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#1 nosh

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Posted Yesterday, 10:16 AM

http://smallcaps.co....-eohs-new-dawn/


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#2 Investment novice

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Posted 16 July 2019 - 10:16 AM

massive hay...


Thi is still limited as their scope wss limited. More will be exposed soon

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#3 Matrix

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Posted 16 July 2019 - 09:54 AM

Watching the live presentation now, should be interesting.

Doesn't matter what you do today, be thankful you don't have to do that presentation!!

 

I just watched the live presentation that group CEO Stephen van Coller gave.

 

Came across very well, and does seem better managed than the SNH debacle.

They seem pretty confident that they have been able to isolate and quantify the irregular and fraudulent transactions.

Mostly to the EOH Mthombo company, and 8 specific people.

Mostly between 2014 and 2017, with a total amount of R1.2b.

 

Furthermore he insinuated that the managers that resigned did not do so because of guilt.

He thanked them for their hard work, and compared it to previous Fin Minister Nene that resigned even though he was not implicated, but because wrongdoings happened during his tenure.


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#4 Matrix

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Posted 16 July 2019 - 09:02 AM

Watching the live presentation now, should be interesting.

Doesn't matter what you do today, be thankful you don't have to do that presentation!!


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#5 Polly

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Posted 16 July 2019 - 07:57 AM

https://www.moneyweb...y-announcement/

 

Suspicious transactions to the value of about R1.2Billion!

I think the proverbial **** will strike the fan today.

massive hay...


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#6 Matrix

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Posted 16 July 2019 - 07:45 AM

https://www.moneyweb...y-announcement/

 

Suspicious transactions to the value of about R1.2Billion!

I think the proverbial **** will strike the fan today.


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#7 Polly

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Posted 16 July 2019 - 07:21 AM

5% decline in share price following the forced resignation....any you think the corruption is limited to public sector...the entire company transactions for past 6 years needs to be evaluated. Corruption , private sector capture, overstatement of profits, improper governance with related third party and supplier deals......i am fishing here... but this share is heading to the dogs. Shareholders affected will institute an sa class action suit that wont be defendible.

If youre in here...get out ...

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agree..those forced resignations are a sense of worry...Think report out today,,

 

I aint invested here....see the chart i posted over weekend in cfd section...still in no mans land...


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#8 Investment novice

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Posted 15 July 2019 - 07:35 PM

5% decline in share price following the forced resignation....any you think the corruption is limited to public sector...the entire company transactions for past 6 years needs to be evaluated. Corruption , private sector capture, overstatement of profits, improper governance with related third party and supplier deals......i am fishing here... but this share is heading to the dogs. Shareholders affected will institute an sa class action suit that wont be defendible.

If youre in here...get out ...

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#9 Investment novice

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Posted 12 July 2019 - 11:34 AM

Yep Polly. My point is that if controls not in pkace for public sector business, dame controls are not in place for private. Even though ens will deckare their findings, a massive risk sits in 70 % private business transactions

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#10 Polly

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Posted 12 July 2019 - 10:16 AM

Price taking a hit this morning. If all the analysts have this as 100 percent buy ..would be very interested to know who has actually shorted this share and has this as a short term sell.
We as the market should require eoh to expand the scope of their investigation to their private transactions and not only public transactions.we have to hold asher accountable for leadership misdeamenours when proven including mayet and co.
The quiet before the storm.
Is there anyone that dissagrees or agrees...would be good to get your views on another massive private listed corruption...or not

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IN the price went up after 2 news hit the market :

 

1.  Strategic partnership through disposal of 70% of Construction Computer Software (Pty) Ltd

 

 and 

 

2.  

 
UPDATE ON THE INVESTIGATIONS INTO PUBLIC SECTOR CONTRACTS AND FURTHER CAUTIONARY
ANNOUNCEMENT
 
 
Shareholders are referred to the initial cautionary announcement released on SENS on 19
February 2019 and
the further cautionary announcements released on 3 April 2019 and 21 May 2019,
respectively.
 
ENSafrica has concluded the investigation commissioned by EOH into public sector
contracts and has
submitted a forensic report and its recommendations to the board of directors of EOH (the
"Board"). The
Board has assessed the findings of the ENSafrica report and is engaging with the
stakeholders concerned
where appropriate. Relevant findings and associated actions will be made public on or
about 16 July 2019, 
or as required.
 
 
now depends on what your take is on 2 above!!  1 has added significant value to its market capt cos of funds received on part sale of company..
 
