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Steinhoff


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#12381 Lionelza1

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Posted 11 October 2018 - 01:55 PM

Look at the debt of the market....was much worse this morning

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yea but we have atleast 6more working days before anticipation of news....6 days a longass time with this special one....thing is i want to pump :D but timming needs to be there eish.....so very close 


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#12382 leo

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Posted 11 October 2018 - 01:48 PM

i reckon we gonna see below R2 soon.....cant understand why after so much progress been made.


Look at the debt of the market....was much worse this morning

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#12383 leo

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Posted 11 October 2018 - 01:47 PM

i reckon we gonna see below R2 soon.....cant understand why after so much progress been made.


Na, not under R2.

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#12384 Lionelza1

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Posted 11 October 2018 - 01:45 PM

i reckon we gonna see below R2 soon.....cant understand why after so much progress been made.


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#12385 leo

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Posted 11 October 2018 - 11:49 AM

Still recovering.....

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#12386 DayTraderDad

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Posted 11 October 2018 - 11:47 AM

Well the market (JSE FTSE ALL SHARE INDEX) is about 2.2 % down today.

However Steinhoff is already big time in a crash it's been 11 months, so even if the market is to crash, for that to also cause an even further crash on Steinhoff will be quite difficult, it actually might do the opposite, as people start selling shares all over, which will free their cash from the other shares, and then there will be a lot of cash looking for shares to buy.

I hope you right!


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#12387 Tom

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Posted 11 October 2018 - 11:30 AM

No I think at this point Jooste and MF news is nothing compared with the talk of a stocks crash.

Well the market (JSE FTSE ALL SHARE INDEX) is about 2.2 % down today.

However Steinhoff is already big time in a crash it's been 11 months, so even if the market is to crash, for that to also cause an even further crash on Steinhoff will be quite difficult, it actually might do the opposite, as people start selling shares all over, which will free their cash from the other shares, and then there will be a lot of cash looking for shares to buy.


Edited by Tom, 11 October 2018 - 11:34 AM.

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#12388 DayTraderDad

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Posted 11 October 2018 - 11:15 AM

Mattress Firm yesterday announced that it has received interim approval for all of its motions related to the voluntary prepackaged Chapter 11 restructuring, but this news is over shadowed now by the more emotional news of the alleged crime Jooste has apparently done.

No I think at this point Jooste and MF news is nothing compared with the talk of a stocks crash.


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#12389 Tom

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Posted 11 October 2018 - 10:25 AM

Ho wait for the American to wake up fist!

Mattress Firm yesterday announced that it has received interim approval for all of its motions related to the voluntary prepackaged Chapter 11 restructuring, but this news is over shadowed now by the more emotional news of the alleged crime Jooste has apparently done.


Edited by Tom, 11 October 2018 - 10:26 AM.

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#12390 DayTraderDad

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Posted 11 October 2018 - 10:17 AM

Ok....worst over

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Ho wait for the American to wake up fist!


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#12391 Tom

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Posted 11 October 2018 - 09:39 AM

It looks like some people have gotten very emotional about Markus story, thinking that Steinhoff will be held responsible for the alleged (inside trade) that Jooste has apparently secretly informed his fiends to do, and that's why they went just selling at any price, actually this enforces the case that Steinhoff has against Jooste.


Edited by Tom, 11 October 2018 - 09:42 AM.

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#12392 leo

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Posted 11 October 2018 - 09:35 AM

Ok....worst over

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#12393 Tom

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Posted 11 October 2018 - 09:30 AM

Wait for dip and buy. If the information against jooste is credible and authentic then this provides snh with the ability to deflect. Question that I am still trying to evaluate is... What responsibility does the board have and how have they acted in accordance. How would they be liable.

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If one of the board members acted illegally, without the consent and the knowledge of the others, then the other board members or the company itself cannot be held responsible.


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#12394 Tom

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Posted 11 October 2018 - 09:27 AM

This is a good time to buy.


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#12395 leo

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Posted 11 October 2018 - 09:25 AM

Ho yes but again SNH can surprise us!


Hurting...

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#12396 DayTraderDad

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Posted 11 October 2018 - 09:20 AM

We going to feel the pain this morning....

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Ho yes but again SNH can surprise us!


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#12397 leo

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Posted 11 October 2018 - 09:13 AM

We going to feel the pain this morning....

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#12398 Investment novice

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Posted 11 October 2018 - 07:54 AM

Wait for dip and buy. If the information against jooste is credible and authentic then this provides snh with the ability to deflect. Question that I am still trying to evaluate is... What responsibility does the board have and how have they acted in accordance. How would they be liable.

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#12399 Tom

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Posted 10 October 2018 - 10:36 PM

Eish Jet this thing is moving south way too fast... I talk kak most of the time but now I worry it's gonna break that R2 and go long drop Botha again to R1.60

The restructuring update is next week, about 20 Oct, this is expected to be a positive update.


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#12400 Lionelza1

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Posted 10 October 2018 - 09:03 PM

Eish Jet this thing is moving south way too fast... I talk kak most of the time but now I worry it's gonna break that R2 and go long drop Botha again to R1.60
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