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#4081 Tom

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Posted 30 January 2019 - 12:26 AM

EOH is having "misconduct" and "irregularities" issues, and there's a risk it might go in a senario similar to Steinhoff's:

https://techcentral....tatement/86982/

 


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#4082 Tom

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Posted 30 January 2019 - 12:12 AM

https://www.fin24.co...member-20190129


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#4083 Milo

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Posted 29 January 2019 - 11:00 PM

how does indicators such as head and shoulders, cup and handle, etc ect give any indication of reading this share?

 

the way i see it, the only and most important indicator that will determine movement of this share is information right?

 

all snh has to do is release info  and this share has momentum (majority of the time), be it up or down.

 

i dont see how reading charts etc can assist in whats to come

 

Inverse head and shoulder is a reversal pattern so it’s positive. If the share moves above the 200 day moving average at R1.98 even better and It’s heading that way. Look at the daily chart, so something is happening with the share. 


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#4084 Midas1

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Posted 29 January 2019 - 08:40 PM

I dont have snh..do have shoprite
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#4085 Lionelza1

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Posted 29 January 2019 - 08:40 PM

daytraderdad, if memory serves me correct, your previous alias was americano not so?


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#4086 Lionelza1

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Posted 29 January 2019 - 08:31 PM

anywayz for me i aint putting another cent in on this share.......if it goes to my range i am selling, and if it goes lower i will be patient and just hold....i feel if it goes below R1.20? then in all likely hood it is game over


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#4087 Lionelza1

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Posted 29 January 2019 - 08:25 PM

how does indicators such as head and shoulders, cup and handle, etc ect give any indication of reading this share?

 

the way i see it, the only and most important indicator that will determine movement of this share is information right?

 

all snh has to do is release info  and this share has momentum (majority of the time), be it up or down.

 

i dont see how reading charts etc can assist in whats to come


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#4088 Midas1

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Posted 29 January 2019 - 08:13 PM

I should ring mr engelbert and ask wtf @
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#4089 Midas1

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Posted 29 January 2019 - 08:08 PM

P..whats your prediction re shoprite shares.....😰
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#4090 Polly

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Posted 29 January 2019 - 07:42 PM

now hows Shoprites trading statement seeing they part of Pepkor?

 

and sens issued after market closes tells a lot hay!!


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#4091 Polly

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Posted 29 January 2019 - 07:39 PM

Today Shoprite : ( part of Pepkor)

 

rading statement for the period ending 30 December 2018

SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South
Africa) Registration no. 1936/007721/06
ISIN: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
(“the Group” or “the company”)

TRADING STATEMENT FOR THE PERIOD ENDING 30 DECEMBER 2018

Following the operational update for the 26 weeks to December 2018, the Group is in the
process of finalising its financial results for the period. After the adoption of IFRS 9 and IFRS
15, the effect of the impact of Hyperinflation accounting as well as the transition to moving
average cost for the valuation of stock, the company is satisfied that a reasonable degree of
certainty exists that the financial results for this period is likely to vary by at least 20% from the
corresponding period.

The low turnover growth resulting from low food inflation, temporary stock availability
challenges and currency devaluations combined with lower Non-RSA gross margins and
inflexible expense growths have adversely affected profitability. Given the numerous once-off
costs and challenging trading environment, the Group anticipates lower earnings per share
(“EPS”) and headline earnings per share (“HEPS”) for the 26-week period ended 30 December
2018, falling within the ranges below:

Estimated Reported
Including the Dec 2018 Dec 2017 Expected
hyperinflation adjustment (26 weeks) (26 weeks) % change

Basic HEPS (cents) 441.1 - 388.6 525.6 -16% to -26%
Basic EPS (cents) 421.6 - 369.5 521.3 -19% to -29%

Estimated Reported
Excluding the Dec 2018 Dec 2017 Expected
hyperinflation adjustment (26 weeks) (26 weeks) % change

Basic HEPS (cents) 387.4 - 334.9 525.6 -26% to -36%
Basic EPS (cents) 369.9 - 317.8 521.3 -29% to -39%

Profitability in the Group’s Non-RSA business suffered mainly as a result of the Angolan operation,
where the 85% devaluation in the local currency against the dollar since the beginning of 2018 caused
affordability challenges. The Group absorbed most of the price increases driven by higher import costs
which simply could not be passed on to consumers given the current economic recession. Higher US
dollar linked rentals in the Non-RSA operations also made local currency cost containment
challenging.

