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Beyond Sportswear International trails 98.2% of stocks, price 10.5 ...
AUSTRALIA THURSDAY, JANUARY 21 2010 Beyond Sportswear Beyond Sportswear International trails 98.2% of International stocks, price 10.5% below volume weighted price (BSI) Beyond Sportswear International, Australia's 17th largest retail/wholesale company by market capitalisation, slid 0.10c (or 5.9%) to close at 1.60c. In L-T Rating: Sell the Australian market of 1,426 stocks traded today, the stock has a 6- S-T Rating: Sell month relative strength of 2 indicating it is trailing 98.0% of the market. Compared with the All Ordinaries index, which fell 45.5 points (or 0.9%) on the day, this was a relative price change of -5.0%. Long-Term Recommendation: Sell Beyond Sportswear International is Australia's 17th largest retail/wholesale company with a market capitalization of $5.6 million. Among retail/wholesale companies it has the 46th highest total assets and 37th highest revenues. Short-Term Recommendation: Sell Its 52-week range has been 4.50c to 0.70c; it is trading at a discount of Shares Outstanding: 349,917,264 64.4 % to its 52-week high and a premium of 128.6 % to its 52-week low. Market Cap: $5.6 million Its 30-day average volatility has been a relatively high 0 %. $1,000 invested Closing Price: 1.60c exactly one year ago is now worth $640 of which $360 is a capital loss. Recommended stop loss: 1.48c Stock Dashboard™ Price Change -0.10c / -5.88% All Ordinaries -45.5 / -0.93% index Change Relative Change -4.95% Volume Index 0.42 (Average=1) 52-Week High 4.50c % Disc to High 64.44% 52-Week Low 0.70c % Prem to Low 128.57% Price/Earnings 0x Price/NTA 0x Yield % 0% Present Value $640 $1000 (1 year) Change in MAP-200 Momentum 1 Day Momentum 1 Month Copyright BuySellSignals Financial Research. Please refer to Disclaimer at end of document. Summary of Links - Peer Comparison- Sector Comparison RELATIVE VALUATION INDICATORS - RVI™ - FUNDAMENTAL ANALYSIS Bearish Signals: Return on Equity of -5.7% versus sector average of 26.6% and market average of 18.0%. Return on Assets of -2.0% versus sector average of 12.1% and market average of 6.5%. RELATIVE VALUATION INDICATORS - RVI™ - TECHNICAL ANALYSIS Bearish Signals: In the Australian market of 1,426 stocks traded today, the stock has a 6- month relative strength of 2 indicating it is trailing 98.0% of the market. In the last three months the stock has hit a new 52-week low once. PRICE VOLUME DYNAMICS Relativities Today its percentile rank in the Australian market was 10. Volume and turnover period There were 33,333 shares worth $533 traded. The volume was 0.4 times average trading of 79,130 shares. The turnover rate in the 12 months to date was 5.7% (or a turnover period of 17 years 7 months). Turnover 17 years 7 Stock months 2 years 6 Sector months Volume weighted price (VWP) The price is at a discount of 10.5% to the 1-month volume weighted average price of 2.0c, which may appeal as a value proposition. PRICE PERFORMANCE RANK The stock is in 2 sectors. The following index and sector fell setting the trend for its fall of 5.9%: All Ordinaries index which was down 45.5 points or 0.9% to 4,849.6, Retail/Wholesale sector of 18 stocks traded today, which was down 13.2 points or 0.2% to 7,537.3 The stock went against the trend set by Total Australian Market of 1426 stocks traded today, which was up 146.4 points or 1.1% to 13,666. BuySellSignals Financial Research. Stock Ranking by Percentage Price Change, versus Index and Sectors for 1 day and 6 months Rank of Rank of Total Number of Stock Stock Stocks in 1 Day 6 Months Sector/Index Retail/Wholesale sector 16 18 23 All Ordinaries index 412 Total Australian Market 1284 1399 1681 SHAREHOLDER RETURNS Trailing one week The stock was untraded three times (60% of