ale

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ALEXANDERS SECURITIES LIMITED (ALE)
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12 August, 2008 (16:00:00 AEST)

ALEXANDERS SECURITIES LTD PRICE 4.9% ABOVE VOLUME WEIGHTED PRICE BUT AT 27.3% DISCOUNT TO 52-WEEK HIGH August 12, 2008 16:00:00 AEST

Alexanders Securities Ltd (ALE) plummeted 0.30c (or 8.6%) to 3.20c. The price is at a premium of 4.9% to the 1-month volume weighted average price of 3.05c. Given that this premium has exceeded 4.9% sixty-six times and been under 4.9% nineteen times in the last year, the upside:downside probability is estimated at 66:19 or 3.5:1. Compared with the All Ordinaries Index which rose 21.1 points (or 0.4%) on the day, this represented a relative price change of -9.0%.

PRICE VOLUME DYNAMICS
Relativities: Since open its percentile rank in the Australian market was 8. In the Australian market of 2,115 stocks, the stock has a 6-month relative strength of 97 which means it is beating 97% of the market.
Volume and Turnover Period: There were 100,000 shares worth $3,200 traded. The volume was 0.2 times average trading of 483,317 shares. The turnover rate in the 12 months to date was 39.8% (or a turnover period of 2 years 6 months). This average length of ownership of the stock at 2.5 times the average holding period of 1 year 6 days for stocks in the S&P/ASX 200 Index suggests a larger number of core investors, making a long-term investment safer.
% Discount to High: The last price is at a discount of 27.3% to the 12-month high of 4.40c eight months ago on 10 Dec, 2007.
Beta is 1.0.


PRICE PERFORMANCE RANK IN INDEX AND SECTORS
The stock is in 1 index and 3 sectors.
The stock's fall of 8.6% was in keeping with the trend set by the Total Australian Market -x- All Ordinaries Sector (rank 673;25 out of 1274) which was down 36.0 points or 0.7% to 5,208.3
The stock's fall went against the trend set by the following index and sectors (rank by percentage price change of stock for 1 day;6 months in sector/index in brackets):
S&P/ASX 200 Financial-x-Property Trusts Index (rank 106;2 out of 161) which was up 52.7 points or 1.0% to 5,224.8,
Industrials Sector (rank 621;11 out of 993) which was up 28.7 points or 0.6% to 4,805.2,
Total Australian Market (rank 1228;35 out of 2136) which was up 18.2 points or 0.3% to 5,360.

SHAREHOLDER RETURNS
Trailing One Week: The stock was untraded three times (60% of the time), fell once (20% of the time) and rose once (20% of the time). The volume was 0.3 times average trading of 2,416,585 shares.
Trailing One Month: The stock fell eight times (36% of the time), rose eight times (36% of the time), was unchanged three times (14% of the time) and was untraded three times (14% of the time). The volume was 1.9 times average trading of 10,632,974 shares. The value of $1,000 invested a month ago is $1,391 [vs $1,005 for the All Ordinaries Index], for a capital gain of $391.

FINANCIALS
Annual Report for the year ended December 31, 2007 (year-on-year comparisons with previous corresponding period)-
Favourable Changes: total revenue up 3.4% to $A2.5m ($US2.2m); total debt to net tangible assets down from 10.0% to 5.5%; NTA per share up 5.8% to $A0.0 (0.1c).
Unfavourable Changes: loss of $A5.3m ($US4.6m); EPS deterioration 27.8 to $A-0.0 (-2.0c); losses in all of the last 4 years; debt to equity up 831.2% to 0.05; total liabilities to total assets up 145.1% to 0.9; current ratio down 6.1% to 1.1; operating cash flow is negative; total number of shares outstanding up 72.5% to 303,607,500.
Major Common Size Ratios: total current assets to total assets up from 27.3% to 72.1%; cash to total assets up from 1.6% to 54.3%; total non current assets to total assets down from 72.7% to 27.9%; fixed assets to total assets up from 1.9% to 7.2%; long term investments to total assets up from 2.8% to 4.8%; cost of goods sold to sales up from 22.1% to 38.3%; depreciation to sales up from 4.6% to 12.6%; sales and marketing expenses to sales up from 8.6% to 10.2%; interest revenue to sales up from 3.5% to 4.7%; profit after tax to sales down from -120.0% to -220.2%.

FUNDAMENTALS
P/S: The price/sales ratio is 4.1.
Price to NTA: The price to net tangible asset backing per share is 30.2.

ISSUED CAPITAL
Based on 303,600,000 issued shares the market capitalisation is $10 million.

ACTIVITIES
Money market, share and property investment.

BUSINESS NEWS ROUND UP
The last 5 snippets from News Bites were:
July 16: Alexanders Securities places shares, options
Alexanders Securities Ltd will place 100 million shares and 150 million options with Crawley Investments Pty Ltd.Alexanders will place 100 million shares at 1c per share; 75 million options exercisable at 10c each on or before June 30, 2010 at an issue price of $0.001 each; and 75 million options exercisable at 20c each on or before June 30, 2012 at an issue price of $0.001 each.As consideration for introducing the placement transaction to the company, Alexanders will place to the relevant introducing parties 12.5 million shares at an issue price of 1c per share together with one free attaching listed option for each share placed to the introducing parties exercisable at 4c each on or before June 30, 2012.

May 01: Alexanders Securities reinstated
Alexanders Securities Ltd will be reinstated to trading on May 2, 2008 following the filing of its annual report for December 31, 2007.

November 27: Alexanders Securities trading halt
Alexanders Securities Ltd requested a trading halt on November 27, 2007 pending an announcement. Trading will resume on November 29 or on an earlier announcement.

November 06: Alexanders Securities changes secretary
Alexanders Securities Ltd advised that Michael Glendinning resigned as company secretary on November 6, 2007. Ian Maltman was appointed as company secretary on the same day.

September 01: ALEXANDERS SECURITIES CEO BUYS 100K SHARES ON-MARKET
Alexanders Securities Ltd CEO Dr.Anthony (Tony) Coulepis bought 100,000 shares worth $2,224 on-market on August 31, 2007. He directly holds 1,100,000 options and indirectly holds 1,508,000 shares.

Currency Conversion: Australian Dollar AUD 1 = US$ 0.9347 [or US$1=AUD 1.07]; Against the US$ the AUD slumped 130.93 basis points (or 1.3%) for the day; slumped 2.7% for the week; fell 2.2% for the month; soared 22.7% in the past year.