15225 replies to this topic

[andi222]

https://www.boerse-o...aerz-1028934790

 

If nothing serious changes then Steinhoff will be included into the SDAX in March. Final confirmation will be on 4 March.

Funds and ETF's need to re-balance meaning they need to buy Steinhoff shares.

 

Will be interesting.

[Milo]

Thank you Milo
Any target above R2,13 if it breaks?

Seriously hoping for buy the rumor the next day
 

 

 

R3.30 to R3.50 and then if it goes up from there through R3.80 then the party is really going to start. I think investors will then start to jump in.

 

But first we must get through R1.71 it is struggling.

[Investment novice]

Completely unpredictable, may see pumpnlater today tomorrow and 27th....if results not disclosed at 7am....
Will see pullback or dumo, but this is notbpresictabkendesoite tue same patter we have seen with this share.. The vokunes have been timid... Previous volumes were really high... We may see a new base and excitation heading to april....
If any one has news on the sdax and confidence this share gets included would be interwsting.. Read that from andis post...
For all of us holding for three more years.. Will be extremely interesting to see the share xontinue its ascension despite being a pittance of its former glory.



Sent from my SM-G950F using Sharenet Sharechat mobile app

[Pilotpilot]

Steinhoff formed a nice little cup and handle on 4 hour chart. Target R2.00. and is busy forming the right shoulder on inverted head and shoulder pattern with the neckline around R2.13. If it goes through R2.13 then up.

 

Hi Milo

 

I see it a bit different. I can't monitor this share on a daily time frame or 4 hours, so I use hourly. It is just too volatile to give accurate readings. I usually stay away from these shares, but this is Steinhoff we are talking about....  .....everyone's favorite love-to-hate share!

 

On the 19th I posted about the R1-73 buyers support level that was broken at 10:00 the morning and that it is now the resistance level. This has now changed to R1-68 being the current resistance level.

 

It has in fact just broken that level at 11:00. It closed on the resistance (R1-68) at 10:00 this morning and made a cosy little entry at R1-69 to be just inside a break. For this current hour (11-12:00), it has only traded at R1-69 and has not broken back below R1-69, and by 12:00 we should know if this break is good.

 

This is actually a little strange situation, because it is such an unconvincing break. I would at least want to see it stay above R1-69 for 3-4 more time frames. If it can stay there we might see an attempt at the R2-00 or the R2-13 you were talking about. But seen in the current market conditions ......me thinks everything will get hammered when it makes a little comeback .

 

This is really a scary one to trade in and not one I would hold for the long run...... yet!    My 2cents

Edited by Pilotpilot, 25 February 2020 - 12:00 PM.

[LarryK]

Thank you Milo
Any target above R2,13 if it breaks?

Seriously hoping for buy the rumor the next day

Steinhoff formed a nice little cup and handle on 4 hour chart. Target R2.00. and is busy forming the right shoulder on inverted head and shoulder pattern with the neckline around R2.13. If it goes through R2.13 then up.

[LarryK]

Good call on this resistance level!

Sorry to be the bearer of bad news, but it's not looking good for Steinhoff on short term indicators.

Resistance now @ R1-73 and can't see a real support level nearby.

[Milo]

Steinhoff formed a nice little cup and handle on 4 hour chart. Target R2.00. and is busy forming the right shoulder on inverted head and shoulder pattern with the neckline around R2.13. If it goes through R2.13 then up.

[Lionelza1]

Haha not this time very dangerous to short SNH. I now sell high when it dips like today I jump back in, Days of shorting SNH are over

Good boy.... Pomp day today

[DayTraderDad]

DTD probably falling off his chair with his short position haha

 

Haha not this time very dangerous to short SNH. I now sell high when it dips like today I jump back in, Days of shorting SNH are over

[Lionelza1]

DTD probably falling off his chair with his short position haha

[Investment novice]

Computer trades, share goes up and down, up and down... If youre a believer look away....

Sent from my SM-G950F using Sharenet Sharechat mobile app

[Lionelza1]

I still feel the dump is premature.... Stupid friggen market

[Lionelza1]

Haha Lionel EOH looking good!!!

Looking good for what? I reckon eoh will hit the 2bucks before steinhoff haha

[DayTraderDad]

I was anticipating a dump from next Tuesday..... I get the feeling I been sucker punched again haha... But it's cool coz I've made big Ka-ching on sibanye

 

Haha Lionel EOH looking good!!!

[Investment novice]

I was anticipating a dump from next Tuesday..... I get the feeling I been sucker punched again haha... But it's cool coz I've made big Ka-ching on sibanye

Nice, this one will also reset its base again soon

Sent from my SM-G950F using Sharenet Sharechat mobile app

[Lionelza1]

I was anticipating a dump from next Tuesday..... I get the feeling I been sucker punched again haha... But it's cool coz I've made big Ka-ching on sibanye

[Investment novice]

Lionel dont sweat... No you should not have sold..... Will go up again

.. And down....

And up

Sent from my SM-G950F using Sharenet Sharechat mobile app

[Lionelza1]

Lol... Seems like the dump has begun

[Pilotpilot]

Sorry to be the bearer of bad news, but it's not looking good for Steinhoff on short term indicators.

 

Resistance now @ R1-73 and can't see a real support level nearby.

[andi222]

Whats your nav guestimate Andi?

Sent from my SM-G950F using Sharenet Sharechat mobile app

 

Hi IN, that's really tough to say. In one of my previous posts I have added my best estimate for the true value of the businesses for 2021. Management has written off basically everything they could have written off to plead poverty for the legal claims in my opinion.

But we will only see this in future years to come. 

 

Just two examples I came across of undervaluing operating units. 

Pepco Group has a carrying value in the standalone financial statements of 1.7 Billion €. Latest estimate was around 4.5 Billion €. 

Mattress Firm is carried at around 50 Million in the books. Latest Equity reported was around 1.1 billion €.