In the Group’s RSA business, the following factors impacted profitability:

- Deflation (the Group still had 10,719 items in deflation in December) in basic food
categories in which the Group commands a higher than average market share.
- Supply constraints stemming from industrial action and the deployment of a new ERP
IT system resulted in lost sales in the period. Additional labour costs were incurred to
ensure our supply chain remained operational and brought up to full efficiency over the
festive season.
- Adjustments relating to the change in accounting estimate between retail method of
accounting and moving average cost impacted Gross Margin.
- Cost increases in rentals, electricity, security, transport and depreciation could not be
curtailed in line with the lower than expected top line growth.

The Group remains positive about its operational strength, customer support for its brands and
continues to make progress on its longer term strategic priorities. The transformational
changes we made during the year-long migration to a new IT system were challenging, but
the deployment has now been completed. January 2019 has seen the improved trading trend
continue and we are confident of an improved second half as the impact of various once-offs
continues to ease.

The above financial information, including estimated financial information, is the responsibility
of the directors of Shoprite Holdings and has not been reviewed or reported on by the Group’s
auditors. The hyperinflationary adjustment has been prepared for illustrative purposes only.
The consolidated financial results for the review period will be published on or about 26
February 2019.

Pieter Engelbrecht Anton de Bruyn
Chief executive officer Chief financial officer

Tel 021 980 4000

Date issued: 29 January 2019

Sponsor: Nedbank Corporate and Investment Banki


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#4092 Polly

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Posted 29 January 2019 - 07:37 PM

Pepkor

 

Trading Update For The Three Months Ended 31 December 2018
 
Pepkor Holdings Limited
(Previously Steinhoff Africa Retail Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: PPH
ISIN: ZAE000247995
(“PEPKOR” or the “Company”)
 
TRADING UPDATE FOR THE THREE MONTHS ENDED 31 DECEMBER 2018
 
In a challenging trading environment the Pepkor group increased revenue by 6.1% to
R19.5 billion for the three months ended 31 December 2018.
 
Clothing & general merchandise
 
The clothing and general merchandise segment reported sales growth of 6.1% and like-for-like
growth of 3.4%. Retail space increased by 4.0% compared to the comparative quarter.
 
The Pep and Ackermans brands in aggregate reported sales growth of 6.8% and like-for-like
sales growth of 2.7%. Core clothing, footwear and homeware (CFH) product categories
achieved 8.6% sales growth and 4.6% like-for-like growth which is very encouraging in the
current operating environment. Pep and Ackermans in aggregate reported inflation of 1.6% in
CFH retail selling prices.
 
Notwithstanding a decline in sales of 4.8% in rand terms as a result of currency devaluation
and poor performance in Zimbabwe, Pep Africa reported a markedly improved performance
in constant currency with sales growth of 18.7% and like-for-like growth of 13.3%. This was
supported by improved performance in Angola, Zambia and Nigeria.
 
The Speciality division reported sales growth of 7.3% with like-for-like growth of 3.0% in
aggregate. Satisfactory performance was achieved in the clothing product categories with
continued softer performance in footwear.
 
Furniture, appliances & electronics
 
The furniture, appliances and electronics brands reported sales growth of 0.6% and a decline
in like-for-like sales of 2.7% as the spending patterns of financially constrained consumers favour
essentials as opposed to durable product categories.
 
Building materials
 
Sales growth of 2.3% was achieved in the building materials segment with like-for-like growth
of 3.5% while retail space reduced by 1.3%. Performance was supported from a wholesale
perspective however, discounting in this highly competitive and contracting market continues
to put margins under pressure.
 
