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Steinhoff


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#41 vdbergpl

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Posted 16 October 2020 - 05:12 PM

They have updated their website to include their core values: https://www.steinhof...-what-we-do.php

 

Also I don't think a lot of people have noticed it but in the SENS yesterday from Pepkor they have announced that their loans have been extended to 2023.

 

Also Pepkor had total debt of 18 Billion Rands. They have announced that they have repaid 5.5 Billion rands. The building company sale will reduce it by another 1 Billion Rand. Bringing down the debt to 10.5 Billion. 

 

They have also announced that the debt debt covenants were amended to create sufficient headroom and enhanced flexibility going forward.

Posting their core values is a significant step....been in the corporate world for 31 years..."Living" by the Values is a fundamental belief in our company to prove good corporate citizenship....they must be feeling very good about themselves at this moment. They would not have dared post this a year ago...methinks LDP is a genius..(hope I don't regret that statement later)


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#42 vdbergpl

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Posted 16 October 2020 - 05:02 PM

Hi everyone, after months of following the discussion and trying to register I'm finally able to speak. I must say the last few posts are sad and unnecessary to become personal. I myself have invested a boatload of money because I believe there is money to be made in SNH. I believe in the company and as my name suggests it's a gut feel (probably the worst way to invest)

 

But.... Thanks for all the input on the forum, I've learned some comments to be taken with a pinch of salt (also my view) and others I read and thank, again purely because I believe in SNH. the ones I take with a pinch of salt could very well be true and I'm hoping it's not (else I could have paid off my cars)

 

Rooting for steinhoff all the way and had MANY damn moments, damn i didnt buy more and damn I didnt sell only to buy more later.

My luck I'll sell to buy again lower and the shareprice will just go up and up.

Hi Everyone.....me too...can finally speak.....been following all the posts silently for 8 months. Very informative thank you all...both the Positive and the Not So Positive.....I have found value in both


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#43 DayTraderDad

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Posted 16 October 2020 - 04:26 PM

Saxo bank in Europe

Its cheap pay E7.5 per trade does not matter the amount its fixed rate.


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#44 DayTraderDad

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Posted 16 October 2020 - 04:25 PM

Out of interest, what platforms are you using to trade?

Saxo bank in Europe


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#45 Sleepwa123

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Posted 16 October 2020 - 04:16 PM

Out of interest, what platforms are you using to trade?

 

LarryK I trade in the SA, USA and Eupe markets and only trade a few shares all the time that I know well what makes then go up and down. In SA I only trade SNH.

 

What you saying is you average down by buying at lower prices so what is know catching a falling knife.

 

What I was talking about is to use your share holding to make money and return to the same holding. For day trading I dont look at my average price of my holding what matters is if I have 100k shares then I need to end up with 100k shares when I buy back again and the money left is the profit.


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#46 DayTraderDad

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Posted 16 October 2020 - 04:12 PM

They have updated their website to include their core values: https://www.steinhof...-what-we-do.php

 

Also I don't think a lot of people have noticed it but in the SENS yesterday from Pepkor they have announced that their loans have been extended to 2023.

 

Also Pepkor had total debt of 18 Billion Rands. They have announced that they have repaid 5.5 Billion rands. The building company sale will reduce it by another 1 Billion Rand. Bringing down the debt to 10.5 Billion. 

 

They have also announced that the debt debt covenants were amended to create sufficient headroom and enhanced flexibility going forward.

Haha indeed I was so surprize not one single comment in the forum, yet lots of good things in it!!


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#47 DayTraderDad

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Posted 16 October 2020 - 03:35 PM

Dtd maybe you should share a few of your trades for the next week so we see how well you do?

Ps. I have traded my average share price down to R1,41 but it’s still a loss currently, I don’t see how you call it day Trading profit if all you do is slightly reduce your loss?

LarryK I trade in the SA, USA and Eupe markets and only trade a few shares all the time that I know well what makes then go up and down. In SA I only trade SNH.

 

What you saying is you average down by buying at lower prices so what is know catching a falling knife.

 

What I was talking about is to use your share holding to make money and return to the same holding. For day trading I dont look at my average price of my holding what matters is if I have 100k shares then I need to end up with 100k shares when I buy back again and the money left is the profit.


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#48 andi222

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Posted 16 October 2020 - 03:02 PM

They have updated their website to include their core values: https://www.steinhof...-what-we-do.php

 

Also I don't think a lot of people have noticed it but in the SENS yesterday from Pepkor they have announced that their loans have been extended to 2023.

