AUSTRALIAN COMPANY NEWS BITES
STOCK REPORT
Finders Resources Limited (ASX:FND), Australia's 132nd largest materials company by market capitalisation, climbed 1.0c (or 5.0%) to close at 21.0c. Compared with the All Ordinaries Index, which rose 17.6 points (or 0.3%) on the day, this was a relative price change of 4.7%. The volume was 0.3 times the average trading of 165,690 shares.
Bullish Signals
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.9. Compared with the rest of the market the stock is undervalued.
Description | Value | Rank In Market |
Price Change % | 5.0 | In Top Quartile |
Bearish Signals
- The present value of $1,000 (PV$1000) invested one year ago is $457, for a capital loss of $543.
PV$1000 | 1-week | 1-month | 1-year |
FND.ASX | 955 | 1,000 | 457 |
All Ordinaries Index | 1,009 | 1,032 | 1,265 |
Fundamental measures by comparison with the sector average [in brackets] indicate Overvaluation:
- Price to Book of 2.6 [2.3].
Note
Volume: there were 49,170 shares worth $10,326 traded.
Beta: the Beta of this stock is 1.1. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.
- It is at a discount of 55.3% to the 12-month high of 47.0c on 08 Mar, 2012. It is also at a premium of 61.5% to the 12-month low of 13.0c on 11 Dec, 2012.
Description | Value | Rank In Market |
MCap | US$68.7 million | In 2nd Quartile |
COMPANY ANNOUNCEMENTS
The last 7 company announcements are:
February 18: Straits Mineral below 5% in Finders Resources
Straits Mineral Investments Ltd sold down to below 5% in Finders Resources Ltd on February 15, 2013, ceasing to be a substantial shareholder.
February 18: Finders Resources substantial shareholder sells
Finders Resources (FND.AU) substantial shareholder Straits Mineral Investments Pty Ltd sold 26,100,000 shares worth approximately $5.5 million on February 15, 2013. The selling price was 20.0c.
February 08: Finders Resources: In-principle Forestry Permit Granted
[Company Release]In-principle Forestry Permit GrantedKey Milestone for Wetar Copper Project???? Finders Resources Limited (ASX: FND) ("Finders") is pleased to announce that the in-principle permit or "Izin Prinsip" relating to the Wetar Copper Project was granted by the Forestry Department on 8th Feb 2013.???? The permit approves the use of forest land for copper production operations and supporting facilities subject to the completion of a number of administrative steps, below.
February 05: Finders Resources : Commonwealth Bank selected to join Banking Syndicate
[Company Release]Commonwealth Bank selected to join Banking SyndicateFinders Resources Limited (ASX: FND) ("Finders") is pleased to announce that it has selected Commonwealth Bank of Australia ("CBA") to join its banking syndicate.???????? In December 2011, Finders received credit approval for US$138 million of bank facilities from a syndicate consisting of Barclays, Credit Suisse and Standard Bank.????In December 2012, Finders was advised by Standard Bank that it had made a strategic decision to focus solely on African-related project finance and that it would no longer be able to participate in the syndicate.
January 31: Finders Resources : Quarterly Activities and Cash Flow Reports December 2012
[Company Release] http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/199585.pdf
January 31: Finders Resources increases issued capital by 6.6%
Finders Resources (FND.AU) has announced an increase of 19,700,000 shares (or 6.6%) in total share on issue from 298,598,636 to 318,298,636. The effective date is 30 Jan, 2013.
January 21: Acorn Capital buys 18.8m Finders Resources shares
Acorn Capital Ltd bought 18,817,024 Finders Resources Ltd shares between November 26, 2009 and December 31, 2012, increasing from 20,354,686 shares (11.29%) to 39,171,710 shares (13.12%).
ISIN: AU000000FND9
AU:FND; ASX:FND; AX:FND;
Source: www.BuySellSignals.com
