South African stock alert

SAFR

CLOSING UPDATE: DRD Gold continues significant uptrend, climbs 4.6% 15 June 2018 19:03 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).

DRD Gold, South Africa's 4th largest gold mining company by market capitalisation, continued its significant uptrend and climbed 18.0c (or 4.6%) to trade at ZAR4.10 today. Compared with the FTSE/JSE- Africa Top 40 Index which fell 212.8 points (or 0.4%) in the day, this represented a relative price increase of 5.0%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.21 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the South African market, the stock's relative price strength percentile is improving at 67 for 6 months, 96 for 3 months and 100 for 1 month.

+ The price soared 11.1% in the last week and 31.0% in the last month.

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

Undervaluation:

+ Dividend yield of 2.2% [1.0%]

Other Bullish Signals include:

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

Note

DRD Gold today is at a discount of 25.7% to the 12-month high of ZAR5.52 on 10 Oct, 2017. It is at a premium of 52.4% to the 12-month low of ZAR2.69 on 30 Apr, 2018.

Bearish Signals:

In the last three months the stock has hit a new 52-week low eight times, pointing to a significant downtrend.

Net profit margin has averaged 2.1% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

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

Overvaluation:

Price to Book of 1.4 [0.9]

Return on Capital Employed 0.8% [2.5%]

TODAY'S ALERTS

Afternoon Alert: DRD Gold in 2nd consecutive rise, nears seven-month high

15 June 2018 12:50 SAST

Drdgold Limited (J:DRD) extended its gains Friday, rising an additional 8.0c (or 2.0%) to trade at ZAR4.0. The stock increased 1.82% on Thursday bringing its 2-day rise to 3.9%. It is now approaching its 140-day high of ZAR4.05.

Morning Alert: DRD Gold continues significant uptrend, increases 1.3%

15 June 2018 10:50 SAST

Drdgold Limited (J:DRD) continued its significant uptrend and increased 5.0c (or 1.3%) to trade at ZAR3.97 today.

RECENT ALERTS

CLOSING UPDATE: DRD Gold drops gains by 3.2% - outperforming 89% of stocks

14 June 2018 18:59 SAST

DRD Gold, South Africa's 4th largest gold mining company by market capitalisation, has increased 7.0c (or 1.8%) today to trade at ZAR3.92 and has outperformed 89% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the FTSE/JSE- Africa Top 40 Index which fell 21.8 points (or 0.04%) in the day, this represented a relative price increase of 1.9%.

Afternoon Alert: DRD Gold climbs 5.2% - outperforming 98% of stocks

14 June 2018 12:51 SAST

Drdgold Limited (J:DRD) has climbed 20.0c (or 5.2%) today to trade at ZAR4.05 and has outperformed 98% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Drdgold Limited (J:DRD; JNB:DRD; SJ:DRD)

ISIN: ZAE000058723

PermID: 4295889105

Source: www.BuySellSignals.com