Icarus Signal New Entries For Today

This story features CHARTER HALL RETAIL REIT, and other companies. For more info SHARE ANALYSIS: CQR

Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

Small cap cyclicals? Sure. Mining services providers? Certainly. But who would have thought I'd be writing about property trusts and other dividend supported securities -often- inside the framework of the Icarus Signal? Certainly not me.

Today's highlight is yet another example of how yield, value and volatility have become dominant characteristics for a substantial part of the names that appear on the Icarus Signal. One look at the chart below immediately shows how Charter Hall Retail Reit ((CQR)) has been rallying into valuation headwinds since at least the past six months. Every time a firm rejection has followed. Every time another attempt has followed. Bottom line: the securities haven't gone anywhere on a net basis. Too bad if you happen to be one who bought too high during the period.

Meanwhile, the list of stocks trading in the vicinity of consensus target continues to shrink, with today only 8 names left. Picture this: six names out of these eight are solid dividend yielders. Three of these names are considered targets for corporate activity: Centrebet ((CIL)), Treasury Wines ((TWE)) and Tabcorp ((TAH)).

Life sciences company Pharmaxis ((PXS)) received a firm rejection yesterday, and so did the above mentioned Charter Hall Retail. Goodman Fielder ((GFF)) another solid dividend payer, with attached corporate appeal, managed to surge above target.

The list of stocks trading above target grows to 18 as Melbourne IT ((MLB)) joined Goodman Fielder as newcomer. Most names on this list operate inside the mining services industry, offer solid dividend yield or are supported by corporate take-over interest/appeal.

Investors should consider the information and data are provided for research purposes only.

Stocks <3% Below Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 TAH $ 3.19 $ 3.28 2.66% 2 TWE $ 3.42 $ 3.50 2.34%

Stocks Above Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 GFF $ 1.05 $ 1.05 – 0.48% 2 MLB $ 1.78 $ 1.78 – 0.28%

Top 50 Stocks Furthest from Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 ADU $ 0.54 $ 0.90 68.22% 2 AWE $ 1.22 $ 2.00 64.26% 3 MPO $ 0.77 $ 1.25 63.40% 4 TIS $ 0.57 $ 0.95 66.67%

To see the full Icarus Signal, please go to this link

Technical limitations

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.

Click to view our Glossary of Financial Terms