South African stock alert


CLOSING UPDATE: Ellies Holdings keeps sliding: down 11.8% in 3 days 20 June 2018 18:59 SAST


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

Ellies Holdings, South Africa's 6th largest telecommunication company by market capitalisation, extended its slide on Wednesday, shedding an additional 2.0c (or 6.2%) to trade at 30.0c. Trading volume was 1.8 times average at the end of the day. The shares have fallen 4.0c (or 11.8%) over the past three trading days vs. the FTSE/JSE- Africa Top 40 Index which has fallen 1.8% in the same period.

Technical indicators complementing today's significant downtrend:

+ The stock has underperformed 76% of the South African market over the past 6 months.

+ The price dropped 3.2% in the last week.


Ellies Holdings today is at a discount of 34.8% to the 12-month high of 46.0c on 27 Feb, 2018. It is at a premium of 130.8% to the 12-month low of 13.0c on 10 Jul, 2017.

Bullish Signals:

The present value of ZAR1,000 invested one year ago is ZAR1,667 [vs ZAR1,121 for the FTSE/JSE- Africa Top 40 Index].

Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

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


Price/Sales of 0.1 [1.6]

Price to Book of 0.9 [4.8]


Morning Alert: Ellies Holdings drops 3.1% - underperforming 90% of stocks

20 June 2018 10:50 SAST

Ellies Holdings Limited (J:ELI) has dropped 1.0c (or 3.1%) today to trade at 31.0c and has underperformed 90% of the market in the past three months.

Ellies Holdings Limited (J:ELI; JNB:ELI; SJ:ELI)

ISIN: ZAE000103081

PermID: 4295889281