South African stock alert

SAFR

CLOSING UPDATE: Steinhoff Investment Holdings - Pref hits 52-week low third time in three months 18 October 2017 18:58 SAST

NEWS BITES - AFRICA

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).

Steinhoff Investment Holdings - Pref, South Africa's 4th largest preference shares company by market capitalisation, hit a 52-week low of ZAR72.70 earlier today for the third time in the past three months, but later rebounded higher to ZAR73.60. Trading volume was 2.5 times average at the end of the day. Compared with the FTSE/JSE- Africa Top 40 Index which rose 237.1 points (or 0.5%) in the day, this represented a relative price change of -4.9%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.08 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the South African market, the preference stock's relative price strength percentile is falling at 47 for 6 months, 29 for 3 months and 18 for 1 month.

+ In the last three months the preference stock has hit a new 52-week low thrice.

+ The price sank 4.2% in the last week.

Note

Steinhoff Investment Holdings - Pref today is at a discount of 14.1% to the 12-month high of ZAR85.65 on 09 Dec, 2016. It is at a premium of 1.2% to the 12-month low of ZAR72.70 on 18 Oct, 2017.

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

Undervaluation:

Dividend yield of 14.3% [8.8%]

TODAY'S ALERTS

Afternoon Alert: Steinhoff Investment Holdings - Pref down 6.5% in 2 days

18 October 2017 12:50 SAST

Steinhoff investment holdings - pref (J:SHFF) extended its slide on Wednesday, shedding an additional ZAR4.05 (or 5.3%) to trade at ZAR72.95. Trading volume was 1.4 times average so far today. The preference shares have fallen ZAR5.05 (or 6.5%) over the past two trading days vs. the FTSE/JSE- Africa Top 40 Index which has fallen 0.5% in the same period.

Morning Alert: Steinhoff Investment Holdings - Pref sinks 5.2% on robust volume

18 October 2017 10:50 SAST

Steinhoff investment holdings - pref (J:SHFF) traded on heavy volume of 1.8 times average so far today while the price sank ZAR4.0 (or 5.2%) to trade at ZAR73.0.

Steinhoff investment holdings - pref (J:SHFF; JNB:SHFF; SJ:SHFF)

ISIN: ZAE000068367

Source: www.BuySellSignals.com