Latest Stock Report (from Australian Company News Bite)
SOIL SUB TECHNOLOGIES DECREASES 1.1% ON FIRM VOLUME, IN SIGNIFICANT DOWNTREND May 14, 2008 14:00:00 AEST
Soil Sub Technologies (SOI) decreased 0.50c (or 1.1%) to 46.50c. Compared with the All Ordinaries Index which rose 55.4 points (or 0.9%) on the day, this represented a relative price change of -2.0%.
TECHNICAL ANALYSIS
Significant Downtrend Price Volume Trend: The price plunged 7.0% in the last week and fell 3.1% in the last month. This was on volume of 1.1 times average for week and 1.1 times times for month.
Relativities: Since open its percentile rank in the Australian market was 26.
Spotting the Top or Distribution: The price was down on higher volume today. There have been four such events of Distribution in the last three weeks. Combined with the fact that today's close of 46.50c was lower than today's mid-bounce price [average of price high and price low] of 47.5 is a bearish signal.
Breakdown: In the last three months the stock has hit a new 52-week low five times, pointing to a downtrend. Support: The support price is hovering at the 38.50c level. Volume traded at the support price zone was 2.5 time average during the single occasion when the support price was breached. In the last one month the first low was at 38.50c on Apr 28.
Resistance: Resistance is apparent at 55.50c. Volume was 2.2 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 55.50c on May 07.
PRICE VOLUME DYNAMICS
Volatility: The stock traded between an intraday low of 46.50c and three-day high of 48.50c.
Relativities: In the Australian market of 2,084 stocks, the stock has a 6-month relative strength of 82 which means it is beating 82% of the market.
Volume and Turnover Period: There were 59,000 shares worth $28,158 traded. The volume was 1.9 times average trading of 31,301 shares. The turnover rate in the 12 months to date was 3.6%. This average length of ownership of the stock at 26.2 times the average holding period of 1 year 24 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 High and % Prem to Low: The last price is at a discount of 51.0% to the 12-month high of 95.0c and a premium of 20.8% to the 12-month low of 38.50c.
Volume Weighted Price (VWP): The price is at a premium of 0.8% to the 1-month volume weighted average price (VWP) of 46.14c. In the past year the premium has been greater than 0.8% just six times, suggesting a topish level and cautious buying at the current price.
SHAREHOLDER RETURNS
Trailing One Week: The stock fell three times (60% of the time) and rose twice (40% of the time). The volume was 1.1 times average trading of 156,505 shares. The value of $1,000 invested a week ago is $930 [vs $1,032 for the All Ordinaries Index], for a capital loss of $70.
Trailing One Month: The stock rose eleven times (52% of the time), fell nine times (43% of the time) and was unchanged once (5% of the time). The volume was 1.1 times average trading of 688,622 shares. The value of $1,000 invested a month ago is $969 [vs $1,099 for the All Ordinaries Index], for a capital loss of $31.
Since Listing: The value of $1,000 invested on the listing date of March 27, 2008 at issue price of $1.0 is $465 [vs $976 for the All Ordinaries Index], for a capital loss of $535. The total return to shareholders since listing is -53.5%.
ISSUED CAPITAL
Based on 44,966,153 issued shares the market capitalisation is $21 million.
ACTIVITIES
Manufacture and distribution of soil substitutes
SOI Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
