9816 replies to this topic

[SoleTrader]

Do we buy or wait? Took some at sub 5 this morning.  As someone told me, maybe the pre-crash price was too high and the current price is too low.  

[Investment novice]

board strengthened in keeping with banker demands.....hope this is the positive sign we looking for

[Investment novice]

great festive season trading opportunity here...if banks are willing to roll over loan they probably would be somewhat convinced by Steinhoffs arguments and sustainability....this would set the share up for a mild recovery to track from R9 to R20 plus rands or even more if the analysts that are quite start to increase their holdings. if not then all hell breaks loose and this share will pretty much reach new lows???

 

does anyone have any further insight???

 

[Snippit]

Such a fuss about some ethical stuff, without the Frankfurter listing there would be no fuss at all. We don't do that old hat morality cos we way ahead of all that. We bribe auditors as a matter of normal practice. We bribe and pay bribes all day long. Its the way of doing business. Ethics prevents business. Its one or the other not both.

[Investment novice]

extremely valid point for medium term view- Thank you for your guidance.

short term trading environment though - and this is a rand hedge not knowing what transpires sunday and the market reaction.bank decision may stimulate some recovery to trade

 

 

[Investment novice]

extremely valid point for medium term view- Thank you for your guidance.

short term trading environment though - and this is a rand hedge not knowing what transpires sunday and the market reaction.bank decision may stimulate some recovery to trade

 

 

[Polly]

Few interesting points to note

 

1. SENS STAR this morning demonstrates value of underlying assets

2. increased governance measures

3. Steinhoff valuation less than the assets that are owned by it

4. analysts have a hold view- have not seen many calling for sell- definitely cant rate as buy due to their risk management policies

5. high volume trades consistently

6. large employee base

7. banks with vested interest that would rather see Steinhoff remain as a going concern to recoup debts rather than write off losses

8. Pension funds involvement

9. lots of public outcry and accusations on issues but the facts have yet to be disclosed. also tax avoidance is not a criminal act but tax evasion is

 

The above points may give one assurance on betting the house on this share.

 

on the 19th the probability of the banks agreeing to a rescue plan seems plausible- this may the one reason this share has not tanked to R1.  I expect this share to be range bound between R9-R11 until the 18th with surge on the close of business 18th. It may be that Banks respond already by the 18th so I would hazard that it is best to get in today???

 

ride the share for two weeks

 

what are your thoughts........

 

One must firstly be happy with what happened in previous years.

 

 

 

Fraud or genuine accounting mistake.

 

 

If fraud keep away

 

 

As yet no one seems to know

[Investment novice]

Few interesting points to note

 

1. SENS STAR this morning demonstrates value of underlying assets

2. increased governance measures

3. Steinhoff valuation less than the assets that are owned by it

4. analysts have a hold view- have not seen many calling for sell- definitely cant rate as buy due to their risk management policies

5. high volume trades consistently

6. large employee base

7. banks with vested interest that would rather see Steinhoff remain as a going concern to recoup debts rather than write off losses

8. Pension funds involvement

9. lots of public outcry and accusations on issues but the facts have yet to be disclosed. also tax avoidance is not a criminal act but tax evasion is

 

The above points may give one assurance on betting the house on this share.

 

on the 19th the probability of the banks agreeing to a rescue plan seems plausible- this may the one reason this share has not tanked to R1.  I expect this share to be range bound between R9-R11 until the 18th with surge on the close of business 18th. It may be that Banks respond already by the 18th so I would hazard that it is best to get in today???

 

ride the share for two weeks

 

what are your thoughts........

 

 

 

 

 

 

 

 

 

[Investment novice]

good company with solid financials, I am guessing better ring fenced. try to get some at R15 or R16

[Goliath]

Anyone looking at STAR (Steinhoff African Retail) for the long run..? Tempted at these levels..

[SoleTrader]

Where to from here? Dead cat bounce? Or, more downside till results (audited) are released (if ever released!)??

Anyone buying at these levels? Or, is it just too toxic to touch?

Any chance the share could be suspended??

I took a very small amount at 720c yesterday. I think newsflow is proving. Meeting with bankers implying results will be released. Someone buying, and not just shorts. Talk that non management insiders at steinhoff buying as well. Just wonder where that criminal jooste is?

Sent from my UMI_MAX using Sharenet Sharechat mobile app

[Investment novice]

would the asset managers be buying to drive the price and reduce their average cost of holding the shares? with all the built up liability and criminality here you think this company would soon be dissected completely and sold off piecemeal.

[Bullhunter]

One has to wonder, who is buying!!

40% of SNH script was on loan i.e to short sellers. If short sellers want to close their position (take profit) they close by buying the actual shares.

[Shi]

One has to wonder, who is buying!!

[DividendTycoon]

Personally would not buy now, it essentially a gamble.

 

I would actually be worried if I held Shoprite, did Wiese know nothing?? Why did Whitey Basson cash out all his Shoprite? Would have thought it was a good place to keep at least some of your money??

[Spree]

Where to from here? Dead cat bounce? Or, more downside till results (audited) are released (if ever released!)??

Anyone buying at these levels? Or, is it just too toxic to touch?

Any chance the share could be suspended??

[Procrastinator]

The most worrying aspect of this goof up is that the GEPF is showing a paper loss of 12 billion, Gigaba will use this as an excuse to hoof the board of the GEPF so that he can replace them with his operators. Would be very surprised if something like this is not on the cards.
Watch this space.....
Ramifications for SA could likely be very bad.

[Procrastinator]

Am sure I saw a sens from Steinhoff recently regarding a zero cost collar or something placed on futures markets by Weise over some shares, maybe a week or 2 ago, wonder if he was hedging a proper smack to his shares. If so wonder if JSE etc would be on to him for acting on his inside knowledge of the pending shitstorm.
Anyone else know, have deleted the sens.

[Polly]

We already had EOH, now Steinhoff...who is next??  My call Aspen!

 

All manipulated balance sheets whose profits just grow and grow unbelievably...issuing script

 

Skeletons has to show up sometime.

[Bullhunter]

Nedgroup Opportunity fund had 7.25 million ( +134%) more Steinhoff International shares as at the 30th  Spetember 2017 versus 30th June 2017.

 

Eina!

Edited by Bullhunter, 06 December 2017 - 03:40 PM.