1165 replies to this topic

[Lionelza1]

Thanks P.... So steinhoff talking and still no positive reaction from market, cnt be good what's comming out, back in office at 1, really hate missing this as this is where we are going to find some facts! Recording the program me tho

[Polly]

Du Preez says the financial effect of accounting irregulaarities will be revealed in the 2017/18 financial report of Steinhoff

like we didnt know

[Polly]

Du Preez says the financial effect of accounting irregulaarities will be revealed in the 2017/18 financial report of Steinhoff

[Polly]

Steinhoff board to make presentations now. Chairperson Heather Sonn says that CEO Louis du Preez has just flown in from London, having attended to a business matter, to be at the briefing today

[Polly]

Du Preez apologises for being late, says his flight was delayed. Carrim wants to know what airline it is - but asks Du Preez not to name SAA if it is. Du Preez says its an airline with a number of flights from Cape Town to the UK

[Midas1]

Loadshedding as would like see whats going on snh..but see share price hitting the skids

[Lionelza1]

Thanks P appreciated..... Looking at market reaction eish big contrast to last yr..... Is steinhoff present? I'm hearing they not?

[Polly]

Steinhoff CIPC will be seeking applications to declare former Steinhoff directors as delinquent directors, the committee heard.

[Polly]

Nicky Newton King for JSE: on why the #Steinhoff fraud was not picked up earlier: “There are lots of good laws that people find their ways around. If they deliberately withheld info, we couldn’t have seen it or joined the dots.” Listing requirements will be changed

[Polly]

for larry and lionel :

 

1.JSE CEO Nicky Newton-King up first. Details R1m fine imposed on Steinhoff Holdings & R5m on Africa retail division (now Pep) & proposals to strengthen JSE regulations for new & existing listings GD

 

  

Voller says CIPC will be pursuing delinquent director applications against those involved whatever the outcome of criminal or civil proceedings.

 

Brandon Topham of Financial Sector Conduct Authority: investigating insider trading, market manipulation, issue of false and misleading information. Yet to go through entire PwC report. This matter top priority of FSCA for next 3-6mths. GD

 

 

CIPC being challenged here as to legal basis for its refusal to divulge names of implicated individuals.

[Midas1]

Ps multichoice aint my thing for equities cause don't like company but traded them once successfully so having another spin

[Midas1]

No touching npn for next few days for longs..predicted tencent drop today , i think pre results jitters

[Midas1]

Thanks noted..allan gray bought over 5 percent

[Polly]

Biught multichoice at 120.5 to trade long...ill sell for even 123...but lets see if gods smiling this week

 im actually suprised it thats high.....BUT a few weeks ago i did say to Leo watch for new entrants ( long) and old drops outs ( short) on top 40...

 

 

new entrants funds need to buy in....Old entrants funds dispose off...all per mandate!!

 

 

from tomorrow chnages will be made and funds will have rebalanced portfolio....so what im saying may start the slide next week as funds rebalanced.....

[Midas1]

Biught multichoice at 120.5 to trade long...ill sell for even 123...but lets see if gods smiling this week

[Midas1]

Haha just seen snh chat...feeling quite grateful sitting with mrp at 204 even though 9 rand down at mo...made but on sol today, but hoping claw back on mrp in next weeks...very angry people on snh whic why pleased my sensible share down as hope of an up

[Investment novice]

Yea P I share that same sentiment, charts does not matter much on this share.... Way Too Volatile

Would be better if price drops I could buy in cheaper. But let's see sa's reaction to that Friday sens

If there is a trading opportunity may see dominant trends emerging... Can get into a upswing and sell off end of day...

May also see sell off.. But the bottom will be difficult to predict.. Probably 1.60...but don't expect to see r1 levels.

The mood now may be predominant positive as the write of of 6 billion is less than 12 billion.. Creating positive sentiment.


Completely unpredictable hence don't wait for decline.. I will look to Polly. Guidance... I have some cash which I will trade this share with to learn more... The majority of my snh stock is locked in for after restructuring talks to consider rebalancing.
Sent from my SM-G950F using Sharenet Sharechat mobile app

[Lionelza1]

Yea P I share that same sentiment, charts does not matter much on this share.... Way Too Volatile

Would be better if price drops I could buy in cheaper. But let's see sa's reaction to that Friday sens

[Midas1]

Morning P, rand still seems week,,so guess another flat day mrp, need it up 10 rand which is a lot....antway patience..have a profitable day..wil see if any good deals elsewhere in mean time..

[Polly]

Just had a look at daily steinhoff chart ( although i honestly believe charting does not apply to this share as it trades on emotions)

 

daily chart is turning to be bearish...that inverse head and shoulders has now been negated ( warned Milo about this)..means that height the share suppose to rise from neckline will now fall by that exactly same amount down. ( target R1.40 instead of R2.80

 

Also lots its 200 day ma which sat on Friday at about R1.99. For 6 consecutive days it stayed above the 200 but Friday lost it convincingly..

 

But all this will be naught if that rally after hours overseas follows through in SA!!!  As i say charts cant mean much with this share...but who knows!!

Edited by Polly, 17 March 2019 - 09:12 PM.