15225 replies to this topic

[BradH]

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'. 

[DayTraderDad]

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.

[BradH]

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.

[DayTraderDad]

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.

[DayTraderDad]

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!!!

[LarryK]

Good post Sir.

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

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.

[BradH]

Anyway let me explain how I short my own shares.

 

Most of us have bought SNH shares at lets say R3 and now its trading for R0.80 so we all cry and wait with great anticipation for the share to get to R3.20 then sell and get out feeling whow finaly I am out. So spent long time in red the money tied up and produced nothing.

 

So let me tell you my way:

 

Lets say I bought shares at R3.00 say 10,000 share.  So when I expect the share will drop like today for example due to covid lockdowns I sold part of my share holding at 0.86 and bought back at 0.80 so if I sold the 10k shares received R8600 then I bought it back at 0.80 = 8000 I made R600. However I normaly trade blocks of 100K  shares so a tidy R6K for a days work. So at the end of the day I still have the 10k shares and R600 but if I am waiting for the share to get to R3.00 I would still be today the same desgranted shareholder complaining waiting for one day to get back to the R3.00 while my way made money to buy green beer. Welcome to day trading

 

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. 

[DayTraderDad]

Haha Lionel I have long last stopped shorting SNH. With this market its impossible to say what is a correct share price for any company banks in europe have had serious losses that does not mean they all going bust. The investors at present are loosing so much money its unprecedented trading on sentiment and feeling heard feel. Day traders are making a fortune  due to the high percentage movements. I made money today sold part of my SNH and bought id again cheaper. I told you before always open to teach you how to do it!!!

Anyway let me explain how I short my own shares.

 

Most of us have bought SNH shares at lets say R3 and now its trading for R0.80 so we all cry and wait with great anticipation for the share to get to R3.20 then sell and get out feeling whow finaly I am out. So spent long time in red the money tied up and produced nothing.

 

So let me tell you my way:

 

Lets say I bought shares at R3.00 say 10,000 share.  So when I expect the share will drop like today for example due to covid lockdowns I sold part of my share holding at 0.86 and bought back at 0.80 so if I sold the 10k shares received R8600 then I bought it back at 0.80 = 8000 I made R600. However I normaly trade blocks of 100K  shares so a tidy R6K for a days work. So at the end of the day I still have the 10k shares and R600 but if I am waiting for the share to get to R3.00 I would still be today the same desgranted shareholder complaining waiting for one day to get back to the R3.00 while my way made money to buy green beer. Welcome to day trading

[Lionelza1]

I wouldn't want to be taught by a con.... Talking about cons where is your side kick captain America? Probably ran outta data

Admin banned the wrong user

[DayTraderDad]

AND, you talk the pump but your money is on the short, self confessed.... Dude u have a problem

Haha Lionel I have long last stopped shorting SNH. With this market its impossible to say what is a correct share price for any company banks in europe have had serious losses that does not mean they all going bust. The investors at present are loosing so much money its unprecedented trading on sentiment and feeling heard feel. Day traders are making a fortune  due to the high percentage movements. I made money today sold part of my SNH and bought id again cheaper. I told you before always open to teach you how to do it!!!

[DayTraderDad]

I do not have a problem, I understand what is going on...

Pwc and deloitte had issues working out proper Financials for steinhoff. You on the other hand blurt out all your fantasy figures. I would say you are the one with the problem yes? I mean who are you, in comparison to those huge companies? And you feel it is OK to do so?

Lionel what would be SNH share price if COVID did not existed?

[DayTraderDad]

Have you guys missed this;

 

Pepkor Holdings Limited

(Incorporated in the Republic of South Africa)

(Registration number: 2017/221869/06)

Share Code: PPH

Debt Code: PPHI

ISIN: ZAE000259479

(“Pepkor”, the “Company” or the “Group”)

TRADING STATEMENT FOR THE YEAR ENDING 30 SEPTEMBER 2020 AND LIQUIDITY

UPDATE

Trading statement

In terms of the JSE Limited (“JSE”) Listings Requirements (the “Requirements”), a listed company

is required to publish a trading statement as soon as it becomes aware that a reasonable degree

of certainty exists that the financial results for the financial period to be reported on next will differ

by at least 20% from the financial results for the previous corresponding period.

As reported in the Group’s interim results published on the JSE Stock Exchange News Service

(“SENS”) on 27 May 2020, the COVID-19 pandemic is expected to have a negative impact on the

Group’s performance and results for the year ending 30 September 2020. The unprecedented

circumstances and volatile trading environment continue to impact the Group’s forecasting ability.

Pepkor hereby advises shareholders and noteholders that a reasonable degree of certainty exists

that its earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the year ending

30 September 2020 will decrease by at least 20%.

● EPS is expected to decrease by at least 12.5 cents per share (20%) when compared to

the EPS of 62.6 cents reported for the year ended 30 September 2019 (the “Previous

Period”); and

● HEPS is expected to decrease by at least 19.4 cents per share (20%) when compared to

the HEPS of 96.8 cents reported for the Previous Period.

The decrease in EPS and HEPS can be attributed to the following factors:

1. The Group implemented IFRS 16: Leases (IFRS 16) on 1 October 2019 using a modified

retrospective approach with no restatement of prior period reported results; and

2

2. The impact of the COVID-19 pandemic has impacted the performance in many areas of

the Group, most notably through lost sales and increased provision levels on credit books.

This has contributed to the likely impairment of carrying values of goodwill and intangible

assets.

