7 votes
Little Master
Posted 23 July 2018 - 06:39 PM
Bloody day traders. Still checking things out over the next dew days before buy back in.This share drop is painful hey.... Look away..... Waiting for Snippit technical guidance to kick in... Or more important ad sens good news from snh..
Sent from my SM-G950F using Sharenet Sharechat mobile app
The Oracle
Posted 23 July 2018 - 05:59 PM
Master
Posted 23 July 2018 - 12:57 PM
Id just like to keep it simple and hopefully have some profit...good luck all
The Oracle
Posted 23 July 2018 - 12:10 PM
Hi, I have been reading your post avidly and have just joined the forum. Ouch I bought more Steinhoff on Friday at R3.80 so now sitting with quite a lot average price R3.26....Any information appreciated as I too am a novice..I was hoping on Friday they would go to R4 and sell then buy in on a drop but it appears the drop is occurring and obviously it didn't Rise.Regards
Jet, welcome---firstly before you buy or sell...you must have an investment strategy and understand where the buy or sell fits in. next understand if you are a trader or investor, do you want to make quick money or buy value etc....the posts are for information only and an echoing of our thoughts which may be completely off and fake. you may even think that we are share pumping.
if youre a trader Polly and others on this group provide sound thoughts.
I am an investor and buy value , I also have a variety of share interests and snh was part of my high risk investment.
hold on, sell, buy more---this depends on your situation....if youre new best you spend some time reading about investment or trading and also understand what your tolerance for loss is.
this share will put hair on your chest irrespective of your gender
Master
Posted 23 July 2018 - 11:52 AM
Hi, I have been reading your post avidly and have just joined the forum. Ouch I bought more Steinhoff on Friday at R3.80 so now sitting with quite a lot average price R3.26....Any information appreciated as I too am a novice..I was hoping on Friday they would go to R4 and sell then buy in on a drop but it appears the drop is occurring and obviously it didn't Rise.Regards
Master
Posted 23 July 2018 - 11:52 AM
Hi, I have been reading your post avidly and have just joined the forum. Ouch I bought more Steinhoff on Friday at R3.80 so now sitting with quite a lot average price R3.26....Any information appreciated as I too am a novice..I was hoping on Friday they would go to R4 and sell then buy in on a drop but it appears the drop is occurring and obviously it didn't Rise.Regards
The Oracle
Posted 23 July 2018 - 10:54 AM
and into auction
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
Little Master
Posted 23 July 2018 - 09:51 AM
That's good news. Sold at 350. Waiting to buy back in again....have a look at the bond prices!!!! there is significant confidence and this should be an indicator to consider buying on a dip- though very difficult to predict a share bottoming. will put in a buy at R2.80...and look to get more tomorrow at 2.40
The Oracle
Posted 23 July 2018 - 09:44 AM
have a look at the bond prices!!!! there is significant confidence and this should be an indicator to consider buying on a dip- though very difficult to predict a share bottoming. will put in a buy at R2.80...and look to get more tomorrow at 2.40
The Oracle
Posted 23 July 2018 - 08:10 AM
If looking at the facts there's a lot more positives today than 2 weeks ago.
We should see some positive movement the next few days imho
certainly the case- however difficult to predict when the bear thins completely and the bulls take charge. it could be today or a few days or even a few weeks.
there was certainly some interesting trading on Friday. we also have month end nearing with more funds entering the market so should see greater demand. Snippits technical post is very provocative ...Steinhoff is Steinhoff and could refute logic and expectations and even head to R2.00....and if that happens --buy some more shares!
https://www.iol.co.z...y-back-16165540
An interesting read looking at SNH legal battles and the opportunity for shareholders to recoup their losses-
I really do hope old shareholders are buying in at the lower rate- as this would be the best way to recoup losses. imagine shareholders decide to drop the law suit against themselves and target specifically the delinquent management, the directors liability insurance; auditors and banks that were the book sellers during listing for not being sufficiently critical.
the share price will quadruple . If VEB and all lawyers are truly acting in the best interest of their clients and not their own pockets- this would have most certainly been the strategy....load your shares, drop your average cost of ownership, and then support the recovery and turnaround....
however with fear mongering and creating false hope - the lawyers will aim to draw this out as long as possible....they are paid by the hour right...
shareholders should not settle for "legal claim settlement from what is left of Steinhoff"....we own the company and we should look to drive our own value and recovery...
what could the road look like:
By Jan 2019 the forensic report would be disclosed...what will they find...more of the same...
