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   hilarius
Member
Username: hilarius Post Number: 2083 Registered: 04-2004
Rating: N/A Votes: 0
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| | Saturday, February 17, 2007 - 10:41 pm: | 
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Good Evening Does anyone know where it is possible to get a downloadable list showing either the number of shares on issue or current market capitalisation of all ASX listed Companies, or of the companies in the ASX 500? Thank you in advance if you know and can provide a link Hilarius
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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   smallworld
Member
Username: smallworld Post Number: 520 Registered: 01-2004Rating: N/A Votes: 0
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| | Sunday, February 18, 2007 - 12:26 am: | 
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http://www.afrsmartinvestor.com.au/tables.aspx
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   hilarius
Member
Username: hilarius Post Number: 2084 Registered: 04-2004
Rating: N/A Votes: 0
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| | Sunday, February 18, 2007 - 12:56 am: | 
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Fantastic Thank You ... Thank You ... Thank You It also gives me the GIC sub-sectors I have been seeking Here is my next challenge! What is the quickest way to download revised individual and/or consensus future earnings reports for 07,08,09 following company mid-year reports and is there a source for revised forecasts from January 1 to date where downloading can be done easily? Next Question when can you come to the Gold Coast to assist me to finalise all my outstanding research projects and automate them? Appropriate hospitality provided It's a small world after all
Hilarius
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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   smallworld
Member
Username: smallworld Post Number: 521 Registered: 01-2004Rating: N/A Votes: 0
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| | Sunday, February 18, 2007 - 01:53 pm: | 
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Well, Well ,Well I dont think I know the answers this time - at least not to the extent to your very first question. but you could try comsec - http://comres.comsec.com.au/CompanyProfile.asp?SecurityCode=NCM just replace NCM with your hearts desire. But I cant say its current or even accurate or even if it is ever been revised at all. As to the next question, it will be one day.
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   smallworld
Member
Username: smallworld Post Number: 522 Registered: 01-2004Rating: N/A Votes: 0
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| | Sunday, February 18, 2007 - 09:20 pm: | 
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Hilarius, A question if I may, how do you intend to use the EPS forecast, my experience has shown that they are wildly different from one analyst to another.
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   hilarius
Member
Username: hilarius Post Number: 2085 Registered: 04-2004
Rating: N/A Votes: 0
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| | Sunday, February 18, 2007 - 10:00 pm: | 
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Dear Smallworld A perceptive question! There are numerous things one can do with analyst forecasts using statistical methods constructively (1) Statisticians routinely exclude "outliers" from data (2) In practice this may simply be done by eliminating the highest and lowest forecasts (3) Various methods exist for determining whether data points lie outside the "area of reasonability" (4) With or without elimination of outliers in the available data a median consensus data trend can be determined (5) Several subscription services provide median consensus trends of forecasts and as these change from time (often monthly) a pattern of rising or falling expectation for future earnings becomes apparent ... more often than not founded on either inside knowledge, or well researched fundamental drivers such as commodity prices, production costs trends, input cost such as energy prices, and so forth (6) While we may cast aspersions on the quality of individual analysts who might be little better than stock spruikers or rampers, the general level of professionalism is almost certainly at a high compared to the past (7) Even full fee brokers are employing people with tertiary qualifications other than the "right schools and clubs" to do research that will command the respect of high value clients and to be able to converse at the same level as institutional clients whose business is highly value. (8) Accepting your thesis that there is varying quality of research and varying outcomes, the median approach with standard deviation added will often capture up to 98% of the future probability range of earnings (9) I have used earnings projections to predict future share prices predicated on a continuation of current pe ratio couple with rising forecast earnings per share (10) In several cases, and most notably BHP and QBE to name just two, I have been able to future price growth two to three years out, with uncanny accuracy ... THE HOLY GRAIL NO LESS !!! None of this is of the slightest to the day trippers in the market, but it fascinates me as one who aspires to hold blue chips in the long term, subject also to favourable TA for the stock and market conditions generally I hope that begins to answer your valuable question Watching the price trend of BHP and QBE hug my rising monthly median forecast and stay within outer boundaries of 2 standard deviations from the median was a fascinating experience Nothing explains my irrational current love affair with swamp stocks when I already have this Holy Grail Perhaps I have become consumed with greed to find another Paladin, instead of sticking to my proven system Hilarius PS We really value Inquiring Minds in the Monastery, so I am pleased to offer you appointment to the Office of Honorary Friar Perhaps you would care to choose an appropriate Saint's name or that of an early Pope. You will be aware that Hilarius has nothing to do with "hilarious" and that I am actually named after the early Pope and Martyr Hilarius Once you become a Friar you have access to all Friary Research for a small fee or alternatively through participation in Daily Prayers 