the time), fell once (20% of the time) and rose once (20% of the time). The volume was 0.4 times average trading of 395,650 shares. Trailing one month The stock was untraded fifteen times (75% of the time), fell three times (15% of the time), was unchanged once (5% of the time) and rose once (5% of the time). The volume was 1.1 times average trading of 1,740,860 shares. The value of $1,000 invested a month ago is $842 [vs $1,039 for the All Ordinaries index], for a capital loss of $158(or loss of 15.8%). Trailing one year The value of $1,000 invested one year ago is $640 [vs $1,465 for the All Ordinaries index], for a capital loss of $360. The total return to shareholders for 1 year is -36.0%. ISSUED CAPITAL Based on 349,917,264 issued shares the market capitalisation is $5.6 million. It is Australia's 46th largest Retail/Wholesale company by assets. TOP MANAGEMENT The managing director is Gary March and the chief executive officer and director is Glen Casey. BuySellSignals Financial Research. REPORTED BUYING SELLING January 13: Beyond Sportswear International director buys Beyond Sportswear International (BSI.AU) director Rod Butterss bought 238,863 shares worth $4,300 on January 07, 2010. Rod Butterss previously held 74,919,114 shares (or 20.2%) and now holds 75,627,978 shares (or 21.6%). The last price was 2.0c. April 09: Beyond Sportswear International substantial shareholder sells Beyond Sportswear International (BSI.AU) substantial shareholder Furneaux Management Pty Ltd sold 3,119,972 shares worth approximately $68,639.4 between July 30, 2008 and April 09, 2009. Furneaux Management Pty Ltd previously held 22,719,972 shares (or 10.4%) and now holds 19,600,000 shares (or 5.6%). The last price was 2.0c. July 11: BEYOND SPORTSWEAR INTERNATIONAL SUBSTANTIAL SHAREHOLDER SELLS Company substantial shareholder Furneaux Management sold 406,329 shares worth approximately $17,066 between April 08 and July 08, 2008. Furneaux Management previously held 23,126,301 shares (or 11.9%) and now holds 22,719,972 shares (or 10.4%). The last price was 4.20c. Shares No. of No. of Date Name Held Shares At Price Shares Previously Close 30-07- 22,719,972 2008, Furneaux Management 3,119,972 19,600,000 shares 5.0c 09-04- Pty Ltd shares shares (5.62%) (10.42%) 2009 Shares No. of No. of Date Name Held Shares At Price Shares Previously Close 74,919,114 75,627,978 07-01- 238,863 shares Rod Butterss shares shares 1.60c 2010 worth $4,300 (20.17%) (21.61%) COMPANY ANNOUNCEMENTS: RECENT HEADLINES AND SNIPPETS January 13, 2010: Rod Butterss buys 239k Beyond Sportswear shares Rod Butterss bought 238,863 Beyond Sportswear International shares for $4,300 on January 7, increasing from 74,919,114 shares (20.17%) to 75,627,978 shares (21.61%). (Source: NewsBites) September 01, 2009: Beyond Sportswear has $600k FY09 turnaround loss Beyond Sportswear International Ltd reported a $600,000 loss in the year to June 30, 2009, compared with a previous $3.2 million profit, on revenue up 12.4% to $30.8 million. The $700,000 loss included a $5 million increase in raw materials and consumables used, a $1.3 million increase in employee benefits expenses and a $1 million increase in other expenses.There was no dividend. Cash was down 47.7% to $390,000. The company said its tightened focus on merchandise and events, together with the cost reduction and redundancies in the apparel businesses resulted in a $4.5 million write- down of stock and associated costs.Its focus for 2009-10 includes the manufacture and distribution of sports apparel to the school and teamwear market. (Source: NewsBites) August 18, 2009: Beyond Sportswear has negative $794k cash Beyond Sportswear International Ltd had $9 million receipts from customers in the June 2009 quarter, and the net operating cash inflow was $676,000.The cash balance was negative $794,000.The company undertook a pro-rata rights issue to raise $2,704,551, of which $416,044 was cash and $2,288,507 was non cash.Of the $5,931,000 loan facilities, the company used up $5,517,000.