UK stock alert

UK

CLOSING UPDATE: Glencore down 2.6% in 2 days 21 July 2017 19:05 BST

NEWS BITES - EUROPE

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

Glencore, the 2nd largest mining company by market capitalisation in the United Kingdom, extended its slide on Friday, shedding an additional GBX5.15 (or 1.6%) to trade at GBX313.55. Trading volume was 76% of average at the end of the day. The shares have fallen GBX8.45 (or 2.6%) over the past two trading days vs. the FTSE 100 Index which has risen 0.3% in the same period.

Technical indicators complementing today's significant downtrend:

+ The price decreased 0.8% in the last week.

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

Overvaluation:

+ Price to Book of 1.8 [1.5]

+ Dividend yield of 0.9% [2.3%]

Note

Glencore today is at a discount of 8.8% to the 12-month high of GBX343.75 on 23 Feb, 2017. It is at a premium of 84.6% to the 12-month low of GBX169.89 on 31 Aug, 2016.

The stock has underperformed 68% of the United Kingdom market over the past 6 months.

Bullish Signals:

The positive 7.9 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The present value of GBP1,000 invested one year ago is GBP1,746 [vs GBP1,112 for the FTSE 100 Index].

Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

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

Undervaluation:

Price/Sales of 0.4 [0.9]

Return on Capital Employed 1.4% [1.2%]

TODAY'S ALERTS

Afternoon Alert: Glencore decreases 1.4%, leads market lower

21 July 2017 15:54 BST

Glencore PLC (L:GLEN) has decreased 1.4% to trade at GBX314.10 vs. the FTSE 100 Index which weakened 12.9 points (or 0.2%) to 7,474.9. Representing a weighting of about 2.0% of the index, the stock accounted for 17.2% of today's loss. Trading volume was 93% of average so far today.

Morning Alert: Glencore increases 0.3%

21 July 2017 11:23 BST

Glencore PLC (L:GLEN) traded on volume of 1.0 times average so far today while the price increased 0.85 GBX (or 0.3%) to trade at GBX319.55.

Glencore PLC (L:GLEN; LON:GLEN; LN:GLEN)

ISIN: JE00B4T3BW64

PermID: 5027828860

Source: www.BuySellSignals.com