Each week we profile a stock that we believe as a great chance to increase in the medium term (3 - 6mths).
These stocks are chosen by using a mix or our own reseach tools including Directors activity, the Nielsen Supply/Demand Indicator and broker consensus data.
These picks are designed as a starting point for you to investigate further if you wish. Make sure you come back each week to see what we have found.
Symbol / Company CFE / CAPE LAMBERT IRON ORE LTD Date Picked 28-02-2013 Price When Picked $0.195 Company Overview Inside Trader comments:
We picked this stock last September and achieved our 10% goal (11.5%). The stock has sinced bounced around and is now near long term lows at 19.5c.
The company is currently cashed up and is undergoing a share buyback scheme which will help the share price on any future postive annouincements.
Directors keep buying into this stock and we are seeingthe Smart Money increasing.
We believe that this is near a strong support region and a quick bounce should give some nice profits.
from their website:
Cape Lambert Resources Limited is an Australian domiciled, cashed–up, fully funded resources and investment company, with interests in a number of resource projects and companies.
Through acquisitions in its own right and the acquisition of CopperCo Limited’s assets, and subscriptions to convertible notes, the Company has exposure to iron ore, copper, gold, uranium, phosphate, lead-silver-zinc and vanadium assets in Australia, Africa, Greece and South America.
The Company’s strategy is to acquire and invest in undervalued and distressed mineral assets and companies, and to add value to those Assets with a hands on approach to management, exploration and evaluation to enable the Assets to be monetised at a multiple. As Assets are monetised, the Company’s Board intends to follow a policy of distributing surplus cash to Shareholders.
Nielsen Indicator Buying Level 0.8 Weekly Trend Analysis downtrend Daily Trend Analysis downtrend Short Term Support 18c Short Term Resistance 26c Director Activity Date Director Action Volume Average Price Total Consideration 14-09-2012 Antony Sage BUY 749,041 $0.280 $211,491 12-10-2012 Antony Sage BUY 78,241 $0.279 $21,816 15-10-2012 Antony Sage BUY 221,579 $0.275 $60,934 18-10-2012 Antony Sage BUY 35,310 $0.265 $9,357 19-10-2012 Antony Sage BUY 164,690 $0.260 $43,393 12-11-2012 Antony Sage BUY 73,154 $0.250 $18,289 12-11-2012 Ross Levin BUY 19,500 $0.255 $4,973 12-11-2012 Antony Sage BUY 50,000 $0.250 $12,500 13-11-2012 Brian Maher BUY 35,000 $0.250 $8,575 15-11-2012 Brian Maher BUY 20,000 $0.255 $5,100 26-11-2012 Antony Sage BUY 100,000 $0.230 $23,000 28-11-2012 Antony Sage BUY 200,000 $0.228 $45,500 28-11-2012 Timothy Turner BUY 23,000 $0.220 $5,060 06-02-2013 Antony Sage BUY 100,000 $0.220 $22,000
CFE Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
(20min delay)