1. Over evaluated assets-
2. false revenue
3. questionable transactions and management enrichment
a. snh will target management to repay bonuses;
b. target those involved in shady deals to pay back ; and if not them their companies and their boards-. they too have directors laiability insurance and they too have auditors.....insurers will be the worst hit if you look at it...
c. impair false revenue and impair losses- accounting issue does not change the company future- perhaps the tax man will be willing to provide a tax credit- unlikely. may be some tax payment- which would be offset by the losses. good thing though company gets a clean taxbill at the end of this journey
d. defend legal cases and perhaps defer the blame to where it rightly sits.
e. in 4 years agree a small settlement
why are the creditors so keen to restructure
become owners- they could get settlement from debt equity swap, refinance debt with company turnaround, sell off some assets and get part payment; or even delist the company in 4 years with legal settlement and clearance. there is massive opportunity
why is there interest in snh shares currently?
cheap shares for both a trading opportunity as well as investment opportunity- massively discounted shares where foreign buyers are more willing to take on risk that they are familiar with.
so if you are a holder of snh shares and you have been holding the hot coal for some time- consider this---buy more shares on the dip. request your lawyers to target related parties and not snh shareholders....and see what happens to your share value....just a morning thought...
Little Master
Posted 23 July 2018 - 07:39 AM
If looking at the facts there's a lot more positives today than 2 weeks ago.
We should see some positive movement the next few days imho
Member
Posted 22 July 2018 - 02:47 PM
The Oracle
Posted 22 July 2018 - 12:24 PM
Friday's decline in the share price worries me. I would have thought that the company's restructuring deal and consequently a greater chance of survival would have outweighed profit taking from those that got in at R1. This tells me the appetite for SNH is still subdued, and any increase we saw from R1 would most likely be attributed to short covering.
I guess Steinhoff is not going to reach a share price of R6-R10 anytime this year. Still too much uncertainty with legal claims, ailing brands, unmanageably high debt (+ 10% per annum capitalised) and no audited results as yet. This will not form part of many investment mandates, and thus the share will be overlooked.
Most investors are likely to still adopt a wait and see approach, and perhaps the share price will meander around the sub-R5 mark until the above issues offer more certainty.
Just thought i'd share some of these thoughts, any other opinions ?
The Oracle
Posted 22 July 2018 - 12:19 PM
a tech review, update:
https://jsecharts.bl...off-jse_22.html
Plebeian Tribune
Posted 22 July 2018 - 11:00 AM
Newbie
Posted 21 July 2018 - 05:06 PM
Friday's decline in the share price worries me. I would have thought that the company's restructuring deal and consequently a greater chance of survival would have outweighed profit taking from those that got in at R1. This tells me the appetite for SNH is still subdued, and any increase we saw from R1 would most likely be attributed to short covering.
I guess Steinhoff is not going to reach a share price of R6-R10 anytime this year. Still too much uncertainty with legal claims, ailing brands, unmanageably high debt (+ 10% per annum capitalised) and no audited results as yet. This will not form part of many investment mandates, and thus the share will be overlooked.
Most investors are likely to still adopt a wait and see approach, and perhaps the share price will meander around the sub-R5 mark until the above issues offer more certainty.
Just thought i'd share some of these thoughts, any other opinions ?
The Oracle
Posted 20 July 2018 - 08:17 PM
The Oracle
Posted 20 July 2018 - 04:32 PM
what am I missing - why is this share not going up?
Member
Posted 20 July 2018 - 03:51 PM
Member
Posted 20 July 2018 - 03:23 PM
Thanks team for the continued updates, much appreciated! There is no time for life when trading SNH under these conditions, have to watch everything 24/7.
