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#221 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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#222 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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#223 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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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#224 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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#225 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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#226 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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#227 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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