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#21 DayTraderDad

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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!


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#22 DayTraderDad

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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


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#23 DayTraderDad

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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.


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#24 Tom

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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.

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#25 Tom

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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.

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#26 Motivated

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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!


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#27 DayTraderDad

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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.

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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.

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#28 DayTraderDad

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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!!!


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#29 seeking knowledge

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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.

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#30 DayTraderDad

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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!


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#31 Lionelza1

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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!
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#32 Lionelza1

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Posted 06 December 2018 - 10:14 AM

Got.my trades reversed...

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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.

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#33 leo

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Posted 06 December 2018 - 09:45 AM

U smiling leo haha... Getting pomped


Got.my trades reversed...

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#34 Lionelza1

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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
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#35 Lionelza1

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Posted 06 December 2018 - 09:27 AM

U smiling leo haha... Getting pomped
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#36 Lionelza1

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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
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#37 Lionelza1

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Posted 06 December 2018 - 08:50 AM

And personally... I do not think there's any value in snh.... I mean they running a business on other people's money, nothing to boast about there.... Day I end up in that situation I close doors and open a spaza shop...

Edited by Lionelza1, 06 December 2018 - 08:50 AM.

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#38 Lionelza1

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Posted 06 December 2018 - 08:42 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..


Totally agree it's complex.... Disagree that u do not blame the CEO. I've never looked at value in snh, I saw how the markets reacted with the "progress" snh was Making and I decided to play that. So I bought in again after he shot his mouth in the parliamentary process which turned out to be Lies!!!

And what is he? Ex attorney or something? Go figure.... They'll do anything if they're paid to do so
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#39 Polly

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Posted 06 December 2018 - 08:27 AM

And that useless diick they appointed as CEO is the biggest lying prick of them all

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..


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#40 Lionelza1

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Posted 06 December 2018 - 08:10 AM

Sorry bud

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Yea it's cool no probs... Can afford to lose but obviously not good
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