15225 replies to this topic

[Investment novice]

Do we have in writing the leverage cpnservatorium has. Its unlikely to he negative, if anything it may have been conservatorium pushing wiese to sign and setyle as he wanted to opportjnistically and nabalistically have his share of blood.
Not sympathy for him.
The sens would have been misplaced if snh did not have the necessary support. They have majority.
Look forward to a new round of pump before dump..

[BradH]

Same here, they must have emptied the backlog haha. Just some appreciation for all contributors for your insights & analyses! Good to have both sides represented.

The nature of the stock currently makes it hard to see sustained upward movement; too many day traders that hop off after a leg up and break the trend, I think. So agree with others that for any real, sustained upward movement SH needs to have the agreement on paper, and bigger players buying the stock. But the language used in the press release & website updates make me quite confident, so holding strong over here.

 

Agree with you. My biggest worry is the Conservatorium casing dragging on for a few years, which it can very well do, and prevents SNH receiving the 75% support they need. 

[Tentative]

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

 

Same here, they must have emptied the backlog haha. Just some appreciation for all contributors for your insights & analyses! Good to have both sides represented.

The nature of the stock currently makes it hard to see sustained upward movement; too many day traders that hop off after a leg up and break the trend, I think. So agree with others that for any real, sustained upward movement SH needs to have the agreement on paper, and bigger players buying the stock. But the language used in the press release & website updates make me quite confident, so holding strong over here.

[LarryK]

I use the same approach as your day trader short technique.
I usually sell a fixed number of shares in batches on the way up and then sell once the price drops. I know what a falling knife is, this is not it.

Interesting, the last movement we had earlier this year when it went up to R1,80 R1,80 R1,60 R1,35 (rough Numbers) was actually targets I managed to see on the TA, even though I’m not experienced, I think I actually posted some of this. Overall the share pattern is still on a downwards cycle (Lionel is correct) and we need a strong event to break the pattern.
My last post of R1,25 was way out though, I’d think twice before posting this again myself.

[LarryK]

I use the same approach as your day trader short technique.
I usually sell a fixed number of shares in batches on the way up and then sell once the price drops.

How do you set your targets?

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.

[Africa1962]

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)

[Africa1962]

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

[DayTraderDad]

Saxo bank in Europe

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

[DayTraderDad]

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

Saxo bank in Europe

[Sleepwa123]

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.

[DayTraderDad]

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!!

[DayTraderDad]

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.

[andi222]

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.

 

[Leadingedge]

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

[Tom]

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.

[Leadingedge]

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?

[GutfeelTrader]

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.

[Bubble]

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.

[Sleepwa123]

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.

[LarryK]

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?