AUSTRALIAN COMPANY NEWS BITES
STOCK REPORT
Finders Resources Limited (ASX:FND), Australia's 140th largest materials company by market capitalisation, plummeted 2.0c (or 10.0%) from its last traded date of March 20, 2013 to close at 18.0c. Compared with the All Ordinaries Index, which rose 3.4 points (or 0.1%) on the day, this was a relative price change of -10.1%. The volume was 0.7 times the average trading of 166,424 shares.
Bearish Signals
Significant Downtrend
- The stock continues its significant downtrend.
- The stock dropped 10.0% on high volatility today.
- The stock dropped to a two-month low.
- The price plummeted 12.2% in the last month.
- The present value of $1,000 (PV$1000) invested one year ago is $434, for a capital loss of $566.
PV$1000 | 1-week | 1-month | 1-year |
FND.ASX | 900 | 878 | 434 |
All Ordinaries Index | 973 | 991 | 1,199 |
Description | Value | Rank In Market |
Price/MAP50 | 0.67 | In Bottom Quartile |
Volatility % | 11.1 | In Bottom Quartile |
Price Change % | -10.0 | In Bottom 6% |
Bullish Signals
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.6. Compared with the rest of the market the stock is undervalued.
Note
Volume: there were 124,249 shares worth $22,777 traded.
Beta: the Beta of this stock is 1.7. 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 premium of 38.5% to the 12-month low of 13.0c traded on 11 Dec, 2012.
Fundamental measures by comparison with the sector average [in brackets] indicate Parity:
- Price to Book of 2.3 [2.2].
Description | Value | Rank In Market |
MCap | US$59.9 million | In 2nd Quartile |
COMPANY ANNOUNCEMENTS
The last 7 company announcements are:
March 19: Finders Resources drops out of All Ordinaries Index
Finders Resources(FND.AU) was removed from the All Ordinaries Index on March 15, 2013.
March 18: Finders Resources : Full Year Statutory Accounts 31 December 2012
[Company Release] http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/208798.pdf
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
ISIN: AU000000FND9
AU:FND; ASX:FND; AX:FND;
Source: www.BuySellSignals.com
