NEWS BITES ASIAN MARKETS
NZX Limited (NZSX:NZX) rose 1.0c (or 0.8%) to close at NZD1.33. The stock rose for a third consecutive week on Friday bringing its three-week rise to 8.0c or 6.4%. Compared with the NZX 50 Index which rose 42.3 points (or 1.0%) in the week, this represented a relative price change of -0.2%. In the past week the market capitalisation has increased NZD2.5 million.
LONG-TERM RATING (FUNDAMENTALS)
The company paid a dividend of 6.50c in the last twelve months. The dividend yield is high at 4%.
Price/Earnings | 34.2x |
Earning Yield % | 2.9 |
Price/Sales | 6x |
Yield % | 4.0 |
% Disc to High | 54.4 |
% Prem to Low | 30.4 |
SHORT-TERM RATING (TECHNICAL)
Significantly its price of NZD1.33 is at a premium of 7% to its 200-day moving average price of NZD1.25. Its 52-week range has been NZD2.92 to NZD1.02; it is trading at a discount of 54.4% to its 52-week high and a premium of 30.4% to its 52-week low. NZD1,000 invested a week ago is now worth NZD1,008 of which NZD8 is a capital gain.
Recommended stop loss: NZD1.23
1-week price change (%) | 0.8 |
Relative Strength (6M) | 73.7 |
P/EMAP50 | 1.03 |
Present Value NZD1000 (1 year) | 485 |
RELATIVE VALUATION INDICATORS - RVI - FUNDAMENTAL ANALYSIS
The stock meets the following value criteria set by Benjamin Graham:
-"Stability of growth in earnings over the last 5 years, defined as no more than two declines of 5% or greater in year-end earnings"; there has been 2 declines in earnings in the last 5 years.
RELATIVE VALUATION INDICATORS - RVI - TECHNICAL ANALYSIS
Bullish Signals:
- The price increased 0.8% in the last week.
- In the New Zealand market of 92 stocks & 8 units traded today, the stock has a 6-month relative strength of 74 indicating it has outperformed 74% of the market.
- The price to 50-day EMAP ratio is 1.03, a bullish indicator. In the past 50 days this ratio has exceeded 1.03, 12 times suggesting further upside. The 50-day EMAP has increased to NZD1.29. An increase is another bullish indicator.
SHAREHOLDER RETURNS
Trailing five weeks: the stock fell nine times (35% of the time), rose nine times (35% of the time) and was unchanged seven times (27% of the time). The volume was 1.1 times average trading of 7,543,952 shares. The value of NZD1,000 invested five weeks ago is unchanged.
Trailing thirteen weeks: the stock rose twenty four times (39% of the time), was unchanged seventeen times (28% of the time), fell seventeen times (28% of the time) and was untraded twice (3% of the time). The volume was 1.3 times average trading of 17,118,968 shares. The value of NZD1,000 invested thirteen weeks ago is NZD1,081 [vs NZD1,104 for the NZX 50 Index] for a capital gain of NZD81.
Trailing Two Years: the value of NZD1,000 invested two years ago is NZD718 [vs NZD1,320 for the NZX 50 Index], including a capital loss of NZD338 and dividend reinvested of NZD57.
PRICE VOLUME DYNAMICS
Volatility: the stock traded between an intraweek low of NZD1.30 and a five-week high of NZD1.34.
Volume and turnover period: there were 786,892 shares worth NZD1 million (US$845,234.6) traded. The volume was 0.5 times average trading per week of 1,450,760 shares. The turnover rate in the 12 months to date was 28.6% (or a turnover period of 3 years 6 months).
% Premium to low: the last price is at a premium of 30.4% to the 12-month low of NZD1.02 seven months ago on 28 Aug, 2012.
Volume weighted price (VWP): the price is at a premium of 2.3% to the 3-month volume weighted average price (VWP) of NZD1.30. Given that this premium has excee
