What happened today...a week or longer of low volume and today almost 6 million shares traded and on the down trend...who knows what.....are we last to know...
469 replies to this topic
#22
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 31 August 2020 - 09:11 PM
Anyone knows what the pump was about today. Was it an end of the month pump....
Optics on this share still a concern and no real indication that they will woth certainty meet the timelines for financials and audit and agreements with previous auditor and 400m forensic completed as well as SARS settlement...etc....i like Stephen c...and like the storyline , hesitant to get shares now...should we jump in now or perhaps end september.
Optics on this share still a concern and no real indication that they will woth certainty meet the timelines for financials and audit and agreements with previous auditor and 400m forensic completed as well as SARS settlement...etc....i like Stephen c...and like the storyline , hesitant to get shares now...should we jump in now or perhaps end september.
#23
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 25 August 2020 - 05:47 PM
EOH contract with home affairs gets forensic auditNexia SAB&T has been appointed to investigate a R400m tender for the design and roll out of an automated biometric identification system
#24
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 25 August 2020 - 05:46 PM
EOH contract with home affairs gets forensic auditNexia SAB&T has been appointed to investigate a R400m tender for the design and roll out of an automated biometric identification system
#25
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 25 August 2020 - 05:44 PM
IRBA confirms investigation into auditors of EOH
16 Jul 2020
Johannesburg, Thursday, July 16, 2020 – The Independent Regulatory Board for Auditors (IRBA) has confirmed that it had already opened an investigation into the auditor of EOH Technology Solutions Ltd (EOH) on March 10, 2020, subsequent to receiving a complaint in February 2020. This follows in response to a Financial Mail editorial note on the EOH accounting issues in which the Financial Mail incorrectly suggested that the IRBA is not taking any action.
The IRBA advises that it was not asked for any comment on the EOH matter on whether there was an open investigation or not, or whether it had already taken any action in this matter prior to the publication of the Financial Mail article.
In fact, the IRBA had EOH and its auditor on a media monitoring watchlist for two years and has been following reports in the public domain about the alleged accounting fraud as the story has unfolded since it was first reported in 2018.
The IRBA under Section 48(1) of the Auditing Profession Act 26 of 2005 (APA), can open an investigation where there are reasonable grounds for suspicion that a registered auditor has committed an act which may render him guilty of improper conduct; or is of the opinion that a complaint or allegation of improper conduct which has been made against a registered auditor appears to be justified
This was the last...have not seen any eoh feedback...really hope no skeletons
16 Jul 2020
Johannesburg, Thursday, July 16, 2020 – The Independent Regulatory Board for Auditors (IRBA) has confirmed that it had already opened an investigation into the auditor of EOH Technology Solutions Ltd (EOH) on March 10, 2020, subsequent to receiving a complaint in February 2020. This follows in response to a Financial Mail editorial note on the EOH accounting issues in which the Financial Mail incorrectly suggested that the IRBA is not taking any action.
The IRBA advises that it was not asked for any comment on the EOH matter on whether there was an open investigation or not, or whether it had already taken any action in this matter prior to the publication of the Financial Mail article.
In fact, the IRBA had EOH and its auditor on a media monitoring watchlist for two years and has been following reports in the public domain about the alleged accounting fraud as the story has unfolded since it was first reported in 2018.
The IRBA under Section 48(1) of the Auditing Profession Act 26 of 2005 (APA), can open an investigation where there are reasonable grounds for suspicion that a registered auditor has committed an act which may render him guilty of improper conduct; or is of the opinion that a complaint or allegation of improper conduct which has been made against a registered auditor appears to be justified
This was the last...have not seen any eoh feedback...really hope no skeletons
#26
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 25 August 2020 - 05:43 PM
The problem is not with EOH, the problem is the 'lock down' on new projects in all the industries (conserving cash) . So it is matter of caution with many contracts not renewed or paused. thanks to our brilliant kopdoek president. there is a reason why Jan found nothing on planet kaap de goede hoop when he arrived 1652.
