CPK 0.00% 0.7¢ cp1 limited

...or it could be the bargain of the year

  1. 1,821 Posts.
    Thanks to craigl for the following:

    Found this report from an international scanning site:
    05 March, 2008 (16:00:00 AEST)

    CP1 HITS YEAR-LOW 17TH TIME IN THREE MONTHS March 05, 2008 16:00:00 AEST

    CP1 (CPK), Australia's 15th largest Real Estate Investment Trusts company by market capitalisation, hit a 52-week low of 15.50c during the day. In the last three months the stock has hit a new 52-week low seventeen times, pointing to a significant downtrend. The stock fell for a third day on Wednesday. The share price crashed 2.0c (or 11.1%) to 16.0c. Compared with the All Ordinaries Index which fell 7.6 points (or 0.1%) on the day, this represented a relative price change of -11.0%.

    TECHNICAL ANALYSIS
    Significant Downtrend
    Price Volume Trend: The price crashed 50.0% in the last week and 66.7% in the last month. This has been exacerbated by strong volume of 6.0 times average for the week and by firm volume 1.8 times average for the month. In the last three months the number of falls outnumbered rises 30:19 or 1.58:1.
    Relativities: Compared with the All Ordinaries Index which fell 4.8% for the week and 7.6% for the month, this represented a relative price decrease of 45.4% for the week and 59.2% for the month. Since open its percentile rank in the Australian market was 5. In the Australian market of 2,093 stocks, the stock has a 6-month relative strength of 2 indicating it is trailing 98.0% of the market.
    Moving Average Price (MAP): The price to 200-day MAP ratio is 0.26, a bearish indicator. The stock is trading below both its MAPs and the 50-day MAP of 44.67c is lower than the 200-day MAP of 62.36c, a bearish indicator. The 200-day MAP has decreased to 62.36c. A decrease is another bearish indicator.
    Breakdown: The bears are maintaining control with price open, high, low and close being below yesterday's levels.
    Support: The support price is hovering at the 15.50c level. Volume traded at the support price zone was 9.9 times average during the single occasion when the support price was breached. In the last one month the first low was at 15.50c on Mar 05.
    Resistance: Previous rallies have been met with resistance at 49.0c. However, selling pressure at that level has been weak; volume was 0.4 times average during the three occasions when the resistance price was breached in the last one month. In the last one month the highest was at 49.0c on Feb 11, the second highest at 49.0c on Feb 07. The third advance halted at 49.0c on Feb 06.

    PRICE VOLUME DYNAMICS
    Volatility: The stock traded between an intraday low of 15.50c and a high of 18.0c. This suggests a trading opportunity between peaks and troughs.
    Volume and Turnover Period: There were 1,316,374 shares worth $214,932 traded. The volume was 9.9 times average trading of 133,175 shares. The turnover rate in the 12 months to date was 14.6% (or a turnover period of 6 years 10 months). This average length of ownership of the stock at 6.2 times the average holding period of 1 year 39 days for stocks in the S&P/ASX 200 Index suggests a larger number of core investors, making a long-term investment safer.
    % Disc to Hi and % Prem to Lo: The last price is at a discount of 80.8% to the 12-month high of 83.50c and a premium of 3.2% to the 12-month low of 15.50c.
    Volume Weighted Price (VWP): The price is at a discount of 40.6% to the 1-month volume weighted average price of 26.95c, which may appeal as a value proposition.

    PRICE PERFORMANCE RANK IN INDEX AND SECTORS
    The stock is in 1 index and 5 sectors.
    The following sectors fell setting the trend for its fall (rank by percentage price change of stock in sector/index in brackets):
    Quarterly Reporting Entities Sector (rank 301 out of 488) which was down 49.3 points or 0.4% to 11,862.7,
    Total Australian Market -x- All Ordinaries Sector (rank 794 out of 1433) which was down 17.0 points or 0.3% to 6,500.0,
    Industrials Sector (rank 695 out of 1070) which was down 6.9 points or 0.2% to 4,735.5
    The stock's fall went against the trend set by the following index and sector:
    S&P/ASX 200 Property Trusts Index (rank 65 out of 103) which was up 21.3 points or 1.3% to 1,635.9,
    Real Estate Investment Trusts Sector (rank 16 out of 24) which was up 17.4 points or 0.4% to 4,525.
    The Real Estate Investment Trusts company sector is the 26th largest by market capitalisation out of Australia's 52 sectors. It is made up of 24 publicly listed companies with a combined market capitalisation of $37.1 billion. In 2007 earnings for the sector grew 38.1% compared with those of 2006. The main players in the sector include Stockland, GPT Group, Mirvac Group and ING Industrial Fund.