(Source: NewsBites) August 11, 2009: Beyond Sportswear director's final shareholding Beyond Sportswear International Ltd advised the final share holding of former director Gary March of 26,206,022 shares and 1,000,000 options held directly. He resigned on August 11, 2009.(Source: NewsBites) BuySellSignals Financial Research. August 11, 2009: Beyond Sportswear expects to reach forecast $3m profit Beyond Sportswear International Ltd expects operating EBITDA from continuing operations for full year 2009 to be in line with previous guidance of $3 million.The company said it marked a year of development of its strategy to have a greater focus on manufacturing and distribution for its key brands Kea and Kombat. Also founding director Gary March is retiring as a non-executive director. He will remain a consultant and continues to be a substantial shareholder.The company will continue to have a clear focus on manufacture and distribution of sports apparel to the school and team sports markets. This area of the business has performed well over full year 2009 and is expected to continue to perform well over full year 2010. The company has also received expressions of interest from a number of par(Source: News Bites) June 05, 2009: Beyond Sportswear director transfers off-market Beyond Sportswear International Ltd director Gary March transferred 16,000 shares worth $480 off-market on May 16, 2009.He holds 26,206,022 shares and 1,000,000 options.(Source: NewsBites) May 06, 2009: Kellett Family buys 44.4m Beyond Sportswear shares Kellett Family Trust bought 44,444,444 Beyond Sportswear International shares for $1,000,000 pursuant to underwriting of a rights offer on April 9, becoming a substantial holder with 44,444,444 shares (12.74%).(Source: NewsBites) May 01, 2009: Beyond Sportswear has $1m cash Beyond Sportswear International Ltd had $9,845,000 receipts from customers in the March quarter and the net operating cash inflow was $338,000.The cash balance was $1,011,000.(Source: NewsBites) April 14, 2009: Beyond Sportswear directors take up rights Beyond Sportswear International Ltd director Glen Casey bought 3,438,028 shares for $77,356.Via a right issue.Mr Casey indirectly holds 8,938,874 shares.Director Gary March bought 5,911,110 shares for $133,000. Mr March holds 26,190,022 shares and 1,000,000 options. Director Jeffrey Taylor bought 1,777,777 shares for $40,000. Mr Taylor indirectly holds 10,683,025 shares.All shares were acquired on April 9, 2009 via an exercise of the non-renounceable rights issue entitlements.(Source: NewsBites) April 09, 2009: Furneaux Mgmt sells 3.1m Beyond Sportswear shares Furneaux Management Pty Ltd sold a net 3,119,972 Beyond Sportswear International shares, decreasing from and being diluted to 22,719,972 shares (10.42%) and 19,600,000 shares (5.62%), between July 30 and April 9, 2009.(Source: NewsBites) March 05, 2009: Beyond Sportswear seeks $3.2m in rights issue Beyond Sportswear International Ltd is seeking $3.2 million in a non- renounceable rights issue on a 1-for-1.6 basis at an issue price of 2.25c each.Record date is March 16, 2009.In addition to the entitlement, shareholders may subscribe for shares in excess of their entitlement under a shortfall facility. Allocations of such additional shares will be determined by the board depending on the extent of any shortfall in take up by other shareholders.The issue is being partially underwritten to $2 million by two of the companSubject to Proceeds from the offer will be used to retire short- term debt to entities associated with Butterss and Kellett, to strengthen the company’s balance sheet, and provide funding should it be required to take advantage of growth opportunities for organic expansion as wel(Source: News Bites) February 27, 2009: Beyond Sportswear profit up 50% Beyond.