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(CSL)

CSL
AUSTRALIA Edition buysellsignals.com | 1 MONTH PRICE VOLUME 3Mo
Thursday, June 14, 2012

5Yr

CSL falls 1.4% on average volume for a second consecutive day, a two day fall of 1.6%
CSL Limited fell 55.0c (or 1.4%) for a second consecutive day on Thursday bringing its two-day fall to 62.0c or 1.6%. Compared with the All Ordinaries index, which fell 21.7 points (or 0.5%) on the day, this was a relative price change of -0.9%.

Shares Outstanding: 510,373,491 Market Cap: $20 billion Closing Price: $39.20

PERCENT R

L-T Rating: 3 out of 5


Price/Earnings ROA ROE Yield % Price/Sales Price/NTA % Disc to High % Prem to Low
CONTENTS

S-T Rating: 3 out of 5


Present Value $1000 (1 year) REL STRENGTH (6M) PEMAP50 30-DAY PRICE (%) 1-YEAR PRICE(%) 3-MONTH PRICE(%) 1-DAY PRICE (%) 5-DAY PRICE (%) 1249 86 1.1 3.4 21.5 16.6 -1.4 -0.5

21.3x 18.6 25.8 2.1 4.6x 7.3x 2.2 50.1

1 Company overview 2 Shareholder returns 3 Stock analysis and ratings

4 Technical analysis 5 Sector ranking 6 News and events

7 Glossary

A publication of:

CSL ( CSL )

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THURSDAY, JUNE 14, 2012

Company Overview
Activities
The CSL Group has a combined heritage of outstanding contribution to medicine and human health with more than 90 years experience in the development and manufacture of vaccines and plasma protein biotherapies. Further details can be found at http://www.csl.com.au/. In the half year to December 31, 2011 total revenue was up 0.5% to $8.1 billion Net profit growth 74.4% to $389 million EPS up 66.7% to 30.0c.

ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2011


year-on-year comparisons with previous corresponding period

VOLUME WEIGHTED PRICE

FAVOURABLE CHANGES
Interest cover up 8.8% to 83.7 5-years average annualized earnings growth rate of 23.1% Retained earnings to total assets up 29.4% to 75.2% Total revenue to total assets up 5.3% to 0.9.

UNFAVOURABLE CHANGES
Total revenue down 6.6% to $A4.3b ($US4.6b) Net profit down 10.7% to $A940.6m ($US1.0b) EPS down 5.9% to $A1.74 ($US1.86) EBIT Margin down 7.6% to 29.0% Although the Total Liabilities to Operating Cash Flow ratio of 1.4 compares favourably with the Joseph Piotroski benchmark of <4, it had deteriorated by 9.4% from the previous year. Total liabilities to total assets up 7.7% to 0.3 Current ratio down 31.1% to 2.9 Net tangible assets per share down 12.2% to $A5.05 ($US5.4) Working capital to total assets down 19.8% to 35.8% EBIT to total assets down 2.2% to 23.9%.

RELATIVE STRENGTH

MAJOR COMMON SIZE RATIOS


Total current assets to total assets down from 58.5% to 54.5% Total non-current assets to total assets up from 41.5% to 45.5% Current inventory to total assets up from 25.5% to 28.7% Fixed assets to total assets up from 21.1% to 23.8% Intangibles to total assets up from 16.7% to 18.1% Cost of goods sold to sales up from 47.2% to 49.3% EBIT to Sales down from 30.2% to 28.1% Profit before tax to sales down from 29.8% to 27.7% Profit after tax to sales down from 22.8% to 21.8% Sales and marketing expenses to sales down from 10.6% to 10.2%.

Top Management
The managing director and chief executive officer is Brian Mcnamee and the chairman is John Shine.

Financials Issued Capital


HALF YEARLY REPORT
year-on-year comparisons with previous corresponding period Based on 510,373,491 issued equity shares the market capitalisation is $20 billion. It is Australia's largest Pharmaceuticals, Biotechnology & Life Sciences company by total revenue.

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THURSDAY, JUNE 14, 2012

Company Overview Cont.