Further guidance as to the range by which the EPS and HEPS are likely to decrease will be

provided once the required degree of certainty in terms of the Requirements has been

established.

The financial information on which this trading statement is based, has not been reviewed or

reported on by the Company's external auditors.

Liquidity update

As stated in the Trading Update published on SENS on 24 July 2020, the Group’s liquidity

benefited from strong trading since the relaxation of lockdown measures, pro-active expense

management, conservative credit granting, better-than-expected credit book collections and the

successful completion of an accelerated bookbuild which raised R1.9 billion.

This allowed early settlement of the R1.5 billion bridge term loan facility which was due for

repayment in August 2020 and early settlement of R4.0 billion of the total R6.0 billion preference

share funding due to mature in May 2022. The Group has made significant progress in its ambition

to degear the balance sheet and there is therefore no risk of debt covenants being breached at

30 September 2020.

The process to refinance R5.0 billion in debt due for repayment in May 2021 was successfully

concluded and implemented on 30 September 2020, and the debt is now repayable in September

2023. In addition, the R1.0 billion bridge revolving credit facility originally due to expire in

November 2021, has been extended to September 2023.

As part of the same process, debt covenants were amended to create sufficient headroom and

enhanced flexibility going forward.

Parow

15 October 2020

[Lionelza1]

AND, you talk the pump but your money is on the short, self confessed.... Dude u have a problem

[Lionelza1]

Lionel you problem you still think SNH share price is controlled from SA but the vast majority of the shares are in Europe so very important you understand whats happening there.

And YOU are the one who changed your aliases and got caught out AND and denied it... For what?

Edited by Lionelza1, 15 October 2020 - 09:13 PM.

[Lionelza1]

Lionel you problem you still think SNH share price is controlled from SA but the vast majority of the shares are in Europe so very important you understand whats happening there.

I do not have a problem, I understand what is going on...

Pwc and deloitte had issues working out proper Financials for steinhoff. You on the other hand blurt out all your fantasy figures. I would say you are the one with the problem yes? I mean who are you, in comparison to those huge companies? And you feel it is OK to do so?

[DayTraderDad]

Ur missing the point, pay carefull attention to the market trend.... It's going down! And when there is a pump, it's not higher than the previous high.

You would agree with me that there has been great news this far, but then why is the share price going in ONE overall direction... DOWN.

I do have shares and my avg is R1.25. Do I want to see an overall up? Hell yes, but what I'm seeing is Polly's big fat zero comming, even with good news comming thru.

Lionel you problem you still think SNH share price is controlled from SA but the vast majority of the shares are in Europe so very important you understand whats happening there. 

Edited by DayTraderDad, 15 October 2020 - 08:44 PM.

[DayTraderDad]

I really don’t want to be that guy, but Lionel is spot on.

Every time there’s any positive news the bulls jump in and declare we will never see this level again blah blah.

Bottom line is look we are 80 odd cents.

I do believe we all have some level of confidence in the possibly of recovery and making a return on our investment, but honestly I have been on this thread for a few YEARS and there’s a group repeating the same verbiage over and over.

As much as we criticize the repeated negative comments, the constant pumpers should also be kept in check. Please be mindful of your comments and think before you post on here - you could affect someone else’s investment decision.

Oh and remember you don’t have to pick a side. Being a neutral is fine.
 

Great post LarryK sure it goes up and then down the reason went up was good news, as of today nothing changed for SNH but the fact that europe covid infection growing (UK 20,000 persons per day) and second wave has arrived everybody is again dumping so what is it is the usual pump and dump of unfortunate circumstances? What is you guess?

[Zanme]

Markets are really tough at the moment. Shares can go anywhere.

Just look at Delta, looked good at 5 rands, then 2 rands and now 20 cents. . .

Same can happen with Steinhoff.

Every investor should calculate their risk and then act accordingly.

But I like how the forum turned out. We share information that is both positive and negative.

Sent from my SM-G973F using Sharenet Sharechat mobile app

If Steinhoff survives in its current form it should be worth at least more than what its currently at. It should survive.

But management could be sneaky and do a rights issue raise fresh capital so that they could participate at a discounted share price and than it will be worth nothing. Which in my opinion will be grossly unethical. And I hope that every member here will vote against it.

I am still of the view the biggest issue at Steinhoff is around management integrity and their lack of truly trying to create value for shareholders so that still gives me uneasiness. Their past behaivour suggests that they don't care about shareholders at all. Their actions to date have been to their benefit. If you have sound ethical management everything eventually falls into place. And this I have learned over time in investing. Management can make or break a company.

[DayTraderDad]

Polly's wise words... Mr market will suck you in and spit you out... That's exactly what's happening... Not lockdowns stories or whatever.... Newbies wait to see confidence from Mr market before u jump in

Polly had no Fxxx idea Covids pendemic would arrive. It is absolutly insane to ignor the COVID sentiment in Europe because from today a series of lockdowns are in places. In Holand all bars, Restaurants closed. So can you not understand the negative impact this is having in stocks? Surely you guys not that stupid!!!

[andi222]

Markets are really tough at the moment. Shares can go anywhere.

Just look at Delta, looked good at 5 rands, then 2 rands and now 20 cents. . .

Same can happen with Steinhoff.

Every investor should calculate their risk and then act accordingly.

But I like how the forum turned out. We share information that is both positive and negative.

Sent from my SM-G973F using Sharenet Sharechat mobile app