\t\t1.96%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\t ARP<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 8.52<\/td>\n\n\t\t\t\t\t\t\t\t$ 8.70<\/td>\n\n\t\t\t\t\t\t\t\t2.11%<\/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$ 2.14<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.19<\/td>\n\n\t\t\t\t\t\t\t\t2.48%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t\t\t GNG<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.98<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.03<\/td>\n\n\t\t\t\t\t\t\t\t2.53%<\/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($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/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 MMX<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.57<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.56<\/td>\n\n\t\t\t\t\t\t\t\t– 0.88%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/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$ 3.41<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.38<\/td>\n\n\t\t\t\t\t\t\t\t– 1.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/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$ 60.10<\/td>\n\n\t\t\t\t\t\t\t\t$ 59.20<\/td>\n\n\t\t\t\t\t\t\t\t– 1.50%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t SDG<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.74<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.70<\/td>\n\n\t\t\t\t\t\t\t\t– 5.41%<\/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\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($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/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$ 0.51<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.85<\/td>\n\n\t\t\t\t\t\t\t\t65.88%<\/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\/58840"}],"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=58840"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58840\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}