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30 August, 2010 (16:00:00 AEST) Sterling Biofuels International [S&P/ASX 200 Utilities] closes at 43.5% above VWP August 30, 2010 16:00:00 AEST Sterling Biofuels International (SBI.AU), Australia's 176th largest energy company by market capitalisation, closed unchanged at 5.0c. The price is at a premium of 43.5% to the 1-month volume weighted average price of 3.0c. In the past year the premium has been greater than 43.5% just three times, suggesting a topish level and cautious buying at the current price. Compared with the All Ordinaries index, which rose 79.0 points (or 1.8%) on the day, this was a relative price change of -1.8%.
PRICE VOLUME DYNAMICS Relativities: today its percentile rank in the Australian market was 34. In the Australian market of 1,251 stocks and 83 units traded today, the stock has a 6-month relative strength of 75 which means it has outperformed 75% of the market. Volume and turnover period: there were 10,000 shares worth $500 traded. The volume was 0.7 times average trading of 14,261 shares. The turnover rate in the 12 months to date was 5.5% (or a turnover period of 18 years 2 months). % Discount to high: the last price is at a discount of 50.0% to the 12-month high of 10.0c eleven months ago on 20 Oct, 2009. PRICE PERFORMANCE RANK IN INDEX AND SECTORS The stock is in 1 index and 3 sectors. The following index and sectors rose: All Ordinaries index which was up 79.0 points or 1.8% to 4,483.1, Total Australian Market of 1250 stocks and 83 units traded today, which was up 58.2 points or 1.7% to 3,573.2, Energy sector of 179 stocks traded today, which was up 49.4 points or 1.5% to 3,440.
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS Bullish Signals: - Price/Sales of 0.77 versus sector average of 2.7 and market average of 1.5. - The Price to Book of 0.3 lower than average of 2.9 for the Energy sector and 2.4 for the Total Australian Market. RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS Bullish Signals: - The price soared 28.2% in the last month. - This has been propped up by strong volume of 6.2 times average for the month. - In the Australian market of 1,251 stocks and 83 units traded today, the stock has a 6-month relative strength of 75 indicating it has outperformed 75% of the market. Bearish Signals: - In the last three months the stock has hit a new 52-week low nine times, pointing to a significant downtrend. SHAREHOLDER RETURNS Trailing one week: the stock was untraded three times (60% of the time), was unchanged once (20% of the time) and rose once (20% of the time). The volume was 1.4 times average trading of 71,305 shares. Trailing one month: the stock was untraded thirteen times (62% of the time), rose six times (29% of the time) and was unchanged twice (10% of the time). The volume was 6.2 times average trading of 313,742 shares. The value of $1,000 invested a month ago is $1,282 [vs $995 for the All Ordinaries index], for a capital gain of $282(or rise of 28.2%).
FINANCIALS Half Yearly Report released on April 06, 2010; year-on-year comparisons with previous corresponding period: In the half year to December 31, 2009 net loss of $2.2 million. Annual Report for the year ended June 30, 2009 (year-on-year comparisons with previous corresponding period)- EBIT to total assets of -45.9%. Favourable Changes: total liabilities to total assets down 40.63% to 0.1. Unfavourable Changes: loss of $A5.0m ($US4.1m); EPS reduced 59.63% to -7.73 Australian cents (US-6.26c); EBIT loss of $A4.9m ($US4.0m); losses in all of the last 4 years; total debt to net tangible assets up from 0.6% to 0.6%; debt to equity up 7.17% to 0.006; current ratio down 54.58% to 2.1; Net tangible assets per share down 24.11% to $A0.2 (US12.6c); operating cash flow is negative; Working capital to total assets down 82.7% to 5.6%. Steady: total number of shares outstanding steady at 65,000,000. Major Common Size Ratios: total non-current assets to total assets up from 58.77% to 89.19%; fixed assets to total assets up from 46.39% to 68.16%; total current assets to total assets down from 41.23% to 10.81%; cash to total assets down from 36.3% to 7.09%; current inventory to total assets down from 3.1% to 1.83%. FUNDAMENTALS P/S: the price/sales ratio is attractive at 0.8. Price to NTA: the price to net tangible asset backing per share is 0.3.
ISSUED CAPITAL Based on 65,000,000 issued equity shares the market capitalisation is $3.2 million. It is Australia's 132nd largest Energy company by assets. ACTIVITIES Sterling Biofuels International is engaged in the construction of a 100,000 ton per annum multifeedstock biodiesel manufacturing plant at Lahad Datu in the Malaysian state of Sabah. Its operations are based in Malaysia. BUSINESS NEWS ROUND UP The last 5 company announcements from News Bites are: April 29: Sterling Biofuels director's initial, final share holding Sterling Biofuels International Ltd director Adam Sierakowski's final share holding is 280,000 options and 98,000 shares held directly. He resigned on April 29, 2010 and was replaced by Graham Keys.Mr.Keys directly holds 7,000 shares and indirectly holds 7,000 shares. February 24: Sterling Biofuels half-year loss up 39% to $2.2m Sterling Biofuels International Ltd increased its net loss by 39% to $2.2 million on revenue down 8% to $97,000 for the half-year to December 31, 2009, compared with the previous corresponding period.The $2.2 million loss included $1.2 million loss from foreign currency translation compared with a gain of $5.2 million previously, and a non-cash loss of $0.8 million from depreciation and amortisation.Loss per share was 3.32c.Cash was $31.8 million.The company said the biodiesel industry remained in a state of flux with no concerted direction from governments in relation to climate change. January 27: Sterling Biofuels has $32k cash Sterling Biofuels Ltd had cash outflows of $86,000 for the December quarter 2009.Operating cash outflows were $592,000; receipts from customers were $65,000.Investing cash flows, largely from the purchase of non-current assets, were $90,000.Financing cash flows were $596,000.Cash at the end of the quarter was $32,000, down from $119,000. August 28, 2009: Sterling Biofuels has $5k FY09 loss Sterling Biofuels Ltd reduced its loss to $5,024 in the year to June 30, 2009, from a previous $12,449 loss, on revenue up from $1.1 million to $4.2 million. There was no dividend. Cash was down 85.8% to $762,000.During the year, Sterling remobilised its Malaysian biodiesel plant, but was not able to maintain continuous production, due to fallling biodiesel prices.In April, the company began cost-cutting measures. July 27, 2009: Sterling Biofuels has $762k cash Sterling Biofuels International Ltd had $3,903,000 receipts from customers in the June quarter, and the net operating cash inflow was $3,390,000.The cash balance was $762,000. Currency Conversion: Australian Dollar AUD1= US$0.899 [or US$1= AUD1.11]; Against the US$ the AUD was unchanged for the day; climbed 1.6% for the week; fell 2.1% for the month; increased 2.4% in the past year. $1 = 100c. Source: www.BuySellSignals.com |