(Source: News Bites) February 02, 2009: Beyond Sportswear has $1.3m cash Beyond Sportswear International Ltd had $9,404,000 receipts from customers in the December 2008 quarter and the net operating cash outflow was $122,000.The cash balance was $1,274,000. (Source: NewsBites) September 03, 2008: Beyond Sportswear sees 15% EBIT growth Sportswear manufacturer and m.(Source: News Bites) July 11, 2008: Furneaux sells 400k Beyond Sportswear shares Furneaux Management sold 406,329 Beyond Sportswear shares between April 8 and July 8, decreasing from 23,126,301 shares (11.93%) to 22,719,972 shares (10.42%).(Source: NewsBites) BuySellSignals Financial Research. ACTIVITIES Branded consumer products. FINANCIAL RESULTS Further financial information can be found in the company’s annual report. Year On Year Comparison ANNUAL REPORT: BEYOND SPORTSWEAR INTERNATIONAL (ASX:BSI) - Total revenue up 12.69% to $A30.8m ($US24.9m) - Debt to Equity down 7.79% to 0.9 - Total liabilities to Total assets down 6.58% to 0.6 - Current ratio up 6.94% to 0.6 - Total revenue to total assets up 1.32% to 1.1 Unfavourable Changes: - Operating Cash Flow is negative Company Name : BEYOND SPORTSWEAR INTERNATIONAL (BSI) June 30 2009 2008 2009 2008 Change Description $A m $A m $US m $US m (%) Total Revenue 30.8 27.4 24.9 26.3 Up 12.7 Depreciation 0.7 0.6 0.6 0.6 Up 22.1 Interest 1.0 1.7 0.8 1.7 Down 40.8 Working Capital (7.2) (7.3) (5.9) (7.0) Reduced 0.5 Current Assets 9.0 7.8 7.3 7.5 Up 14.9 Current Liabilities 16.2 15.1 13.1 14.5 Up 7.5 Shareholders' Funds 10.2 8.0 8.2 7.7 Up 27.5 Total Liabilities 18.4 17.7 14.9 17.0 Up 3.9 Total Assets 28.6 25.7 23.1 24.7 Up 11.2 Current Debt 6.7 4.8 5.4 4.7 Up 38.2 Non Current Debt 2.1 2.6 1.7 2.5 Down 20.3 Total Debt 8.8 7.5 7.1 7.2 Up 17.5 Cash and cash equivalents 0.4 0.7 0.3 0.7 Down 47.8 Net Assets 10.2 8.0 8.2 7.7 Up 27.5 Reduced Net Tangible Assets (2.2) (3.9) (1.8) (3.8) 44.5 Common Size Ratios - Total non current assets to Total Assets down from 69.66% to 68.65% - Intangibles to Total Assets down from 46.37% to 43.24% - Total current assets to Total Assets up from 30.34% to 31.35% - Current Debtors to Total Assets up from 12.1% to 17.54% - Future income tax benefit to Total Assets up from 9.34% to 13.99% - Interest expenses to Revenues down from 6.3% to 3.31% - Depreciation to Revenues up from 2.22% to 2.4% Total non current assets to Total 68.65 69.66 68.65 69.66 Down 1.46 Assets(%) Intangibles to Total Assets(%) 43.24 46.37 43.24 46.37 Down 6.76 Total current assets to Total 31.35 30.34 31.35 30.34 Up 3.35 Assets(%) Current Debtors to Total 17.54 12.1 17.54 12.1 Up 44.98 Assets(%) Future income tax benefit to Total 13.99 9.34 13.99 9.34 Up 49.86 Assets(%) Interest expenses to 3.31 6.3 3.31 6.3 Down 47.5 Revenues(%) Depreciation to Revenues(%) 2.4 2.22 2.4 2.22 Up 8.33 Down EBITD to Revenues(%) (1.35) 11.26 (1.35) 11.26 111.98 Down Profit after tax to Revenues(%) (1.87) 11.52 (1.87) 11.52 116.26 Down EBIT to Revenues(%) (3.75) 9.04 (3.75) 9.04 141.5 Auditor Deloitte Touche Tohmatsu Performance Ratios BuySellSignals Financial Research. Debt/Equity (Down 7.8% from 0.9 0.9 0.9 0.9 Down 7.8 0.93911 to 0.86593) Total Liabilities/Total Assets 0.6 0.7 0.6 0.7 Down 6.6 Current Ratio 0.6 0.5 0.6 0.5 Up 6.9 Per Share figures BuySellSignals Financial Research. BuySellSignals™ Sector Valuation Table Retail/Wholesale sector 35 Stocks Fundamentals Valuation Size Discount to Premium to Market Cap Total Assets Revenue 52-Wk High (%) 52-Wk Low (%) $ billion $ billion $ billion Retail/Wholesale sector Avg 7.4 26.8 52 0 1 BSI 64.4 128.6 0 0 0 Rank 2 14 17 46 37 84.2 11.1 34 17 50 