Unlike the PS sens say :
 
Relevant findings and associated actions will be made public on or
about 16 July 2019, 
 
now has this company got anything to hide you reckon?? Why make findings public if so??  IMO this statement is telling me nothing really serious but one needs to makes ones own interpretation of sens to short or long....will post chart tomorrow

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#11 Investment novice

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Posted 12 July 2019 - 10:07 AM

Price taking a hit this morning. If all the analysts have this as 100 percent buy ..would be very interested to know who has actually shorted this share and has this as a short term sell.
We as the market should require eoh to expand the scope of their investigation to their private transactions and not only public transactions.we have to hold asher accountable for leadership misdeamenours when proven including mayet and co.
The quiet before the storm.
Is there anyone that dissagrees or agrees...would be good to get your views on another massive private listed corruption...or not

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#12 Investment novice

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Posted 11 July 2019 - 08:08 PM

I learnt from recent issues with smh and tongaat that exposed behaviour gives guidance on company culture. If at eoh you worried about their public sector business imagine the crap in the rest of the business. I am massively going to try sell this short tomorrow ahead of next week. Also once report comes out...ceo and all others will be liable...legal court cases....etc...dont know why market has not picked up on this and dumped...this share price heading very soon to r2

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#13 new john

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Posted 11 July 2019 - 04:42 PM

Love it when a decision to not FOMO buy turns out to be a good decision.
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#14 Investment novice

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Posted 10 July 2019 - 11:49 AM

in my opinion long is the way...follow the clever monies till 28.00



True...but i think we are in for a massive surprise...would only go ling once reprt out and once we are clear that there wont be any legal actions. Revenue projections are also a concern. Too many unknowns


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#15 Polly

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Posted 10 July 2019 - 11:11 AM

Okay...so would you short this share.
Poorly managed business, lack of internal controls, and report will be out soon which will open up the door for shareholder lawsuits i am sure. I am gussing that the market is now sensitized to hold companies repsonsible for value erosion through fraud corruption neglect.

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in my opinion long is the way...follow the clever monies till 28.00


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#16 Investment novice

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Posted 10 July 2019 - 10:51 AM

Okay...so would you short this share.
Poorly managed business, lack of internal controls, and report will be out soon which will open up the door for shareholder lawsuits i am sure. I am gussing that the market is now sensitized to hold companies repsonsible for value erosion through fraud corruption neglect.

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#17 Investment novice

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Posted 09 July 2019 - 08:06 AM

Whats the take on eoh....is there a short term ulside or have we seen that already from r10 upwards.

The forensic report is out soon. Would we expect more impairments. More shocks to the system fines penalties.

Would we expect this share to drop again to r15 levels before stabilizing and then impriving over next two to three years ...

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#18 Lionelza1

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Posted 29 May 2019 - 05:16 PM

Appointment of company secretary and share price ran down? Difficult to understand how this market operates, I was expecting it to go up?
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#19 Milo

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Posted 04 May 2019 - 03:02 PM

could be inverted  head and shoulders developing at those double tops...see the cfd chart thread

 

 

Thanks for the TA. It would be interesting if the inverted head and shoulder plays out. According to the South African market insights website they value the share at R22.80 after the 16 April results.

 The share price is currently R25.00 already above the valuation. Head and shoulder neckline will be at R26.00.

EOH (EOH) share valuation

To be honest we are not too keen on providing a valuation on EOH based on their current issues that they are involved and embroiled in and would much rather comment once all of this has been cleared up. But we will provide a valuation on EOH based on the latest results released. We currently value EOH shares at R22.8 a share, a little bit below their stated net asset value. Part of the reason for this is the fact that a large chunk of their net assets is made up by goodwill. In fact goodwill according to their books is worth R3.185 billion (down a whopping R1.2 billion from a year ago). And with that in mind and all their present issues, who is to say the total value of their goodwill wont decline further pushing their stated net asset value down. But there are some positives in the results, and cash makes up a fair chunk of the current share price, and there is a bit of cash being generated by the group. And when we throw all things thinks into our pot, we value the group at R22.80 a share, with a massive disclaimer that we advise investors to be VERY cautious around EOH shares. And that we would have preferred not to do a valuation until all the business ethics issues and full impact of Microsoft Channel agreement being cancelled has filtered through.


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#20 Polly

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Posted 04 May 2019 - 11:52 AM

Double top?

could be inverted  head and shoulders developing at those double tops...see the cfd chart thread


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