TOP 3 SHAREHOLDERS Name of Shareholder
HSBC Custody Nominees (Australia) Limited J P Morgan Nominees Australia Limited-1 National Nominees Limited

PRESENT VALUE $1000 No. of Shares


123,631,700 84,687,285 58,510,734 266,829,719

3Yr

5Yr

% Held
23.56 16.14 11.15 50.85

Total TOP 20 SHAREHOLDERS

SHAREHOLDER RETURNS(PV $1000)

5Yr

Shareholder Returns
TRAILING ONE WEEK
The stock fell three times (60% of the time) and rose twice (40% of the time). The aggregate volume was 1.0 time average trading of 10,425,420 shares. The value of $1,000 invested a week ago is $1,023 [vs $984 for the All Ordinaries index], for a capital gain of $23(or rise of 2.3%).

TRAILING ONE MONTH


The stock fell eleven times (50% of the time) and rose eleven times (50% of the time). The aggregate volume was 0.9 times average trading of 45,871,848 shares. The value of $1,000 invested a month ago is $1,033 [vs $940 for the All Ordinaries index], for a capital gain of $33(or rise of 3.3%).

TRAILING ONE YEAR


The value of $1,000 invested one year ago is $1,249 [vs $923 for the All Ordinaries index], including a capital gain of $215 and dividend reinvested of $33. The total return to shareholders for 1 year is 24.8%.

TRAILING FIVE YEARS


The value of $1,000 invested five years ago is $1,451, including a capital gain of $302 and dividend reinvested of $149.

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CSL ( CSL )

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THURSDAY, JUNE 14, 2012

Analysis & Rating (Long-Term & Short-Term)


Long-Term Rating (Fundamentals): 3 out of 5
CSL is ranked number 1 out of 76 listed pharmaceuticals, biotechnology & life sciences companies [that traded today] in Australia with a market capitalization of $20 billion.
Within its sector it has a relatively low P/E of 21.3, low P/S of 4.6. It has a strong relative ROE of 25.8% and ROA of 18.6%. The company paid a dividend of 36.0c in the last twelve months. The dividend yield is high at 2.1%. Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest rating is 5 and the lowest rating is 1.

Short-Term Rating (Technical): 3 out of 5


Its short term falls have been combined with weak volume resulting in weak momentum falls over 1, 5 and 30 days.
Significantly its price of $39.20 is at a premium of 21% to its 200-day moving average price of $32.51. Its 52-week range has been $40.06 to $26.12; it is trading at a discount of 2.2 % to its 52-week high and a premium of 50.1 % to its 52-week low. $1,000 invested exactly one year ago is now worth $1,249 of which $215 is a capital gain and $33 is dividends. Recommended stop loss: $36.26 Stocks are scored on a set of technical parameters reflecting price performance and trading volumes. They are ranked according to the average values of those parameters. The highest rating is 5 and the lowest rating is 1.

Relative Valuation Indicators - RVI Technical Analysis


BULLISH SIGNALS:
The price added 3.3% in the last month. In the Australian market of 1,240 stocks and 59 units traded today, the stock has a 6-month relative strength of 86 which means it is beating 86% of the market. The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1 24 times suggesting further upside. The 50-day EMAP has increased to $37.13. An increase is another bullish indicator. The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 38.7 minus the 26-day EMA of 38.1 is positive suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal. In the last three months the stock has hit a new 52-week high ten times, pointing to a significant uptrend. The price to 200-day MAP ratio is 1.21, a bullish indicator. In the past 200 days this ratio has exceeded 1.21 five times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of $37.34 is higher than the 200-day MAP of $32.51, another bullish indicator.

Relative Valuation Indicators - RVI Fundamental Analysis


THE STOCK MEETS THE FOLLOWING VALUE CRITERION SET BY BENJAMIN GRAHAM:
"Current ratio of two or more"; current assets are 2.92 times current liabilities. "Stability of growth in earnings over the last 5 years, defined as no more than two declines of 5% or greater in year-end earnings"; there has been 1 decline in earnings in the last 5 years.

