South African stock alert

SAFR

Morning Alert: Telkom SA SOC in 2nd consecutive fall, nears a 25-month low 18 October 2017 10:50 SAST

NEWS BITES - AFRICA

Telkom SA SOC Ltd. (J:TKG) slipped further on Wednesday, sliding an additional 53.91c (or 1.0%) to trade at ZAR53.88. The stock dropped 2.75% on Tuesday bringing its 2-day fall to 3.7%. It is now approaching its 526-day low of ZAR53.65.

SECTION 1: The past week

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

1.1 At a glance

Weekly: Telkom SA SOC sinks 5.7% in 2 weeks; nears a 25-month low October 17, 2017 17:00 SAST

Telkom SA SOC Ltd. (J:TKG), South Africa's 3rd largest Telecommunication company by market cap, traded near it's twenty five-month low. It decreased ZAR1.99 (or 3.5%) in the past week to close at ZAR54.42. The stock sank for a second week recording a fall of ZAR3.28 (or 5.7%) in the past two weeks. Compared with the FTSE/JSE- Africa Top 40 Index which rose 1,370.2 points (or 2.7%) in the two weeks, this represented a relative price change of -8.4%. The volume was 1.5 times average trading per week of 9.1 million shares. In the past week the market cap has declined ZAR1 billion.

1.2 5-day Recap

Telkom SA SOC underperformed the FTSE/JSE: AFRICA TOP 40 index in 3 out of 5 days.

DayHeadlineClose price [ZAR]Price change %Relative change %Comment
TuesdayTelkom SA SOC in its biggest weekly loss in 2 months54.42-2.8-2.4Steepest Fall
FridayTelkom SA SOC hits year-low 3rd time in three months55.49-2.2-2.4
ThursdayTelkom SA SOC hits year-low 2nd time in one month56.751.41.6Top Rise; VI=2.8
WednesdayTelkom SA SOC in its biggest weekly loss in 3 weeks55.96-0.8-0.9

Note

DayHeadlineClose price [ZAR]Price change %Relative change %Comment
MondayTelkom SA SOC increases on firm volume55.960.90.3

SECTION 2: Ranking

DescriptionValueRank In Market
MCap $US billion2.1In 2nd Quartile
52-week Range (in ZAR)53.6-82.5
1-month Range (in ZAR)53.6-60.8
Williams %R-96.4Bullish

SECTION 3: Recent News of Telkom SA SOC

October 12: Telkom Sa Soc Limited - Withdrawal Of Cautionary Announcement

Shareholders are referred to the cautionary announcement released by Telkom on 30 August 2017.

The announcement stated that Telkom's major shareholder, the Government of the Republic of South Africa ("Government"), was considering various strategic options with regards to partially reducing its current approximate 39% shareholding in Telkom.

Telkom is not aware of any current decision taken by the Government with regards to its shareholding.

August 30: Telkom Sa Soc Limited - Cautionary Announcement

Cautionary Announcement

Shareholders are advised that Telkom's major shareholder, the Government of the Republic of South Africa ("Government"), is currently considering various strategic options with regards to partially reducing its current approximate 39% shareholding in Telkom ("Government's Telkom Proposal").

The implementation of Government's Telkom Proposal may have a material effect on Telkom's share price.

August 24: Telkom Sa Soc Limited - Results Of Annual General Meeting

Shareholders are advised that the voting results for the Annual General Meeting ("AGM") of Telkom held at 10h00 on Thursday, 24 August 2017 at Telkom Park, The Nexus Building, 91 Oak Avenue, Highveld, Centurion were as follows:

Source: Sharenet

Telkom SA SOC Ltd. (J:TKG; JNB:TKG; SJ:TKG)

ISIN: ZAE000044897

PermID: 4295889200

Source: www.BuySellSignals.com