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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   hilarius
Member
Username: hilarius Post Number: 2086 Registered: 04-2004
Rating: N/A Votes: 0
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| | Sunday, February 18, 2007 - 10:11 pm: | 
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PS Current research is seeking to establish statistical proof that higher prospective earnings yield stocks generate higher than average long term price growth Early findings are encouraging ... THE HOLY GRAIL is in sight through the fog of forecasts Statistics are the night vision tool giving greater clarity through the misty nights ahead ... favourable general market conditions permitting Stops and increasing reserves of cash will hopefully preserve capital if the market continues into a parabolic blow off top and/or if a major correction strikes at any time. Hopefully an explosive top will precede the next beautiful crash for which I am sure all IC members will be fully prepared, and will welcome as the great buying opportunity it would hopefully offer Of course there are some who still predict multi year and even multi decade deflation and resulting stock stagnation as a means to send gold into the stratosphere. Nothing wrong with a little gold hedge either Friars however are long term optimists, short term realists and human nature pessimists H
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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   colin_twiggs
Member
Username: colin_twiggs Post Number: 2802 Registered: 09-2002Rating: N/A Votes: 0
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| | Monday, February 19, 2007 - 11:06 am: | 
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Roger, While I agree that in the long-term (say 5 year time frame) stock prices follow earnings, there is evidence that the market does not follow earnings in the shorter term. Earnings may rise while the market falls. What drives stock prices in the short to medium term is the money supply. The Fed can drive the stock market higher by pumping cash into the economy, forcing interest rates lower and credit expansion higher. Regards, Colin
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   hilarius
Member
Username: hilarius Post Number: 2087 Registered: 04-2004
Rating: N/A Votes: 0
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| | Monday, February 19, 2007 - 11:29 am: | 
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Good Morning Colin I could not possibly agree with you more It is most clearly seen in the past when central banks imposed credit squeezes and there were sudden market reactions as the value of assets plummeted and people ran scared away from equities so then they fell still further I am absolutely clear that perceptions about stocks vary widely above and below true underlying value Yet perceptions can be much more powerful than reality My system works best in a stable uptrend People will pay more for stocks in boom times and less in bear markets than underlying value would require So the best bargains in both instances are the most undervalued in relation to earnings prospects, provided the TA picture for the stock is also attractive? Do we agree? With Best Wishes Hilarius PS I am fully aware that the return to equilibrium true value of a stock may takes months or years, but within those over and under pricing periods earning power still has a place in making very long term selections ... thus my faith in the holiness of the grail, however misty its sighting may be through the fog of other factors
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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   colin_twiggs
Member
Username: colin_twiggs Post Number: 2803 Registered: 09-2002Rating: N/A Votes: 0
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| | Monday, February 19, 2007 - 11:46 am: | 
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Almost 10 years ago, one of my core stocks at the time had consistent earnings growth of 25% to 30% per year for more than 10 years. And yet it lost 50% of its value a few weeks after announcing record new results -- because of a market crash on the other side of the world. Yet if there are two stock rising and one shows rocketing EPS and the other does not, I will pick the first every time. Even better if it shows rocketing DPS (even Enron couldn't fake dividends). Regards, Colin
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   hilarius
Member
Username: hilarius Post Number: 2088 Registered: 04-2004
Rating: N/A Votes: 0
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| | Monday, February 19, 2007 - 12:01 pm: | 
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Colin Yes I think earnings growth PROSPECTS (via consensus forecasts) are a good way to compare two otherwise similarly performing stocks I guess the important question is this ... did your strong growth stock bounce back faster and/or higher than the overall stock index after the external factors had done their worst? With Best Wishes Hilarius With Best Wishes
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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   colin_twiggs
Member
Username: colin_twiggs Post Number: 2805 Registered: 09-2002Rating: N/A Votes: 0
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| | Monday, February 19, 2007 - 12:46 pm: | 
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It took about 4 years to take out the previous high even though earnings continued to increase. An extreme case but it illustrates that market conditions have more impact than earnings.
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   colin_twiggs
Member
Username: colin_twiggs Post Number: 2806 Registered: 09-2002Rating: N/A Votes: 0
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| | Monday, February 19, 2007 - 12:49 pm: | 
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If you want to add fundamental filters, I believe that the best would be dividend growth. Next best would be earnings (eps) growth.
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