South African stock alert

SAFR

CLOSING UPDATE: Grindrod up 16.2% in 2 days 15 June 2018 19:03 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).

Grindrod, South Africa's largest transportation company by market capitalisation, extended its gains on Friday, rising an additional ZAR1.34 (or 15.7%) to trade at ZAR9.85. Trading volume was 55% of average at the end of the day. The shares have risen ZAR1.37 (or 16.2%) over the past two trading days vs. the FTSE/JSE- Africa Top 40 Index which has fallen 1.7% in the same period.

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

Undervaluation:

+ Price to Book of 0.5 [0.6]

Bullish Signals:

+ Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 10% of stock by value of Q Ratio.

Note

Grindrod today is at a discount of 37.5% to the 12-month high of ZAR15.75 on 13 Oct, 2017. It is at a premium of 21.0% to the 12-month low of ZAR8.14 on 13 Jun, 2018.

Bearish Signals:

The negative 1.03 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

In the South African market, the stock's relative price strength percentile is slipping at 15 for 6 months, 6 for 3 months and 2 for 1 month.

In the last three months the stock has hit a new 52-week low once.

The price plummeted 26.1% in the last week and 24.2% in the last month.

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

Overvaluation:

Price/Sales of 0.8 [0.6]

TODAY'S ALERT

Afternoon Alert: Grindrod up 12.0% in 2 days

15 June 2018 12:50 SAST

Grindrod Limited (J:GND) extended its gains on Friday, rising an additional 99.0c (or 11.6%) to trade at ZAR9.50. Trading volume was 65% of average so far today. The shares have risen ZAR1.02 (or 12.0%) over the past two trading days vs. the FTSE/JSE- Africa Top 40 Index which has fallen 0.4% in the same period.

RECENT ALERTS

CLOSING UPDATE: Grindrod keeps sliding: down 36.4% in 3 days

13 June 2018 19:00 SAST

Grindrod, South Africa's largest transportation company by market capitalisation, extended its slide on Wednesday, shedding an additional ZAR4.29 (or 33.6%) to trade at ZAR8.48. Trading volume was 59% of average at the end of the day. The shares have fallen ZAR4.85 (or 36.4%) over the past three trading days vs. the FTSE/JSE- Africa Top 40 Index which has risen 0.6% in the same period.

Afternoon Alert: Grindrod keeps sliding: down 33.7% in 3 days

13 June 2018 12:51 SAST

Grindrod Limited (J:GND) extended its slide on Wednesday, shedding an additional ZAR3.93 (or 30.8%) to trade at ZAR8.84. Trading volume was 1.9 times average so far today. The shares have fallen ZAR4.49 (or 33.7%) over the past three trading days vs. the FTSE/JSE- Africa Top 40 Index which has risen 0.4% in the same period.

Grindrod Limited (J:GND; JNB:GND; SJ:GND)

ISIN: ZAE000072328

PermID: 4295889214

Source: www.BuySellSignals.com