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27 January, 2010 (16:00:00 AEST) Sterling Biofuels International [S&P/ASX 200 Utilities] unchanged on weak volume January 27, 2010 16:00:00 AEST Sterling Biofuels International (SBI.AU), Australia's 39th largest chemicals company by market capitalisation, closed unchanged at 6.10c. Compared with the All Ordinaries index, which fell 73.1 points (or 1.5%) on the day, this was a relative price change of 1.5%. The volume was 0.4 times average trading of 51,917 shares.
PRICE VOLUME DYNAMICS Relativities: today its percentile rank in the Australian market was 78. In the Australian market of 1,418 stocks traded today, the stock has a 6-month relative strength of 4 indicating it is trailing 96.0% of the market. Volume and turnover period: there were 20,000 shares worth $1,220 traded. The turnover rate in the 12 months to date was 20.0% (or a turnover period of 5 years ). % Discount to high: the last price is at a discount of 44.6% to the 12-month high of 11.0c seven months ago on 20 Jul, 2009. Volume weighted price (VWP): the price is at a discount of 15.6% to the 1-month volume weighted average price of 7.0c, which may appeal as a value proposition. PRICE PERFORMANCE RANK IN INDEX AND SECTORS The stock is in 1 index and 2 sectors. The following index and sectors fell : Total Australian Market of 1418 stocks traded today, which was down 261.4 points or 2.0% to 12,980.6, All Ordinaries index which was down 73.1 points or 1.5% to 4,670.0, Chemicals sector of 40 stocks traded today, which was down 65.4 points or 0.9% to 7,094.8
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS Bullish Signals: - Price/Sales of 0.94 versus sector average of 67.7 and market average of 14.2. - The Price to Book of 0.4 lower than average of 7.2 for the Total Australian Market. Bearish Signals: - Return on Equity of -49.5% versus sector average of 13.2% and market average of 18.0%. - Return on Assets of -46.8% versus sector average of 7.2% and market average of 6.6%. RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS Bearish Signals: - Compared with the All Ordinaries index which fell 2.6% for the month, this represented a relative price decrease of 3.6% for the month. - In the Australian market of 1,418 stocks traded today, the stock has a 6-month relative strength of 4 indicating it is trailing 96.0% of the market. SHAREHOLDER RETURNS Trailing one week: the stock was untraded twice (40% of the time), was unchanged once (20% of the time), fell once (20% of the time) and rose once (20% of the time). The volume was 0.2 times average trading of 259,585 shares. The value of $1,000 [vs $954 for the All Ordinaries index] invested a week ago is unchanged. Trailing one month: the stock was untraded thirteen times (65% of the time), was unchanged three times (15% of the time), rose three times (15% of the time) and fell once (5% of the time). The volume was 0.4 times average trading of 1,142,174 shares. The value of $1,000 invested a month ago is $938 [vs $974 for the All Ordinaries index], for a capital loss of $62(or loss of 6.2%). Trailing one year: the value of $1,000 invested one year ago is $762 [vs $1,414 for the All Ordinaries index], for a capital loss of $238. The total return to shareholders for 1 year is -23.8%. Trailing five years: the value of $1,000 invested five years ago is $61, for a capital loss of $939.
FINANCIALS 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 $A-0.08 (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 0.9. Price to NTA: The net tangible asset backing per share is 15.60c. The price to net tangible asset backing per share is 0.4.
ISSUED CAPITAL Based on 65,000,000 issued shares the market capitalisation is $4 million. It is Australia's 67th largest Chemicals 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. TOP MANAGEMENT The chairman is Crs Paragash. REPORTED BUYING Reported Buying: April 23: Sterling Biofuels International substantial shareholder buys Sterling Biofuels International (SBI.AU) substantial shareholder Lim Wai Foong bought 3,561,623 shares between November 20, 2008 and April 15, 2009. and now holds 7123246. The last price was $1.0. June 17, 2008: STERLING BIOFUELS INTERNATIONAL SUBSTANTIAL SHAREHOLDER BUYS Sterling Biofuels International (SBI) substantial shareholder Devonshire Funds bought 760,000 shares worth $575,973 between January 31 and June 13, 2008. Devonshire Funds previously held 6,620,421 shares (or 10.2%) and now holds 7,380,421 shares (or 11.4%). The last price was 75.79c. March 25, 2008: STERLING BIOFUELS INTERNATIONAL SUBSTANTIAL SHAREHOLDER BUYS Sterling Biofuels International (SBI) substantial shareholder Devonshire Funds bought 925,684 shares worth approximately $64,798 between March 06 and March 19, 2008. Devonshire Funds previously held 3,997,696 (or 6.2%) and now holds 4,923,380 (or 7.6%). The last price was 7.0c. BUSINESS NEWS ROUND UP The last 5 snippets from News Bites are: August 28: 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: 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. June 17: Lim Foong buys 5m Sterling Biofuels shares Lim Wai Foong bought 5,086,795 Sterling Biofuels International shares for $502,264 between April 15 and June 12, increasing from 3,561,623 shares (5.48%) to 8,648,418 shares (14.41%). June 09: Devonshire sells 2.2m Sterling Biofuels shares Devonshire Funds sold a net 2,223,000 Sterling Biofuels International shares on-market between June 30 and June 5, decreasing from 8,605,535 shares (13.24%) to 6,382,535 shares (9.82%). April 27: Sterling Biofuels has $817k cash Sterling Biofuels International Ltd had $89,000 receipts from customers in the March quarter and the net operating cash outflow was $684,000.The cash balance was $817,000. Currency Conversion: Australian Dollar AUD 1 = US$ 0.9023 [or US$1=AUD 1.11]; Against the US$ the AUD declined 26.53 basis points (or 0.3%) for the day; weakened 0.3% for the week; declined 1.1% for the month; surged 16.1% in the past year. $1 = 100c. Source: www.BuySellSignals.com |