1165 replies to this topic

[Midas1]

Thanks..i have a plan and exit plan if goes wrong....i diarise so i don't forget or change my mind on the plan ! as the brain is a funny thing

[Polly]

Hi .good to see small cap doing ok..bought some impala 51.10 , think they have way up to go..

and that share was 20 bucks a few weeks ago hay!!

 

enjoy the ride but may be a bit rich now...

[Midas1]

Hi .good to see small cap doing ok..bought some impala 51.10 , think they have way up to go..

[Polly]

nice little trading update from Rolfes...one of the better smaller caps..

C Seabrooke has been buying this like going out of fashion....Think he has pegged the price at +2.50

[Polly]

nice little trading update from Rolfes...one of the better smaller caps..

[Midas1]

.looking shares to trade cfds to go long on next week. sasol shoprite may take upswing? They releasing mon Tuesday

[Lionelza1]

 

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...

 

hey P

 

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

[Midas1]

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

[Polly]

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, 23 February 2019 - 12:56 PM.

[Polly]

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...

[Polly]

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.

 

 

 

[Polly]

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

[Midas1]

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

[Midas1]

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..

[Polly]

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...

[Midas1]

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

[Polly]

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

[Polly]

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...

[nosh]

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?

[Polly]

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

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