Not sure how useful this information is. For me I am in for really long time. Hopefully some dividend this year ending 31/03/2011.
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Aditya Birla Minerals [All Ordinaries] increases 2.3% on high volume rising for a second consecutive day, a two day rise of 6.5% January 13, 2011 16:00:00 AEST
AUSTRALIAN COMPANY NEWS BITES
STOCK REPORT
Aditya Birla Minerals (ABY.AU) rose 3.0c (or 2.3%) on high volume to close at $1.32. Compared with the All Ordinaries index, which rose 69.6 points (or 1.4%) on the day, this was a relative price change of 0.9%. The stock rose for a second day on Thursday bringing its two-day rise to 8.0c or 6.5%.
Price Change % 2-day 1-month 1-year
ABY 6.5 10.5% -2.9%
Materials 3.3% 1.8% -16.7%
All Ordinaries 1.8% 1.2% 0%
TECHNICAL ANALYSIS
Uptrend Price Trend: the price climbed 5.2% in the last week and soared 10.5% in the last month.
Relativities: compared with the All Ordinaries index which rose 1.5% for the week and 1.2% for the month, this represented a relative price increase of 3.7% for the week and 9.2% for the month. In the Australian market of 1,386 stocks and 80 units traded today, the stock has a 6-month relative strength of 80 indicating it has outperformed 80% of the market.
Moving average price (MAP) [with equal weightage to prices at close]: the price to 200-day MAP ratio is 1.26, a bullish indicator. In the past 200 days this ratio has exceeded 1.26 31 times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of $1.278 is higher than the 200-day MAP of $1.048, another bullish indicator.
Exponential Moving Average Price (EMAP) [with higher weightage to recent prices]: the price to 50-day EMAP ratio is 1.05, a bullish indicator. In the past 50 days this ratio has exceeded 1.05 19 times suggesting further upside. The 50-day EMAP has increased to $1.262. An increase is another bullish indicator.
Moving Average Convergence Divergence (MACD): the MACD indicator of 12-day Exponential Moving Average (EMA) minus the 26-day EMA is positive suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.
Breakout: the bulls are maintaining control with price open, high, low and close exceeding yesterday's levels.
Support: the support price is hovering at the $1.185 level. Volume traded at the weak support price zone was 0.7 times average during the four occasions when the support price was breached. In the last one month the first low was at $1.185 on Dec 15, the second at $1.19 on Dec 17. The third decline halted at $1.19 on Dec 14 and the 4th at $1.20 on Dec 16 Resistance: previous rallies have been met with resistance at $1.385. However, selling pressure at that level has been moderate; volume was 1.1 times average during the three occasions when the resistance price was breached in the last one month. In the last one month the highest was at $1.385 on Dec 23, the second highest at $1.38 on Dec 22. The third advance halted at $1.37 on Jan 04.
PRICE VOLUME DYNAMICS
Volatility: the stock traded between an intraday low of $1.29 and five-day high of $1.33. The price range has expanded in the last two days (from 3.0c two days ago to 4.0c today) which, accompanied by a price rise, is a bullish signal.
Volume: there were 336,323 shares worth $442,770 traded. The volume was 0.5 times average trading of 703,604 shares.
% Discount to high: the last price is at a discount of 7.0% to the 12-month high of $1.42 two months ago on 12 Nov, 2010.
Volume weighted price (VWP): the price is at a premium of 3.0% to the 1-month volume weighted average price of $1.28. Given that this premium has exceeded 3.0% ninety times and been under 3.0% twenty-six times in the last year, the upside:downside probability is estimated at 90:26 or 3.5:1.
Access comprehensive Stock Research on ABY
PRICE PERFORMANCE RANK IN INDICES AND SECTORS
The stock is in 4 indices and 2 sectors.
The following index and sectors rose setting the trend for its rise of 2.3%:
Materials sector of 586 stocks and 1 unit traded today, which was up 91.3 points or 1.9% to 4,966.6,
The Total Australian Market of 1386 stocks and 80 units traded today, which was up 69.0 points or 1.5% to 4,639.3,
All Ordinaries index of 348 stocks and 61 units traded today, which was up 69.6 points or 1.4% to 4,901.
