AUSTRALIAN COMPANY NEWS BITES
MARKET REPORT
[in descending order of MCap; figures in brackets show price change in %, % discount to 52-week high, and Present Value of 1000 invested a year ago in the local currency; company vs sector with sector average in brackets]
UPDATE: Computershare substantial shareholder sells; shares at a five-day low [1.5%, 0.7%, $1,382]
Its MCap is $6 billion at the last price of $10.88. The price is at a premium of 7.7% to the 1-month volume weighted average price of $10.10. Given that this premium has been under 7.7% two hundred thirty-nine times and over 7.7% thirteen times in the last year, the downside:upside probability is estimated at 239:13 or 18.4:1. The stock is trading above both its MAPs and the 50-day MAP of $10.08 is higher than the 200-day MAP of $8.72, a bullish indicator. The 200-day MAP has increased to $8.72. An increase is another bullish indicator.
UPDATE: Spark Infrastructure Group substantial shareholder sells; shares at a six-day low [3.8%, 8.3%, $1,296]
Its MCap is $2 billion at the last price of $1.65. The unit traded between an intraday low of $1.58 and fifteen-day high of $1.65. The price range has expanded in the last two days (from 2.0c two days ago to 7.0c today) which, accompanied by a price rise, is a bullish signal. Today its volatility of 4.4% was 1.6 times its average volatility of 2.8%. A price rise on high volatility is a bullish signal. The average daily volatility of 2.0% places the unit in the 4th quartile in the market meaning it is least volatile. The 50-day MAP of $1.68 is higher than the 200-day MAP of $1.62, a bullish indicator. Price/Earnings of 11.5 [42.9]; The Price to Book of 1.4 [2.8]; Dividend Yield of 9.6% [5.4%].
UPDATE: Transpacific Industries Group substantial shareholder sells [-1.0%, 3.5%, $1,258]
Its MCap is $1.5 billion at the last price of 97.50c. The stock traded between an intraday low of 95.50c and a high of 99.0c, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 3.4% places the stock in the 2nd quartile in the market meaning it is moderately volatile. The Price to Book of 14.8 [8.2].
UPDATE: UGL director buys; shares at a seven-day low [1.1%, 28.7%, $820]
Its MCap is $1.6 billion at the last price of $9.55. The price is at a discount of 9.6% to the 1-month volume weighted average price of $10.57, which may appeal as a value proposition. Price/Earnings of 11.8 [18.4]; Price/Sales of 0.36 [0.5]; Dividend Yield of 7.3% [5.9%].
UPDATE: Folkestone director buys; shares at a seven-day low [3.2%, 5.9%, $1,798]
Its MCap is $59.2 million at the last price of 16.0c. In the Australian market of 1,232 stocks and 57 units traded today, the stock has a 6-month relative price strength of 92 which means it is outperforming 92% of the market. A price rise combined with a high relative strength is a bullish signal.
UPDATE: Saferoads Holdings director buys; shares at a 13-day low [-3.5%, 36.9%, $656]
Its MCap is $2.1 million at the last price of 8.20c.
UPDATE: James Hardie Industries: Goldman Sachs and Co becomes substantial shareholder [0.6%, 2.5%, $1,411]
Its MCap is $4.5 billion at the last price of $10.24. The stock is trading above both its MAPs and the 50-day MAP of $9.71 is higher than the 200-day MAP of $8.83, a bullish indicator. The 200-day MAP has increased to $8.83. An increase is another bullish indicator. Price/Earnings of 7.7 [17.7]; Dividend Yield of 4.1% [3.8%].
UPDATE: CSR: UBS AG and its related bodies becomes substantial shareholder [0.7%, 0.7%, $1,247]
Its MCap is $1.1 billion at the last price of $2.18. The price is at a premium of 5.1% to the 1-month volume weighted average price of $2.07. Given that this premium has been under 5.1% one hundred seventy-eight times and over 5.1% seventy-four times in the last year, the downside:upside probability is estimated at 178:74 or 2.4:1. The stock is trading above both its MAPs and the 50-day MAP of $2.03 is higher than the 200-day MAP of $1.70, a bullish indicator. Price/Earnings of 14.4 [18.4]; The Price to Book of 0.9 [2.5].
UPDATE: Algae.Tec substantial shareholder buys [2.0%, 36.6%, $703]
Its MCap is $70.3 million at the last price of 26.0c. The price is at a premium of 8.3% to the 1-month volume weighted average price of 24.0c. Given that this premium has been under 8.3% two hundred twenty-three times and over 8.3% seventeen times in the last year, the downside:upside probability is estimated at 223:17 or 13.1:1.
UPDATE: Viento Group: De Mol Investments Pty Ltd and associates becomes substantial shareholder [14.6%, $1,822]
Its MCap is $32.7 million at the last price of 41.0c. Price/Earnings of 46.7 [23.3]; The Price to Book of 2.1 [1.3].
UPDATE: Emergent Resources substantial shareholder buys [48.9%, $511]
Its MCap is $4.8 million at the last price of 2.30c. The price is at a premium of 15.0% to the 1-month volume weighted average price of 2.0c. In the past year the premium has been greater than 15.0% just five times, suggesting a topish level and cautious buying at the current price. The Price to Book of 0.6 [2.3].
UPDATE: Hillcrest Litigation Services substantial shareholder buys; shares at a 15-day low [20.0%, 42.9%, $600]
Its MCap is $2.1 million at the last price of 1.20c. The Price to Book of 0.8 [1.1].
