1165 replies to this topic

[Polly]

ok not so much on parli thats a dumb question.....any potential here in snh? and any views on Karin's posts?

 

Thanks

Karins another old lassie CA (SA)...knows whats she talks and someone you need to listen closely to..Shes been there done that type...so very experienced!!!

[Investment novice]

having said all that , you know Mr Market works differently cos its a casino..

I said before expect a push up to R4/R5 as punters and more gamblers enter the scene to buy in...up she goes this week... and then the big fat papa bears hedges wait on sideline and suddenly enter to drop it like a stone to below R2.00...and then finally rest in peace steinhoff... my opinion

HOWEVER if breaks above R5.00 means i got it totally wrong and then join the cleva money going in long...

Agree... Trading opportunity... Try find the trend and make money

Sent from my SM-G950F using Sharenet Sharechat mobile app

[Lionelza1]

but should siefert withdraw challenge OR management (useless) do out of court settlement....good news for share price and company, another hurdle passed

 

https://www.business...bitter-dispute/

sorry i shouldve quoted this

 

useless management spending time and money on more losses!

 

 

The impetus for the deal with Seifert came from a German judge who, on Wednesday, urged both sides to settle for an amount that is a multiple of POCO’s earnings. Eventually they valued POCO at €532.5m, amid a fractious hearing that was stayed twice to allow private talks.

 

"We’ve been fighting so long, but finally things moved so quickly," Seifert said when leaving the courtroom.

[Lionelza1]

yea P thanks for the responses

 

I am going to pump this share tomorrow in anticipation for an up on tuesday..........and then i will dump it all perhaps late tuesday

 

my concern is if the court grants sieferts challenge which is expected to be heard towards end march, does anybody know the date?, then snh will delay afs as per their sens?.....and if that happens....market will klap share price

 

but should siefert withdraw challenge OR management (useless) do out of court settlement....good news for share price and company, another hurdle passed

 

https://www.business...bitter-dispute/

Edited by Lionelza1, 17 March 2019 - 05:06 PM.

[Lionelza1]

having said all that , you know Mr Market works differently cos its a casino..

 

I said before expect a push up to R4/R5 as punters and more gamblers enter the scene to buy in...up she goes this week... and then the big fat papa bears hedges wait on sideline and suddenly enter to drop it like  a stone to below R2.00...and then finally rest in peace steinhoff...  my opinion

 

HOWEVER if breaks above R5.00 means i got it totally wrong and then join the cleva money going in long...

yea P thanks for the responses

 

I am going to pump this share tomorrow in anticipation for an up on tuesday..........and then i will dump it all perhaps late tuesday

 

my concern is if the court grants sieferts challenge which is expected to be heard towards end march, does anybody know the date?, then snh will delay afs as per their sens?.....and if that happens....market will klap share price

[Polly]

having said all that , you know Mr Market works differently cos its a casino..

 

I said before expect a push up to R4/R5 as punters and more gamblers enter the scene to buy in...up she goes this week... and then the big fat papa bears hedges wait on sideline and suddenly enter to drop it like  a stone to below R2.00...and then finally rest in peace steinhoff...  my opinion

 

HOWEVER if breaks above R5.00 means i got it totally wrong and then join the cleva money going in long...

[Polly]

Sjoe the one thing I'm taking out of my steinhoff adventure is that it allowed me to discover the power of social media yooohhh how did I miss this haha

important who you follow...Some Gurus will punt cos they got in at R5.00 or maybe R20.00

and in this chat , you and Leo were the only who actually posted  their entry... So others have a vested interest to proctact thier entry price and pump the share. I for one be it trading shares  , alsi or investment , post each entry i make , never feel shy to do that...thats shows confidence , be it right or wrong ..

 

1. best to follow those who are consistent in their calls ie get it right more than wrong

 

2. follow those who show their trades in black and white cos they put there money where there mouth is at time of call.

 

3. Follow those who give any outsiders opinion. IE not invested here

Edited by Polly, 17 March 2019 - 02:33 PM.

[Polly]

ok not so much on parli thats a dumb question.....any potential here in snh? and any views on Karin's posts?

