South African stock alert

SAFR

CLOSING UPDATE: African Dawn Capital plummets 25.9% 20 September 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).

African Dawn Capital, South Africa's 5th largest diversified financial services company by market capitalisation, has plummeted 7.0c (or 25.9%) to trade at 20.0c. Compared with the FTSE/JSE- Africa Top 40 Index which rose 125.2 points (or 0.2%) in the day, this represented a relative price change of -26.1%.

Technical indicators complementing today's significant downtrend:

+ The price plummeted 20.0% in the last month.

+ The present value of ZAR1,000 invested one year ago is ZAR500 [vs ZAR1,017 for the FTSE/JSE- Africa Top 40 Index].

Note

African Dawn Capital today is at a discount of 50.0% to the 12-month high of 40.0c on 02 Nov, 2017. It is at a premium of 33.3% to the 12-month low of 15.0c on 26 Apr, 2018.

The stock has outperformed 64% of the South African market over the past 6 months.

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

Undervaluation:

Price to Book of 2.4 [7.1]

TODAY'S ALERT

Afternoon Alert: African Dawn Capital plummets 25.9%

20 September 2018 12:51 SAST

African Dawn Capital Limited (J:ADW) traded on volume of 0.3 times average so far today while the price plummeted 7.0c (or 25.9%) to trade at 20.0c.

African Dawn Capital Limited (J:ADW; JNB:ADW; SJ:ADW)

ISIN: ZAE000223194

PermID: 4295888881

Source: www.BuySellSignals.com