THE STOCK HAS A SCORE OF 6 OUT OF 9 SET BY JOSEPH PIOTROSKI [PASS MARK >=5 ]:
Positive net income; Positive operating cashflow; Return on assets improvement [from 18.4% to 18.6%]; Good quality of earnings [operating cashflow exceeds net income]; Improvement in longterm debt to total assets from 0.08 to 0.04; Reduction in total shares on issue.

BEARISH SIGNALS:
The Stochastic indicator of 88.5 has broken through the overbought line of 80.

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THURSDAY, JUNE 14, 2012

Analysis & Rating (Long-Term & Short-Term) Cont.


Short Selling Trend
Code
CSL

Short Volume
337,081

Avg. Daily Volume


2,077,474

Days to Cover (Short Volume/Avg. Daily Volume): 0.1 days Short Sell (percent of issued shares): 0.1% Bullish Indicators: The current short volume is 0.8 times its own historical average of 0.1%. It crashed 37.1% from the previous day, crashed 23.7% from a week ago, a bullish indicator. Bearish Indicators: In the Australian Short Selling market of 422 stocks, short selling as a % of issued shares ranked 68th and within the top quartile of stocks. This means it was higher than market average of 0.05%, a bearish indicator.

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THURSDAY, JUNE 14, 2012

Technical Analysis
Price Dynamics
VOLATILITY
The stock traded between an intraday high of $39.98 and a three-day low of $39.09, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 2.0% places the stock in the 4th quartile in the market meaning it is least volatile.

BETA
The Beta of this stock is 0.64. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.

STANDARD DEVIATION (SD)


SD is a statistical measure of deviation from the mean. The SD of 1.5% gives it a percentile rank of 5 meaning that 5% of stocks in the Australian market are less volatile than this stock.

% DISCOUNT TO HIGH
The last price is at a discount of 2.2% to the 12-month high of $40.06 one-day ago on 13 Jun, 2012.

TRAILING MONTH
In the last 16 trading sessions there has been a net rise of 5.8%; the stock has advanced eleven times and the biggest one day rise was 1.6% on May 24.

ONE-YEAR PRICE HIGH, CLOSE AND LOW PRICE

5Yr

Aggregate Volumes, Prices And Turnover Period


[Volume Index or VI in brackets; 1 is average] Australian Securities Exchange: CSL.AU 1,902,469 [VI of 0.9]; volume 99.83% of aggregate. Price: $39.20. OTC Pink: CMXHF.PK 3,181 [VI of 2.4]; volume 0.17% of aggregate. Price: US$39.30. Using the current exchange rate of USD1 equals 1.0081AUD, the shares are at a 1.1% premium to the close price in the Australian Stock Exchange. Aggregate volume: there were 1,905,650 shares worth $75.3 million traded. The aggregate volume was 0.9 times average trading of 2,086,435 shares.

% DISCOUNT TO HIGH AND % PREMIUM TO LOW

VOLUME WEIGHTED PRICE (VWP)


The price is at a premium of 3.3% to the 1-month volume weighted average price of $37.94. Given that this premium has been under 3.3% eighty-four times and over 3.3% seventy times in the last year, the downside:upside probability is estimated at 84:70 or 1.2:1.

RISES TO FALLS
In the last three months the number of rises outnumbered falls 34:29 or 1.2:1.

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THURSDAY, JUNE 14, 2012

Technical Analysis Cont.


Open Interest Trend And Interpretation
Open interest hit an 11-day high.

Top 3 Put Options


Top three traded put options [1 contract is 100 shares]
EXERCISE $37.0; EXPIRES JUN 28
10.0c down 16.7%; volume 195; open interest 1490

SAME DAY TREND


Open interest advanced for a tenth straight day; the stock fell for a second day. Open interest increased 1.9% from 132,255 to 134,725. Combined with the price falling 1.4% this suggests the market is weak.

EXERCISE $40.0; EXPIRES JUN 28


78.0c down 16.1%; volume 160; open interest 130

TRAILING ONE WEEK TREND


Open interest rose for a second week. Open interest surged 9.5% from 123,027 a week ago while the stock dipped 0.5% from $38.33 a week ago. Combined with the decrease of price this also suggests the market is weak.

