Deep Yellow weakens 2.2% ON LOW VOLUME, FALLING FOR A SECOND DAY July 16, 2008 14:00:00 AEST
Deep Yellow (DYL), Australia's 2nd largest Uranium company by market capitalisation, weakened 0.50c (or 2.2%) to 22.0c. Compared with the All Ordinaries Index which rose 28.6 points (or 0.6%) on the day, this represented a relative price change of -2.8%. The volume was 0.2 times average trading of 1,465,235 shares. The stock fell for a second day on Wednesday.
TECHNICAL ANALYSIS Downtrend Price Trend: The price dropped 4.3% in the last week and crashed 21.4% in the last month. In the last three months the number of falls outnumbered rises 34:24 or 1.42:1. Relativities: Compared with the All Ordinaries Index which fell 3.0% for the week and 9.8% for the month, this represented a relative price decrease of 2.7% for the week and 11.6% for the month. Since open its percentile rank in the Australian market was 31. In the Australian market of 2,111 stocks, the stock has a 6-month relative strength of 52 which means it has outperformed 52% of the market. Moving Average Price (MAP): In the past 200 days this ratio has been under 0.67 49 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of 27.22c is lower than the 200-day MAP of 32.76c, a bearish indicator. The 200-day MAP has decreased to 32.76c. A decrease is another bearish indicator. Breakdown: The bears are maintaining control with price open, high, low and close being below yesterday's levels. Support: The support price is hovering at the 21.50c level. Volume traded at the weak support price zone was 0.4 times average during the two occasions when the support price was breached. In the last one month the first low was at 21.50c on Jul 16, the second decline halted at 21.50c on Jul 14. Resistance: Previous rallies have been met with resistance at 28.50c. However, selling pressure at that level has been weak; volume was 0.7 times average during the four occasions when the resistance price was breached in the last one month. In the last one month the highest was at 28.50c on Jun 18, the second highest at 28.50c on Jun 20. The third advance halted at 28.50c on Jun 19 and the fourth at 28.0c on Jun 17
PRICE VOLUME DYNAMICS Volatility: The stock traded between an intraday high of 22.50c and a two-day low of 21.50c. Moving Average Price (MAP): The price to 200-day MAP ratio is 0.67, a bearish indicator. Volume and Turnover Period: There were 317,262 shares worth $69,767 traded. The turnover rate in the 12 months to date was 53.7% (or a turnover period of 1 year 10 months). This average length of ownership of the stock at 1.8 times the average holding period of 1 year 9 days for stocks in the S&P/ASX 200 Index suggests a larger number of core investors, making a long-term investment safer. Volume Weighted Price (VWP): The price is at a discount of 12.9% to the 1-month volume weighted average price of 25.26c, which may appeal as a value proposition. Beta is 2.4.
PRICE PERFORMANCE RANK IN INDEX AND SECTORS The stock is in 1 index and 6 sectors. The following index and sectors fell setting the trend for its fall of 2.2% (rank by percentage price change of stock for 1 day;6 months in sector/index in brackets): Quarterly Reporting Entities Sector (rank 172;156 out of 440) which was down 398.4 points or 2.4% to 16,125.3, Mining & Oil Sector (rank 268;248 out of 573) which was down 97.3 points or 1.0% to 9,683.2, Total Australian Market -x- All Ordinaries Sector (rank 490;337 out of 1276) which was down 36.1 points or 0.7% to 5,322.2, Gold Sector (rank 122;80 out of 240) which was down 34.1 points or 0.3% to 9,994.8, Uranium Sector (rank 27;21 out of 46) which was down 23.1 points or 0.3% to 8,255.4, S&P/ASX 200 Materials Index (rank 222;173 out of 462) which was down 23.7 points or 0.2% to 14,184.2 The stock's fall went against the trend set by Total Australian Market (rank 902;624 out of 2131) which was up 18.9 points or 0.4% to 5,240.
SHAREHOLDER RETURNS Trailing One Week: The stock fell three times (60% of the time), was unchanged once (20% of the time) and rose once (20% of the time). The volume was 0.4 times average trading of 7,326,175 shares. The value of $1,000 invested a week ago is $898 [vs $970 for the All Ordinaries Index], for a capital loss of $102. Trailing One Month: The stock fell thirteen times (59% of the time), rose five times (23% of the time) and was unchanged four times (18% of the time). The volume was 0.5 times average trading of 32,235,170 shares. The value of $1,000 invested a month ago is $786 [vs $902 for the All Ordinaries Index], for a capital loss of $214. Trailing One Year: The value of $1,000 invested one year ago is $415 [vs $794 for the All Ordinaries Index], for a capital loss of $585. The total return to shareholders for 1 year is -58.5%. Trailing Five Years: The value of $1,000 invested five years ago is $13,095, for a capital gain of $12,095.
FINANCIALS Annual Report for the year ended June 30, 2007 (year-on-year comparisons with previous corresponding period)- Favourable Changes: total revenue up 133.5% to $A2.1m ($US1.6m); total liabilities to total assets down 2.3% to 0.02; NTA per share up 100.0% to $A0.1 (8.8c). Unfavourable Changes: loss of $A2.8m ($US2.2m); EPS reduced 20.9% to $A-0.0 (-0.3c); EBIT loss of $A2.7m ($US2.1m); losses in all of the last 5 years; current ratio down 71.1% to 15.9; operating cash flow is negative; total number of shares outstanding up 63.3% to 1,023,824,884. Major Common Size Ratios: total current assets to total assets down from 59.7% to 22.0%; cash to total assets down from 58.7% to 20.6%; fixed assets to total assets up from 1.0% to 1.5%; intangibles to total assets down from 6.8% to 1.1%; depreciation to revenues of 20.9%; interest expenses to revenues of 0.0%; tax expenses to revenues of -6.0%; EBITD to Revenues of -108.3%; EBIT to Revenues of -129.2%.
FUNDAMENTALS P/S: The price/sales ratio is 109.1. Price to Cash: The price to cash backing per share is 2.0.
ISSUED CAPITAL Based on 1,023,824,884 issued shares the market capitalisation is $225 million.
DYL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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