Beyond Sportswear International trails 98.2% of stocks, price 10.5 by alendar

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									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.
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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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