8098 replies to this topic

[Lionelza1]

Haha not this time very dangerous to short SNH. I now sell high when it dips like today I jump back in, Days of shorting SNH are over

Good boy.... Pomp day today

[DayTraderDad]

DTD probably falling off his chair with his short position haha

 

Haha not this time very dangerous to short SNH. I now sell high when it dips like today I jump back in, Days of shorting SNH are over

[Lionelza1]

DTD probably falling off his chair with his short position haha

[Investment novice]

Computer trades, share goes up and down, up and down... If youre a believer look away....

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[Lionelza1]

I still feel the dump is premature.... Stupid friggen market

[Lionelza1]

Haha Lionel EOH looking good!!!

Looking good for what? I reckon eoh will hit the 2bucks before steinhoff haha

[DayTraderDad]

I was anticipating a dump from next Tuesday..... I get the feeling I been sucker punched again haha... But it's cool coz I've made big Ka-ching on sibanye

 

Haha Lionel EOH looking good!!!

[Investment novice]

I was anticipating a dump from next Tuesday..... I get the feeling I been sucker punched again haha... But it's cool coz I've made big Ka-ching on sibanye

Nice, this one will also reset its base again soon

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[Lionelza1]

I was anticipating a dump from next Tuesday..... I get the feeling I been sucker punched again haha... But it's cool coz I've made big Ka-ching on sibanye

[Investment novice]

Lionel dont sweat... No you should not have sold..... Will go up again

.. And down....

And up

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[Lionelza1]

Lol... Seems like the dump has begun

[Pilotpilot]

Sorry to be the bearer of bad news, but it's not looking good for Steinhoff on short term indicators.

 

Resistance now @ R1-73 and can't see a real support level nearby.

[andi222]

Whats your nav guestimate Andi?

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Hi IN, that's really tough to say. In one of my previous posts I have added my best estimate for the true value of the businesses for 2021. Management has written off basically everything they could have written off to plead poverty for the legal claims in my opinion.

But we will only see this in future years to come. 

 

Just two examples I came across of undervaluing operating units. 

Pepco Group has a carrying value in the standalone financial statements of 1.7 Billion €. Latest estimate was around 4.5 Billion €. 

Mattress Firm is carried at around 50 Million in the books. Latest Equity reported was around 1.1 billion €. 

[Lionelza1]

Lionelza1, expect a decent pump until results next week. In addition Steinhoff might be included into S-dax again due to current MC and volumes. There will be a solid pump then. In April results are due, expect another pump and May there is an analyst day. Expecting some news regarding Pepco group future. Again another pump haha.

I think u will see your 2 Rands and even higher levels within the next few months.

Thanks... I'm with you 100% on pumps/dumps.. It's been the trend.

[Investment novice]

Whats your nav guestimate Andi?

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[andi222]

Lionelza1, expect a decent pump until results next week. In addition Steinhoff might be included into S-dax again due to current MC and volumes. There will be a solid pump then. In April results are due, expect another pump and May there is an analyst day. Expecting some news regarding Pepco group future. Again another pump haha.

 

I think u will see your 2 Rands and even higher levels within the next few months. 

[Lionelza1]

PS is on the up haha... Come on R2 u useless thing... Q1 due 27 feb

[Pilotpilot]

S

Edited by Pilotpilot, 18 February 2020 - 10:05 AM.

[Bubble]

Andi..... Any ideas on the quantim of pics transactions.... Also what would the new nav be assuming the playout of events as you highlighted... If you have access to shareholding please confirm if cw also has been adding to his portfolio....

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CW added nothing in Jan. I think it is more around owing 6% of the company than an expectation of share price growth...some trick of sort, cannot point the reason.

 

PIC added 8mil shares, nothing to get too happy about. This is not the main PIC holding, they have 2. The main one added nothing since Dec 18. The second holding has been adding for the last few months. July they had 20mil, and now sit on 54mil. They just do not have other options on the JSE, hence adding this cheap risky stuff.

 

The main PIC holding is also around 6% ownership, and adds nothing. Something around that 6% that give them more power, need to understand that.

[Investment novice]

Andi..... Any ideas on the quantim of pics transactions.... Also what would the new nav be assuming the playout of events as you highlighted... If you have access to shareholding please confirm if cw also has been adding to his portfolio....

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