Australia Stock Alert
CLOSING UPDATE: South32 keeps sliding: down 7.4% in 5 days August 17, 2018 16:00:00 AEST
NEWS BITES - AUSTRALIA
This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
South32, Australia's 3rd largest materials company by market capitalisation, extended its slide on Friday, shedding an additional 2.0c (or 0.6%) to trade at $A3.36. Trading volume was 72% of average at the end of the day. The shares have fallen 27.0c (or 7.4%) over the past five trading days vs. the All Ordinaries Index which has risen 0.9% in the same period.
Technical indicators complementing today's significant downtrend:
+ The negative 0.05 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The price tumbled 7.4% in the last week and sank 5.4% in the last month.
South32 today is at a discount of 17.4% to the 12-month high of $A4.07 on 17 May, 2018. It is at a premium of 25.7% to the 12-month low of $A2.67 on 28 Aug, 2017.
The stock has outperformed 66% of the Australian market over the past 6 months.
In the last three months the stock has hit a new 52-week high once.
Interest cover is less leveraged at 8.7 times.
Total Liabilities/EBITDA of 2.4 is comfortably below the Joseph Piotroski benchmark of <5.
Tobin's Q Ratio is 0.9. Compared with the rest of the market the stock is undervalued.
As per the Du Pont analysis, Return on Equity of 12.0% is better than sector average of 10.9%.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 10.5 [20.2]
Price/Sales of 1.6 [2.2]
Price to Book of 1.2 [2.6]
Dividend yield of 5.2% [4.3%]
Return on Equity 12.0% [10.9%]
Return on Assets 8.4% [5.4%]
Return on Capital Employed 14.1% [11.4%]
Afternoon Alert: South32 keeps sliding: down 7.6% in 5 days
August 17, 2018 13:00:00 AEST
South32 Limited (ASX:S32) extended its slide on Friday, shedding an additional 2.50c (or 0.7%) to trade at $A3.35. The shares have fallen 27.50c (or 7.6%) over the past five trading days vs. the All Ordinaries Index which has risen 0.9% in the same period.
CLOSING UPDATE: South32 keeps sliding: down 6.9% in 4 days
August 16, 2018 16:00:00 AEST
South32, Australia's 3rd largest materials company by market capitalisation, extended its slide on Thursday, shedding an additional 2.0c (or 0.6%) to trade at $A3.38. Trading volume was 68% of average at the end of the day. The shares have fallen 25.0c (or 6.9%) over the past four trading days vs. the All Ordinaries Index which has risen 0.7% in the same period.
Afternoon Alert: South32 in 4th consecutive fall, nears six-month low
August 16, 2018 13:00:00 AEST
South32 Limited (ASX:S32) slipped further on Thursday, sliding an additional 3.50c (or 1.0%) to trade at $A3.37. The stock decreased 0.56% on Tuesday and 3.68% on Wednesday bringing its 4-day fall to 7.3%. It is now approaching its 125-day low of $A3.28.
South32 Limited (AU:S32; ASX:S32; AX:S32)