EXERCISE $39.0; EXPIRES AUG 30


$1.31 up 8.7%; volume 5; open interest 44

TRAILING ONE MONTH TREND


Open interest jumped 7.5% from 125,296 a month ago while the stock added 3.3% from $37.97 a month ago. Combined with the rising price this suggests the market is strong.

OPEN INTEREST TREND

OPEN INTEREST AS % OF ISSUED CAPITAL


13,472,500 shares, representing 2.6% of the issued capital. [ranked 15 out of 67 stocks in descending order]

2012 OPEN INTEREST


131,786 contracts, representing 97.8% of total.

2013 TO 2014 OPEN INTEREST


2,939 contracts, representing 2.2% of total.

PUT:CALL RATIO
Open interest contracts on exchange traded options included 46,108 put contracts and 88,617 call contracts. The put:call ratio was 0.5, up 0.4% for the day, up 10.9% in the past week and down 6.6% in the past month.

Top 3 Call Options


Top three traded call options [1 contract is 100 shares]
EXERCISE $40.0; EXPIRES JUN 28
73.0c up 4.3%; volume 224; open interest 2409

EXERCISE $41.0; EXPIRES JUL 26


82.0c up 32.3%; volume 5; open interest 878

EXERCISE $41.0; EXPIRES AUG 30


$1.33 up 8.1%; volume 5; open interest 39

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CSL ( CSL )

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THURSDAY, JUNE 14, 2012

Sector Ranking
Market Share
CSL vs Pharmaceuticals, Biotechnology & Life Sciences sector [Pharmaceuticals, Biotechnology & Life Sciences sector Total in Brackets] Revenue of $4.3 billion[55.2% of aggregate sector revenue of $7.8 billion; down from 57.5% in the previous year.] EBIT of $1.2 billion [98.6% of aggregate sector EBIT of $1.2 billion; down from 109.1% in the previous year.]

BuySellSignals Sector Valuation Table


TOTAL AUSTRALIAN MARKET Fundamental Valuation
P/Earnings Price/Net Tangible Assets 2.3x Discount to 52-Wk High (%) 15.95 Premium to 52-Wk Low (%) 13.4

Price Performance Rank


The stock is in 10 indices and 2 sectors.

Total Australian Market Avg CSL Rank Rank 1 Rank 2 Rank 3 Lowest Rank

14.1x

THE FOLLOWING INDEX AND SECTORS FELL SETTING THE TREND FOR ITS FALL OF 1.4%:
Pharmaceuticals, Biotechnology & Life Sciences sector of 52 stocks traded today, which was down 95.2 points or 1.6% to 5,820.0, All Ordinaries index of 428 stocks and 38 units traded today, which was down 21.7 points or 0.5% to 4,089.8, The Total Australian Market of 1240 stocks and 59 units traded today, which was down 21.2 points or 0.5% to 4,274.6

21.3x 375 1.6x IRC 1.6x MDL 1.7x RHG

7.3x 1037 0.1x BSM 0.1x BMG 0.1x DMX

2.2 1618 97.6 MBT 96.6 DMX 96 MDV 0.2 ONT

50.1 1118 0.2 TRU 0.4 IPL 0.4 IMF

Stock Ranking by Percentage Price Change, versus Index and Sectors for 1 day and 6 months

Total Rank of Rank of Number of Stock Stock Stocks in 6 1 Day Months Sector/Inde x
Pharmaceuticals, Biotechnology & Life Sciences sector All Ordinaries index Total Australian Market 34 9 74

Size
Market Cap $ Total Australian Market Avg CSL Rank 1B 20 B 12 175.2 B BHP 106.4 B RIO 80 B CBA 562,731 KME

336 875

45 173

487 1839

Rank 1 Rank 2 Rank 3 Lowest Rank

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THURSDAY, JUNE 14, 2012

Sector Ranking Count


Performance
Yield (%) Total Australian Market Avg CSL Rank Rank 1 Rank 2 Rank 3 Lowest Rank 4.9 2.1 407 17.2 SYM 16.4 CLT 15.4 GLB 0.03 AGF Free Cash Flow 45.8 million 819.6 M 11 19.1 B BHP 18.5 B ANZ 17.2 B CBA