Fintech
 
The FLASH business continues to achieve significant growth, while a satisfactory performance
was reported by the Capfin call centre and debt collection operations. The segment reported
31.3% revenue growth for the quarter.
Outlook
 
Overall, Pepkor’s defensive market position and strategy of providing customers with value at
affordable prices, continue to resonate with a financially constrained consumer. It is expected
that these Pepkor fundamentals will continue to support future performance in a very
challenging retail environment.
 
Impact of Pepkor group’s pro forma constant currency disclosure
 
The Pepkor group discloses unaudited constant currency information to indicate Pep Africa’s
performance in terms of sales growth, excluding the effect of foreign currency fluctuations. To
present this information, current period turnover for Pep Africa reported in currencies other
than ZAR are converted from local currency actuals into ZAR at the prior year's actual average
exchange rates. The table below sets out the percentage change in sales, based on the
actual results for the period, in reported currency and constant currency for the basket of
currencies in which Pep Africa operates.
 
 % change in sales on prior period                                    Reported       Constant
                                                                      currency       currency
 
 Pep Africa                                                               (4.8%)         18.7%
 
The information included above is the responsibility of the directors and does not constitute an
earnings forecast and has not been reviewed and reported on by the Company’s external
auditors. The constant currency information has been prepared for illustrative purposes only.
 
Parow
 
28 January 2019
 
Sponsor
 
 


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#4093 Polly

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Posted 29 January 2019 - 07:23 PM

 yesterday PEPKOR comes out with solid results and the news media virtually said nothing. Where is Warren now? He should be out there saying that new management making things work. It is not correct to speculate and run down a company but forget about the good news. So for people listening to Warren will thing SNH is doomed going bankrupt next week yet its a business with strong cash flows both PEPKOR and PEPCO Europe. How come you don't say much about that!!!!

 

False information so ill correct you...

 

Wasnt solid results but a quarterly update which only shows turnover... Nothing to shout about thats why ignored by Market .

 

Yes a trading update for 6 months showing turnover and ebit and after taxes could then by scrutinized to see if solid or not.

 

Better still an audited financial statements will be more relied upon as all the backward looking claims and contingent liabilities will be taken care off in such accounts...

 

PS i dont care about Warren ( i didnt even look at the video)...Im giving you my views. 


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#4094 Lionelza1

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Posted 29 January 2019 - 06:51 PM

Only time this kak thing will move is during Feb, Q1 trading update. Then slow poison again. Will wait till then.

The end

haha i feel the same.....and then if they do the famous delay we shud see minimum 5% drop instantly


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#4095 leo

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Posted 29 January 2019 - 04:14 PM

Only time this kak thing will move is during Feb, Q1 trading update. Then slow poison again. Will wait till then.

The end
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#4096 Milo

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Posted 29 January 2019 - 03:00 PM

Hi in which time period day chart? Looks like will bounce from the 1.81

 

 

Yes my guess is that it will start going up now from 1.80 and when right shoulder is formed at about 2.10 to 2.15 then the inverted head and shoulder is completed and share bullish.


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#4097 DayTraderDad

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Posted 29 January 2019 - 01:45 PM

Left shoulder started about 23 October 2018 and completed a month later at 19 November 2018. The head pattern completed 2 months later at about 16 January 2019 and right shoulder started forming since 16 January 2019. Maybe right shoulder will be completed at about 20 February 2019. And then upside coming.

Thanks Milo.


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#4098 Milo

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Posted 29 January 2019 - 01:38 PM

Hi in which time period day chart? Looks like will bounce from the 1.81

 

Left shoulder started about 23 October 2018 and completed a month later at 19 November 2018. The head pattern completed 2 months later at about 16 January 2019 and right shoulder started forming since 16 January 2019. Maybe right shoulder will be completed at about 20 February 2019. And then upside coming.


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#4099 DayTraderDad

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Posted 29 January 2019 - 12:58 PM

Looks like there is a inverted head and shoulder pattern busy forming on the Steinhoff chart hoping it plays out and goes back to R 2.80 soon

Hi in which time period day chart? Looks like will bounce from the 1.81


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#4100 Milo

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Posted 29 January 2019 - 12:45 PM

Looks like there is a inverted head and shoulder pattern busy forming on the Steinhoff chart hoping it plays out and goes back to R 2.80 soon

 


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