Ipernica weakens below Exponential Moving Average Price (EMAP),...

Ipernica weakens below Exponential Moving Average Price (EMAP),

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Ipernica [S&P/ASX 200 Financial-x-Property] weakens below Exponential Moving Average Price (EMAP), 12-day EMAP trails 26-day EMAP February 08, 2011 16:00:00 AEST

AUSTRALIAN COMPANY NEWS BITES

STOCK REPORT

Ipernica (IPR.AU), Australia's 76th largest diversified financials company by market capitalisation, has dropped below its trend. The MACD indicator (12 day EMA-26 day EMA) is negative, a bearish signal. The stock fell for a third day on Tuesday bringing its three-day fall to 1.10c or 11.0%. The stock price weakened 0.20c (or 2.2%) to close at 8.90c. Compared with the All Ordinaries index, which rose 18.8 points (or 0.4%) on the day, this was a relative price change of -2.6%.

Price Change %
3-day
1-month
1-year

IPR
-11%
3.5%
-31.5%

Diversified Financials
0.4%
2.7%
-51.2%

All Ordinaries
1.3%
3.6%
9.8%


PRICE VOLUME DYNAMICS

Volatility: the stock traded between an intraday high of 9.10c and a four-day low of 8.90c, suggesting a trading opportunity between peaks and troughs.

Moving average price (MAP) [with equal weightage to prices at close]: the price to 200-day MAP ratio is 0.85, a bearish indicator. In the past 200 days this ratio has been under 0.85 69 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of 9.09c is lower than the 200-day MAP of 10.50c, another bearish indicator.

Exponential Moving Average Price (EMAP) [with higher weightage to recent prices]: in the past 50 days this ratio has been under 0.95 38 times suggesting downside. The 50-day EMAP has decreased to 9.35c. A decrease is another bearish indicator.

Relativities: today its percentile rank in the Australian market was 21. In the Australian market of 1,438 stocks and 79 units traded today, the stock has a 6-month relative strength of 4 indicating it is trailing 96.0% of the market.

Volume: there were 863,120 shares worth $77,431 traded. The volume was 3.7 times average trading of 234,341 shares.

% Discount to high: the last price is at a discount of 44.4% to the 12-month high of 16.0c a year ago on 24 Feb, 2010.

% Premium to low: the last price is at a premium of 17.1% to the 12-month low of 7.60c nine months ago on 31 May, 2010.

Volume weighted price (VWP): the price is at a discount of 4.2% to the 1-month volume weighted average price of 9.0c, which may appeal as a value proposition.

Falls to Rises: In the last three months the number of falls outnumbered rises 26:16 or 1.62:1.

Oversold [Bullish Signal]: the stock is oversold according to the Williams % R indicator of -83.9.


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PRICE PERFORMANCE RANK IN INDEX AND SECTORS

The stock is in 1 index and 2 sectors.

The stock went against the trend set by the following index and sectors:

The Total Australian Market of 1438 stocks and 79 units traded today, which was up 22.2 points or 0.5% to 4,619.9,

All Ordinaries index which was up 18.8 points or 0.4% to 4,983.1,

Diversified Financials sector of 97 stocks and 9 units traded today, which was up 0.4 points or 0.02% to 1,955.

Percentile Rank
1-day
1-month
6-months

IPR
21
57
4

Diversified Financials
62
54
3

All Ordinaries
65
58
44


SHAREHOLDER RETURNS

Trailing one week: the stock fell four times (80% of the time) and rose once (20% of the time). The volume was 5.6 times average trading of 1,171,705 shares. The value of $1,000 invested a week ago is $1,060 [vs $1,028 for the All Ordinaries index], for a capital gain of $60(or rise of 6.0%).

Trailing one month: the stock fell twelve times (57% of the time), rose five times (24% of the time) and was unchanged four times (19% of the time). The volume was 2.7 times average trading of 5,155,502 shares. The value of $1,000 invested a month ago is $1,035 [vs $1,036 for the All Ordinaries index], for a capital gain of $35(or rise of 3.5%).

Trailing one year: the value of $1,000 invested one year ago is $685 [vs $1,138 for the All Ordinaries index], for a capital loss of $315. The total return to shareholders for 1 year is -31.5%.

Trailing five years: the value of $1,000 invested five years ago is $809, for a capital loss of $191.

PV$1000
1-month
1-year

IPR
$1,035
$685

Diversified Financials
$1,028
$534

All Ordinaries
$1,036
$1,138


FINANCIALS

Annual Report for the year ended June 30, 2010 (year-on-year comparisons with previous corresponding period)-

Favourable Changes: debt to equity down 13.38% to 0.01.

