South African stock alert

SAFR

Morning Alert: Grand Parade Investments keeps rising: up 16.2% in 3 days 18 October 2017 10:50 SAST

NEWS BITES - AFRICA

Grand Parade Investments Limited (J:GPL) extended its gains on Wednesday, rising an additional 25.0c (or 8.6%) to trade at ZAR3.15. Trading volume was 4.1 times average so far today. The shares have risen 44.0c (or 16.2%) over the past three trading days vs. the FTSE/JSE- Africa Top 40 Index which has fallen 0.1% in the same period.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: Grand Parade Investments climbs 11.5% on low volume October 17, 2017 17:00 SAST

Grand Parade Investments Limited (J:GPL), South Africa's 3rd largest Speciality Finance company by market cap, has lifted 30.0c (or 11.5%) in the past week to close at ZAR2.90. Compared with the FTSE/JSE- Africa Top 40 Index which rose 147.4 points (or 0.3%) in the week, this represented a relative price increase of 11.2%. The volume was 0.2 times average trading per week of 1.6 million shares. In the past week the market cap has jumped ZAR142.2 million.

1.2 5-day Recap

Grand Parade Investments outperformed the FTSE/JSE: AFRICA TOP 40 index in 4 out of 5 days.

DayHeadlineClose price [ZAR]Price change %Relative change %Comment
TuesdayGrand Parade Investments up 7.0% in 2 days2.95.55.8
MondayGrand Parade Investments rises 1.5% on high volatility2.751.51.0
ThursdayGrand Parade Investments jumps 8.6%2.898.68.8Top Rise
WednesdayGrand Parade Investments outperforms 83% of the market2.662.32.2

Note

DayHeadlineClose price [ZAR]Price change %Relative change %Comment
FridayGrand Parade Investments tumbles 6.2%2.71-6.2-6.4Steepest Fall

SECTION 2: Technical indicators

Bullish:

The positive 0.06 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive in four days, a reinforcing bullish signal.

The price soared 18.4% in the last week and 23.0% in the last month.

Note

The stock is at a discount of 21.2% to the 12-month high of ZAR4.0 on 31 Mar, 2017. It is also at a premium of 183.8% to the 12-month low of ZAR1.11 on 23 Jun, 2017.

The stock has underperformed 66% of the South African market over the past 6 months.

Bearish:

The present value of ZAR1,000 invested one year ago is ZAR866 [vs ZAR1,154 for the FTSE/JSE- Africa Top 40 Index], including a capital loss of ZAR182 and dividend reinvested of ZAR48. The total return to shareholders for 1 year is -13.4%.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US million110.6In Bottom Quartile
52-week Range (in ZAR)1.1-4.0
1-month Range (in ZAR)2.0-3.1
Today's Volatility %5.0In Bottom Quartile
Bollinger Bands1.1Bearish

SECTION 4: Recent Reported Buying

September 26: Grand Parade Investments director buys

Grand Parade Investments (J:GPL) director Alex Abercrombie bought 500,000 shares worth ZAR1,240,000 ($US92,132) on September 21. The purchase price was ZAR2.48.

September 26: Grand Parade Investments director buys

Grand Parade Investments (J:GPL) director Hassen Adams bought 194,759 shares worth ZAR486,898 ($US36,176) on September 20. The purchase price was ZAR2.50. The shares hit a seven-day high on the day.

SECTION 5: Recent News of Grand Parade Investments

October 09: Grand Parade Investments Limited - Broad-based Black Economic Empowerment Act: Annual Compliance Report

In accordance with paragraph 16.20(g) and Appendix 1 to Section 11 of the JSE Listing Requirements, notice is hereby given that the Company's annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company's website at www.grandparade.co.za.

Source: Sharenet

October 09: Grand Parade Investments Limited - Acceptance Of Options Offered By The Grand Parade Share Incentive Trust

In compliance with rules 3.63 to 3.74 of the JSE Limited's Listings Requirements, the following information is disclosed:

NAME OF DIRECTOR Hassen Adams

COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited

STATUS: EXECUTIVE/NON- Executive

EXECUTIVE

NUMBER OF OPTIONS GRANTED 2,377,924

OPTION STRIKE PRICE R 2.61 (GPI's 30-day volume weighted average traded price at 22 September 2017)

October 04: Grand Parade Investments Limited - Disclosure Of Acquisition Of Securities

Source: Sharenet

September 27: Grand Parade Investments announces AGM

Grand Parade Investments has announced its Annual General Meeting will take place on Thursday, December 07.

September 14: Grand Parade Investments Limited - Abridged Audited Financial Statements For The Year Ended 30 June 2017

INTRODUCTION

GPI's major investments in the Food and Gaming and Leisure industries continued to face significant pressure from the South African consumer during the year. South Africa is currently in the midst of economic and political uncertainty which was evidenced by the ratings downgrades which occurred during the financial year.

Grand Parade Investments Limited (J:GPL; JNB:GPL; SJ:GPL)

ISIN: ZAE000119814

PermID: 4298008672

Source: www.BuySellSignals.com