BOUGAINVILLE COPPER LIMITED (BOC)
Stock Report
03 June, 2008 (16:00:00 AEST)
Bougainville Copper (BOC) crashed 18.50c (or 11.1%) to $1.48, its largest fall of the last six months. The fall is the largest in percent terms since it crashed 12.0c (or 10.7%) on January 18, 2008. Compared with the All Ordinaries Index which fell 78.2 points (or 1.4%) on the day, this represented a relative price change of -9.8%.
PRICE VOLUME DYNAMICS
Volatility: The stock traded between an intraday high of $1.48 and a four-day low of $1.40.
Moving Average Price (MAP): The price to 200-day MAP ratio is 1.36, a bullish indicator. In the past 200 days this ratio has exceeded 1.36 48 times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of $1.11 is higher than the 200-day MAP of $1.09, a bullish indicator. The 200-day MAP has increased to $1.09. An increase is another bullish indicator. In the last three months the number of rises outnumbered falls 30:27 or 1.1:1.
Relativities: Since open its percentile rank in the Australian market was 4. In the Australian market of 2,095 stocks, the stock has a 6-month relative strength of 86 which means it is beating 86% of the market.
Volume and Turnover Period: There were 186,831 shares worth $274,974 traded. The volume was 3.9 times average trading of 47,711 shares. The turnover rate in the 12 months to date was 3.02%. This average length of ownership of the stock at 31.1 times the average holding period of 1 year 23 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 23.7% to the 12-month high of $1.94 and a premium of 102.7% to the 12-month low of 73.0c.
Volume Weighted Price (VWP): The price is at a premium of 11.1% to the 1-month volume weighted average price of $1.33. Given that this premium has been under 11.1% ninety-three times and over 11.1% thirty-three times in the last year, the downside:upside probability is estimated at 93:33 or 2.8:1.
Beta is 1.3.
Access current Stock Research on BOC for: charts and tables, Daily Stock PDF, Weekly Stock Report, Internet Tracker (including Reported Buying & Selling, Company website, Announcements etc) and Results
COPPER, GOLD, SILVER AND PRICE PERFORMANCE RANK IN INDICES AND SECTORS
The stock is in 2 indices, 5 sectors and 3 commodities.
The copper price in US$ per pound was 3.99 or US$7,980 [AUD 8,351] per tonne. It plunged $US0.07 or 1.6% on the day. Trailing one week, it crashed $US0.22 or 5.2%. Trailing one month, it plummeted $US0.35 or 8.1%. Trailing one year, it added $US0.19 or 5.0%. In the Australian market of 2095 stocks, 53 sectors, 20 indices and 14 commodities, the copper price in AUD has a 6-month relative strength of 86 and a 1-day relative strength of 35. This indicates it is beating 86% of the market (rank 224 out of 1599) in the last 6 months and has underperformed 65% of the market (rank 1034 out of 1600) in the last 24 hours.
The gold price in US$ per troy ounce was 888.2 [AUD 929.6]. It added $US5.25 or 0.6% on the day. Trailing one week, it plunged $US34.5 or 3.7%. Trailing one month, it advanced $US35.25 or 4.1%. Trailing one year, it soared $US221.75 or 33.3%. In the Australian market of 2095 stocks, 53 sectors, 20 indices and 14 commodities, the gold price in AUD has a 6-month relative strength of 84 and a 1-day relative strength of 68. This indicates it is beating 84% of the market (rank 262 out of 1599) in the last 6 months and has outperformed 68% of the market (rank 504 out of 1600) in the last 24 hours.
The silver price in US$ per troy ounce was 16.9 [AUD 17.6]. Trailing one week, it crashed $US0.96 or 5.4%. Trailing one month, it increased $US0.22 or 1.3%. Trailing one year, it soared $US3.33 or 24.6%. In the Australian market of 2095 stocks, 53 sectors, 20 indices and 14 commodities, the silver price in AUD has a 6-month relative strength of 86. This indicates it is beating 86% of the market (rank 216 out of 1599) in the last 6 months.
The following indices and sectors fell setting the trend for its fall of 11.1% (rank by percentage price change of stock for 1 day;6 months in sector/index in brackets):
Copper Sector (rank 72;8 out of 73) which was down 174.9 points or 1.8% to 9,435.3,
Base Metals Sector (rank 78;10 out of 84) which was down 173.6 points or 1.8% to 9,424.7,
All Ordinaries Index (rank 384;41 out of 420) which was down 78.2 points or 1.4% to 5,703.0,
Diversified Metals & Mining Sector (rank 126;22 out of 142) which was down 119.7 points or 1.1% to 11,037.9,
S&P/ASX 200 Materials Index (rank 393;76 out of 467) which was down 154.1 points or 0.9% to 16,159.8,
Mining & Oil Sector (rank 498;127 out of 571) which was down 62.5 points or 0.6% to 10,941.2,
Total Australian Market (rank 1500;213 out of 2126) which was down 31.4 points or 0.5% to 6,081.1
RELATIVE VALUATION INDICATORS [RVI]
Bougainville Copper vs Copper Sector [Copper Sector Average in Brackets]
Worse than Sector Average: Return on Equity of 0.9% [42.7%]; rank 16 out of 74 Copper stocks; Return on Assets of 0.8% [22.7%]; rank 16 out of 74; Year-on-year growth in EPS of -11.4% [19.8%]; rank 7 out of 11; P/E of 377.5 [8.6]; rank 14 out of 16.
SHAREHOLDER RETURNS
Trailing One Week: The stock rose three times (60% of the time) and fell twice (40% of the time). The volume was 2.4 times average trading of 238,555 shares. The value of $1,000 invested a week ago is $1,184 [vs $982 for the All Ordinaries Index], for a capital gain of $184.
Trailing One Month: The stock rose twelve times (55% of the time), fell nine times (41% of the time) and was unchanged once (5% of the time). The volume was 1.4 times average trading of 1,049,642 shares. The value of $1,000 invested a month ago is $1,423 [vs $993 for the All Ordinaries Index], for a capital gain of $423.
Trailing One Year: The value of $1,000 invested one year ago is $1,762 [vs $921 for the All Ordinaries Index], for a capital gain of $762. The total return to shareholders for 1 year is 76.2%.
Trailing Five Years: The value of $1,000 invested five years ago is $13,455, for a capital gain of $12,455.
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