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 Tuesday, shedding an additional 6.0c (or 1.6%) to trade at $A3.79. Trading volume was 1.1 times average at the end of the day. The shares have fallen 9.50c (or 2.4%) over the past two trading days vs. the All Ordinaries Index which has fallen 0.1% in the same period.
Technical indicators complementing today's significant downtrend:
+ The price dropped 2.3% in the last week and decreased 1.8% in the last month.
South32 today is at a discount of 6.9% to the 12-month high of $A4.07 on 17 May, 2018. It is at a premium of 59.9% to the 12-month low of $A2.37 on 21 Jun, 2017.
The stock has outperformed 78% of the Australian market over the past 6 months.
In the last three months the stock has hit a new 52-week high thrice.
The present value of AUD1,000 invested one year ago is $A1,581 [vs $A1,079 for the All Ordinaries Index].
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 1. 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 10.8%.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 12.4 [22.6]
Price/Sales of 1.9 [2.5]
Price to Book of 1.5 [2.9]
Dividend yield of 4.6% [3.5%]
Return on Equity 12.0% [10.8%]
Return on Assets 8.4% [5.5%]
Return on Capital Employed 14.1% [11.6%]
Afternoon Alert: South32 down 2.7% in 2 days
June 12, 2018 13:00:00 AEST
South32 Limited (ASX:S32) extended its slide on Tuesday, shedding an additional 7.0c (or 1.8%) to trade at $A3.78. The shares have fallen 10.50c (or 2.7%) over the past two trading days vs. the All Ordinaries Index which has risen 0.05% in the same period.
Morning Alert: South32 down 2.3% in 2 days
June 12, 2018 11:00:00 AEST
South32 Limited (ASX:S32) extended its slide on Tuesday, shedding an additional 5.50c (or 1.4%) to trade at $A3.79. The shares have fallen 9.0c (or 2.3%) over the past two trading days vs. the All Ordinaries Index which has fallen 0.1% in the same period.
CLOSING UPDATE: South32 increases 1.4% - outperforming 83% of stocks
June 07, 2018 16:00:00 AEST
South32, Australia's 3rd largest materials company by market capitalisation, has increased 5.50c (or 1.4%) today to trade at $A3.88 and has outperformed 83% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the All Ordinaries Index which rose 32.0 points (or 0.5%) in the day, this represented a relative price increase of 0.9%.
Morning Alert: South32 lifts 2.2%
June 07, 2018 11:00:00 AEST
South32 Limited (ASX:S32) has lifted 8.50c (or 2.2%) to trade at $A3.92.
South32 Limited (AU:S32; ASX:S32; AX:S32)