South African stock alert

SAFR

CLOSING UPDATE: Remgro keeps sliding: down 4.4% in 4 days 20 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).

Remgro, South Africa's largest diversified industrials company by market capitalisation, extended its slide on Friday, shedding an additional ZAR4.24 (or 1.9%) to trade at ZAR217.90. Trading volume was 1.2 times average at the end of the day.

Technical indicators complementing today's significant downtrend:

+ The price sank 4.2% in the last week.

Note

Remgro today is at a discount of 6.9% to the 12-month high of ZAR233.94 on 10 Nov, 2016. It is at a premium of 9.2% to the 12-month low of ZAR199.54 on 06 Apr, 2017.

The stock has outperformed 54% of the South African market over the past 6 months.

Bullish Signals:

The positive 2.58 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

Tobin's Q Ratio is 1.1. Compared with the rest of the market the stock is undervalued.

Net profit margin has averaged 10.6% in the last 3 years. This is better than the sector average of 8.9% and suggests a high margin of safety.

TODAY'S ALERTS

Afternoon Alert: Remgro keeps sliding: down 4.2% in 4 days

20 October 2017 12:50 SAST

Remgro Limited (J:REM) extended its slide on Friday, shedding an additional ZAR3.71 (or 1.7%) to trade at ZAR218.43. Trading volume was 56% of average so far today.

Morning Alert: Remgro keeps sliding: down 3.5% in 4 days

20 October 2017 10:50 SAST

Remgro Limited (J:REM) extended its slide on Friday, shedding an additional ZAR2.18 (or 1.0%) to trade at ZAR219.96. Trading volume was 37% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Remgro keeps sliding: down 2.5% in 3 days

19 October 2017 18:58 SAST

Remgro, South Africa's largest diversified industrials company by market capitalisation, extended its slide on Thursday, shedding an additional ZAR1.36 (or 0.6%) to trade at ZAR222.14. Trading volume was 94% of average at the end of the day.

Afternoon Alert: Remgro keeps sliding: down 2.7% in 3 days

19 October 2017 12:50 SAST

Remgro Limited (J:REM) extended its slide on Thursday, shedding an additional ZAR1.65 (or 0.7%) to trade at ZAR221.85. Trading volume was 48% of average so far today.

Remgro Limited (J:REM; JNB:REM; SJ:REM)

ISIN: ZAE000026480

PermID: 4295888648

Source: www.BuySellSignals.com