 

Thanks

 

L...in my honest opinion

 

Only think keeping Steinhoff surviving is its African assets (Pepkor)

 

Talk of other good business not effected in that sens absolute bullshit...( of cos its how you read it and most reading good businesses as existing overseas businesses as well....they caould be refering to Star Africa only hehe)).. We all know this pyramid scheme started way back before Star Africa was acquired. Now with those fraud write offs , imo existing business( excluding Star) were actually loss making. If i was to invest here to acquire this business , i would place a value of R1.00 on those so called existing good businesses ( remember when Wiese co Shoprite acquired OK bazaars about 20 years ago  for R1.00)

 So only real  value left is Star and maybe properties. Wiese imo going to go for the kill to reverse that pepkor transaction and imo he will win hands down. Then what are you left with??  Peanuts and all loss making.... 

 

No future imo....

 

All pyramid schemes work like this....and this one playing no different...

 

As much as the board can cherry pick and promise all will be ok and they will counter sue etc ,  they have no option but to say this , otherwise its curtains...and who wants curtains as they will be out of a job....So they will continue to say its all ok until its the END!!!

 

At the moment beginning of the END!!

[Lionelza1]

Sjoe the one thing I'm taking out of my steinhoff adventure is that it allowed me to discover the power of social media yooohhh how did I miss this haha

[Lionelza1]

Hi P..

 

Been doing alot of reading on snh after report and came across Karin Richards and many others on twitter and your views are more aligned with those. I appreciated/respected reading those views as it seems more in touch with the disaster that snh is faced with

 

They look at backward valuation as u once talked about, they also share your views on snh being a ponzi scheme etc etc

 

so my question..tuesday they have the parli process....do you have any views w.r.t this and how it would/could affect share price? 

 

I am tempted to buy in again but after all that reading eish 

ok not so much on parli thats a dumb question.....any potential here in snh? and any views on Karin's posts?

 

Thanks

[Lionelza1]

Hi P..

 

Been doing alot of reading on snh after report and came across Karin Richards and many others on twitter and your views are more aligned with those. I appreciated/respected reading those views as it seems more in touch with the disaster that snh is faced with

 

They look at backward valuation as u once talked about, they also share your views on snh being a ponzi scheme etc etc

 

so my question..tuesday they have the parli process....do you have any views w.r.t this and how it would/could affect share price? 

 

I am tempted to buy in again but after all that reading eish 

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Edited by Lionelza1, 17 March 2019 - 11:27 AM.

[Midas1]

Ps saw mcz results looks improvement but still not great

[Midas1]

Thanks been stressing was up 24 k in 3 weeks since started on all different cfds which i thought good,, now only up 10k ...my average price 204..again for mrp thought ok...but it went mad into down cycle....ok ill try vasbyt...if imp, sol or exx or mcg drop at all today going in...retailers ill give wide berth ,,for bit haven't even looked at my equity account..must be looking pretty sic..cause have shop and mr p there too..
Also have sol and bti...so maybe balanced it...yussus another day..good luck ! Ps do you know what interest your cfd account charges you monthly or annually when you hold shares ? Approx

[Polly]

Hi P, messed up buying mrp cfds..do u reckon more blood today? Not sure whether hold or ditch..all my others done so well so was waiting for the hit...am hoping after such down run may have small upswing...but not convinced think could be more blood! Still overall up but mr p made big dong on my profits...learning curve..thanks

 good share to hold but with cfds you may bleed a little...wait for a green day to dispose...should recover soon

[Midas1]

Hi P, messed up buying mrp cfds..do u reckon more blood today? Not sure whether hold or ditch..all my others done so well so was waiting for the hit...am hoping after such down run may have small upswing...but not convinced think could be more blood! Still overall up but mr p made big dong on my profits...learning curve..thanks

[Midas1]

Thought mrp nav over 200 rand...looks like tommorrow going get hammered again if rand stays so weak

[Midas1]

Bought and sold exx twice....but where is bottom mrp,, surely soon....hipe exchange changes tomorrow

[Midas1]

Sold them 152..so.good..may buy back before divi

[Polly]

Haha that sounds like you avoiding the rest...do you think upswing today..i think so but maybe try sell at 154..or too high.? .finding this one hard to judge

only saw highlights...dodnt read the lot...but looks good..very cash flush

[Midas1]

Haha that sounds like you avoiding the rest...do you think upswing today..i think so but maybe try sell at 154..or too high.? .finding this one hard to judge