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#21 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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#22 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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#23 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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#24 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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#25 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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#26 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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#27 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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#28 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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#29 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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#30 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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#31 soutie

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Posted 01 August 2019 - 02:53 PM

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


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#32 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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#33 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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#34 soutie

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Posted 01 August 2019 - 02:10 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...?


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#35 new john

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Posted 01 August 2019 - 01:46 PM

Imported goods costing them more should the rand weaken then yes I fully agree. I would imagine that most supply contracts would have built in conditions as to currency fluctuations. However their Angolan operations will be another flavour altogether.

Look Shoprite's buying power would negate minor movements.

I'm more interested in what you read into their trading update that I missed...?

 

What part of the update did you find lackluster or disappointing? 


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#36 Midas1

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Posted 01 August 2019 - 01:45 PM

I'm no expert but didn't think 6 months not as bad as expected plus share ranged up 160 lot of july so i think upside possible...but perhaps simplistic view...also aware under 150 danger zone
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#37 soutie

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Posted 01 August 2019 - 01:28 PM

Imported goods costing them more should the rand weaken then yes I fully agree. I would imagine that most supply contracts would have built in conditions as to currency fluctuations. However their Angolan operations will be another flavour altogether.

Look Shoprite's buying power would negate minor movements.

I'm more interested in what you read into their trading update that I missed...?


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#38 Midas1

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Posted 01 August 2019 - 12:53 PM

If I'm understanding your question if they buying say baked beans/ cutlery or anything abroad when rand weak costing them more...if you referring 152.60..I think if breaks that on the up...but I've only been trading as such for short time so you welcome to say I'm talking rubbish..
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#39 soutie

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Posted 01 August 2019 - 12:15 PM

Know you have lots experience but watch that rand hey...think bad world wide sentiment and rand clapping it today ...statement was positive and think results out 20 aug

 

What is your reasoning in support of the highlighted above...?


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#40 soutie

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Posted 01 August 2019 - 11:57 AM

Surely lot of non perishables imported?

Maybe....like I say I don't deal in exacts...Maybe they have treasury dept. forward buying fixed rate contracts...gold bars in case of a meltdown...anything/everything I don't know...I went short purely on sentiment...& see a slow grind down over the next couple weeks till exact numbers come out & Mr market re-rates it. I'll be definitely before that time though.


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