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#1 nosh

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Posted 22 February 2019 - 10:18 AM

https://techcentral....rruption/87636/

 

"Van Coller says he didn’t know about the impending Microsoft drama when he became CEO in September 2018, but was well aware of other issues of poor governance and possible corruption."

 

so there are more issues


"Despite market speculation that this latest scandal might trigger dire consequences, EOH will not be delisted or dismantled. “I think we have lanced the issue,” he said, adding that there is too much work to be done to waste time delisting."


"The task of overhauling the enormous entity that EOH has become will see some of its non-core divisions sold, however. Ten or perhaps 15 of the 273 entities would be shed, and that process had already begun, he said."


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#2 Tom

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Posted 22 February 2019 - 09:51 AM

This article is very critical:

https://www.fin24.co...ompany-20190222

 

One always has to read between the line to get to know what's going on.

This share is a very high risk share.


Edited by Tom, 22 February 2019 - 09:55 AM.

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#3 Polly

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Posted 22 February 2019 - 09:30 AM

from a technical point of view , last 2 candles on eoh daily looks bullish....a bottoming tail ( wednesday) and a spinning top ( yesterday)...lets see if follows through


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#4 Polly

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Posted 21 February 2019 - 02:23 PM

all those who shorted catching a lekka squeeze now.....


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#5 Tom

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Posted 21 February 2019 - 01:23 PM

The main problem that EOH will have now is that they will find it more difficult to raise fund or procure cost effective loans, and given their high debt level, and that they've posted losses in the last 2 financial halves, then the possibility of them running into liquidity problem is real (which can lead to insolvency and bankruptcy), and maybe that's why yesterday the CEO mentioned that EOH is considering to sell some assets (divisions).


Edited by Tom, 21 February 2019 - 01:26 PM.

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#6 nosh

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Posted 21 February 2019 - 10:31 AM

“At the time of this investigation, Microsoft said: “In a company of our size, allegations of this nature will be made from time to time. It is also possible there will sometimes be individual employees or business partners who violate our policies and break the law. In a community of 98,000 people and 640,000 partners, it isn’t possible to say there will never be wrongdoing.”

EOH using exact same excuse - maybe they read this article! 

https://www.siliconr...ery-sec-hungary


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#7 nosh

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Posted 21 February 2019 - 10:19 AM

is he suggesting rogue employees then?? eish...

 

they certainly have a knack of talking themselves out these situations....maybe again....

Note how he's not outright denying corruption/fraud.  Also mere fact that they've set up and are investigating deals from the past means they're aware of corruption and are probably expecting more.  Somewhere in article he even says something to the effect that the climate in this country was an excuse / enabler of said corruption.


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#8 Polly

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Posted 21 February 2019 - 09:42 AM

Analysts and investors applauded and offered hearty handshakes at the company’s AGM, where Bohbot appealed for people not to judge 11 495 employees badly just because of a few bad apples. This phenomenon of collective punishment was “totally and utterly irrational”, he said.

 

 

https://techcentral....h-at-agm/87614/

 

Maybe this explains the upward swing?

is he suggesting rogue employees then?? eish...

 

they certainly have a knack of talking themselves out these situations....maybe again....


Edited by Polly, 21 February 2019 - 09:43 AM.

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#9 nosh

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Posted 21 February 2019 - 09:40 AM

Analysts and investors applauded and offered hearty handshakes at the company’s AGM, where Bohbot appealed for people not to judge 11 495 employees badly just because of a few bad apples. This phenomenon of collective punishment was “totally and utterly irrational”, he said.

 

 

https://techcentral....h-at-agm/87614/

 

Maybe this explains the upward swing?


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#10 Investment novice

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Posted 20 February 2019 - 07:42 PM

Any idea why EOH share price has rallied after the fall, so it hasn't totally collapsed yet?


Rally is from demand. Reading through a number analysts interviews they believe the company has value and the issues with gov contracting are rectifiable. And will not bankrupt this firm.

Potentially some other reasons.. That we blind on... Absa has this share at r49 value.... Trading at r12 this morning... Results due March... There may just very well be an upside that buyers willing to risk and hold for two to three years...

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#11 Tom

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Posted 20 February 2019 - 03:28 PM

Any idea why EOH share price has rallied after the fall, so it hasn't totally collapsed yet?


Edited by Tom, 20 February 2019 - 03:32 PM.

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#12 Tom

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Posted 20 February 2019 - 12:53 PM

Up and down and down and up...


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#13 Tom

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Posted 20 February 2019 - 12:49 PM

Given that it's mostly robots that are busy buying and selling, and then run back to cover their shorts, then it's best for humans to just sit back and watch the Start War.

Just be careful not to pick up a future time bomb ***


Edited by Tom, 20 February 2019 - 12:53 PM.

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#14 nosh

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Posted 20 February 2019 - 12:49 PM

maybe a squeeze .....temp bounce...

Ok thanks


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#15 Polly

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Posted 20 February 2019 - 12:27 PM

Going up - what did I miss?

maybe a squeeze .....temp bounce...


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#16 nosh

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Posted 20 February 2019 - 12:22 PM

Going up - what did I miss?


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#17 Tom

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Posted 20 February 2019 - 12:19 PM

Founder Asher Bohot was brought back more than a year ago to help with this very issue (corruption and reputation).


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#18 soutie

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Posted 20 February 2019 - 11:54 AM

Stay the F*k away people....!

My 2c


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Anyone need a heads up...!


#19 Tom

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Posted 20 February 2019 - 11:51 AM

https://www.business...als-steinhoffs/

https://www.fin24.co...-board-20190220

 

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#20 Lionelza1

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Posted 20 February 2019 - 10:50 AM

Banks closed bosasa accounts, we heard of corruption that went on there with government contracts...

EOH looking scary at the moment
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