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What's up with Steinhoff?


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#21 ThatBlackGuy

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Posted 08 September 2014 - 02:22 PM

Seems like the bounce is underway and will likely close above R50 today. 

 

Results expected out tomorrow. Should provide a bit of clarity around the JD group transaction, which is what I assume is causing all the jitters.

 

 


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Yes, I will take your money!  :ph34r:


#22 digi_dav

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Posted 04 September 2014 - 01:04 PM

50 will be big resistance to break. So that could pose some selling again. Needs to break 50 to be safe for now. 


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#23 RailRoad

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Posted 04 September 2014 - 12:31 PM

Trading at 4900. Up up and away...for now.


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#24 zombii

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Posted 04 September 2014 - 11:51 AM

I've freed up some cash in my portfolio to increase position.

 

The falling knife lesson does however make me wary.

My justification with quality like Steinhoff is that it is more like catching falling money... B)

 

I think most of the panic selling and stop loss hits are through. Hopefully on its way back up.


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#25 flexbender

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Posted 04 September 2014 - 11:37 AM

I've freed up some cash in my portfolio to increase position.

 

The falling knife lesson does however make me wary.

My justification with quality like Steinhoff is that it is more like catching falling money... B)

 


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#26 crowe

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Posted 04 September 2014 - 11:26 AM

this share has F@$%#$ me badly!!


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#27 zombii

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Posted 04 September 2014 - 11:17 AM

Good time to get into the share.


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#28 Bossie940

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Posted 04 September 2014 - 11:16 AM

I bailed out on 4750 maybe a little pre mature. Time wil tell

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#29 RailRoad

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Posted 04 September 2014 - 10:37 AM

The selling volumes have calmed down considerabily, been back at the 4850 level for a while now. Hope this is not the calm before the next storm...


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#30 Eagle eye

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Posted 04 September 2014 - 10:24 AM

Look like SHF got it',s breath back ,now for the stamina

 


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#31 digi_dav

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Posted 04 September 2014 - 10:16 AM

The name of the game is sell at swing highs right now. I agree though and see huge potential in the future but this is going down more. I am a buyer if it drops to 45. 


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#32 RailRoad

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Posted 04 September 2014 - 09:59 AM

Increased my stake at 4700, lets just hope more people see this as a massive discount on a quality share! Was trading at the 5500 level just a while back...


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#33 ThatBlackGuy

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Posted 04 September 2014 - 09:52 AM

OK ... I don't know what is happening here now.

 

I think there are a lot of folk who are well in the money and don't want to ride it down.

 

This is a massacre!


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Yes, I will take your money!  :ph34r:


#34 Qbre77

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Posted 04 September 2014 - 09:43 AM

Panic selling happening now!


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#35 HDB

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Posted 04 September 2014 - 09:42 AM

Wow...trading at 4660 levels. Dropped from 4850 in 15 minutes.

gonna be a lot of tears on this one...seems like a go with the crowd share!!!


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HDB

The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!


#36 RailRoad

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Posted 04 September 2014 - 09:40 AM

Wow...trading at 4660 levels. Dropped from 4850 in 15 minutes.


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#37 Bossie940

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Posted 03 September 2014 - 05:43 PM

What is the recommendations should one hold or run?

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#38 Future Warren Buffet

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Posted 03 September 2014 - 05:20 PM

5% Down again today? WHATS UP WITH STEINHOFF?

 


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#39 Gspot

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Posted 02 September 2014 - 01:37 PM

Results fell short of targets set by management.

 

The HEPS comparison does not take into account the loss made by JD Finance division because IFRS lets it exclude any "discontinued operations" from the HEPS growth calculation.

The HEPS from current business did improve yes, but the exclusion causes the results they have announced to be slightly 'masked'.

 

With that said, I think SHF is a LT buying opportunity at the moment.

Sitting on a PE below 13 now (according to my calcs) and some overreaction by the market today, it's a great chance to get in.

I have a order in just above R50. Target R65 (over the next 6 months).

I tend to agree 100% with your comments, just wish I had more cash to buy.....but will have to sit on my holding and wait patiently...


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#40 flexbender

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Posted 02 September 2014 - 01:03 PM

Results fell short of targets set by management.

 

The HEPS comparison does not take into account the loss made by JD Finance division because IFRS lets it exclude any "discontinued operations" from the HEPS growth calculation.

The HEPS from current business did improve yes, but the exclusion causes the results they have announced to be slightly 'masked'.

 

With that said, I think SHF is a LT buying opportunity at the moment.

Sitting on a PE below 13 now (according to my calcs) and some overreaction by the market today, it's a great chance to get in.

I have a order in just above R50. Target R65 (over the next 6 months).


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