Finding new lows daily. If results are for any reason delayed we goinf to find ourselves in a new lownwith this share....expect results on the day advised but of tax issue or if any other reason this cannot be finalized on or before the date we going to have a roller coaster. There are historicalnissues....
#27
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 25 August 2020 - 05:38 PM
The problem is not with EOH, the problem is the 'lock down' on new projects in all the industries (conserving cash) . So it is matter of caution with many contracts not renewed or paused. thanks to our brilliant kopdoek president. there is a reason why Jan found nothing on planet kaap de goede hoop when he arrived 1652.
Finding new lows daily. If results are for any reason delayed we goinf to find ourselves in a new lownwith this share....expect results on the day advised but of tax issue or if any other reason this cannot be finalized on or before the date we going to have a roller coaster. There are historicalnissues....
#28
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 17 August 2020 - 05:33 PM
thanks Jk001, support the national economic strain impacts us all and the share but have spoken to a number of people during the past week. There is some smoke here. Not sure how much how significant and the impact on the share price .
I am however a long term believer in this share and in 5 years may be in a different place completely....issue is the short term and where do we buy in...is there a potential opportunity to buy in lower....I would add shares at this level certainly.
Also concerned this share hit r6 and dropped with support back to r4.50. Some news is upon us certainly. Hope it does not drop the share to r2 again
I am however a long term believer in this share and in 5 years may be in a different place completely....issue is the short term and where do we buy in...is there a potential opportunity to buy in lower....I would add shares at this level certainly.
Also concerned this share hit r6 and dropped with support back to r4.50. Some news is upon us certainly. Hope it does not drop the share to r2 again
#29
JK001
-
- Members
-
- 329 posts
Advanced Member
Posted 16 August 2020 - 09:02 PM
The problem is not with EOH, the problem is the 'lock down' on new projects in all the industries (conserving cash) . So it is matter of caution with many contracts not renewed or paused. thanks to our brilliant kopdoek president. there is a reason why Jan found nothing on planet kaap de goede hoop when he arrived 1652.
#30
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 16 August 2020 - 08:55 PM
Anushka Bogdanov, lead independent non-executive director of EOH and chairperson of the Social and Ethics Committee, has resigned from the board of directors of EOH with effect from 28 July
Seems massive issues with above and other quiet resignations and liabilities....tax and other...
Have been digging and digging and can only come up with these 2 probable dark waves that impacted price and resulted in eoh share price pressures.......
Seems massive issues with above and other quiet resignations and liabilities....tax and other...
Have been digging and digging and can only come up with these 2 probable dark waves that impacted price and resulted in eoh share price pressures.......
#31
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 16 August 2020 - 08:55 PM
Anushka Bogdanov, lead independent non-executive director of EOH and chairperson of the Social and Ethics Committee, has resigned from the board of directors of EOH with effect from 28 July
Seems massive issues with above and other quiet resignations and liabilities....tax and other...
Have been digging and digging and can only come up with these 2 probable dark waves that impacted price and resulted in eoh share price pressures.......
Seems massive issues with above and other quiet resignations and liabilities....tax and other...
Have been digging and digging and can only come up with these 2 probable dark waves that impacted price and resulted in eoh share price pressures.......
#32
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 13 August 2020 - 04:40 PM
Still waiting on news positive or negative. Seems this stock has fallen out with many...should have been close to r6 or r10 as debt being paid...the gov contracts and lack of clarity on the fraud still weighs and the tax uncertainty where the company may have depreciated or offset costs....not an accountant and not sure..but rumours are there is a tax liability that still has to be resolved and potential issues with contacts and fraud....anyone else have a clue....may be a lovely share for long term once all the cockroaches are sorted...
