Jump to content


Photo
- - - - -

Pollys Help Desk


  • Please log in to reply
779 replies to this topic

#1 Lionelza1

Lionelza1

    Master

  • Members
  • PipPipPipPipPip
  • 1,062 posts

Posted Yesterday, 04:05 PM

 

and for you Lionel:
 
When new management came in ,  they thought this was a straight forward exercise of house cleaning and then rest of businesses will run smoothly hence the date predictions....
 
and what happens...mess upon mess discovered , hence appoint lawyers to board....and more mess and hence appoint restructuring  specialist to board...
 
and hence change of dates which will continue as more mess is discovered...
 
 
Whos next to be appointed??  Sequestration or bankruptcy specialist?? How about Athul Gupta or Jacob Zuma to the board , best thing they will ever do... :D

 

hey P

 

100%......was not confident at all when i bought in last thursday........but ya


  • 0

#2 Midas1

Midas1

    Advanced Member

  • Members
  • PipPipPip
  • 327 posts

Posted Yesterday, 02:40 PM

Thanks..will miss supergroup then..am also collecting long term equities but trying for better performers with decent dividends..have good w end
  • 0

#3 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted Yesterday, 12:55 PM

and seeing the gurus say go see Sarel  Oberholsters model....i google and go to his website seeking alpha..

 

Guess what....as i go to next page it asks me to register to continue viewing??

 

Whats he selling??

 

sccew him

 

another get rich scheme....


Edited by Polly, Yesterday, 12:56 PM.

  • 0

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


#4 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted Yesterday, 12:01 PM

and for you Lionel:
 
When new management came in ,  they thought this was a straight forward exercise of house cleaning and then rest of businesses will run smoothly hence the date predictions....
 
and what happens...mess upon mess discovered , hence appoint lawyers to board....and more mess and hence appoint restructuring  specialist to board...
 
and hence change of dates which will continue as more mess is discovered...
 
 
Whos next to be appointed??  Sequestration or bankruptcy specialist?? How about Athul Gupta or Jacob Zuma to the board , best thing they will ever do... :D

  • 0

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


#5 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted Yesterday, 11:52 AM

For the Steinhoff lovers , Gurus and pumpers;

 

extracts from the  9 months quarterly review / update dated 30June 2018 ( Unaudited

 

 

The extraordinary events during the current year have created significant uncertainties for the Group and its operating businesses. Furthermore, the confidence of the Group’s suppliers, creditors and customers has been undermined. This all contributed to a difficult general trading environment (as explained in more detail in the operational review) and significant diversion of management’s time.

 

 

The Group reported revenue growth of 2% to
€12.9 billion (9MFY17: €12.7 billion) from continuing operations for the nine months under review.
Operational results were severely impacted by the Steinhoff events and a difficult general retail trading environment
 
Operational entities were impacted by the events at their parent company and operational management teams faced additional challenges and incurred extraordinary costs. These challenges include:
• Liquidity management
- Raising working capital facilities at operating entity level to replace Group treasury funding
- Change of operational processes resulting from reduced supplier credit
- Active engagement with suppliers and credit insurers to substantiate and maintain reduced credit lines
• Customer confidence
- The negative press surrounding the Group influenced customer behaviour in many of the operations, and during this period enhanced communication was required. This was specifically relevant in product categories that provide multi-year customer guarantees and with made-to-order furniture (for example kitchens, upholstery and other large furniture items), as these products have a long lead time and require customers to pay a deposit upon ordering. These transactions were under pressure as a result of the uncertainty surrounding the stability of the Steinhoff Group.
• Organic growth
- In the household goods business, store openings and capex projects were put on hold.
- Business plans of all the operations have been thoroughly interrogated and management has been tasked to focus on profitability, cash flow, inventory management and overall cost reduction.
Difficult general retail trading environment
In most territories where the Group operates, operational divisions have experienced difficult trading environments resulting in reduced store traffic footfall and store profitability. The trading environment was influenced in the various geographies by low economic growth rates, increased competition and overtrading, the impact of online retailers, and customer indebtedness.
 
 
Above is just tip of the ICEBERG.....
 
Imagine when the Audited AFS comes out 
 
BTW i didnt read anything about Steinhoff before my  streetwise conclusion that it  is going to zero and pulled this out only today..
 
 
Pretty obvious to me the name Steinhoff and the word disaster is 2 things you need to keep away from.
 
 
 

  • 0

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


#6 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted Yesterday, 11:17 AM

P do you think supergroup may take upswing on release 25th..have good w end.