Unfavourable Changes: total revenue down 45.94% to $A1.8m ($US1.5m); loss of $A7.4m ($US6.3m); EPS deterioration of 46.79% to -2.29 Australian cents (US-1.95c); EBIT loss of $A7.7m ($US6.6m); losses in 3 years out of the last 5 years; total debt to net tangible assets up from 2.4% to 2.5%; EBITDA loss of $A6.4m ($US5.4m); total liabilities to total assets up 24.71% to 0.2; current ratio down 41.39% to 2.2; Net tangible assets per share down 43.23% to $A0.03307 (US2.8c); operating cash flow is negative; total number of shares outstanding up 7.93% to 322,760,211; Working capital to total assets down 44.13% to 24.9%; total revenue to total assets down 31.76% to 0.1.

Major Common Size Ratios: total non-current assets to total assets up from 39.29% to 54.53%; total current assets to total assets down from 60.71% to 45.47%; cash to total assets down from 54.71% to 39.76%; intangibles to total assets up from 27.59% to 34.54%; fixed assets to total assets up from 7.01% to 10.18%; amortisation to sales up from 7.96% to 78.01%; interest expenses to sales up from 0.38% to 1.77%.

FUNDAMENTALS

P/S: the price/sales ratio is 16.4.

Price to NTA: the price to net tangible asset backing per share is 2.7.

Cash to MCap: the company is cash rich with Cash to Market Capitalisation at 36.4%.

Valuation
IPR
Diversified Financials

P/S
16.4x
2.4x

Size
IPR
Rank in Diversified Financials

MCAP ($)
28.8 million
76

Assets ($)
26.3 million
103

Revenue ($)
1.8 million
94


ISSUED CAPITAL

Based on 323,056,101 issued equity shares the market capitalisation is $28.8 million. It is Australia's 103rd largest Diversified Financials company by assets.

ACTIVITIES

ipernica operates three lines of business that unlock the potential value of intellectual property rights for our clients and also across our own IP portfolio

TOP MANAGEMENT

The managing director is Graham J Griffiths.

BUSINESS NEWS ROUND UP

The last 6 company announcements are:

February 03: ipernica: Settlement of Oracle Litigation

[News Story] Perth, Western Australia - Diversified technology and intellectual property group, ipernica ltd (ASX:IPR), today announced that a joint motion for dismissal of the patent litigation brought against Oracle by ipernica's business associate Financial Systems Technology (Intellectual Property) Pty Ltd ('FST') in the District Court of the Eastern District of Texas has been filed pursuant to the terms of a settlement agreement.

February 03: ipernica earns US$7M revenue

[News Story] Perth, Western Australia - Diversified technology and intellectual property group, ipernica ltd (ASX:IPR), today announced that ipernica expects to shortly receive approximately US$7M from Financial Systems Technology (Intellectual Property) Pty Ltd ("FST") for its services relating to FST's patents.

November 26: Ipernica Non Executive Director resigns

Ipernica Conrad W Crisafulli,Non Executive Director has resigned. The effective date is November 26, 2010.

February 03: ipernica expects $US7m patent revenue

ipernica Ltd expects to shortly receive $US7 million ($A6.9 million) from Financial Systems Technology (Intellectual Property) Pty Ltd for its services relating to FST's patents.After payment of certain contingent legal expenses, ipernica expects to retain $US6.5 million of these revenues.ipernica notes that it will not require further capital injection to fund current nearmap.com operational requirements or growth of the IP assertion portfolio. Source: Newsbites

January 27: Ipernica has $7.5m cash

Ipernica Ltd received $608,000 from customers for the quarter ended December 31, 2010, and net operating outflow was $1,461,000.The cash balance was $7.5 million. Source: Newsbites

November 29: Ipernica director transfers off-market

Ipernica Ltd director Stuart Nixon transferred 5 million options off-market to the chief executive officer of nearmap.com, Simon Crowther, for nil consideration on November 26, 2010.He directly holds 39,026,609 shares and 3,130,544 options, and indirectly holds 1.5 million shares. Source: Newsbites

Currency Conversion: Australian Dollar AUD1= US$1.0155 [or US$1=AUD0.98]; Against the US$ the AUD rose 17.76 basis points (or 0.2%) for the day; increased 0.9% for the week; added 2.7% for the month; soared 21.8% in the past year. $1 = 100c.

Source: www.BuySellSignals.com


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