 

Also Pepkor had total debt of 18 Billion Rands. They have announced that they have repaid 5.5 Billion rands. The building company sale will reduce it by another 1 Billion Rand. Bringing down the debt to 10.5 Billion. 

 

They have also announced that the debt debt covenants were amended to create sufficient headroom and enhanced flexibility going forward.

 


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#49 Leadingedge

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Posted 16 October 2020 - 02:58 PM

Whats happening guys?? Share price is off the the races again!


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#50 Tom

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Posted 16 October 2020 - 01:43 PM

Unfortunately since 2018 and actively up until now, the longs have systematically destroyed this forum and pushed many good people with sound point of views out of this forum (btw: a good point of view can be for or against), they have ganged up and used every insult and trick in their bad book to do so, they have systematically with their utterly false, wild and obnoxious posts caused themselves and many others huge losses that I estimate can go to hundreds of millions of rands.


Edited by Tom, 16 October 2020 - 01:47 PM.

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#51 Leadingedge

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Posted 16 October 2020 - 01:37 PM

Hi everyone, after months of following the discussion and trying to register I'm finally able to speak. I must say the last few posts are sad and unnecessary to become personal. I myself have invested a boatload of money because I believe there is money to be made in SNH. I believe in the company and as my name suggests it's a gut feel (probably the worst way to invest)

 

But.... Thanks for all the input on the forum, I've learned some comments to be taken with a pinch of salt (also my view) and others I read and thank, again purely because I believe in SNH. the ones I take with a pinch of salt could very well be true and I'm hoping it's not (else I could have paid off my cars)

 

Rooting for steinhoff all the way and had MANY damn moments, damn i didnt buy more and damn I didnt sell only to buy more later.

My luck I'll sell to buy again lower and the shareprice will just go up and up.

 

Welcome to the fun zone, its allways nice to have another perspective and added support. As many have mentioned before, this is a place to share thoughts, ideas, opinions and moral support.

 

On another note, there is interesting upward movement on Tradegate. Is there something we don't know?


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#52 GutfeelTrader

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Posted 16 October 2020 - 12:54 PM

Hi everyone, after months of following the discussion and trying to register I'm finally able to speak. I must say the last few posts are sad and unnecessary to become personal. I myself have invested a boatload of money because I believe there is money to be made in SNH. I believe in the company and as my name suggests it's a gut feel (probably the worst way to invest)

 

But.... Thanks for all the input on the forum, I've learned some comments to be taken with a pinch of salt (also my view) and others I read and thank, again purely because I believe in SNH. the ones I take with a pinch of salt could very well be true and I'm hoping it's not (else I could have paid off my cars)

 

Rooting for steinhoff all the way and had MANY damn moments, damn i didnt buy more and damn I didnt sell only to buy more later.

My luck I'll sell to buy again lower and the shareprice will just go up and up.


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#53 Bubble

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Posted 16 October 2020 - 10:10 AM

Gents may I ask that we refrain from insulting one another. This forum is meant to be a place where we share info and discuss thoughts.

Hated the Polly time. Was so pointless.

With you 100% Sleepwa123

 

I think we alienated Captain in the process also, and lost his/her valuable input.


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#54 Sleepwa123

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Posted 16 October 2020 - 09:54 AM

Gents may I ask that we refrain from insulting one another. This forum is meant to be a place where we share info and discuss thoughts.

Hated the Polly time. Was so pointless.


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#55 LarryK

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Posted 16 October 2020 - 08:15 AM

Dtd maybe you should share a few of your trades for the next week so we see how well you do?

Ps. I have traded my average share price down to R1,41 but it’s still a loss currently, I don’t see how you call it day Trading profit if all you do is slightly reduce your loss?
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#56 BradH

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Posted 16 October 2020 - 08:07 AM

Haha thanks for admiting you dont have the brains so if you know nothing of day trading how can you have an opinion about me or any other trader??? I have no desire to bullshit anyone I have however the right to make my statemnts without being insulted oI believe respect for each other o the forum is the correct way to exchange ideas. It will be sad if we get back to the Polly insulting days again.

 

You know everything I've said is absolutely true. All the best with your 'theory'. 


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#57 DayTraderDad

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Posted 16 October 2020 - 08:02 AM

I don't trade, I invest, as I'm humble enough to admit I don't have the brains for trading. I would put all my money on the fact that you are NOT on that top 10% list. As I said, you are like a degenerate gambler who thinks they have a winning theory, trading is gambling. Just stop trying to bullshit everyone on here about how your 'theory' pays your bills, keep it for the golf course and your gullible partners.

