National Microfinace Bank consolidates near one-month high 03 April 2020

NEWS BITES - AFRICA

National Microfinace Bank PLC (DSE:NMB), Tanzania's largest Bank by market cap, consolidated its gains on Friday, after hitting a 1-month high on the day. It was unchanged at TZS2,340.0. There were 16 shares worth TZS36,907 (US$16) traded so far today. Today the stock traded between its 23-day high of TZS2,340.0 and 23-day low of TZS2,240.0.

Stock Summary

CurrencyTanzanian Shilling (TZS) 1 USD = 2,314.81 TZSSectorBank
Apr 03 closeTZS2,340.0Shares Outstanding500,000,000
52-Week Range1,924.15 - 2,340.00Market CapTZS1,170 billion [US$505.4 million]

HIGHLIGHTS IN TODAY'S REPORT:

SECTION 1 TODAY'S BULLISH SIGNALS

SECTION 2 TODAY'S BEARISH SIGNALS

RECAP FROM PREVIOUS REPORT (UPDATED AT THE LAST PRICE OF TZS2,340.0):

SECTION 3 THE PAST WEEK

SECTION 4 ONGOING BULLISH PARAMETERS

SECTION 5 ONGOING BEARISH PARAMETERS

SECTION 6 RANKING

SECTION 7 SUMMARY FINANCIALS

SECTION 8 CORPORATE PROFILE

SECTION 1 NATIONAL MICROFINACE BANK BULLISH SIGNALS

1.1 Uptrend:

Past Month:

+ In the past three months the stock has hit a new 52-week high nine times, pointing to a significant uptrend.

1.2 High Price Performance Indicator and rank of National Microfinace Bank in the Tanzanian market:

DescriptionNMB ValueRank In Market
Today's Trading TurnoverTZS36,907 (US$16)In Top 9%

SECTION 2 NATIONAL MICROFINACE BANK BEARISH SIGNALS

2.1 Overvaluation Indicator and rank of National Microfinace Bank in the Tanzanian market:

DescriptionValueRank In Market
Dividend Yield %2.8In Bottom 12%

RECAP FROM PREVIOUS REPORT (UPDATED AT THE LAST PRICE OF TZS2,340.0):

SECTION 3 THE PAST WEEK

3.1 Volatility:

+ The National Microfinace Bank is at a premium of 21.6% to its 12-month low of TZS1,924.15 traded on April 16, 2019.

SECTION 4 ONGOING BULLISH PARAMETERS

4.1 Increased VWAP, up 8% in 5 years

In the past five years Volume Weighted Average Price (VWAP) has increased by 8.0% to TZS2,339.03.

Past five years, 12 months ended Apr 03 (TZS)

YearHigh PriceVWAPLow Price
20202340.02339.031924.15
20192672.442246.441924.15
20182672.442539.622274.0
20172721.032216.651554.87
20163790.02166.651768.67

4.2 Increased Average Daily Turnover, up 7% in 5 years

In the past five years, average daily share turnover has increased 6.9% to TZS237.1 million (US$102,422). This suggests increased liquidity.

Increased Average Daily Turnover, up 7% in 5 years

In the past five years, average daily share turnover has increased 6.9% to TZS237.1 million (US$102,422). Past five years, 12 months ended Apr 03 (TZS million)

YearAverage Daily Turnover
2020237.1
20190.59
20181.8
201791.7
2016221.7

SECTION 5 ONGOING BEARISH PARAMETERS

5.1 Declining ADVT, down 98% in 4 years

Avg. Daily Volume Traded 12 months ended Apr 03, thousand shares

YearADVT
20192.5
20183.4
201763.0
2016113.7

5.2 Thinly traded stock: Days Untraded

Past five years, 12 months ended Apr 03

YearDays Untraded
2020192
2019214
2018186
201782
201612

The stock is thinly traded. Liquidity has deteriorated from 12 Days Untraded five years ago to 192 days in the past year.

SECTION 6 NATIONAL MICROFINACE BANK RANKING

Rank of National Microfinace Bank in the Tanzania Share Index [out of 6 stocks], in the Total Tanzanian Market [out of 9 stocks] and in the Bank sector [out of 3 stocks]

DescriptionValueIn Tanzania Share IndexIn Total Tanzanian MarketIn Bank sector
Return on Equity %27.2231
Price to Book1.4232
Price/Earnings5.2121
Yield %2.8573
PV1000 (1Year) TZS1,058332

SECTION 7 NATIONAL MICROFINACE BANK SUMMARY FINANCIALS

7.1 Dividend History

Trailing 12 months dividend for the 12 months ended April 03 was unchanged at TZS66.0.

SECTION 8 CORPORATE PROFILE

8.1 Activities

National Microfinance Bank (NMB), is a commercial bank in Tanzania. It is one of the commercial banks licensed by the Bank of Tanzania, the national banking regulator.

8.2 Issued Capital and MCap

Based on 500,000,000 issued shares the market capitalisation is TZS1,170 billion (US$505.4 million).

COMPANY IDENTIFIERS

Contact: +255 (0) 22 2161000

Physical Address: NMB House, Azikiwe/Jamhuri Streets

State/Province/Country: Tanzania

Exchange: Dar es Salaam Stock Exchange

Economic Sector: Financials

Business Sector: Banking & Investment Services

Industry Group: Banking Services

Industry: Banks

ISIN: TZ1996100222

TZ:NMB; NMB.TZ

PermID: 4298064841

RIC: NMB.TZ

Source: www.BuySellSignals.com