Icarus Signal New Entries For Today

This story features ANSELL LIMITED, and other companies. For more info SHARE ANALYSIS: ANN

Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

Market rumour has it near-term copper producer Discovery Metals ((DML)) is preparing some kind of a positive surprise, while our eyes have spotted the company's name on stockbroker lists for relatively safe exposures ahead of the upcoming reporting season. It is probably no coincidence then the stock has now joined the group trading close to consensus price target. Judging by past gaps between price action and the target as registered by FNArena's Icarus Signal, Discovery Metals shares have been traveling via rocket recently.

More important, probably, is that Discovery's entrance is accompanied by Campbell Brothers ((CPB)) also re-joining the group. Campbell Bros is an interesting case as the board issued an increase in profit guidance for the year to March 2012 on continued positive industry dynamics. The dilemma for investors is, however, the shares are already trading near (upgraded) consensus target. Yes, life is all about choices and decisions, but Campbell Bros shares had a very good run already, proving it is a big ask to jump on good news stories and make a lot of money from it too. (Certainly a dilemma many an investor will recognise).

Probably no surprise then Campbell Bros shares are weaker today and, in combination with a rising target, seem poised to disappear off the list by the close of trading today.

Discovery Metals and Campbell Bros were accompanied by Beach Petroleum ((BPT)), Ansell ((ANN)) and Macmahon Holdings ((MAH)) after yesterday's price action. This group now contains 16 names. Five companies disappeared from this list, of which three due to share price weakness. These are Reckon ((RKN)), Tassal Group ((TGR)) and Aston Resources ((AZT)).

Charter Hall Retail ((CQO)) and Kingsgate Consolidated ((KCN)), on the other hand, have now joined the stocks trading above target. No stocks disappeared from this group, so there are now 30 stocks trading above target.

Corporate phoenix Hastie Group ((HST)) has now made its presence known in the Bottom 50, alongside Industrea ((IDL)) and Peet ((PPC)).

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 ANN $ 14.28 $ 14.60 2.24% 2 BPT $ 1.08 $ 1.09 1.02% 3 CPB $ 47.15 $ 47.91 1.61% 4 DML $ 1.48 $ 1.48 0.34% 5 MAH $ 0.59 $ 0.61 2.88%

Stocks Above Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 CQR $ 3.31 $ 3.29 – 0.60% 2 KCN $ 9.38 $ 9.26 – 1.28%

Top 50 Stocks Furthest from Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 HST $ 0.16 $ 0.24 48.75% 2 idl $ 1.32 $ 1.92 45.68% 3 PPC $ 1.43 $ 2.11 48.28%

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