South African stock alert

SAFR

CLOSING UPDATE: Efficient Group down 13.2% in 2 days 21 July 2017 18:57 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).

Efficient Group, South Africa's 3rd largest diversified financial services company by market capitalisation, extended its slide on Friday, shedding an additional 45.0c (or 12.0%) to trade at ZAR3.30. Trading volume was 32% of average at the end of the day. The shares have fallen 50.0c (or 13.2%) over the past two trading days vs. the FTSE/JSE- Africa Top 40 Index which has risen 0.1% in the same period.

Technical indicators complementing today's significant downtrend:

+ The stock has underperformed 97% of the South African market over the past 6 months.

+ In the last one month the stock has hit a new 52-week low twice and in the last three months seventeen times, pointing to a significant downtrend.

+ The present value of ZAR1,000 invested one year ago is ZAR545 [vs ZAR1,033 for the FTSE/JSE- Africa Top 40 Index].

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

Overvaluation:

+ Dividend yield of 1.8% [5.5%]

TODAY'S ALERT

Afternoon Alert: Efficient Group down 13.2% in 2 days

21 July 2017 12:50 SAST

Efficient Group Ltd. (J:EFG) extended its slide on Friday, shedding an additional 45.0c (or 12.0%) to trade at ZAR3.30. Trading volume was 64% of average so far today. The shares have fallen 50.0c (or 13.2%) over the past two trading days vs. the FTSE/JSE- Africa Top 40 Index which has risen 0.8% in the same period.

Efficient Group Ltd. (J:EFG; JNB:EFG; SJ:EFG)

ISIN: ZAE000133286

PermID: 4298483900

Source: www.BuySellSignals.com