Icarus Signal New Entries For Today

This story features BWP TRUST, and other companies. For more info SHARE ANALYSIS: BWP

Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

The Icarus Signal continues to prove its value as no less than four stocks that featured previously as having approached their consensus target were knocked back in yesterday's trading session. Note the share market overall put in a positive performance yesterday, even though it wasn't as positive as many would have anticipated (hoped for?).

Yield plays Bunnings Warehouse Properties ((BWP)), Dexus ((DXS)) and Spark Infrastructure ((SKI)) all received a firm rejection yesterday, as did Iress ((IRE)). All four have now disappeared from the group of stocks trading near consensus target. Two stocks disappeared from the group trading above target yesterday. Campbell Brothers ((CPB)) and DuluxGroup ((DLX)) have rejoined the group trading below target.

QR National ((QRN)) and Melbourne IT ((MLB)) managed to climb above target, but maybe the real news was provided by condom and gloves manufacturer Ansell ((ANN)) whose share price has sneaked higher with the stock now entering the group approaching target. Ansell is one of those stocks for whom cost input (latex prices) can make a lot of difference, and so do currency movements. The market anticipating USD strength? I think the answer is "yes".

Other stocks that are now approaching target include Macquarie Airports ((MAP)) -asset sales under consideration, Swick Mining Services ((SWK)), Lycopodium ((LYL)) and Warrnambool Cheese ((WCB)), the latter on ongoing take-over appeal.

The number of stocks trading close to target stands at 17, the number above target stands at 24.

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 $ 13.91 $ 14.21 2.19% 2 CPB $ 46.02 $ 46.04 0.03% 3 DLX $ 2.90 $ 2.93 0.93% 4 LYL $ 5.86 $ 5.98 2.05% 5 MAP $ 3.44 $ 3.49 1.37% 6 SWK $ 0.44 $ 0.45 1.14% 7 WCB $ 4.66 $ 4.75 1.93%

Stocks Above Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 MLB $ 1.81 $ 1.78 – 1.93% 2 QRN $ 3.27 $ 3.24 – 0.83%

Top 50 Stocks Furthest from Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 ERA $ 4.29 $ 6.81 58.76% 2 MAD $ 0.22 $ 0.36 67.44%

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