South African stock alert

SAFR

CLOSING UPDATE: Rhodes Food Group decreases gains by 0.8% 20 June 2018 18:59 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).

Rhodes Food Group, South Africa's 6th largest food processor company by market capitalisation, traded on volume of 0.1 times average today while the price climbed 98.0c (or 5.4%) to trade at ZAR18.98. Compared with the FTSE/JSE- Africa Top 40 Index which rose 376.0 points (or 0.8%) in the day, this represented a relative price increase of 4.7%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.39 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

Other Bullish Signals include:

+ Total Liabilities/EBITDA of 4.6 is less than the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.2. Compared with the rest of the market the stock is undervalued.

Note

Rhodes Food Group today is at a discount of 21.7% to the 12-month high of ZAR24.25 on 31 Aug, 2017. It is at a premium of 17.4% to the 12-month low of ZAR16.17 on 10 May, 2018.

Bearish Signals:

The stock has underperformed 71% of the South African market over the past 6 months.

In the last three months the stock has hit a new 52-week low twice.

The price decreased 1.1% in the last week.

As per the Du Pont analysis, Return on Equity of 10.6% is lower than sector average of 20.2%.

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

Overvaluation:

Price/Sales of 1 [0.4]

Price to Book of 3.1 [1.2]

Dividend yield of 1.3% [2.4%]

Return on Equity 10.6% [20.2%]

Return on Assets 5.7% [12.2%]

Return on Capital Employed 13.1% [25.0%]

TODAY'S ALERT

Afternoon Alert: Rhodes Food Group jumps 6.3%

20 June 2018 12:51 SAST

Rhodes Food Group Pty Ltd (J:RFG) traded on volume of 0.2 times average so far today while the price jumped ZAR1.14 (or 6.3%) to trade at ZAR19.14.

RECENT ALERTS

CLOSING UPDATE: Rhodes Food Group sinks 5.2%

19 June 2018 19:00 SAST

Rhodes Food Group, South Africa's 6th largest food processor company by market capitalisation, has sunk 99.0c (or 5.2%) to trade at ZAR18.0. Compared with the FTSE/JSE- Africa Top 40 Index which fell 984.5 points (or 1.9%) in the day, this represented a relative price change of -3.3%.

Afternoon Alert: Rhodes Food Group up 6.1% in 2 days

19 June 2018 12:51 SAST

Rhodes Food Group Pty Ltd (J:RFG) extended its gains on Tuesday, rising an additional 65.0c (or 3.4%) to trade at ZAR19.64. The shares have risen ZAR1.13 (or 6.1%) over the past two trading days vs. the FTSE/JSE- Africa Top 40 Index which has fallen 1.7% in the same period.

Rhodes Food Group Pty Ltd (J:RFG; JNB:RFG; SJ:RFG)

ISIN: ZAE000191979

PermID: 5044012660

Source: www.BuySellSignals.com