Technicals Price Volume Dynamics


PV $1,000 (1 Yr) Total Australia n Market Avg CSL Rank Rank 1 887.9 Rel Hits(3m) PEMAP5 1-Day 5-Day 30-Day 3-Month 1-Year 30-Day Strength 52-W Hi 0 Price (%) Price (%) Price (%) Price (%) Price (%) Avg (6m) Volatilit y 72.7 -0.5 -1.5 -6.7 -6.96 -15.1 1.7 Moment um

1,248.5 155 29,250.0 SYR 18,125.0 AXM 8,000.0 MAC 24.3 MBT

86.01 173 99.9 AXM 99.8 SYR 99.8 MAD 0.1 MBT

10 45 36 MFF 23 AMH 22 APE 1 BYL

1.1x 78 1.5x SYR 1.5x EXM 1.4x SUR 0.2x MBT

-1.4 875

-0.5 469

3.3 205

16.6 83

21.5 142

2.2 886 100 RAU LMB 100 MST AIQ 524

Rank 2

Rank 3

50 ISN -50 GDA -50 KIK

92.9 GDA RFE 0.2 VTA ZRL


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Lowest Rank

CSL ( CSL ) | Page 9

CSL ( CSL )

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THURSDAY, JUNE 14, 2012

Financial Results
Year-on-year Comparisons

INTERIM REPORT (HALF YEAR): CSL (ASX:CSL) EPS UP 66.67% TO $A0.3


Summary

GENERAL INFORMATION
Company Name Company ISIN Company CODE Industry CSL Limited AU000000CSL8 CSL Pharmaceuticals, Biotechnology & Life Sciences sector

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THURSDAY, JUNE 14, 2012

Financial Results Cont.


INCOME STATEMENT
Currency in Million of AUD Revenue Insurance premium income Reinsurance and other recoveries income Banking interest income 4,093 1,147 2,088 7,328 Investment revenue Other income 467 312 779 Total revenue Expenses General insurance claims expense -3,871 -3,044 -584 -380 1,798 -230 -1,342 -213 -106 -8 -7,601 506 116 390 -3 -7,700 364 137 227 Deterioration 166.7 Reduced 1.3 Up 39.0 Down 15.3 Up 71.8 Deterioration 27.2 Recovery Deterioration 18.2 Down 8.4 Deterioration 4.8 Reduced 4.6 Reduced 38.5 8,107 3,945 857 2,213 7,015 713 336 1,049 8,064 Up 3.8 Up 33.8 Down 5.6 Up 4.5 Down 34.5 Down 7.1 Down 25.7 Up 0.5 2011-12-31 2010-12-31 Change %

Life insurance claims expense and movement in policyowner 26 liabilities Outwards reinsurance premium expense Interest expense Fees and commissions expense Operating expenses Impairment expense Fair value remeasurement of assets and liabilities classified as held for sale Outside beneficial interests in managed funds Total expenses Profit before income tax Income tax expense Profit for the period Other comprehensive income Net change in fair value of cash flow hedges Net change in fair value of available-for-sale financial assets Exchange differences on translation of foreign operations Income tax expense on other comprehensive income Other comprehensive income net of income tax Total comprehensive income for the period Profit for the period attributable to: Owners of the Company Non-controlling interests 389 1 60 -66 -12 2 -16 374 -449 1,647 -241 -1,280 -131

70 -4 -51 -21 -6 221

Down 14.3 Deterioration 1,550.0 Reduced 76.5 Recovery Deterioration 166.7 Up 69.2

223 4

Up 74.4 Down 75.0

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THURSDAY, JUNE 14, 2012

Financial Results Cont.


