pna -strong buy

0.745 close today punters lining up for large buy orders.rally next week . gd to holders.
the recent downgrade by some of the brokers has retrace the sp but is a golden egg and gonna burst anytime soon.cant get better value than the recent sp.STRONG BUY based on :

* Panaust is the Australia's 24th largest materials company with a market capitalization of $2.2 billion. Among materials companies it has the 37th highest total assets and 29th highest revenues. It has a strong relative ROE of 4.4% and ROA of 3.2%.

*The price soared 11.9% in the last month.
This has been propped up by firm volume of 1.5 times average for the month.

*Compared with the All Ordinaries index which rose 0.7% for the month, this represented a relative price increase of 11.2% for the month.

*In the Australian market of 1,350 stocks and 72 units traded today, the stock has a 6-month relative strength of 84 which means it is beating 84% of the market.

*The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1 ,41 times suggesting further upside.

*The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving
Average (EMA) minus the 26-day EMA is positive suggesting a bullish signal.

*The stock is trading above both its MAPs and the 50-day MAP of 67.0c is higher than the 200-day MAP
of 56.0c.

*The 200-day MAP has increased to 56.0c.

*In the last three months the stock has hit a new 52-week high ten times, pointing to a significant uptrend

*Trailing one month
The stock fell nine times (41% of the time), rose eight times (36% of the time) and was unchanged five times (23% of the time). The volume was 1.5 times average trading of 434,306,048 shares. The value of $1,000 invested a month ago is $1,119 [vs $1,008 for the All Ordinaries index], for a capital gain of $119(or rise of 11.9%).

*Trailing one year
The value of $1,000 invested one year ago is $1,466 [vs $996 for the All Ordinaries index], for a capital gain of $466. The total return to shareholders for 1 year is 46.6%.

*Total debt to net tangible assets down from 2,076.7 to 197.1

*Based on 2,954,376,819 issued equity shares the market capitalisation is $2.2 billion. It is Australia's 37th largest Materials company by assets.