477 replies to this topic

[JK001]

No idea.... But there is alot more crap coming..... Exoect this share to swim next to my most favourite in the whole world...

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EOH Stephen van Coller has done a great job at repositioning EOH with his key stakeholders demonstrating policies, belt and brace put into place. Mostly agree with you IN, think this one may surprise you.

[Investment novice]

No idea.... But there is alot more crap coming..... Exoect this share to swim next to my most favourite in the whole world...

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[nosh]

Any idea why EOH is having two good days when rest of market is crashing?

 

Thanks in advance

 

[Investment novice]

So some more news trickling out.... Small leak and then the flood gates open..... Think this share is going to experience new lows more often until the truth is out..... Interesting that there is no sens around previous financials being reviewed....

Get out, or short the share

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[Investment novice]

I want to test a few assumptions with you...
Let's say we hold true that eoh is broken and thus far based n the past three years we have seen broken listed organizations guilty of the following:

Governance violations
Falsified income
Fraud
Accounting miss representation
Tender preneurship
Etc.

How many of these boxes do you think will be ticked in the next 12 months... I think current ceo pretense at clean up will result in him losing his head.... Come clean mate... Let's do a full cleanup of this company so that we can build properly.

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[Investment novice]

What's the probability that this share is suspended?
Should be to protect investors.... As news comes tricking in...
Would you test the credibility of the new ceo... In his attempts to soothe the market rather than doing a full expose...
Is he protecting value or is he seriously engaging in a full clean up..... Has alot on his plate... But a tempered approach here is not worth the paper as more and more whistle blowers will come out.... Track the directors... And their sens on the share pump and dump... I am happy to guess whether...... has there been securities violation.? ... Too long have the young it gurus been bathing in the wealth with fast cars....... .
Happy to guess and speculate....

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[Investment novice]

EOH said it has asked ENSafrica, a law firm which is already investigating corruption at the company, to include the latest allegations


So what was the quality of the initial ens investigations if it missed such a big transgression.
The ens investigation is a scam. Think there is alot more. Probably require a pwc end to end investigation to review all transactions private and public over the last six years.....this company needs to be cleaned out.... And.... Those responsible need to pay.... Class action suit coming up at a movie near you.....

Think this share will be under massive pressure.....



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[nosh]

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

[Investment novice]

massive hay...

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

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[Matrix]

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.

[Matrix]

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!!

[Polly]

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...

[Matrix]

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

 

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

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

[Polly]

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...

[Investment novice]

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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[Investment novice]

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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[Polly]

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

[Investment novice]

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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[Investment novice]

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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[new john]

Love it when a decision to not FOMO buy turns out to be a good decision.