Profit for the period Total comprehensive income for the period attributable to: Owners of the Company Non-controlling interests Total comprehensive income for the period Earnings per share: Basic earnings per share Diluted earnings per share TSO 30.0c 30.0c 1,286,600,980 18.0c 18.0c 1,281,390,524 Up 66.7 Up 66.7 Up 0.4 373 1 374 217 4 221 Up 71.9 Down 75.0 Up 69.2 390 227 Up 71.8

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THURSDAY, JUNE 14, 2012

Financial Results Cont.


BALANCE SHEET
Currency in Million of AUD Assets Cash and cash equivalents Receivables due from other banks Trading securities Derivatives Investment securities Assets classified as held for sale Banking loans, advances and other receivables General insurance assets Life assets Property, plant and equipment Deferred tax assets Other assets Goodwill and intangible assets Total assets Liabilities Deposits and short-term borrowings Derivatives Payables due to other banks Payables and other liabilities Current tax liabilities Liabilities classified as held for sale General insurance liabilities Life liabilities Deferred tax liabilities Managed funds units on issue Securitisation liabilities Debt issues Subordinated notes Preference shares Total liabilities Net assets Equity Share capital Reserves Retained profits Total equity attributable to owners of the Company Non-controlling interests 12,665 36 1,420 14,121 12 12,614 4 1,273 13,891 21 Up 0.4 Up 800.0 Up 11.5 Up 1.7 Down 42.9 365 4,313 8,676 1,368 760 78,872 14,133 14,956 5,770 38,774 2,105 26 1,752 7 36,855 3,266 18 1,528 171 12 11,866 6,268 3 581 4,011 12,680 1,814 871 79,944 13,912 Down 37.2 Up 7.5 Down 31.6 Down 24.6 Down 12.7 Down 1.3 Up 1.6 Up 26.0 Down 7.9 Up 5.2 Down 35.5 Up 44.4 Up 14.7 Down 95.9 47,739 7,247 586 230 94 717 6,295 93,005 1,231 159 3,641 291 24,775 1,496 91 4,868 376 23,969 118 50,351 4,506 538 337 170 668 6,368 93,856 Down 5.2 Up 60.8 Up 8.9 Down 31.8 Down 44.7 Up 7.3 Down 1.1 Down 0.9 Down 17.7 Up 74.7 Down 25.2 Down 22.6 Up 3.4 2011-12-31 2010-12-31 Change %

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THURSDAY, JUNE 14, 2012

Financial Results Cont.


Total equity 14,133 13,912 Up 1.6

PERFORMANCE RATIOS
2011-12-31 Return on Equity(%) 2.75 2010-12-31 1.6 Change % Up 71.7

PER SHARE FIGURES


2011-12-31 EPS EPS Dilution Factor 30.0c 0.9 USD Conversion at balance date of December 31,2011 Export in XLS 2010-12-31 18.0c Change % Up 66.7

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THURSDAY, JUNE 14, 2012

News and Events


Reported Buying Selling
May 04: CSL director buys
CSL (CSL.AU) director Christine OReilly bought 541 shares worth approximately $20,033.2 on February 10, 2011. Christine OReilly previously held 642 shares and now holds 1,183 shares. The purchase price was $37.0. Date Name

RECENT SUBSTANTIAL SHAREHOLDER SELLING


No. of Shares Shares No. of Held Shares At Price Previous Close ly

February 28: CSL director buys


CSL (CSL.AU) director Ian Renard bought 267 shares worth approximately $8,784.3 on February 24, 2012. Ian Renard previously held 18,408 shares and now holds 18,675 shares. The purchase price was $32.90.

220334,827,6 28,713,89 2011 Capital Group 6,113,796 95 $34. 9 shares , 01- Companies Inc shares shares 05 (5.4709%) 07(6.496%) 2011

February 24: CSL director buys


CSL (CSL.AU) director John Akehurst bought 270 shares worth $8,663 on February 23, 2012. John Akehurst previously held 30,353 shares and now holds 30,623 shares. The purchase price was $32.10.

