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Steinhoff


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#3841 leo

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Posted 06 September 2018 - 05:02 PM

Jip. We need to be patient. If people stop selling due to fear and hold onto shares we will see steady increases.
But as I mentioned already a lot of investors are newbies and they are easily influenced.
I will happily hold my shares until December


Agreed

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#3842 LarryK

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Posted 06 September 2018 - 04:58 PM

I havent seen any sens or reports indicaing this share worth nothing if i had would have pulled my money...to contrary seeking alpha etc had stated looks like value 7 up...


Jip. We need to be patient. If people stop selling due to fear and hold onto shares we will see steady increases.
But as I mentioned already a lot of investors are newbies and they are easily influenced.
I will happily hold my shares until December
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#3843 Ms Jet

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Posted 06 September 2018 - 04:47 PM

I havent seen any sens or reports indicaing this share worth nothing if i had would have pulled my money...to contrary seeking alpha etc had stated looks like value 7 up...
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#3844 leo

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Posted 06 September 2018 - 04:47 PM

reports, sens , report sens,,,,,,,,gamblers here...is that all you have invested here for without the facts???


Statement or question directed at me?

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#3845 Polly

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Posted 06 September 2018 - 04:41 PM

reports, sens , report sens,,,,,,,,gamblers here...is that all you have invested here for without the facts??? 


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#3846 leo

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Posted 06 September 2018 - 04:26 PM

Ues so eat choclate to get happy and hold your nerve 😁..cause when goes 3 ..4 up ill be crying if bail now...not doing it


Don't. Think we should see 4 to 5 after the pwc report in Dec

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#3847 Ms Jet

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Posted 06 September 2018 - 04:23 PM

Ues so eat choclate to get happy and hold your nerve 😁..cause when goes 3 ..4 up ill be crying if bail now...not doing it
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#3848 leo

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Posted 06 September 2018 - 04:18 PM

Based on what...nothing changed since yesterday?


That's the patern. Good news up, then down till the next round. Don't get it either.

There are no really concrete fundamentals to go on, so think many people are just speculating. My guess

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#3849 Ms Jet

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Posted 06 September 2018 - 04:14 PM

Based on what...nothing changed since yesterday?
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#3850 leo

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Posted 06 September 2018 - 04:09 PM

Down she goes....

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#3851 Ms Jet

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Posted 06 September 2018 - 03:57 PM

Please reconfirm for me pwc must produce reports by end december? Or what date ? If miss deadline then what..?
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#3852 Polly

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Posted 06 September 2018 - 03:43 PM

Polly do you think there is a chance of a total collapse of the share price to R1 or maybe even under when the PWC financial investigation is completed in December and if the discovery is in line with what youre saying? From what I know their mandate is to only look at results from the past 3-4 years i think but i could be wrong?

i always said " Sunken Ship",,,band aided now but waste of time imo


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#3853 woolhoff

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Posted 06 September 2018 - 03:32 PM



Ok so can you translate for me according to the graph, what is the projected low?
Sorry, im not very good at interpreting an elliot wave graph.



The previous response was more applicable to the ALSI. For Steinhoff the 250c level is support and also the target for the local abc.
For the Steinhoff bull take this is minor wave (iii) where minute wave iii within minor wave (iii) is where the bull charges.
So far within this minor wave (iii) the indication is for 2 minute waves completed making the 3rd minute wave iii in progress.
And so the story goes and within this 3rd minute wave there is indicated 2 minuette waves and so this should be the commence of minuette wave III.
But keep on your toes because these writings are still fresh with wet ink.
There are always alternates and they can give clues as to the likelihood of their emergence.
The indicators may be fakes like CNN reporting and then for starters this could be an incomplete zigzag correction.
Taking cover is prescribed for those with conviction of the bigger picture and seeing the bottom here.


From what ive understood snippit, it seems to me that nothhing is certain and these projections are contingent upon multiple factors that are out of steinhoffs control?

So in essence it is a guess but a sorta calculated one based on unknowns?
Which kinda does leave us with a boat in the river to stay afloat hopefully, but no ores?
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#3854 woolhoff

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Posted 06 September 2018 - 03:28 PM

Guys i looked at this company to0 invest @ R28.00 in 2006.