Rank 1 JVG GOW WOW WOW WOW 64.4 12.9 4 17 50 Rank 2 BSI WOW HVN WOW WOW 47.5 15.5 3 5 11 Rank 3 ARX MTS MTS SOL MTS 1.3 808.8 0 0 0 Lowest Rank CTY SFH MBD JVG ARX Technicals Price Volume Dynamics PV $1,000 1-Day 3-Month 1-Year Rel Strength (6m) (1 Yr) Price (%) Price (%) Price (%) Retail/Wholesale sector Avg 1277.8 38.6 -0.2 -4.0 20.9 BSI 640.0 1.8 -5.9 -20.0 -36.0 Rank 20 24 16 24 18 5942.3 95.1 0.2 25.6 494.2 Rank 1 SFH UNI MTS SFH SFH 4350.0 94.6 null 19.2 335.0 Rank 2 CPR CPR HVN NCK CPR 3836.4 91.6 null 18.1 155.7 Rank 3 UNI SFH FUN RCG SUL 640.0 0.6 -8.8 -27.5 -36.0 Lowest Rank BSI JVG ARX CPR BSI BuySellSignals Financial Research. About BuySellSignals BuySellSignals Financial Research provides equity research on over 20,000 companies listed in more than 30 countries across the world. BuySellSignals believes that every stock has a story to tell and that this story changes every day. To capture this story, BuySellSignals offers the latest pertinent and comprehensive information so that investors can make well-informed investment decisions. BuySellSignals publishes equity research reports on each stock, sector and index daily to capture the latest market movements and sentiments. BuySellSignals eschews "hot tip" or headline investing in favour of high-quality, ultra -current, targeted technical and fundamental information including specific bullish and bearish signals for each stock. Insights that will guide you to the investments that are hard to find in todays hyperactive mainstream markets. Definitions [% Disc] is the % Discount to 52-Week High = (52-Week High - Price Close)/52 1. -Week High expressed as a percentage. [% Prem] is the % Premium to 52-Week Low = (Price Close - 52-Week Low)/52 2. -Week Low expressed as a percentage. Price Change: [Last Price - Price Close Previous Trading Day] / [Price Close 3. Previous Trading Day] expressed as a percentage. PPR (Price Percentile Rank or Relative Strength): % Price change ranked by percentile within the entire market, excluding suspended stocks but including 4. last traded price if untreated. For example, a PPR of 40 means that the stock performed better than 40% of the total Australian market. PV $1000: Present Value of $1,000 invested, plus capital gain plus dividends 5. reinvested. 6. Relative : % Price Change of the Stock less % Price Change of the XAO. VI: Volume Index is defined as the number of shares traded in the 7. period/Average number of shares traded for the period (1 is average). VWP: The volume weighted price is computed by adding the turnover value of 8. each transaction and dividing the sum of turnover by the aggregate volume of all transactions. BST Momentum Colour Guide Momentum Up Price increase fuelled by above average Volume Weak Price increase on below average Volume Momentum Up Momentum Price decrease fuelled by above average Volume Down Weak Price decrease on below average Volume Momentum Down Strong Price unchanged on above average Volume Unchanged Weak Price unchanged on below average Volume Unchanged Untraded Untraded Currency Conversion: Australian Dollar AUD 1 = US$ 0.9077 [or US$1=AUD 1.1]; Against the US$ the AUD plunged 181.72 basis points (or 1.8%) for the day; dropped 1.6% for the week; increased 1.3% for the month; soared 21.1% in the past year. $1 = 100c. Disclaimer While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data from BuySellSignals (AFS Licence 222756) and News Bites Pty Ltd, who provide round the clock data on every Australian stock and sector. Neither BuySellSignals nor News Bites are brokers, and neither have an executing, corporate advisory or investment banking function. BuySellSignals and News Bites Pty Ltd, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate. BuySellSignals Financial Research.
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