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Steinhoff


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#6821 LarryK

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Posted 31 August 2018 - 01:46 AM

https://seekingalpha...s-needed-summer

Another one. Please share your opinions
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#6822 LarryK

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Posted 31 August 2018 - 01:21 AM

https://m.investing....d-(j)-technical

For what it’s worth
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#6823 LarryK

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Posted 30 August 2018 - 11:47 PM

Im with IN dont understand last time looked europe was about 17 cents..flipping dont know what to do travelling from east tommorrow to jnb..no wifi anyone whats top price this could reach help @!!??? And night 2243 here


Just flew from sing to Dubai. Torture 😁
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#6824 Trader001

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Posted 30 August 2018 - 10:28 PM

@Rex

 a mine managers dream is ..please god send me a  one handed geologist....meaning getting a clear-cut  decision on whether the reef is up or down after intersecting a fault and

 

definitely not... ..on the one hand it might be up ..but on the other hand it might be down. The other lesson is ..do not procrastinate......meaning... come up with an answer quickly using the KISS principle...Keep It Simple Sir..The Elliot wave analysis on what the Steinhoff share is going to do is just beyond me and to complicated.  


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#6825 Trader001

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Posted 30 August 2018 - 10:28 PM

@Rex

 a mine managers dream is ..please god send me a  one handed geologist....meaning getting a clear-cut  decision on whether the reef is up or down after intersecting a fault and

 

definitely not... ..on the one hand it might be up ..but on the other hand it might be down. The other lesson is ..do not procrastinate......meaning... come up with an answer quickly using the KISS principle...Keep It Simple Sir..The Elliot wave analysis on what the Steinhoff share is going to do is just beyond me and to complicated.  


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#6826 Lionelza1

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Posted 30 August 2018 - 08:11 PM

Painfully Long. I hope for R6 to get my bond back.

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Gonna be a good day 2morrow
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#6827 Bubble

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Posted 30 August 2018 - 06:33 PM

Painfully Long. I hope for R6 to get my bond back.

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#6828 Ms Jet

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Posted 30 August 2018 - 06:01 PM

Im with IN dont understand last time looked europe was about 17 cents..flipping dont know what to do travelling from east tommorrow to jnb..no wifi anyone whats top price this could reach help @!!??? And night 2243 here
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#6829 Ms Jet

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Posted 30 August 2018 - 05:46 PM

Bubble...are you short seller..or go long or short..just wanna know
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#6830 Rex

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Posted 30 August 2018 - 05:41 PM

Not much movement today, hopefully it will be good tomorrow


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#6831 Rex

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Posted 30 August 2018 - 02:58 PM

Pls translate...

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Steinhoff analysis after Elliott waves - The situation remains serious

 

The stock of Steinhoff Holding moves the minds like no other stock currently. After the accounting irregularities became known, the value is in the fine case and could not catch until today. And the outlook remains tense even after Elliott waves.

 

In my first Elliott Wave Analysis on Steinhoff International Holding, I had painted a very negative picture. The interim performance could take this view into account. The goal I predicted at the time of 6 cents has not yet been approached, but this step seems only a matter of time.

The steep descent will thus continue for the foreseeable future. Even Elwave is in my opinion today.

The confirmation of the completion of this small wave is still pending. Nevertheless, I expect a slight recovery for the following weeks. Over the course of this small correction, Steinhoff's stock can rise to resistance at € 0.145 ( 0.62 retracement).

This completes wave ( x ) of the complex correction ( abc - x - abcde ). The rally is not much higher. As the time ruler shows, the current low lies exactly at the 0.38 retracement ( June 5 ) and thus has a particularly supportive effect. The following wave ( a ) will again put the stock under considerable pressure, with the textbook target for ( a ) being at the 1.00 retracement ( 0.032 €) .

For the continuation of the correction up to this support speaks in the very strong extent the already completed break of the 0.62retracement at 0.097 € . As the time ruler shows, wave ( a ) will not be completed until well into the second half of the year.

A crash-like performance is therefore not expected. In order to put in a significantly better light, the 0.76 Fibonacci retracementat currently  0.353 would be overcome by closing price.

Conclusion after Elliott waves

The stock of Steinhoff moves very deeply in the context of a correction . Their conclusion is not expected for the foreseeable future. The currently pending small recovery can be difficult to use. To hedge, you should use the 1.00 retracement ( 0.072 € ).

The fundamental outlook remains difficult to assess. Thus, the stock remains highly speculative.


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#6832 leo

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Posted 30 August 2018 - 02:56 PM

Pls translate...

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Tx. Also not feeling it

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#6833 Investment novice

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Posted 30 August 2018 - 02:38 PM

https://www.trading-...ge-bleibt-ernst


Pls translate...

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#6834 Bubble

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Posted 30 August 2018 - 12:45 PM

https://www.trading-...ge-bleibt-ernst


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#6835 nosh

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Posted 30 August 2018 - 10:36 AM

Petri Redelinghuys, founder of Herenya Capital Advisors,

 

said the share price increased shortly after 15:00 when Steinhoff commercial director Louis du Preez said European debtors had barred the company from selling assets below market value.

 

 

“There is perhaps a belief that even if Steinhoff is broken up, its assets are still worth more than its current market value,” Redelinghuys told Business Insider South Africa

 

9 things you should know about Steinhoff’s appearance in Parliament – and why its shares surged 25%

https://www.business...ed-by-25-2018-8

 
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#6836 LarryK

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Posted 30 August 2018 - 09:57 AM

Parli upset that snh di not answer questions.... Boohoo.. Do. You think the company will burn itself... Road to recovery and value protection. If you want info... Wait for formal pwc report...
Happy with what I am hearing thus far... The pump is on

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My opinion is they are mostly worried about pic stake.

If we get good q results, not too late tomorrow, we should see a good pump, which I think might just happen. Importantly we need a few trading hours
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#6837 LarryK

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Posted 30 August 2018 - 09:50 AM

Good demand already this morning.
With one or two more things going our way (like the comment about poco), this share could rally.
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#6838 Investment novice

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Posted 30 August 2018 - 09:47 AM

Parli upset that snh di not answer questions.... Boohoo.. Do. You think the company will burn itself... Road to recovery and value protection. If you want info... Wait for formal pwc report...
Happy with what I am hearing thus far... The pump is on

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#6839 LarryK

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Posted 30 August 2018 - 09:45 AM

Du Preez mentioned yesterday, that they might bring some of the removed item back onto the BS, and he is meeting them today to confirm. I assume it is Poco.

If they can do this, income can be recognized and the Q3 trading update will be better. Hence, them meeting today to do this.

Can anyone verify this?


Great question!
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#6840 Motivated

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Posted 30 August 2018 - 09:36 AM

Ehat amounts people setting their sells for tommorrow..i may set sell half...hedge my bets...then buy back more cheaper if theres a drop later..just wonser what ot could go to tommorrow if results ok...

Hi Jet & the Guys, 

 

Lol what happened to waiting for Friday?

 

:)


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