Australia Stock Alert


CLOSING UPDATE: iBuyNew Group accelerates rise, now up 60.0% in 2 days January 16, 2018 16:00:00 AEST


This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

iBuyNew Group, Australia's 37th largest consumer services company by market capitalisation, is up 0.30c (or 60.0%) over the past two trading days. After rising 20% on Monday, the stock rose 33.3% on Tuesday to trade at 0.80c vs. the All Ordinaries Index that is down 0.2% in the same period.

Technical indicators complementing today's significant uptrend:

+ The stock has outperformed 97% of the Australian market over the past 6 months.

+ The price soared 100.0% in the last week and 100.0% in the last month.


iBuyNew Group today is at a discount of 19.2% to the 12-month high of 0.99c on 17 Jan, 2017. It is at a premium of 300.0% to the 12-month low of 0.20c on 24 Jul, 2017.

Bearish Signals:

Tobin's Q Ratio is 2.5. Compared with the rest of the market the stock is overvalued.

Fundamental measures by comparison with the sector average [in brackets] indicate:


Price/Sales of 3.6 [2.4]


Afternoon Alert: iBuyNew Group in 2nd consecutive rise, nears six-month high

January 16, 2018 13:00:00 AEST

iBuyNew Group Limited (ASX:IBN) extended its gains Tuesday, rising an additional 0.10c (or 16.7%) to trade at 0.70c. The stock soared 20.0% on Monday bringing its 2-day rise to 40.0%. It is now testing its 132-day high of 0.70c.

iBuyNew Group Limited (AU:IBN; ASX:IBN; AX:IBN)

ISIN: AU000000IBN7

PermID: 4295858848