Icarus Signal New Entries For Today

This story features LYCOPODIUM LIMITED, and other companies. For more info SHARE ANALYSIS: LYL

Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

Woodside's admission of another serious cost blow-out has had deeper repercussions than just a generally more cautious approach towards fellow-LNG developers. Many of the energy and mining services providers are starting to find the going tougher.

Is the market finally coming to grips with the reality that projects delay and cost blow-outs will become the theme of 2012, if not of the second half of this year?

FNArena's Icarus Signal is showing the likes of Swick Mining Services ((SWK)), Lycopodium ((LYL)) and Monadelphous ((MND)) are feeling more selling pressure than love and affecting from buyers at the moment.

Observe on the chart below how Swick has now been rejected twice above consensus target, and both times pretty firmly too.

All three stocks mentioned have now dropped out of the group of stocks trading close to target. Other stocks that disappeared include Macquarie Airports ((MAP)) following its asset sale consideration, Austbrokers ((AUB)) which was highlighted earlier this week, Ansell ((ANN)) which was also highlighted earlier this week and Wotif.com ((WTF)).

Wotif.com is a regular newcomer in these updates, until the shares get rejected above target, which has happened again. We'll welcome the shares back at some stage, no doubt.

Seven newcomers joined the group trading close to target, and among these many familiar names; Tabcorp ((TAH)), ConnectEast Group ((CEU)), Riversdale ((RIV)), Centrebet International ((CIL)), Echo Entertainment ((EGP)), Bunnings Warehouse ((BWP)) and Dexus ((DXS)).

Interesting how volatile dividend yielding stocks are these days, isn't it?

With seven names disappearing and seven others joining, there are still 17 stocks trading within reach of consensus target. There are 23 stocks trading above target as Tabcorp disappeared to join the first group.

Another observation is that junior iron ore stocks have received an absolute shellacking this week as investors try to distinguish true value from future losers. Gindalbie ((GBG)) joining the Bottom 50 is a direct result of this.

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

Stocks <3% Below Consensus

Stocks Above Consensus

Top 50 Stocks Furthest from Consensus

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

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