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#181 Lionelza1

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Posted 28 September 2018 - 10:34 AM

Mr Market doesnt seem to be dumping......not a snh scenario no fraud, loopholes in BS etc reported.....only discrepancy i could pick up was dude in zimbabwe taking money out of tills to build his house and he's challenging share% ......good buy?


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#182 Matrix

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Posted 28 September 2018 - 09:01 AM

Bought in at 40c, also got out again at 50c.

Latest Update that stated the following really concerned me:

 

"completion date and outcomes cannot be determined with any reasonable certainty at this stage,

impacting the finalization of the Company’s audited financial results for the year ended 30 June
2018. The Company is therefore unable to determine when it will be in a position to publish
audited financial results for the year ended 30 June 2018."


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#183 Lionelza1

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Posted 28 September 2018 - 07:28 AM

I got this one terribly wrong but made a profit. Question that baffles is the rebound..... Is it because market thinks its a verification and review and not a fraudulent transaction... Audit commenced already in Jan and there should have been disclosures and terminations if fraud was an issue similar to snh.... This is rather interesting... Will aim to buy on dips... Could be further announcements tomorrow or the following week with more guidance.. Could see some nice quick gains

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you made a profit.....great!...... im contemplating taking second bite of this cherry...but first gonna check out Mr Markets moods.

 

JSE halting trade definately threw spanner in the works.

 

Seems Mr Market is king in everything irrespective of companies perforamces etc...again i make reference to BLU jirrrr Mr Market killing that share slowly but why? Going to be a good buy when Mr Market turns that trend around


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#184 Ms Jet

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Posted 27 September 2018 - 06:46 PM

Glad you got out...im keen make some quick money but not interested in any more risk shares in my portfolio...choppies in trouble...they not big enough to buy cheap enough and distribution around these areas is costly...best a large company buys them out..
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#185 Investment novice

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Posted 27 September 2018 - 06:38 PM

I got this one terribly wrong but made a profit. Question that baffles is the rebound..... Is it because market thinks its a verification and review and not a fraudulent transaction... Audit commenced already in Jan and there should have been disclosures and terminations if fraud was an issue similar to snh.... This is rather interesting... Will aim to buy on dips... Could be further announcements tomorrow or the following week with more guidance.. Could see some nice quick gains

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#186 Lionelza1

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Posted 27 September 2018 - 05:42 PM

Haha yeah Im out as well.

This statement relates to prior years and current year adjustments that can happen. I'm pretty sure PWC won't issue an opinion until they are happy. 

Was good riding this one but for now I'm out haha.

 

Polly, any other share u would recommend thats a good buy at the moment?

yea u right on ur previous post bout the market, snh started this and it might be the trend now.....i think if companies miss their deadline on submitting financials its going to trigger a crash and if u short the stock at that moment you will be smiling all the way to the bank.

 

Having said that i think JSE needs to change something....IF companies cannot submitt financials on time they need to inform JSE first and JSE should have trading suspended and then send out notifications coz yooohhh ppl r losing bigtime with drops like that, they should also put much higher penalties if companies do not release financials on time.....my 2 cents....but for now i smile haha

 

Many thanks again Polly  :D


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#187 andi222

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Posted 27 September 2018 - 05:25 PM

Haha yeah Im out as well.

This statement relates to prior years and current year adjustments that can happen. I'm pretty sure PWC won't issue an opinion until they are happy. 

Was good riding this one but for now I'm out haha.

 

Polly, any other share u would recommend thats a good buy at the moment?


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#188 Ms Jet

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Posted 27 September 2018 - 05:09 PM

Well thank g d for that..snh will go towards 3...its just a rocky road
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#189 Lionelza1

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Posted 27 September 2018 - 05:01 PM

Ask someone whos been dealing in shares for years which isnt me....but id say buy some naspers or etf s when they down...we not experienced enough to only have 4 shares...should have more and more etfs to try bring down the risk..ypu sound like you gambling to try and make up any lose..its dangerous..

sjoe am out at 53c Jet....was quite a thrill haha...i go for high risks, high rewards.....but u also get high losses (SNH) eish


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#190 Ms Jet

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Posted 27 September 2018 - 04:32 PM

Ask someone whos been dealing in shares for years which isnt me....but id say buy some naspers or etf s when they down...we not experienced enough to only have 4 shares...should have more and more etfs to try bring down the risk..ypu sound like you gambling to try and make up any lose..its dangerous..
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#191 Shi

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Posted 27 September 2018 - 04:32 PM

Haha I got out at 50 cents again. The risk is really high at the moment and they have not communicated when results will be released. I will buy at 40 cents again. Crazy what is happening at the moment in the market.


Be careful, this one might drift lower and lower the longer the results are outstanding. Remember, in last week's SENS, they did say "The Group will inform shareholders of the anticipated publication on or before 15 October 2018" meaning that they don't currently know how long it will take to sort out the financials.

Edited by Shi, 27 September 2018 - 04:33 PM.

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#192 Lionelza1

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Posted 27 September 2018 - 04:15 PM

Lionel you mad in my opinion....i posted yesterday i was told by someone in know in writing on my whatsapp dont buy...im not kidding...unless you prepared loose it...or take the huge gamble take your money and run

is quite hard.....out of the now 4 shares on my portfolio this is the only friggen one on the up haha....eish


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#193 andi222

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Posted 27 September 2018 - 04:09 PM

Haha I got out at 50 cents again. The risk is really high at the moment and they have not communicated when results will be released. I will buy at 40 cents again. Crazy what is happening at the moment in the market.

 


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#194 Ms Jet

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Posted 27 September 2018 - 03:58 PM

Lionel you mad in my opinion....i posted yesterday i was told by someone in know in writing on my whatsapp dont buy...im not kidding...unless you prepared loose it...or take the huge gamble take your money and run
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#195 Lionelza1

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Posted 27 September 2018 - 03:49 PM

got in @38c......to keep not good idea? 

is standing still and im starting to freak the *** out


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#196 Lionelza1

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Posted 27 September 2018 - 03:49 PM

got in @38c......to keep not good idea? 


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#197 Ms Jet

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Posted 27 September 2018 - 03:11 PM

Id pull the money out if possible...couldn't deal with anymore drama shares...


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#198 Polly

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Posted 27 September 2018 - 03:10 PM

Didn't Polly but in?

no....back to 50c..u can get out IE!!


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#199 Ms Jet

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Posted 27 September 2018 - 03:08 PM

Didn't Polly but in?

 


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#200 Ms Jet

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Posted 27 September 2018 - 03:07 PM

eish caught the falling knife again- wonder if there is a relationship to SNH- same curve; pwc; and indeterminant date of finalisation.

despite this the share is selling and buying - must be more of my family of suckers

in at 40c

will wait this one through and probably buy at 5c as time goes on

Really Sorry IN, I did say yesterday what I was told..by someone in the know...Don't Buy......Im not an expert but if I say something I don't have any ulterior motives.


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