Jump to content


Photo
* * * * * 3 votes

Steinhoff


  • Please log in to reply
7673 replies to this topic

#3841 Investment novice

Investment novice

    Master

  • Members
  • PipPipPipPipPip
  • 834 posts

Posted 06 December 2018 - 04:44 PM

I think a trading update will be coming soon for 2018Q3, and I (purely speculate) that it will be good (I might be right and I might be wrong, I myself don't know).


We should expect the trading update for Q4, not sure if adjustments for MF will be reflected. The March Q1 update most certainly will have a better looking MF scenario and will be a pump opportunity

Sent from my SM-G950F using Sharenet Sharechat mobile app
  • 0

#3842 Investment novice

Investment novice

    Master

  • Members
  • PipPipPipPipPip
  • 834 posts

Posted 06 December 2018 - 04:40 PM

I think a trading update will be coming soon for 2018Q3, and I (purely speculate) that it will be good (I might be right and I might be wrong, I myself don't know).


We should expect the trading update for Q4, not sure if adjustments for MF will be reflected. The March Q1 update most certainly will have a better looking MF scenario and will be a pump opportunity

Sent from my SM-G950F using Sharenet Sharechat mobile app
  • 0

#3843 Polly

Polly

    The Oracle

  • Banned
  • PipPipPipPipPipPipPipPip
  • 2,401 posts

Posted 06 December 2018 - 03:07 PM

Hi Polly were where those seriously actuaries before the crash? Jooster managed to take them all around the garden path!

exact point....the extent of the fraud left many hanging....Including Wiese...  so what u expecting from PWC then??  good news huh??

 

when exchange gold for fake diamonds you know no way out for this company.... and all because of one man..Jooste as u rightly said.....


  • 0

Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#3844 Lionelza1

Lionelza1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,487 posts

Posted 06 December 2018 - 02:38 PM

Hi Lionel,

You jumped ship before me. I am at R35000 loss with SNH at the moment but I am just ignoring it all.

lol my entire portfolio (9 equities) is at a R90 000 loss.

But I am not as stressed because i spread risk.....the last time I put alot in SNH alone and also jumped with a loss....


Good Luck!


Hi Lady M.... Thought u jumped ship as haven't seen u post. Yea I took a 400k knock on snh.... Might come in again next Feb for the LUA... But it's touch and go coz they always extending. I still have choppies and aveng left but I'm leaving it... Not adding, not drawing.

Best of luck on ur portfolio!
  • 0

#3845 DayTraderDad

DayTraderDad

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,602 posts

Posted 06 December 2018 - 01:36 PM

i dont blame the ceo L...this thingie is too complicated and complex...

 

we have values of R4.00 up to R20.00 being posted here bu some very confident posters...Well all i can say is there are some seriously good actuaries  in the markets who would have picked up value here if there was...but this share has never been above R4.00 last 6 months....so imo its not worth much..

Hi Polly were where those seriously actuaries before the crash? Jooster managed to take them all around the garden path!


  • 0

#3846 DayTraderDad

DayTraderDad

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,602 posts

Posted 06 December 2018 - 12:12 PM

Another very bright red day in the world markets! Naspers 4.68% down. So such a great company down not big deal for SNH to be 9.5% down


  • 0

#3847 DayTraderDad

DayTraderDad

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,602 posts

Posted 06 December 2018 - 12:10 PM

I think a trading update will be coming soon for 2018Q3, and I (purely speculate) that it will be good (I might be right and I might be wrong, I myself don't know).

I agree with you because they know what they sold for the quarter.


  • 0

#3848 Tom

Tom

    Little Master

  • Members
  • PipPipPipPip
  • 523 posts

Posted 06 December 2018 - 12:03 PM

I think a trading update will be coming soon for 2018Q3, and I (purely speculate) that it will be good (I might be right and I might be wrong, I myself don't know).


Edited by Tom, 06 December 2018 - 12:04 PM.

  • 0

#3849 Tom

Tom

    Little Master

  • Members
  • PipPipPipPip
  • 523 posts

Posted 06 December 2018 - 11:47 AM

It was a massacre this morning.

And the auction was extended, which caused the massacre to be worse.


Edited by Tom, 06 December 2018 - 11:49 AM.

  • 0

#3850 Motivated

Motivated

    Member

  • Members
  • PipPip
  • 111 posts

Posted 06 December 2018 - 11:45 AM

I sold all my shares for a lekka big loss..... Will buy in again when it hits Pollys big fat ZERO

Hi Lionel, 

 

You jumped ship before me.  I am at R35000 loss with SNH at the moment but I am just ignoring it all.

 

lol my entire portfolio (9 equities) is at a R90 000 loss.