This is my ten bagger... ( bought R6.00 after 10 to 1 consolidation)but seems tom be going sideways  to slightly down last 6 months.... So R60 seems far fetched for now..

 

I think this share will remain flattish for next year or so and may top R40.00 at most...results were noting sparkling but beat last years so consistency is there...but PE a bit rich too me especially with high petrol prices as its major business is logistics and new car sales. has business interests in Australia and Uk so weaker rand in translation will convert to higher profits which will help bottom line....

 

M with your type of trading where u looking for a quick buck in 2 months max , i suggest better opportunities elsewhere. This is more buy and hold for medium /long term


  • 0

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


#7 Midas1

Midas1

    Advanced Member

  • Members
  • PipPipPip
  • 327 posts

Posted Yesterday, 07:46 AM

P do you think supergroup may take upswing on release 25th..have good w end.
  • 0

#8 Midas1

Midas1

    Advanced Member

  • Members
  • PipPipPip
  • 327 posts

Posted 22 February 2019 - 09:01 PM

Dawn..the b dy btards have credited my account 12 k..ok i got off light..but thought mr 1c offer may have fallen through...u live and learn! Lucky i bought at 2c..
  • 0

#9 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 22 February 2019 - 06:22 PM

From sugar side i dont like it..land/ property potential but overall this isn't my choice of shares

great potential but massive liquidity problem...


  • 0

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


#10 Midas1

Midas1

    Advanced Member

  • Members
  • PipPipPip
  • 327 posts

Posted 22 February 2019 - 06:00 PM

From sugar side i dont like it..land/ property potential but overall this isn't my choice of shares
  • 0

#11 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 22 February 2019 - 05:37 PM

seesm tongaat hulets in big financial problems....another one to start biting the dust...terrible trading statement!!!!!!!!  ouch


  • 0

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


#12 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 22 February 2019 - 04:40 PM

welcome.  dunno what to make of the news though. Good ? Probably in long term? Or is it simply a question of two friends spreading the risk?

hard to say hay

 

 

1. Jewish are excellent business people.

 

2. They will always help one another..

 

 

So if 1 above means good news

 

 

 

If 2 above may be bad news cos as other forms of finance was hard to come by and had to go to friends... and friends will help irrespective of your financial position...


  • 0

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


#13 nosh

nosh

    Little Master

  • Senior Member
  • PipPipPipPip
  • 558 posts

Posted 22 February 2019 - 04:28 PM

thanks N...one Jewish friend helping another....

welcome.  dunno what to make of the news though. Good ? Probably in long term? Or is it simply a question of two friends spreading the risk?


  • 0

#14 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 22 February 2019 - 04:05 PM

thanks N...one Jewish friend helping another....


  • 0

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


#15 nosh

nosh

    Little Master

  • Senior Member
  • PipPipPipPip
  • 558 posts

Posted 22 February 2019 - 03:59 PM

https://techcentral....o-cell-c/87678/


  • 0

#16 Lionelza1

Lionelza1

    Master

  • Members
  • PipPipPipPipPip
  • 1,062 posts

Posted 22 February 2019 - 03:35 PM

and lost  all its gains for the day...was up 7% at one stage...glad i bailed

yeah its getting knocked eish


  • 0

#17 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 22 February 2019 - 03:32 PM

and lost  all its gains for the day...was up 7% at one stage...glad i bailed


  • 0

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


#18 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 22 February 2019 - 03:30 PM

yea 3 sens issues 1 after the other.....lots of talk about cellc, they could have a plan there with ceo change....2ndsens seems like they up to something good.....im just watching, share been downward trend since 2016.....perhaps this is move in the right direction for them

yeah that is baggage,,,big baggage....its funding that baggage is what market is concerned about....and they seem to be ducking and diving on that....


  • 0

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


#19 Lionelza1

Lionelza1

    Master

  • Members
  • PipPipPipPipPip
  • 1,062 posts

Posted 22 February 2019 - 03:03 PM

trading statement juts out now.....seems ok except for debt at first glance

yea 3 sens issues 1 after the other.....lots of talk about cellc, they could have a plan there with ceo change....2ndsens seems like they up to something good.....im just watching, share been downward trend since 2016.....perhaps this is move in the right direction for them


  • 0

#20 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 22 February 2019 - 02:51 PM

http://www.sharenet....eq=25&scode=BLU Hi P....a up run on blu?

trading statement juts out now.....seems ok except for debt at first glance


  • 0

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






Sponsored by Sharenet and VPSNine Linux VPS Hosting