Any acvountants to comment pls
Or anyone...why has this share fallen recently after a magnaminous takeoff
Sent from my SM-G950F using Sharenet Sharechat mobile app
Any acvountants to comment pls
Or anyone...why has this share fallen recently after a magnaminous takeoff
Sent from my SM-G950F using Sharenet Sharechat mobile app
#33
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 07 August 2020 - 05:49 PM
Any news here?? Accountant colleagues suspect there is a big liability here not previously disclosed and could very well be a tax liability over a number of years.
If anyone has any ideas please advise. I have no investments in eoh, sold out completely.
Sent from my SM-G950F using Sharenet Sharechat mobile app
If anyone has any ideas please advise. I have no investments in eoh, sold out completely.
Sent from my SM-G950F using Sharenet Sharechat mobile app
#34
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 06 August 2020 - 11:07 AM
Reading through what has been posted on the web, i think the tax liability and or undisclosed fraud or a sale of another asset cheap may be the reason the share is seeing downward pressure.
There revenue to debt capability with no new announcements on any major big clients with dependence on state may be the downfall. Be interesting to see impact of r50 to a 100m tax liability
Any thoughts
Sent from my SM-G950F using Sharenet Sharechat mobile app
There revenue to debt capability with no new announcements on any major big clients with dependence on state may be the downfall. Be interesting to see impact of r50 to a 100m tax liability
Any thoughts
Sent from my SM-G950F using Sharenet Sharechat mobile app
#35
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 05 August 2020 - 05:48 PM
Does anyone have insight in this share. There is some market concern seeing how this shared dropped from r6 to r4.50.
I would exit all positions until there is clarity on the liabilities....
Sent from my SM-G950F using Sharenet Sharechat mobile app
I would exit all positions until there is clarity on the liabilities....
Sent from my SM-G950F using Sharenet Sharechat mobile app
#36
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 03 August 2020 - 05:40 PM
Does anyone have insight into this share..seems like significant movement down having peaked at six rand. The market seems to know something as usual....looking for some thing concrete.
Sent from my SM-G950F using Sharenet Sharechat mobile app
Sent from my SM-G950F using Sharenet Sharechat mobile app
#37
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 01 August 2020 - 04:56 PM
What are the technicals. Is there an increase in the shorts. Is the share heading to r2.20
Sent from my SM-G950F using Sharenet Sharechat mobile app
Sent from my SM-G950F using Sharenet Sharechat mobile app
#38
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 30 July 2020 - 01:15 PM
If anyone has news on this share pls pet us know. There is something in the background...i have decided to exit all holdings. And will reallicate to my other shares in my high risk basket
Sent from my SM-G950F using Sharenet Sharechat mobile app
Sent from my SM-G950F using Sharenet Sharechat mobile app
#39
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 30 July 2020 - 10:01 AM
Pls be careful woth eoh, use as a pump and dump and consider long term buy with two years results. This belongs in high risk portfolio...not sure if for investment...newbies beware.
Low volume pumps and low volume dumps...irratic
Sent from my SM-G950F using Sharenet Sharechat mobile app
Low volume pumps and low volume dumps...irratic
Sent from my SM-G950F using Sharenet Sharechat mobile app
#40
Investment novice
-
- Members
-
- 1,932 posts
Sage
Posted 29 July 2020 - 06:08 PM
Pls let me know tour thoughts...eoh got a financial penalty for fraud , they also delayed their financials and they pretty much said the same thing to the market around debt...using words such as resilience etc.
Majority of the negative gov contracts have been exited.
But there is a mssive pump setup...
Be cautious ..could be the 100% gain as previous....but will see a drop back to current levels..
Something is not right here...
Sent from my SM-G950F using Sharenet Sharechat mobile app
Majority of the negative gov contracts have been exited.
But there is a mssive pump setup...
Be cautious ..could be the 100% gain as previous....but will see a drop back to current levels..
Something is not right here...
Sent from my SM-G950F using Sharenet Sharechat mobile app
