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08 September, 2010 (16:00:00 AEST) Peninsula Minerals [S&P/ASX 200 Materials] adds 2.7% on high volume rising for a second consecutive day, a two day rise of 5.6% September 08, 2010 16:00:00 AEST Peninsula Minerals (PEN.AU) rose 0.10c (or 2.7%) on high volume to close at 3.80c. Compared with the All Ordinaries index, which fell 34.7 points (or 0.8%) on the day, this was a relative price change of 3.4%. The stock rose for a second day on Wednesday bringing its two-day rise to 0.20c or 5.6%.
TECHNICAL ANALYSIS Uptrend Price Trend: the price climbed 5.6% in the last week and added 2.7% in the last month. Relativities: compared with the All Ordinaries index which rose 1.1% for the week, the stock's rise represented a relative price increase of 4.4% for the week. Today its percentile rank in the Australian market was 83. Support: the support price is hovering at the 3.40c level. Volume traded at the weak support price zone was 0.5 times average during the three occasions when the support price was breached. In the last one month the first low was at 3.40c on Sep 01, the next at 3.40c on Aug 31. The third decline halted at 3.40c on Aug 12. Resistance: the stock is in a short-term spike being above its 50-day moving average price of 3.0c, but below its 200-day moving average price of 4.0c. Resistance is apparent at 4.20c. Volume was 3.5 times average during the single occasion when the resistance price was breached in the last one month. In the last one month the high was at 4.20c on Aug 19. PRICE VOLUME DYNAMICS Volatility: the stock traded between an intraday low of 3.70c and a high of 3.80c, suggesting a trading opportunity between peaks and troughs. Moving average price (MAP) [with equal weightage to prices at close]: in the past 200 days this ratio has been under 0.95 91 times suggesting downside. The 50-day MAP of 3.0c is lower than the 200-day MAP of 4.0c, another bearish indicator. Exponential Moving Average Price (EMAP) [with higher weightage to recent prices]: the price to 50-day EMAP ratio is 0.8, a bearish indicator. In the past 200 days this ratio has been under 0.8 42 times suggesting further downside. Relativities: in the Australian market of 1,278 stocks and 79 units traded today, the stock has a 6-month relative strength of 39 which means it has underperformed 61.0% of the market. Volume: there were 1,660,271 shares worth $62,029 traded. The volume was 0.2 times average trading of 8,110,239 shares. % Discount to high: the last price is at a discount of 37.7% to the 12-month high of 6.10c a year ago on 01 Oct, 2009. % Premium to low: the last price is at a premium of 35.7% to the 12-month low of 2.80c two months ago on 12 Jul, 2010. Volume weighted price (VWP): the price is about the same as its 1-month volume weighted average price of 4.0c. PRICE PERFORMANCE RANK IN INDEX AND SECTORS The stock is in 1 index and 4 sectors. The stock's rise went against the trend set by the following index and sectors: Total Australian Market of 1275 stocks and 79 units traded today, which was down 30.0 points or 0.8% to 3,657.9, Materials sector of 515 stocks traded today, which was down 21.0 points or 0.8% to 2,695.6, All Ordinaries index which was down 34.7 points or 0.8% to 4,578.3, Gold Sector of 269 stocks traded today, which was down 18.5 points or 0.2% to 8,234.0
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS Bullish Signals: - The Price to Book of 1.9 lower than average of 2.5 for the Materials sector and 2.5 for the Total Australian Market. RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS Bullish Signals: - The price climbed 5.6% in the last week and added 2.7% in the last month. - Compared with the All Ordinaries index which rose 1.1% for the week, this represented a relative price increase of 4.4% for the week. Bearish Signals: - In the Australian market of 1,278 stocks and 79 units traded today, the stock has a 6-month relative strength of 39 which means it has underperformed 61.0% of the market. - The price to 50-day EMAP ratio is 0.8, a bearish indicator. In the past 200 days this ratio has been under 0.8 42 times suggesting further downside. - The 50-day MAP of 3.0c is lower than the 200-day MAP of 4.0c. SHAREHOLDER RETURNS Trailing one week: the stock rose three times (60% of the time) and was unchanged twice (40% of the time). The volume was 0.3 times average trading of 40,551,195 shares. The value of $1,000 invested a week ago is $1,086 [vs $1,011 for the All Ordinaries index], for a capital gain of $86(or rise of 8.6%). Trailing one month: the stock fell nine times (39% of the time), rose nine times (39% of the time) and was unchanged five times (22% of the time). The volume was 0.7 times average trading of 178,425,258 shares. The value of $1,000 invested a month ago is $1,027 [vs $999 for the All Ordinaries index], for a capital gain of $27(or rise of 2.7%). Trailing one year: the value of $1,000 invested one year ago is $776 [vs $1,044 for the All Ordinaries index], for a capital loss of $224. The total return to shareholders for 1 year is -22.4%. Trailing five years: a three-bagger in the past five years, the value of $1,000 invested five years ago is $3,551, for a capital gain of $2,551.