Percentile Rank 1-day 1-month 6-months
ABY 70 69 80
Materials 65 43 30
All Ordinaries 60 41 42
RELATIVE VALUATION INDICATORS [RVI]
Aditya Birla Minerals vs Materials sector [Materials sector average in Brackets]
Better than sector average: Return on Equity of 13.0% [9.7%], rank 61 out of 630 Materials stocks; Return on Assets of 10.4% [5.3%], rank 52 out of 642; P/E of 6.7 [34.59], rank 18 out of 105.
RVI ABY Materials sector
Return on Equity 13.0% 9.7%
Return on Assets 10.4% 5.3%
P/E 6.7x 34.6x
SHAREHOLDER RETURNS
Trailing one week: the stock rose three times (60% of the time) and fell twice (40% of the time). The volume was 0.4 times average trading of 3,518,020 shares. The value of $1,000 [vs $1,015 for the All Ordinaries index] invested a week ago is unchanged.
Trailing one month: the stock rose ten times (50% of the time), fell seven times (35% of the time) and was unchanged three times (15% of the time). The volume was 0.6 times average trading of 15,479,288 shares. The value of $1,000 invested a month ago is $1,105 [vs $1,014 for the All Ordinaries index], for a capital gain of $105(or rise of 10.5%).
Trailing one year: the value of $1,000 invested one year ago is $971 [vs $1,036 for the All Ordinaries index], for a capital loss of $29. The total return to shareholders for 1 year is -2.9%.
Trailing five years: the value of $1,000 invested five years ago is $895, including a capital loss of $323 and dividend reinvested of $218.
PV$1000 1-month 1-year
ABY $1,105 $971
Materials $1,018 $851
All Ordinaries $1,014 $1,036
FINANCIALS
Annual Report for the year ended March 31, 2010 (year-on-year comparisons with previous corresponding period)-
Favourable Changes: total revenue up 1.86% to $A381.5m ($US350.4m); total liabilities to operating cash flow ratio of 1.0 compares favourably with the Joseph Piotroski benchmark of <4, it had improved by 73.26% from the previous year.; total liabilities to total assets down 41.27% to 0.2; current ratio up 24.56% to 1.8; Net tangible assets per share up 14.9% to $A1.50783 ($US1.4); Working capital to total assets up 53.02% to 7.9%; total revenue to total assets up 7.59% to 0.6.
Unfavourable Changes: losses in 3 years out of the last 5 years; Retained earnings to total assets down 41.06% to 3.7%.
Steady: total number of shares outstanding steady at 313,373,000.
Major Common Size Ratios: total non-current assets to total assets down from 83.58% to 82.4%; fixed assets to total assets down from 69.3% to 66.89%; total current assets to total assets up from 16.42% to 17.6%; non-current inventory to total assets up from 12.25% to 12.94%; current inventory to total assets up from 7.12% to 10.15%; tax expenses to revenues down from 8.93% to 6.93%.
FUNDAMENTALS
Earnings: the earnings yield of 14.8% is 2.7 times the 10-year bond yield of 5.53%.
P/S: the price/sales ratio is 1.1.
P/E * P/NTA: The P/E of 6.7 multiplied by the P/NTA of 0.9 is 5.9. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
Interest cover: interest cover defined by EBIT/I is 17.4 times. This indicates it is less leveraged.
Valuation ABY Materials
P/E 6.7x 34.6x
P/S 1.1x 3.2x
Size ABY Rank in Materials
MCAP ($) 413.7 million 75
Assets ($) 590.9 million 43
Revenue ($) 381.5 million 31
Performance ABY Materials
ROA 10.4% 5.3%
ROE 13.0% 9.7%
ISSUED CAPITAL
Based on 313,372,551 issued equity shares the market capitalisation is $413.7 million. It is Australia's 43rd largest Materials company by assets.
ACTIVITIES
Aditya Birla Minerals has mining and exploration activities focused at the Nifty copper operation in the Pilbara region, North-Western Australia, and the Mt Gordon copper operation in northwest Queensland, Australia.
TOP MANAGEMENT
The chief financial officer is Rajiv Gupta, the chairman is Debu Bhattacharya and the managing director and chief executive officer is Sunil Kulwal.
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