I know a lot about accounts and how to read balance sheets, but this company accounts confused the heck out of me. IMO this fraud is going way back from 2005. Never touched it then, good heavens.

Polly do you think there is a chance of a total collapse of the share price to R1 or maybe even under when the PWC financial investigation is completed in December and if the discovery is in line with what youre saying? From what I know their mandate is to only look at results from the past 3-4 years i think but i could be wrong?

Edited by woolhoff, 06 September 2018 - 03:29 PM.

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#3855 leo

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Posted 06 September 2018 - 03:25 PM

Guys i looked at this company to0 invest @ R28.00 in 2006.

I know a lot about accounts and how to read balance sheets, but this company accounts confused the heck out of me. IMO this fraud is going way back from 2005. Never touched it then, good heavens.


Golden rule. If you don't understand it, leave it..... in 99% of cases.

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#3856 Polly

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Posted 06 September 2018 - 03:16 PM

Guys i looked at this company to0 invest @ R28.00 in 2006.

 

I know a lot about accounts and how to read balance sheets, but this company accounts confused the heck out of me. IMO this fraud is going way back from 2005. Never touched it then, good heavens.


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#3857 leo

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Posted 06 September 2018 - 03:06 PM

Another pumper joke right?


Look at cash to earnings ratio. Super low. Someone was fondelling them figures...

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#3858 Chris101

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Posted 06 September 2018 - 03:02 PM

Another pumper joke right?

We shall have to wait and see??


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#3859 Polly

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Posted 06 September 2018 - 02:56 PM

 

As per Sarel's Comments here

 

What if....... there is little evidence of wrong doing and a massive amount of overreaction in the share price???

The more people write about the share the more confusion and the longer the share will be under pressure...

 

If nothing or very little fraud can be proven then we can see massive revalution in the stock.

Granted there is large debt. but the assets are getting better and better every day...

??

 

 

 

 

https://seekingalpha...omment-79579087

 

Author’s reply »
 
I'm still waiting for any evidence of wrongdoing, accounting misrepresentation or scandal, SorosGBP. There is a whole lot of noise but as yet no evidence. I hope that the PwC report would be one where PwC will actually take responsibility for their report and findings, as my experience with these type of reports are that they are always under cover of numerous disclaimers. Hopefully they will serve up some evidence. So far all we know is that Deloitte would not sign off and that set in motion the series of events. Does Deloitte have any evidence of wrongdoing? Then give it up, please. Why would they demand to approve the appointment of an investigator - is that their prerogative? Has this all been a massive emotional overreaction and panic based on no evidence at all hitting Steinhoff at a vulnerable point in time? Perhaps it is time to question some of the non-Steinhoff players in this drama.

 

 

Another pumper joke right?


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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.”


#3860 Chris101

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Posted 06 September 2018 - 02:42 PM

As per Sarel's Comments here

 

What if....... there is little evidence of wrong doing and a massive amount of overreaction in the share price???

The more people write about the share the more confusion and the longer the share will be under pressure...

 

If nothing or very little fraud can be proven then we can see massive revalution in the stock.

Granted there is large debt. but the assets are getting better and better every day...

??

 

 

 

 

https://seekingalpha...omment-79579087

 

Author’s reply »
 
I'm still waiting for any evidence of wrongdoing, accounting misrepresentation or scandal, SorosGBP. There is a whole lot of noise but as yet no evidence. I hope that the PwC report would be one where PwC will actually take responsibility for their report and findings, as my experience with these type of reports are that they are always under cover of numerous disclaimers. Hopefully they will serve up some evidence. So far all we know is that Deloitte would not sign off and that set in motion the series of events. Does Deloitte have any evidence of wrongdoing? Then give it up, please. Why would they demand to approve the appointment of an investigator - is that their prerogative? Has this all been a massive emotional overreaction and panic based on no evidence at all hitting Steinhoff at a vulnerable point in time? Perhaps it is time to question some of the non-Steinhoff players in this drama.

 


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