15225 replies to this topic

[DayTraderDad]

DayTraderDad, on 16 May 2021 - 2:47 PM, said:

Interesting interview with Tekkie Town claimant. I speacialy like the part were Takkie Town claimants still talking (haha maybe even braaing) in the weekends with Jooster!

https://www.biznews....bernard-mostert

I just wonder if Steinhoff could sue for overpaying for the Tekkie Town business maybe the price was agreed over a long braai with lots of green beer????

[DayTraderDad]

Interesting interview with Tekkie Town claimant. I speacialy like the part were Takkie Town claimants still talking (haha maybe even braaing) in the weekends with Jooster!

https://www.biznews....bernard-mostert

[Motivated]

Hi All,

Long time

Just happy I HELD ...Finally in the green after a few years lol...First purchase, Mid 2018

However I did play around with it a bit, selling and buying in-between

Stay Safe !

Sent from my SM-N960F using Sharenet Sharechat mobile app

[KP7]

I’d always question the credibility of individuals or entities who call an instrument lower but don’t actually open a short position, hence I don’t pay attention to analysts, journalists, economists or doomsayers on a forum. 

The market is notorious for flushing out the weak. Sheep are selling at levels where Wolves are buying or buying at levels where they selling which has always been how the market works. If you are a sheep, spend time working on the psychological aspect and train your brain not to fear pull backs whether you long or short. As long as you have a plan and invalidation levels, you shouldn’t fear red. Most of all, you can sleep well knowing the rest is up to the market.

 

On a personal note, it will be almost a year since I bought into SNH. Happy to be +95% and in a free trade as I know that if price reaches my entry, I was wrong and should get out at break even.

Still looking forward to April 2022.

 

Time for those Friday beers......

 

[Tiekkie]

Steinhoff business Pepco valued at R86 billion ahead of listing https://www.news24.c...isting-20210514

[Tiekkie]

Tiekkie, on 14 May 2021 - 06:01 AM, said:

Pepco value at 5 billion Euro..we should see good jump today

[Tiekkie]

Pepco value at R5bil....we should see good jump today

[DayTraderDad]

Tiekkie, on 13 May 2021 - 3:48 PM, said:

that's where I saw it

Another interesting article. Use google chrome to read it in English,

https://strefainwest...zapisy-na-akcje

Edited by DayTraderDad, 13 May 2021 - 06:09 PM.

[Tiekkie]

Polla, on 13 May 2021 - 12:22 PM, said:

https://www.moneyweb...ay-bookrunners/

that's where I saw it

[Polla]

DayTraderDad, on 13 May 2021 - 10:22 AM, said:

Where didyou see that?

https://www.moneyweb...ay-bookrunners/

[Squideye]

Kapstadt 24.05.2021 - "Ons (Tekkie) wil ’n behoorlik aangestelde likwidateur hê wat die likwidasie kan doen op terme wat billik is vir alle krediteure, en wat nie die finansiële krediteure voorkeur gee nie.”

[DayTraderDad]

Tiekkie, on 13 May 2021 - 09:40 AM, said:

Any news on Pepco price? Listing? Saw it was over subscribed

Where didyou see that?

[Tiekkie]

Any news on Pepco price? Listing? Saw it was over subscribed

[Tiekkie]

What % is Tekkie Towns contributing to the group. Can't be that big?

[Tiekkie]

DayTraderDad, on 13 May 2021 - 08:57 AM, said:

What a massive V shape. I wounder how many people lost money this morning selling in panic????

sitting on my hands so used to these moves over the years. Guess I'm immune to this already Those guys of tekkie town has lost before and I guess they will loose again.

[DayTraderDad]

Tiekkie, on 13 May 2021 - 08:50 AM, said:

At least they just released a Sens now stating that they will defend this case vigorously in court. That for me is positive.. silence is not an option anymore

What a massive V shape. I wounder how many people lost money this morning selling in panic????

[Tiekkie]

At least they just released a Sens now stating that they will defend this case vigorously in court. That for me is positive.. silence is not an option anymore

[DeltaHedge]

DayTraderDad, on 13 May 2021 - 08:31 AM, said:

This is what I would do if I was Takkie Town fellow:

That a loan for the R110 mil coming my way from settlement buy SNH shares at R2.00 would buy 55 mil.

They got 43mil shares for R1.8 Bil (or near that) so after buy the new shares they would have 98 mil shares for R1.91 Bil a average share price of: R20.53

Then just wait for the recovery and then they have all their money back even more if the share goes up to R40.

Pushing liquidation they will get ZERO!!!

Exactly, surely these guys have thought about this and won’t let pride get in the way. They in the game of making money, liquidation would mean Fokall money for them.

I guess we have to wait and see.

[DayTraderDad]

Tom, on 13 May 2021 - 08:21 AM, said:

ZERO (big and fat)

Sorry TOM like you always say MR. MARKET does not agree with you!!!!

[DayTraderDad]

DeltaHedge, on 13 May 2021 - 08:17 AM, said:

Exactly, what about the money to be made off the share price appreciation to come once claims are settled ? That’s where the money will be made.

It’s nonsensical, or please someone correct my thinking if I am wrong.

This is what I would do if I was Takkie Town fellow:

 

That a loan for the R110 mil coming my way from settlement buy SNH shares at R2.00 would buy 55 mil.

 

They got 43mil shares for R1.8 Bil (or near that) so after buy the new shares they would have 98 mil shares for R1.91 Bil a average share price of: R20.53

 

Then just wait for the recovery and then they have all their money back even more if the share goes up to R40.

 

Pushing liquidation they will get ZERO!!!