RECENT DIRECTOR BUYING


Date Name No. of Shares Shares No. of Held Shares At Price Previous Close ly 642 shares 18,408 shares 1,183 shares 18,675 shares $37. 03 $32. 90

February 14: CSL substantial shareholder buys


CSL (CSL.AU) substantial shareholder Commonwealth Bank of Australia and Its Subsidiaries bought 3,959,714 shares worth approximately $122 million between January 21, 2011 and February 09, 2012. Commonwealth Bank of Australia and Its Subsidiaries previously held 27,290,067 shares (or 5.0%) and now holds 31,249,781 shares (or 6.0%). The purchase price was $30.80.

10022011 24022012

Christine OReilly

541 shares 267 shares

Ian Renard

RECENT DIRECTOR SELLING


Date Name No. of Shares Shares No. of Held Shares At Price Previous Close ly 167,196 shares 122,196 shares $29. 33

November 04: CSL director sells


CSL (CSL.AU) director Peter Turner sold 45,000 shares worth approximately $1.3 million on November 04, 2011. Peter Turner previously held 167,196 shares and now holds 122,196 shares. The selling price was $29.50.

04112011

Peter Turner

45,000 shares

RECENT SUBSTANTIAL SHAREHOLDER BUYING


Date Name No. of Shares Shares No. of Held Shares At Price Previous Close ly

Company Announcements:Recent Headlines and Snippets


THE LAST 15 SNIPPETS WERE:

June 13, 2012: CSL buys back 75,134 shares


CSL (CSL.AU) announced a buyback of 75,134 shares worth $2,984,367.56 on June 12, 2012. Open Full Announcement.

2101- Commonwealth 27,290,0 net 31,249,78 2011 Bank of 67 $36. 3,959,714 1 shares , 09- Australia and shares 94 shares (6.02%) 02- Its Subsidiaries (5.01%) 2012

June 12, 2012: CSL buys back 30,224 shares


CSL (CSL.AU) announced a buyback of 30,224 shares worth $1,176,931.63 on June 08, 2012. Open Full Announcement.

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THURSDAY, JUNE 14, 2012

News and Events Cont.


June 07, 2012: CSL buys back 21,348 shares
CSL (CSL.AU) announced a buyback of 21,348 shares worth $822,414.62 on June 06, 2012. Open Full Announcement.

June 05, 2012: CSL buys back 71,539 shares


CSL (CSL.AU) announced a buyback of 71,539 shares worth $2,660,048.94 on June 04, 2012. Open Full Announcement.

June 04, 2012: CSL buys back 9,801 shares


CSL (CSL.AU) announced a buyback of 9,801 shares worth $366,114.39 on June 01, 2012. Open Full Announcement.

June 01, 2012: CSL buys back 3,716 shares


CSL (CSL.AU) announced a buyback of 3,716 shares worth $137,049.80 on May 31, 2012. Open Full Announcement.

May 31, 2012: CSL buys back 157,919 shares


CSL (CSL.AU) announced a buyback of 157,919 shares worth $5,813,582.69 on May 30, 2012. Open Full Announcement.

May 31, 2012: CSL: Form 484 - Change in Share Structure


[Company Release] http://www.asx.com.au/asx/statistics/displayAnnouncement.d odisplay=pdf&idsId=01301909 Open Full Announcement.

May 30, 2012: CSL buys back 241,000 shares


CSL (CSL.AU) announced a buyback of 241,000 shares worth $8,884,224 on May 29, 2012. Open Full Announcement.

May 29, 2012: CSL buys back 115,935 shares


CSL (CSL.AU) announced a buyback of 115,935 shares worth $4,296,029.39 on May 28, 2012. Open Full Announcement.

May 28, 2012: CSL buys back 250,000 shares


CSL (CSL.AU) announced a buyback of 250,000 shares worth $9,299,200 on May 25, 2012. Open Full Announcement.

May 28, 2012: CSL: Appendix 3B


[Company Release] http://www.asx.com.au/asx/statistics/displayAnnouncement.d odisplay=pdf&idsId=01300915 Open Full Announcement.

May 24, 2012: CSL buys back 105,812 shares


CSL (CSL.AU) announced a buyback of 105,812 shares worth $3,932,005.66 on May 23, 2012. Open Full Announcement.

