Russian stock alert

RUSS

CLOSING UPDATE: MMC Norilsk Nickel down 3.4% in 2 days 21 July 2017 19:44 SAMT

NEWS BITES - BRIC

This is an end of day Alert, produced after today's Russian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

MMC Norilsk Nickel, Russia's largest mining company by market capitalisation, extended its slide on Friday, shedding an additional RUB101.0 (or 1.2%) to trade at RUB8,378.0. Trading volume was 2.7 times average at the end of the day. The shares have fallen RUB297.0 (or 3.4%) over the past two trading days vs. the MICEX Index which has fallen 1.1% in the same period.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low four times, pointing to a downtrend.

+ The price decreased 1.0% in the last week.

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

Overvaluation:

+ Price/Earnings of 8.8 [7.5]

+ Price/Earnings/Growth of 0.18 [0.1]

+ Price to Book of 6 [4.2]

+ Return on Assets 15.4% [18.4%]

Note

MMC Norilsk Nickel today is at a discount of 25.2% to the 12-month high of RUB11,199.0 on 09 Dec, 2016. It is at a premium of 9.1% to the 12-month low of RUB7,677.0 on 02 Jun, 2017.

The stock has outperformed 51% of the Russian market over the past 6 months.

Bullish Signals:

The positive 126.83 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

Interest cover is less leveraged at 8.2 times.

Total Liabilities/EBITDA of 3.4 is comfortably below the Joseph Piotroski benchmark of <5.

Tobin's Q Ratio is 1.4. Compared with the rest of the market the stock is undervalued.

Net profit margin has averaged 22.5% in the last 3 years. This is considered superior and suggests a high margin of safety.

TODAY'S ALERTS

Afternoon Alert: MMC Norilsk Nickel decreases 0.6% on strong volume

21 July 2017 14:09 SAMT

MMC Norilsk Nickel (MICEX:GMKN) traded on heavy volume of 2.7 times average so far today while the price decreased RUB48.0 (or 0.6%) to trade at RUB8,431.0.

Morning Alert: MMC Norilsk Nickel drops 2.0% on extraordinary volume

21 July 2017 11:38 SAMT

MMC Norilsk Nickel (MICEX:GMKN) traded on heavy volume of 3.6 times average so far today while the price dropped RUB171.0 (or 2.0%) to trade at RUB8,308.0.

RECENT ALERTS

CLOSING UPDATE: MMC Norilsk Nickel dropped 2.3%, led Mining sector lower

20 July 2017 19:44 SAMT

MMC Norilsk Nickel, Russia's largest mining company by market capitalisation, has dropped 2.3% to trade at RUB8,479.0 vs. the Mining sector which weakened 67.3 points (or 1.6%) to 4,275.6. Representing a weighting of about 50.4% of the sector, the stock accounted for 73.5% of today's loss. Trading volume was 1.4 times average at the end of the day. Compared with the MICEX Index which rose 3.6 points (or 0.2%) in the day, this represented a relative price change of -2.4%.

Afternoon Alert: MMC Norilsk Nickel increases 0.3% on firm volume

20 July 2017 14:07 SAMT

MMC Norilsk Nickel (MICEX:GMKN) traded on heavy volume of 1.1 times average so far today while the price increased RUB30.0 (or 0.3%) to trade at RUB8,705.0.

MMC Norilsk Nickel (M:GMKN; MCX:GMKN; MM:GMKN; RM:GMKN)

ISIN: RU0007288411

PermID: 4295887092

Source: www.BuySellSignals.com