15225 replies to this topic

[woolhoff]

Woolhoff...yes have considered...lets see...once gets to my 3.07 may not be many morr dips under 3 rand.....same as it is now on 2s...highly unlikely..i hope we go to 1s....

All im saying is we have seen the R3 mark a few times now...same thing happens..goes back down to R2.30 / R2.40

[Ms Jet]

IN what do you think re presentation?

[Ms Jet]

They'll most probably put out a sens thank you for coming to the meeting and share goes soaring up again,,,,quite nuts

[Ms Jet]

Woolhoff...yes have considered...lets see...once gets to my 3.07 may not be many morr dips under 3 rand.....same as it is now on 2s...highly unlikely..i hope we go to 1s....

[woolhoff]

That's a good observation

Sold out a while ago at 3.60, then got FOMO and bought at 275 (there were opportunities at R2).
Sold again when trading Q3 update came out at 285, bought back in last week at 245 and sold today at 284.

But.. i've only recovered 62% of my capital thus far.

Smart trading Leo! Keep it up! I think you and I are basically walking the same road here.

[leo]

That's a good observation

 

Sold out a while ago at 3.60, then got FOMO and bought at 275 (there were opportunities at R2).

Sold again when trading Q3 update came out at 285, bought back in last week at 245 and sold today at 284.

 

But.. i've only recovered 62% of my capital thus far.

 

One thing I can say about SNH is that it hasnt been selfish when it comes to present opportunities.You just need to be tuned in and patient, and to keep an eye on all the event dates.

[woolhoff]

Yes , I have but like hell a I selling for a loss:)

No...im suggesting you put a sell for 5-10c above your average. Dont forget 10c profit on 150 000-200 000 shares will still get you a nice weekend away with the wife too :-) And then you wait and pray the share price goes down (God has answered many of these prayers before) ,and then buy for your full sum gaining you 20% extra shares (for free).And then you can choose to wait for your R9-R12 dream :-)

Edited by woolhoff, 20 September 2018 - 12:08 PM.

[woolhoff]

One thing I can say about SNH is that it hasnt been selfish when it comes to present opportunities.You just need to be tuned in and patient, and to keep an eye on all the event dates.

[Ms Jet]

Unless there so extreme speed readers  no one who traded so quickly read that presentation,,,its positive...

[Ms Jet]

Jet,have you considered selling everyrhing at the next decent high and once youre in a small profit or even broken even and then buy back lower.If you buy at 50c lower than your current avg you will get a helluva lot of more shares than you own now which when quantified will put you into solid territory.Fact of the matter is...theres more chance of the share going back to R2.40/R2.50 in the next month than going to R4.So capitalise through a lower purchase price gaining more shares.

Yes , I have but like hell a I selling for a loss:)

[woolhoff]

I want bring my average to about 2.90 then holding out for big numbers ...but my portfolio is out proportion very snh heavy...

Jet,have you considered selling everyrhing at the next decent high and once youre in a small profit or even broken even and then buy back lower.If you buy at 50c lower than your current avg you will get a helluva lot of more shares than you own now which when quantified will put you into solid territory.Fact of the matter is...theres more chance of the share going back to R2.40/R2.50 in the next month than going to R4.So capitalise through a lower purchase price gaining more shares.

[woolhoff]

I want bring my average to about 2.90 then holding out for big numbers ...but my portfolio is out proportion very snh heavy...

Jet,have you considered selling everyrhing at the next decent high and once youre in a small profit or even broken even and then buy back lower.If you buy at 50c lower than your current avg you will get a helluva lot of more shares than you own now which when quantified will put you into solid territory.Fact of the matter is...theres more chance of the share going back to R2.40/R2.50 in the next month than going to R4.So capitalise through a lower purchase price gaining more shares.

[woolhoff]

LOL yea but my margin is 100%

Possible,but not in 1 single trade.

[DayTraderDad]

LOL yea but my margin is 100%

Yes but you don't get margin calls that if you don't top up your account the brokers will close you out.

[woolhoff]

Guys you think a Sens announcement early morning with some good news could see us on a high tmrw? Im pretty certain theres gna be resistance at the R3 mark.

Judging from the good presentation,imo I dont see how there will be negative feedback..

[Ms Jet]

I want bring my average to about 2.90 then holding out for big numbers ...but my portfolio is out proportion very snh heavy...

[Lionelza1]

You do realise we effectively are trading aswell? Looool

LOL yea but my margin is 100%

[DayTraderDad]

Trader i don't like expensive train fares 😂

Haha when the risk was high and future was unknown people bought because was going up now that there is stability and good prospects people expect the share to drop. My take SNH is now on a slow up trend that will stop at R9 or R12 and can actually get back up to R22 ( yes there will always be pull backs because of short term traders). SNH still operating PEPCO expanding, Mattress Firm getting turned around so  its all sentiment. 

[leo]

Any opinions or comments about the presentation?

 

The Group aims to release Full Year Audited Results for 2017 by 31-Dec-18 and for 2018 by 31-Jan-19

 

Forensic investigation is continuing with regular feedback to the Group

 

The investigation is on track to be finalised by end-2018

 

Outstanding External Debt Total Europe: €9.3bn Total US: €0.3bn Total Africa: €0.2bn1Group Total: €9.8bn

 

SEAG

COMPANY VOLUNTARY ARRANGEMENT (“CVA”)

• CVA prospective nominees and supervisors appointed from EY: 4-Sep-18(Alan Bloom, Simon Edel, Alan Hudson)
• •
• Drafting of CVA and ancillary documents: Ongoing
• •
• Provisional launch date for CVA: 19-Oct-18
• •
• Nominees’ report from EY: Preliminary work in progress
• •
• Provisional date for CVA creditors’ meeting in London: TBA

[woolhoff]

presentation looks excellent....i understood what u said bout the traders....lets hope they dont jump aboard this run

You do realise we effectively are trading aswell? Looool