May 23, 2012: CSL buys back 129,869 shares


CSL (CSL.AU) announced a buyback of 129,869 shares worth $4,786,192.13 on May 22, 2012. Open Full Announcement.

May 21, 2012: CSL buys back 52,992 shares


CSL (CSL.AU) announced a buyback of 52,992 shares worth $1,936,354.18 on May 18, 2012. Open Full Announcement.

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CSL ( CSL ) | Page 16

CSL ( CSL )

buysellsignals.com |

THURSDAY, JUNE 14, 2012

Glossary
DEBT/EQUITY
Net Debt/Net Assets (times) Dividends received during the Period

TOTAL PROFIT (LOSS) OVER N YEARS (3/2/1)


Capitla Gain (Loss) plus Dividens received minus Original Investment

CURRENT RATIO
Current Assets/Current Liabiliites (times)

INTEREST COVER
Earnings Before Interest and Tax/Interest (times)

TOTAL LIABILITIES/TOTAL ASSETS


Total Liabilities/Total Assets

EARNINGS YIELD ACTUAL


Earnings Per Share/Share Price (%)

FREE CASH FLOW PER SHARE


Earnings Before Interest, Tax, Depreciation and Amortisation Minus Capex/Per Share

EBIT MARGIN
Earnings Before Interest and Tax/Revenue (%)

CAPITAL GAIN/LOSS FROM N YEARS AGO TO N-1 YEARS AGO


Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

RETURN ON ASSETS
Net Profit/Total Assets (%)

ANNUAL RETURN
Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

PRICE/EARNINGS
Share Price/Earnings Per Share (times)

PRICE/SALES PS
Share Price/Sales Per Share (times)

BANKS COST-TO-INCOME RATIO OR EFFICIENCY RATIO


Total Non-Interest Expense/Total Income (Net Interest Income + Non-Interest Income)

PRICE/NTA
Closing Share Price/Net Tangible Assets Per Share (times)

BANKS NON-INTEREST INCOME TO TOTAL INCOME


Non-Interest Income (Loan fees etc)/Total Income (Net Interest Income + Non-Interest Income)

CASH/MCAP
Cash plus Liquids/Market Capitalisation (times)

VOLUME INDEX
Number of shares traded in the period/Average number of shares traded for the period

BANKS TIER 1 RATIO


Tier 1 Capital (Ending Equity - Intangibles etc)/Total Tangible Assets

MOVING AVERAGE PRICE (N PERIODS)


Sum of Prices for each Period/Number of Periods

BANKS TIER 2 RATIO


Tier 2 Capital (Tier 1 - Subordinated Debt + Unrealised Gains/Loan Losses)/Total Tangible Assets

PRICE CLOSE/MOVING AV PRICE


Latest Price/Moving Average Price

NET INTEREST MARGIN


Net Interest Income/Average of all Earning Assets

DIVIDEND YIELD
Dividend Per Share/Share Price (%)

RETURN ON EQUITY (SHAREHOLDERS' FUNDS)


Net Profit/Net Assets (%)

DIVIDEND % FRANKED (A)


Dividend Per Share Franked/Dividend Per Share (%)

DIVIDEND PAYOUT RATIO


Dividend Per Share/Earnings Per Share (%)

CAPITAL PROFIT (LOSS) N YEARS AGO (3/2/1)


Value of Current Investment minus Value of Original Investment

INCOME DURING THE N YEARS (3/2/1)


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CSL ( CSL ) | Page 17

BuySellSignals Financial Research provides equity research on over 42,000 companies listed in more than 80 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. Further details on definitions and quotations from investing legends can be found in following link: http://buyselltips.net/PressClipping/DefinationOfVariable.php.

BST MOMENTUM COLOUR GUIDE Momentum Up Weak Momentum Up Momentum Down Weak Momentum Down Strong Unchanged Weak Unchanged Untraded

Price increase fuelled by above average Volume Price increase on below average Volume Price decrease fuelled by above average Volume Price decrease on below average Volume Price unchanged on above average Volume Price unchanged on below average Volume Untraded

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. The data is sourced from annual reports and company releases and may not be fully up to date. It should be used as a guide only.

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