    RELATIVE VALUATION INDICATORS [RVI]
    CP1 vs Real Estate Investment Trusts Sector [Real Estate Investment Trusts Sector Average in Brackets]
    Better than Sector Average: Return on Equity of 25.4% [19.7%]; rank 238 out of 996 stocks.
    Worse than Sector Average: Return on Assets of 10.4% [12.1%]; rank 311 out of 1010 stocks.

    SHAREHOLDER RETURNS
    Trailing One Week: The stock fell four times (80% of the time) and rose once (20% of the time). The volume was 6.0 times average trading of 665,875 shares. The value of $1,000 invested a week ago is $421 [vs $953 for the All Ordinaries Index], for a capital loss of $579.
    Trailing One Month: The stock fell twelve times (57% of the time), was unchanged four times (19% of the time), rose four times (19% of the time) and was untraded once (5% of the time). The volume was 1.8 times average trading of 2,929,850 shares. The value of $1,000 invested a month ago is $333 [vs $927 for the All Ordinaries Index], for a capital loss of $667.
    Trailing One Year: The value of $1,000 invested one year ago is $234 [vs $988 for the All Ordinaries Index], including a capital loss of $795 and dividend reinvested of $29. The total return to shareholders for 1 year is -76.6%.
    Trailing Five Years: The value of $1,000 invested five years ago is $695, including a capital loss of $648 and dividend reinvested of $342.

    FINANCIALS
    Annual Report for the year ended June 30, 2007 (year-on-year comparisons with previous corresponding period)-
    EPS of $A0.2 (14.1c); total debt to net tangible assets of 1.1; debt to equity of 1.1.
    Favourable Changes: net profit growth 20.7% to $A36.8m ($US29.1m); a 5-year track record of positive earnings; total liabilities to total assets down 27.6% to 0.6; NTA per share up 65.3% to $A0.6 (48.3c).
    Unfavourable Changes: total revenue down 7.1% to $A138.8m ($US109.5m); interest cover down 53.3% to 21.7; current ratio down 8.8% to 1.1; operating cash flow is negative; trailing 12 months dividend down 10.0% to $A0.1 (7.1c); total number of shares outstanding up 68.3% to 236,733,269.
    Major Common Size Ratios: total current assets to total assets up from 42.9% to 58.1%; cash to total assets down from 0.8% to 0.1%; fixed assets to total assets down from 0.3% to 0.1%; EBITD to Revenues of 41.8%; EBIT to Revenues of 41.6%; profit before tax to revenues of 39.7%; profit after tax to revenues of 26.5%; interest expenses to revenues of 1.9%.

    FUNDAMENTALS
    Earnings: The earnings yield of 111.4% is 18.1 times the 10-year bond yield of 6.1%.
    P/S: The price/sales ratio is attractive at 0.3.
    Price to NTA: The price to net tangible asset backing per share is 0.3.

    ISSUED CAPITAL
    Based on 236,733,269 issued shares the market capitalisation is $37.9 million.

    ACTIVITIES
    Property development, financial services and commercial land management.

    TOP MANAGEMENT
    The Director is Daniel Grollo

    Currency Conversion: Australian Dollar AUD 1 = US$ 0.9337 [or US$1=AUD 1.07]; Against the US$ the AUD declined 42.66 basis points (or 0.4%) for the day; increased 0.7% for the week; advanced 4.3% for the month; soared 27.7% for the year.


    Source: www.BuySellTips.com

    Based on the above numbers, bearing in mind that there are $A and $US figures, the stock's trading at just over 1/4 of it NTA, with a Divi yield over 50% partially franked.
 
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