AUSTRALIAN COMPANY NEWS BITES
STOCK REPORT
Mortgage Choice Limited (ASX:MOC), Australia's 8th largest bank by market capitalisation, closed unchanged at $2.05. Compared with the All Ordinaries Index, which rose 3.4 points (or 0.1%) on the day, this was a relative price change of -0.1%. The volume was 1.1 times the average trading of 130,029 shares. The stock was unchanged for a second day on Friday.
Bearish Signals
Description | Value | Rank In Market |
%Prem To Vol Wtd Price | 2.5 | In Bottom Quartile |
Bullish Signals
- The 6.0% discount to 12-month high of $2.18 against the 65.3% premium to 12-month low of $1.24 suggests the stock continues to push for new highs.
- The present value of $1,000 (PV$1000) invested one year ago is $1,706, including a capital gain of $583 and dividend reinvested of $123.
PV$1000 | 1-week | 1-month | 1-year |
MOC.ASX | 1,005 | 1,087 | 1,706 |
All Ordinaries Index | 973 | 991 | 1,199 |
Fundamental measures by comparison with the sector average [in brackets] indicate Undervaluation:
- Price/Earnings of 13.7 [15.7]. We estimate the shares are trading at a current year P/E of 14.3 and a forward year P/E of 14.9.
- Return on Equity 19.7% [12.9%].
- Return on Assets 5.6% [0.8%].
Other Bullish Signals:
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.8. Compared with the rest of the market the stock is undervalued.
Description | Value | Rank In Market |
Price/MAP50 | 1.05 | In Top Quartile |
Price/MAP200 | 1.24 | In Top Quartile |
Relative Strength (6M) | 85 | In Top Quartile |
Return on Equity [ROE] % | 19.7 | In Top Quartile |
Note
Volume: there were 148,413 shares worth $299,719 traded.
Beta: the Beta of this stock is 0.3. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.
Fundamental measures by comparison with the sector average [in brackets] indicate Parity:
- Price to Book of 2.8 [2.6].
- Dividend yield of 6.3% [6.0%].
Description | Value | Rank In Market |
MCap | US$264.4 million | In 2nd Quartile |
COMPANY ANNOUNCEMENTS
The last 7 company announcements are:
March 05: Invesco sells 1.1m Mortgage Choice shares
Invesco Australia Ltd sold 1,083,987 Mortgage Choice Ltd shares on March 1, 2013, decreasing from 10,283,983 shares (8.55%) to 9,199,996 shares (7.46%).
February 21: Mortgage Choice: Half Year Report & Accounts
[Company Release] http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/203240.pdf
January 14: Mortgage Choice: Change in substantial holding from CBA
[Company Release] http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/197789.pdf
December 04: Mortgage Choice substantial shareholder buys
Mortgage Choice (MOC.AU) substantial shareholder Ochoa Pty Limited bought 70,000 shares worth approximately $110,950 on November 28, 2012. Ochoa Pty Limited previously held 13,126,989 shares and now holds 13,196,989 shares. The purchase price was $1.60.
October 23: Mortgage Choice increases issued capital by 0.5%
Mortgage Choice (MOC.AU) has announced an increase of 611,710 shares (or 0.5%) in total share on issue from 122,819,572 to 123,431,282. The effective date is 23 Oct, 2012.
October 18: Mortgage Choice: Results of Meeting
[Company Release]Dear Sir/Madam,Mortgage Choice Limited - Annual General MeetingIn accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, we advise the results of each proposed resolution listed in the Notice of Meeting for the Annual General Meeting held today, 18 October 2012. http://www.buysellsignals.net/BuySellSignals/report/Australia/Stock/News/178370.pdf
September 20: Mortgage Choice director buys on-market
Mortgage Choice Ltd director Deborah Ralston bought 25,000 shares on-market on August 31, 2012.He holds and has interests in 125,000 shares.
ISIN: AU000000MOC5
AU:MOC; ASX:MOC; AX:MOC;
Source: www.BuySellSignals.com
