FYI | Aug 25 2011
Daily update on share prices and consensus price targets.
By Rudi Filapek-Vandyck
Be careful as not all solid earnings stories in the Australian share market are equal even though they may look similar in a rising tide. Examples that come to mind are Domino's Pizza ((DMP)), once again proven a solid through-the-cycle growth story but the share price has now landed on Icarus radar. And the same applies to vitamins and food supplement producer Blackmores ((BKL)).
Another observation worth repeating is that stocks are entering Icarus lists on the combination of falling price targets and moving share prices, which probably requires a little eye for details. There are now 13 stocks trading close but still below consensus target, including newcomers Port Bouvard ((PBD)), QR National ((QRN)) and Lycopodium ((LYL)). Domino's and Blackmores are both part of this group as well.
There are now 16 stocks trading above target, including newcomer Minara ((MRE)) which is hardly a surprise given the take-over offer from its major shareholder. Also in this group are Monadelphous ((MND)), Cochlear ((COH)) and Alacer Gold ((AQG)); all very popular stocks.
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
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.