South African stock alert


Afternoon Alert: Tharisa PLC accelerates slide, now down 4.0% in 2 days 25 July 2017 12:50 SAST


Tharisa Plc (J:THA) is down 50.0c (or 4.0%) over the past two trading days. After falling 0.8% on Monday, the stock fell 3.2% on Tuesday to trade at ZAR12.0 vs. the FTSE/JSE- Africa Top 40 Index that is up 0.9% in the same period.

Current indications of bearish signals that support the trend in the unusual trading:

+ The negative 0.64 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 7.7% in the last week and plummeted 17.2% in the last month.

Other Bearish Signals include:

+ As per the Du Pont analysis, Return on Equity is less than stellar at 7.5%.


Bullish Signals:

Total Liabilities/EBITDA of 2.7 is comfortably below the Joseph Piotroski benchmark of <5.

Tobin's Q Ratio is 0.8. Compared with the rest of the market the stock is undervalued.

Tharisa Plc (J:THA; JNB:THA; SJ:THA)

ISIN: CY0103562118

PermID: 5037315020