FINANCIALS Half Yearly Report released on March 22, 2010; year-on-year comparisons with previous corresponding period: In the half year to December 31, 2009 total revenue was down 18.9% to $125,687; net loss of $2.6 million. Annual Report for the year ended June 30, 2009 (year-on-year comparisons with previous corresponding period)- Favourable Changes: Working capital to total assets up 2.2% to 16.9%. Unfavourable Changes: total revenue down 51.92% to $A245,714 ($US198,856); loss of $A2.7m ($US2.2m); EPS reduced 8.33% to -0.22 Australian cents (US-0.18c); losses in all of the last 5 years; current ratio down 91.11% to 3.9; Net tangible assets per share down 6.4% to $A0.0 (US2.5c); operating cash flow is negative; total number of shares outstanding up 11.45% to 1,070,715,061; total revenue to total assets down 56.45% to 0.007. Major Common Size Ratios: total non-current assets to total assets down from 83.07% to 77.22%; total current assets to total assets up from 16.93% to 22.78%; cash to total assets up from 16.33% to 21.78%; current debtors to total assets up from 0.48% to 0.93%; fixed assets to total assets down from 0.18% to 0.17%; depreciation to revenues up from 2.09% to 6.8%. FUNDAMENTALS Price to cash: the price to cash backing per share is 1.9.
OPTIONS [PENOA:3.0c] There are 137,799,960 options on issue representing 8.5% of total shares on issue. The exercise price of the options is 3.0c and the exercise date is 30/06/2012 [660 days to expire]. The intrinsic value of the options defined by the share price 3.80c less the exercise price is 0.80c. Having potentially dilutive options above 7% of issued shares is not considered desirable by Warren Buffett. Price Trend: [price change of PEN in brackets] PENOA crashed 22.7% for the week [5.6%]; crashed 22.7% for the month [2.7%] and crashed 54.0% for the year [22.4%]. ISSUED CAPITAL Based on 1,629,755,018 issued equity shares the market capitalisation is $61.9 million. It is Australia's 277th largest Materials company by total revenue. ACTIVITIES Acquisition and exploration of mineral tenements. TOP MANAGEMENT The chief executive officer is John (Gus) Simpson. BUSINESS NEWS ROUND UP The last 6 company announcements are: September 06: Peninsula Minerals top twenty shareholders hold 21.39% As at September 06, 2010 the top twenty shareholders of Peninsula Minerals. held 21.39%.Major holdings :
August 20: Peninsula Minerals announces issued capital of 1,629,755,018 Peninsula Minerals (PEN.AU) has announced total shares on issue of 1,629,755,018. The effective date is 16 Aug, 2010. August 03: Peninsula Minerals increases issued capital by 0.1% Peninsula Minerals (PEN.AU) has announced an increase of 1,500,000 shares (or 0.1%) in total share on issue from 1,628,249,898 to 1,629,749,898. The effective date is 14 Jul, 2010. September 07: Peninsula Minerals finds further Ross project high grades Peninsula Minerals Ltd has completed a further 92 development drillholes for a total of 52,572 feet at the Ross project in Wyoming, US.Dr.ll hole RMR0683 intersected 20ft at 390ppm triuranium dioxide (U3O8). Dr.ll hole RMR0597 intersected 7ft at 910ppm U3O8, drill hole RMR0618 intersected 4.5ft at 1,220ppm U3O8 (GT 0.55) including a peak intersection of 2ft at 2,300ppm and drill hole RMR0682 intersected 23.5ft at 174ppm U3O8.Dr.lling at Ross is testing extensions of the known mineral zones identified by the 3D geological mode. Source: Newsbites September 06: Peninsula Minerals seeks $4.1m for US and South African projects Peninsula Minerals Ltd on September 3 announced a 1 option for 4 shares non renounceable entitlement issue at 1c each fully underwritten by Hartleys, to rise up to $4.1 million.Two directors or their nominees have agreed to sub-underwrite 200 million options of the total number of options which form the shortfall to the value of $2 million.The offer, if successful, will provide the company with a significant capital injection which will principally assist in funding the ongoing exploration and development of its uranium projects including permitting and feasibility studies at the Lance projects in the US, on going drilling at the Lance projects and commencement of drilling at the Karoo projects in South Africa. Source: Newsbites July 19: Peninsula finds further Ross, Barber high grades Peninsula Minerals Ltd has intersected further high-grade mineralisation at the Ross and Barber projects in Wyoming, US.At Ross, drill hole RMR0515 intersected 19.5 ft at 390ppm triuranium dioxide (U3O8), while drill hole RMR0361 intersected 4 ft at 1,550ppm U3O8 including a peak intersection of 2 ft at 2,700ppm.At Barber, drill hole RMR0559 intersected 6 ft at 1,200ppm U3O8 including a peak intersection of 3 ft at 2,020ppm.Executive chairman Gus Simpson says the results are adding pounds and increasing the status of the existing resource. Source: Newsbites Currency Conversion: Australian Dollar AUD1= US$0.9139 [or US$1= AUD1.09]; Against the US$ the AUD declined 37.07 basis points (or 0.4%) for the day; increased 0.6% for the week; increased 1.8% for the month; rose 1.7% in the past year. $1 = 100c. Source: www.BuySellSignals.com |