{"id":59925,"date":"2012-05-11T10:12:13","date_gmt":"2012-05-11T00:12:13","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/05\/11\/icarus-signal-new-entries-for-today-the-fnarena-market-indicator\/"},"modified":"2012-05-11T10:12:13","modified_gmt":"2012-05-11T00:12:13","slug":"icarus-signal-new-entries-for-today-the-fnarena-market-indicator","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/05\/11\/icarus-signal-new-entries-for-today-the-fnarena-market-indicator\/","title":{"rendered":"Icarus Signal New Entries For Today: The FNArena Market Indicator"},"content":{"rendered":"

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

\n\tBy Rudi Filapek-Vandyck<\/span>, Editor FNArena<\/span><\/p>\n

\n\tHow is my personal market indicator going? Very well, thanks for asking. As banks share prices ran above consensus price targets in the opening week of May, Icarus<\/span> started issuing warning signals and we did publish a few stories on the website. Plus I went on Financial TV last week again raising the subject of share market weakness becoming more likely than not.<\/p>\n

\n\tNo extra commentary is needed I presume now that we've seen the ASX200 lose close to 4% in only a few sessions? (Paying subscribers: please note the first of your e-booklets explains the how and why behind this market indicator).<\/p>\n

\n\tLet's have a look at what investors selling and the pay-out of one interim dividend has done to the share price of ANZ Bank ((ANZ)), arguably the hardest hit among the Big Four in Australia. From valuation-stretching to all of a sudden looking a lot more attractive, that's probably how the change in ANZ bank shares is best summed up. At yesterday's closing price, there's now a gap of no less than 10.7% in terms of share price vis-a-vis consensus target and that's on top of an implied dividend yield of 6.5-6.8% for the year ahead (we're in between two fiscal years). Note analysts also added some extras to their targets which adds to today's implied upside potential.<\/p>\n

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

\n\tInvestors are witnessing the true meaning of how a pullback does refresh the investment proposition on offer.<\/p>\n

\n\tANZ Bank has now -of course- disappeared from Icarus' radar. Investors should note both Westpac ((WBC)) and CommBank ((CBA)) are still near their targets, while National Australia Bank ((NAB)) remains the laggard.<\/p>\n

\n\tNo less than nine stocks have now attracted Icarus' attention as they all move closer and closer to target. These companies include Amcom Telecom ((AMM)), Campbell Bros ((CPB)) and Spark Infra ((SKI)). Note TPG Telecom ((TPM)) is there too, as is Envestra ((ENV)).<\/p>\n

\n\tAmongst the stock already trading above target we find Ardent Leisure ((AAD) -another dividend play- as well as ASG Group ((ASZ)) -yet another dividend play- and DUET ((DUE)) and CommBank… you get the idea. Invocare ((IVC)) is there too.<\/p>\n

\n\tThe Bottom Fifty is chock-a-block with resources stocks: Aquarius Platinum ((AQP)), BlueScope Steel ((BSL)), Resource Equipment ((RQL)), et cetera. I know, BlueScope is strictly taken not a resources company, but you get the idea.<\/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\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\tAMM<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.12<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.13<\/td>\n\n\t\t\t\t\t\t\t\t1.35%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\tAUT<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.84<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.85<\/td>\n\n\t\t\t\t\t\t\t\t0.36%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\tCPB<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 59.78<\/td>\n\n\t\t\t\t\t\t\t\t$ 60.21<\/td>\n\n\t\t\t\t\t\t\t\t0.72%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\tENV<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.79<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.79<\/td>\n\n\t\t\t\t\t\t\t\t0.89%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\tHIL<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.14<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.14<\/td>\n\n\t\t\t\t\t\t\t\t0.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\t\t\tPPT<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 23.87<\/td>\n\n\t\t\t\t\t\t\t\t$ 24.40<\/td>\n\n\t\t\t\t\t\t\t\t2.24%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t\t\tSKI<\/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$ 1.48<\/td>\n\n\t\t\t\t\t\t\t\t2.49%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\t\t\tTOL<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 5.67<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.77<\/td>\n\n\t\t\t\t\t\t\t\t1.78%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\t\t\tTPM<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.84<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.90<\/td>\n\n\t\t\t\t\t\t\t\t2.99%<\/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
\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\tAAD<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.34<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.33<\/td>\n\n\t\t\t\t\t\t\t\t– 0.52%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\tASZ<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.91<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.90<\/td>\n\n\t\t\t\t\t\t\t\t– 1.10%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\tCBA<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 51.87<\/td>\n\n\t\t\t\t\t\t\t\t$ 51.80<\/td>\n\n\t\t\t\t\t\t\t\t– 0.13%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\tDUE<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.90<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.86<\/td>\n\n\t\t\t\t\t\t\t\t– 2.06%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\tIVC<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 8.16<\/td>\n\n\t\t\t\t\t\t\t\t$ 8.15<\/td>\n\n\t\t\t\t\t\t\t\t– 0.15%<\/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($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/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\tAQP<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.73<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.00<\/td>\n\n\t\t\t\t\t\t\t\t73.41%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\tBSL<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.37<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.60<\/td>\n\n\t\t\t\t\t\t\t\t62.97%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\tRQL<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.39<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.67<\/td>\n\n\t\t\t\t\t\t\t\t72.73%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTo see the full Icarus 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>, but technical limitations are to blame.<\/em><\/strong><\/p>\n

\n\tFind out why FNArena<\/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. Today’s update looks into how FNArena’s proprietary market indicator has performed this month.<\/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\/59925"}],"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=59925"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59925\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}