Haha thanks for admiting you dont have the brains so if you know nothing of day trading how can you have an opinion about me or any other trader??? I have no desire to bullshit anyone I have however the right to make my statemnts without being insulted oI believe respect for each other o the forum is the correct way to exchange ideas. It will be sad if we get back to the Polly insulting days again.


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#58 BradH

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Posted 16 October 2020 - 07:51 AM

Haha I totally agree but you can put all your money on the fact that I am on the list of the 10% that make money. I pay 0.2% commision on trades how much do you pay? Just that should tell you a story and pall you are the one that need a chair to sit if only you know the volumes I trade per year.

 

You all missed the point Lionel is forerever calling me a con because I short SNH and at same time do believe its a great share to hold in the long run. The success of your  pal Buffet was that he was always humble and did not let his arrogance get the better of him. I was just explaining what I do so if you just spend half the time you spent writing your post thinking about the theory maybe you would have learnt something. But frankly I dont care what you guys think of me none of you play my bills!! SNH is one of the shares that does!!!

 

 

Haha I totally agree but you can put all your money on the fact that I am on the list of the 10% that make money. I pay 0.2% commision on trades how much do you pay? Just that should tell you a story and pall you are the one that need a chair to sit if only you know the volumes I trade per year.

 

You all missed the point Lionel is forerever calling me a con because I short SNH and at same time do believe its a great share to hold in the long run. The success of your  pal Buffet was that he was always humble and did not let his arrogance get the better of him. I was just explaining what I do so if you just spend half the time you spent writing your post thinking about the theory maybe you would have learnt something. But frankly I dont care what you guys think of me none of you play my bills!! SNH is one of the shares that does!!!

 

I don't trade, I invest, as I'm humble enough to admit I don't have the brains for trading. I would put all my money on the fact that you are NOT on that top 10% list. As I said, you are like a degenerate gambler who thinks they have a winning theory, trading is gambling. Just stop trying to bullshit everyone on here about how your 'theory' pays your bills, keep it for the golf course and your gullible partners.


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#59 DayTraderDad

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Posted 16 October 2020 - 07:29 AM

Good post Sir.

Oh and DTD, you said a few days ago the train has left the station? Now what?
 

Sure LarryK I did say that and what has changed sinse then? Did more bad news about SNH arrive? No what arrived is the second wave lockdown which making the 80 to 90% of loser traders having a panic attack.  The reality its 1.5 weeks to go to get the creditors agreement. What will happen when that news arrives?

 

To help out your friend the biggest single reason why traders dont make money is the stop losses that get taken out by big players/machines with algorithm trading.

 

Algorithm trading programs work you load it with money and all they do is follow trends buying and selling all the time. In SNH case the machnes got set to the up trend after the news because the programs allow them to act on new then got to the top bad sentiment in the market arrived and all machines are set on down trend and all the fools with stop losses get cought out because they think ther can beat the machines. When I first started day trading many years ago it was quite easy to make money but today is extremely deficult a trader needs lots of experience to be successfull. Its  here the failure today its so easy to be day trader all you need is a computer, internet and money and lots of tips from people like old Polly. So to conclude for me indeed the news about the setlement is great and indeed the train has left the station because once the settlements done then only the financial restructuring left which for me that is the easiest of all the serious restructure SNH went through since 2017.


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#60 DayTraderDad

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Posted 16 October 2020 - 07:08 AM

You sound like a gambler who has brainwashed themselves that they have discovered a system. It is a known fact that 80%-90% of day traders lose money overall. Yes, you may make a successful run here and there, and I bet these are the only gains you ever mention to your buddies on the golf course and here on the forums. Tell us about all your losses. You also neglect to mention all the admin costs per trade as well as the taxman's cut. So no, not a tidy 6k for a days work. If it was straight cut as you make out, nobody would be working and every one will be at home doing what you do. There is a very tiny percentage of very intelligent, savvy investors who make money day trading and judging by all your comments today, you are not one of them. Even the great Warren Buffet has the humility to admit he has no clue what the markets are going to do. So DTD, sit down before you fall down pal. 

Haha I totally agree but you can put all your money on the fact that I am on the list of the 10% that make money. I pay 0.2% commision on trades how much do you pay? Just that should tell you a story and pall you are the one that need a chair to sit if only you know the volumes I trade per year.

 

You all missed the point Lionel is forerever calling me a con because I short SNH and at same time do believe its a great share to hold in the long run. The success of your  pal Buffet was that he was always humble and did not let his arrogance get the better of him. I was just explaining what I do so if you just spend half the time you spent writing your post thinking about the theory maybe you would have learnt something. But frankly I dont care what you guys think of me none of you play my bills!! SNH is one of the shares that does!!!


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