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#201 JK001

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Posted 26 September 2018 - 06:23 PM

Dividend i think she means and excuse my french but can steinhoff groupies not f around with trading this share

:D :lol: :D :lol: :D


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#202 Ms Jet

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Posted 26 September 2018 - 06:11 PM

I have never claimed to be an expert so up to yourselves.. i quote ,,,."The share price had dropped because they have not released their financial results on time.
And their net profit is said to have dropped drastically.it seems there are similarities in the steinhoff saga .its likely that they may try and sell off some assets . zim is only part of their problem .
They still havent published results from their financial yr end in june . dont buy !
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#203 Polly

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Posted 26 September 2018 - 06:06 PM

Im not going in on this...spoke someone in the know and they said dont ! Im taking their opinion thats all i can say

 yeah go buy steinhoff lol


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#204 Ms Jet

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Posted 26 September 2018 - 06:05 PM

Im not going in on this...spoke someone in the know and they said dont ! Im taking their opinion thats all i can say
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#205 andi222

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Posted 26 September 2018 - 04:41 PM

So I think the auditor had some findings which have not yet been finalized. In my opinion no adjustment will be posted, same as in the interim period. No issues where found in the interim period and thus im confident that we will soon see the R1 by end of October.  I would say everything below 60 cents is still a great buy as this is a 90% discount to the all time high.


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#206 Polly

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Posted 26 September 2018 - 01:02 PM

Polly, what do you base this on - fundamentals or technicals? Personally I have followed this company a long time, and unless there is a massive fraud/restatement of results or something we do not know about, this could be a huge opportunity. Cannot see Zim problem justifying price movement. Anyway, upped my position yesterday at 40c, but massively underwater on total position. Will hold until have the facts. 

 

Could be completely wrong, but just dont see another Steinhoff here.  I pray it not another Steinhoff.

3 day retracement after sell off

 

sell off followed by 3 day recovery.....normally day 4 back down.....thats when u buy....

 

not saying its gona go down big...just saying if u want to go in dont chase above 50c


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#207 andi222

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Posted 26 September 2018 - 01:02 PM

Did you ride it Andi ? I see its up 30% up

 

Haha nope, I will see where this share is going. I'm expecting a dividend so might even keep it till end of October. But if I hit my 50% I might sell half of the shares.

 

But for now let's see where this is going. Time will tell. 


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#208 Ms Jet

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Posted 26 September 2018 - 12:43 PM

Dividend i think she means and excuse my french but can steinhoff groupies not f around with trading this share 😂
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#209 DividendTycoon

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Posted 26 September 2018 - 12:38 PM

Steinhoff pumpers please dotnt chase this share now....will retrace back below 50c in next few days or early next week...

 

Polly, what do you base this on - fundamentals or technicals? Personally I have followed this company a long time, and unless there is a massive fraud/restatement of results or something we do not know about, this could be a huge opportunity. Cannot see Zim problem justifying price movement. Anyway, upped my position yesterday at 40c, but massively underwater on total position. Will hold until have the facts. 

 

Could be completely wrong, but just dont see another Steinhoff here.  I pray it not another Steinhoff.


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#210 Polly

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Posted 26 September 2018 - 12:08 PM

Steinhoff pumpers please dotnt chase this share now....will retrace back below 50c in next few days or early next week...


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#211 SB45

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Posted 26 September 2018 - 12:05 PM

Did you ride it Andi ? I see its up 30% up
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#212 andi222

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Posted 26 September 2018 - 11:39 AM

I looked at their SENS announcements for the last three years. 

 

Last year they where late as well. See SENS on 29 September 2017. They subsequently issued the financials on 5 October 2017. No share crash

 

Interim financial statements where delayed as well. With the comment that auditors are not happy yet. Subsequently results where issued a few days later with no adjustments by the auditor. No share crash

 

This year same story but the share price crashed completely. . . I think the Steinhoff story is in the back of SH heads and they getting scared.

 

But let's see where this share is going. Next 15 days will be interesting haha


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#213 andi222

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Posted 26 September 2018 - 11:09 AM

definite buy in my books below 50c..once in a lifetime as they say!

 

Zim seems to be the problem area...dont know how many stores there

 

Yeah they have a dispute with some owners in ZIM who are claiming they have 51% shareholding in some Company but Choppies is saying they only hold 7%. So no idea whats going on there. Will try to find more information on it. I think ZIM is not their biggest market. So I'm not too concerned. 

 

I defs agree with you that below 50 cents its a bargain. I bought 250k shares this morning. Hopefully they will rise today as we go.


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#214 Polly

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Posted 26 September 2018 - 10:54 AM

Yes true, but if I look at the audited interim financials they looked great. And in my opinion they sell groceries and things you can see, It's hard to fudge things here. The only thing that could hit hard is a once off fine or impairment or other once off item. Doubt that it would have a going concern issue? Don't you think the market just overreacted hard because they saw what happened to Steinhoff Polly?

definite buy in my books below 50c..once in a lifetime as they say!

 

Zim seems to be the problem area...dont know how many stores there


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#215 andi222

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Posted 26 September 2018 - 10:50 AM

minimum 20% decline... could be 100% decline.... could be 21% .... could be 200%

 

Yes true, but if I look at the audited interim financials they looked great. And in my opinion they sell groceries and things you can see, It's hard to fudge things here. The only thing that could hit hard is a once off fine or impairment or other once off item. Doubt that it would have a going concern issue? Don't you think the market just overreacted hard because they saw what happened to Steinhoff Polly?


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#216 Polly

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Posted 26 September 2018 - 10:41 AM

In my opinion SH overreacted badly. Seeing this share price way above R1. They reported a 20% decline in profits with their trading statement but still make a 60 million profit if no material adjustments will be booked. Time will tell. They said they will issue financials before 15 October.

minimum 20% decline... could be 100% decline.... could be 21% .... could be 200%


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#217 andi222

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Posted 26 September 2018 - 10:40 AM

In my opinion SH overreacted badly. Seeing this share price way above R1. They reported a 20% decline in profits with their trading statement but still make a 60 million profit if no material adjustments will be booked. Time will tell. They said they will issue financials before 15 October.


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#218 andi222

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Posted 26 September 2018 - 09:53 AM

They are generating profits, and paying dividends. They also had a delay in their results for interim but everything was ok. So either its just a massive blow or there is something in the bush. I got in at 45 this morning. Hopefully it will recover after the results are out and everything is ok. IPO price was at 4,50. Now sitting at 0,45. 90% down. That's just crazy.


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#219 SB45

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Posted 25 September 2018 - 08:21 PM

Still searching myself Andi, but further delay in financials SENS issued late on Friday after market close and when everyone was on holiday, and the disputes in Zim, still searching further. I’m bleeding on this one big time.
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#220 andi222

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Posted 25 September 2018 - 06:15 PM

Does anyone know why the share price crashed today?

Can't find any news on it.


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