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#1 new john

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Posted 03 August 2020 - 10:28 AM

http://www.profileda...803_S434176.pdf
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#2 new john

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Posted 03 August 2020 - 10:15 AM

Retreating from Africa. Praise management.
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#3 soutie

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Posted 26 February 2020 - 03:26 PM

Gone into auction mode....Someone getting squeeeeeeeeeeeeeeeeezzzed to F"


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#4 soutie

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Posted 24 January 2020 - 09:37 AM

Need some volume now to really confirm this reversal & a breach/test & hold of the R123 area. Then we can grind our way higher in the coming months.


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#5 Midas1

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Posted 23 January 2020 - 03:54 PM

Shoprite write up..
Shoprite (Buy, TP – R140.00): David Smith & Thapelo Mokonyane state that Shoprite delivered a very strong 1H20 sales performance from off a very weak base last year. Even factoring in the weak base, the core RSA Supermarkets business delivered a 2 year CAGR in revenue of ~6.5%. While Africa and Furniture sales remain weak, this is in line with our expectations, particularly post the recent work we did on the SA consumer.
While we are ~10% behind consensus for FY12 EPS, we still see value at current levels and SHP is the only stock we have a Buy on in the food space.
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#6 Midas1

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Posted 22 January 2020 - 05:03 PM

Nice, I noticed up swing..
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#7 soutie

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Posted 22 January 2020 - 03:12 PM

Nicely done John....I jumped in a little earlier in the R119's

Not un-happy with today's guidance.

Anywhere down here's a bargain me thinks....3yr outlook/hold.

Cheers.


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#8 new john

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Posted 22 January 2020 - 11:29 AM

All that’s left here to do is some guidance on Africa.
Self inflicted wounds have healed.
SA Retail is showing good signs of recovery across the players.
Managed to time a buy at 11510 literally minutes before SENS released.
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#9 soutie

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Posted 02 August 2019 - 11:09 AM

Yip with you there...took what was left of mine off the table also....Slow grind down not playing out today...You having a decent 1 so far well done... ;)


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#10 Midas1

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Posted 02 August 2019 - 10:59 AM

Took 1400 profit shoprite cfds...had averaged down earlier in week but wasn't going up fast enough me so cleared decks...having good day
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#11 Magnet

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Posted 02 August 2019 - 09:45 AM

Wow Bud Waaaaaaaaay above my pay grade.... :D  :D  :D  :D  :D

 

Haha - think our options are limited in SA though!


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#12 Magnet

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Posted 02 August 2019 - 09:43 AM

I'm using iress for cfds..actually my equities too now...quite happy them so far..and feel safe re funds...they have backup you can look at daily on peregrine to see costs etc..and costs quite cheap

 

Thanks Midas will definitely check them out!! :)


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#13 soutie

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Posted 02 August 2019 - 09:05 AM

Thanks Soutie.  Agree their charting platform is miles ahead of any competitor - especially the mobile version.   I have used IG for a number of years.  CFDs do come with added risk (and I am not talking about monetary risk).  It always feels like someone knows where your stops are. 

 

Was looking for a broker who was able to loan me actual JSE listed shares instead (with decent trading software as well).  Cannot find any so maybe CFDs will have to do.  

 

 

Wow Bud Waaaaaaaaay above my pay grade.... :D  :D  :D  :D  :D


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#14 Midas1

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Posted 01 August 2019 - 05:28 PM

I'm using iress for cfds..actually my equities too now...quite happy them so far..and feel safe re funds...they have backup you can look at daily on peregrine to see costs etc..and costs quite cheap
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#15 Magnet

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Posted 01 August 2019 - 05:21 PM

Hi Magnet.

I use IG Markets they pretty reasonable as a company but their platform is the best out there for charting that I've come across.

Costs wise they're average but keep a close eye when you have stops in the market as sometimes they close you out at a MUCH higher cost.

I've phoned & complained a few times & been refunded. Make sure you're at your screen though as they're chancers deluxe.

 

 

Thanks Soutie.  Agree their charting platform is miles ahead of any competitor - especially the mobile version.   I have used IG for a number of years.  CFDs do come with added risk (and I am not talking about monetary risk).  It always feels like someone knows where your stops are. 

 

Was looking for a broker who was able to loan me actual JSE listed shares instead (with decent trading software as well).  Cannot find any so maybe CFDs will have to do.  


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#16 soutie

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Posted 01 August 2019 - 04:48 PM

Hi Magnet.

I use IG Markets they pretty reasonable as a company but their platform is the best out there for charting that I've come across.

Costs wise they're average but keep a close eye when you have stops in the market as sometimes they close you out at a MUCH higher cost.

I've phoned & complained a few times & been refunded. Make sure you're at your screen though as they're chancers deluxe.


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#17 Magnet

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Posted 01 August 2019 - 02:56 PM

Thanks for your take on things appreciated... ;)

 

@Soutie - what platform do you use to short JSE stocks if you dont mind me asking? Not too keen on CFDs


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#18 soutie

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Posted 01 August 2019 - 02:53 PM

Thanks for your take on things appreciated... ;)


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#19 new john

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Posted 01 August 2019 - 02:25 PM

I wasn't disappointed with the update I just felt it contained a lot of commentary as to what happened & smelt of well it wasn't our fault bla bla but as you can see 2nd half was much better. .but 1st half was shocking & yes it was your fault. You lost market share because of it. Same store growth wasn't there...growth is coming from new stores & another 80 or so to come next year. Eventually you saturate the market then operational costs eat into bottom line. Capitalist growth for growth sake...In most metropolitan areas you can in 5mins choose between 3-4 outlets..

Their push into Africa I can't get behind far too risky & how many home grown execs want to be seconded into Nigeria/Zambia(who've just confiscated a copper mine from Anglo's largest shareholder) or Angola...? Tiger Brands couldn't get their guys/gals to go sort out their Nigerian Dangote disaster.

The Christo Weise share saga still outstanding.

I agree New John with the corner superette idea.

I'm not against Shoprite I believe they're a fantastic company Maybe I just miss Whitey Basson's hand on the tiller, I doubt the new IT system bomb out would have been as big on his watch...?

 

CW saga yes..... I cannot fathom how that one failed so miserably. Makes you wonder if SHP even thought they had a chance?

 

Expansion into Africa, my way of thinking is, if anyone can pull it off, its only Shoprite out of the big four. That's obviously not reason enough for it to succeed however the board knows how to deal in Africa as opposed to Carrefour or any other potential suitors. 

 

I honestly feel the general trading public just doesn't realize what a monumental task the SAP changeover was and what effect it had on bottom line. ENTIRE stores were empty for days at a time. The entirety of the logistics and dispatch operations were chaos for the better part of 6 months. The constant pointing towards the IT debacle is not there to cover up a more sinister underlying issue, it WAS the issue. 

 

As for Mr Basson vs Mr Engelbrecht, well time will indeed tell. However whilst Whitey had the retail know how, I feel Engelbrecht has the ability to take the group into the future. 

Nowadays every company is a tech company first and industry second. 

 

But yeah, I'm a SHP fanboy (can you tell) and I honestly struggle to find too much reason, other than macro related issues, for this company to whither away. 


Edited by new john, 01 August 2019 - 02:27 PM.

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#20 soutie

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Posted 01 August 2019 - 02:17 PM

I want to buy some but I want to buy with confidence that I'm buying a mature well ran business like it was under Whitey's stewardship.

This secondary growth phase they're entering into doesn't give that just yet...

All around Retail SA has been stuffing up with over optimistic growth initiatives elsewhere thinking their home market is not under threat.

Complacency breeds contempt...am I feeling that.... ?


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