AUSTRALIAN COMPANY NEWS BITES
STOCK REPORT
Firestone Energy Limited (ASX:FSE) plummeted 0.10c (or 14.3%) from its last traded date of March 08, 2013 to close at 0.60c. Compared with the All Ordinaries Index, which fell 24.3 points (or 0.5%) on the day, this was a relative price change of -13.8%. The volume was 0.4 times the average trading of 1.3 million shares.
Bearish Signals
Significant Downtrend
- The stock continues its significant downtrend.
- The stock dropped 14.3% on high volatility today.
- The stock dropped to a nine-month low.
- Falls to Rises: in the past month the number of falls outnumbered rises 5:3 or 1.7:1.
- The price plummeted 14.3% in the last week and 25.0% in the last month.
- The present value of $1,000 (PV$1000) invested one year ago is $750, for a capital loss of $250.
PV$1000 | 1-week | 1-month | 1-year |
FSE.ASX | 857 | 750 | 750 |
All Ordinaries Index | 1,009 | 1,031 | 1,258 |
Description | Value | Rank In Market |
Relative Strength (6M) | 22 | In Bottom Quartile |
Price/MAP200 | 0.73 | In Bottom Quartile |
Price/MAP50 | 0.68 | In Bottom Quartile |
Volatility % | 16.7 | In Bottom 4% |
Price Change % | -14.3 | In Bottom 3% |
Bullish Signals
Fundamental measures by comparison with the sector average [in brackets] indicate Undervaluation:
- Price to Book of 0.4 [2.3]. We estimate the shares are trading at a current year Price to Book of 0.4 and a forward year Price to Book of 0.4.
Other Bullish Signals:
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.3. Compared with the rest of the market the stock is undervalued and ranks in the top 9% of stock by value of Q Ratio.
Description | Value | Rank In Market |
Price to Book Value | 0.4 | In Top Quartile |
Note
Volume: there were 499,867 shares worth $3,199 traded.
Description | Value | Rank In Market |
MCap | US$21.9 million | In 3rd Quartile |
COMPANY ANNOUNCEMENTS
The last 7 company announcements are:
March 08: Firestone Energy: Further Extension of Time Granted for Target Statement
[Company Release]Firestone Energy Limited (ASX/JSE: FSE) (the "Company" or "Firestone") has reaffirmed its advice to shareholders to TAKE NO ACTION on the proposed offmarket takeover offer from Range River Gold Limited (ASX: RNG) ("Offer") until they have received and considered the Target's Statement.Firestone advises that the Australian Securities and Investments Commission will grant Firestone relief to amend the timetable for despatching its Target's Statement to Firestone shareholders.
March 08: Firestone December 2012 Half Year Report
[Company Release] http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/206690.pdf
March 04: Firestone Energy: Update on Second Completion of Financing Transaction
[Company Release]Firestone Energy Limited (ASX/JSE: FSE) (the "Company" or "Firestone") wishes to advise that the second stage of Completion of the financing to be provided by Ariona SA ("Ariona") through the issue of new secured convertible notes scheduled to occur on 28 February 2013, did not take place on that day.The Company and Ariona are currently in discussions in relation to the rescheduling of second stage of completion.
March 04: Firestone Energy: Resignation of Director Mr D. Hillier and Appendix 3Z
Firestone Energy Limited (ASX/JSE: FSE) (the "Company" or "Firestone") wishes to advise that Mr.David Hillier has resigned from the position of Non Executive Director of the Company.The Company thanks Mr.Hillier for his contributions and wishes him well for the future. http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/205789.pdf
March 01: Firestone Energy: Correction to Extension of time Announcement
[Company Release] http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/205495.pdf
February 28: Firestone Energy to be reinstated
Firestone Energy to be reinstated on March 04,2013.
February 28: Firestone Energy: Trading Halt Request
http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/205004.pdf
ISIN: AU000000FSE6
AU:FSE; ASX:FSE; AX:FSE;
Source: www.BuySellSignals.com