 

But I am not as stressed because i spread risk.....the last time I put alot in SNH alone and also jumped with a loss....

 

 

Good Luck!


  • 0

#3851 DayTraderDad

DayTraderDad

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,602 posts

Posted 06 December 2018 - 11:19 AM

I agree with your view. The comments from Heather Sonn on the restructuring progress are not negative. I would rather wait and have a complete report that addresses all the issues then the business can move forward.

Sent from my SM-J111F using Sharenet Sharechat mobile app

Exactly this Steinhoff needs a good cleaning to start afresh.

Quore from SENS:

Chairperson Heather Sonn said:
 
"We sincerely regret this revision to the reporting timeline. While substantial progress has been made, the volume and complexity of the work required, including the interactions between the various parties, has been significantly greater than initially anticipated and more time is needed for all parties involved to complete the outstanding tasks. I would like to assure all stakeholders that we continue to approach these projects with maximum effort and commitment as we seek to bring them to conclusion.
 
"In parallel, our financial restructuring continues to make good progress. Our recently announced plans regarding the restructuring of the Group's financial indebtedness are significant milestones and will bring in a new period of financial stability for the Group. These plans are unaffected by today's announcement."

Edited by DayTraderDad, 06 December 2018 - 11:19 AM.

  • 0

#3852 DayTraderDad

DayTraderDad

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,602 posts

Posted 06 December 2018 - 11:17 AM

So I'm out, was a fuucked up fun adventure which I will never do again unless snh goes close to zero then I'm back :D haha... Many thanks to all you guys for the knowledge, laughs, insults etc.... And many thanks to Polly!!.. Great knowledge u have

Good luck guys.... Have a lekka festive!

Lionel its all about patients!!!


  • 0

#3853 seeking knowledge

seeking knowledge

    Newbie

  • Members
  • Pip
  • 25 posts

Posted 06 December 2018 - 11:09 AM

Yes if the share is so bad why is there no huge volumes selling? I still maintain my R20 in three years time!


I agree with your view. The comments from Heather Sonn on the restructuring progress are not negative. I would rather wait and have a complete report that addresses all the issues then the business can move forward.

Sent from my SM-J111F using Sharenet Sharechat mobile app
  • 0

#3854 DayTraderDad

DayTraderDad

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,602 posts

Posted 06 December 2018 - 10:30 AM

i dont blame the ceo L...this thingie is too complicated and complex...

 

we have values of R4.00 up to R20.00 being posted here bu some very confident posters...Well all i can say is there are some seriously good actuaries  in the markets who would have picked up value here if there was...but this share has never been above R4.00 last 6 months....so imo its not worth much..

Yes if the share is so bad why is there no huge volumes selling? I still maintain my R20 in three years time!


  • 0

#3855 Lionelza1

Lionelza1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,487 posts

Posted 06 December 2018 - 10:19 AM

So I'm out, was a fuucked up fun adventure which I will never do again unless snh goes close to zero then I'm back :D haha... Many thanks to all you guys for the knowledge, laughs, insults etc.... And many thanks to Polly!!.. Great knowledge u have

Good luck guys.... Have a lekka festive!
  • 0

#3856 Lionelza1

Lionelza1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,487 posts

Posted 06 December 2018 - 10:14 AM

Got.my trades reversed...

Sent from my SM-G935F using Sharenet Sharechat mobile app

Keep shorting u'll make money... But this share is corrupt so it will swing both ways

I mean come on, u guys seem to be doing this for a while, and the fact that this share has not been suspended must spell corruption right? And the way I see it, if there's corruption involved.... Stay away... Unless ur corrupt urself you will know how to play it haha

Edited by Lionelza1, 06 December 2018 - 10:15 AM.

  • 0

#3857 leo

leo

    Little Master

  • Members
  • PipPipPipPip
  • 724 posts

Posted 06 December 2018 - 09:45 AM

U smiling leo haha... Getting pomped


Got.my trades reversed...

Sent from my SM-G935F using Sharenet Sharechat mobile app
  • 0

#3858 Lionelza1

Lionelza1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,487 posts

Posted 06 December 2018 - 09:30 AM

I sold all my shares for a lekka big loss..... Will buy in again when it hits Pollys big fat ZERO
  • 0

#3859 Lionelza1

Lionelza1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,487 posts

Posted 06 December 2018 - 09:27 AM

U smiling leo haha... Getting pomped
  • 0

#3860 Lionelza1

Lionelza1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,487 posts

Posted 06 December 2018 - 09:04 AM

And sure snh has assets.... But when ur business is screwed as they are.... No wayz will they get the price they ask for should they wanna sell
  • 0





Sponsored by Sharenet and VPSNine Linux VPS Hosting