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Steinhoff New clean thread.....


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#1 Lionelza1

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Posted Today, 07:46 AM

Haha so your hero CW is classified stupid in your books. The more you talk the more one gets to know how little you actually know!!!

 

you seem to always question knowledge or lack thereof.......or how little one knows

 

you defeded MJ in the beginning, now you talk about him going to prison

 

you defended fraud and called it accounting irregularities as per newspaper reports....now you call it fraud

 

and funny enough....you are now calling this a ponzi scheme

 

you throw out mind boggling figures that changes consistently and imo worth ****

 

 

why dont you shut ur arse and question YOUR lack of knowledge, instead of attacking the one person that is actually being helpfull to us newbies!!!


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#2 DayTraderDad

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Posted Yesterday, 09:17 PM

Lional and Larry...
 
remember the sole purpose of the market is to redistribute wealth from the stupid and inexperienced players to the clever experienced unemotional players!!!
 
Happens over and over again.....


Haha so your hero CW is classified stupid in your books. The more you talk the more one gets to know how little you actually know!!!
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#3 Lionelza1

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Posted Yesterday, 06:25 PM

Lol too much money to keep next to my balls but I get the humor :D

Yea was doing some calculations and I do not see it as worth the risk, if I do add then I'll be talking like the other guys... Highly invested in snh!

Oh well, guess money tied up till it swings around.... If it ever happens!!

Thanks for the offer to help
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#4 Polly

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Posted Yesterday, 03:57 PM

Lional and Larry...

 

remember the sole purpose of the market is to redistribute wealth from the stupid and inexperienced players to the clever experienced unemotional players!!!

 

Happens over and over again.....


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#5 DayTraderDad

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Posted Yesterday, 03:09 PM

polly021@hotmail.com


YIPPY YIPPY BIG PARTY TONITE GOOD RIDENS POLLY NEVER SEEN SUCH ARROGANT PERSON!!!!
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#6 Polly

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Posted Yesterday, 03:03 PM

PS Lionel ive done with this forum...spending my time more effectively elsewhere...

 

 

if you need info on anything ill post me email to your messenger,,,,,contact via email and ill help...

polly021@hotmail.com


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#7 Midas1

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Posted Yesterday, 03:02 PM

Lionel why do you want to add to the MPS??
Did you ever make money trading this?

Whats is the low im expecting i posted on my chart last week???

You not following mate....

1.Everything positive for this share is/was priced in......in that R2.10 it was before the 2017 afs was released.. actual value of share is zero...Mr market being generous as he prices in certain things die to happen

2. No audit opinion.........smacked

3. Now luv blah blah agreement...priced in as agreement will be singed...in other words would rally if signed...but if not agreed, smacking time again.

4. Audited 2018afs....priced in again as all were be released on time with clean audit opinion... IF met priced in..IF not smacked again towards 0

This share got nothing, absolutely nothing going for it to warrant being invested....forget adding which you want to do..
Dont fall for the con on other thread about restructuring blah blah...whatever restructuring being done is done with sole purpose to keep the company surviving/alive from cash flow point of view and not to improve future income/profit stream. The company is int he hands of its creditors...and now the claimants joining in...Besides pepkor all other divisions will be loss making.,,and we know who has the true rights over PEP and Tekkie...

MR Market is speaking....Share will continue to go south ..No more band aid is going save this fake Thoroughbred.. matter fo time.. I give it 8 months as of today....


So if i were in your position , i will either sit with existing position and hope for best ( ie not add and wrote of my investment to zero now)) or sell at a loss and use capital elsewhere where shares over better value than this MPS!!!

But to add now will be suicidal...keep your money in your pocket mate right next to your balls...safer.. :D


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#8 Polly

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Posted Yesterday, 03:00 PM

PS Lionel ive done with this forum...spending my time more effectively elsewhere...

 

 

if you need info on anything ill post me email to your messenger,,,,,contact via email and ill help...


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#9 Polly

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Posted Yesterday, 02:56 PM

Understand your logic.
I have to buy more to also get my average down. Once done I’ll have more control over my decisions.

Could make good profit with positive 2019 results. It is taking a lot longer than most of us anticipated when we got onboard but valuable lessons learned so far

L you really think 2019 will be good profit??  You being too much influenced elsewhere where numbers flying around like the company is trading at R50.00 a a share value...and most of those posters dont even know about accounting entries...eish!!


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#10 Polly

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Posted Yesterday, 02:53 PM

Lionel why do you want to add to the MPS??

Did you ever make money trading this?

 

Whats is the low im expecting i posted on my chart last week???

 

You not following mate....

 

1.Everything positive for this share is/was  priced in......in that R2.10 it was before the 2017 afs was released.. actual value of share is zero...Mr market being generous as he prices in certain things die to happen

 

2. No audit opinion.........smacked

 

3. Now luv blah blah agreement...priced in as agreement will be singed...in other words would rally if signed...but if not agreed, smacking time again.

 

4. Audited 2018afs....priced in again as all were be released on time with clean audit opinion... IF met  priced in..IF not smacked again towards 0

 

This share got nothing, absolutely nothing going for it to warrant being invested....forget adding which you want to do..

Dont fall for the con on other thread about restructuring blah blah...whatever restructuring  being done is  done with sole purpose to keep the company surviving/alive from cash flow point of view and not to improve future income/profit stream. The company is int he hands of its creditors...and now the claimants joining in...Besides pepkor all other divisions will be loss making.,,and we know who has the true rights over PEP and Tekkie...

 

MR Market is speaking....Share will continue to go south ..No more band aid is going save this fake Thoroughbred..  matter fo time.. I give it 8 months as of today....

 

 

So if i were in your position , i will either sit with existing position and hope for best  ( ie not add and wrote of my investment to zero now))  or sell at a loss and use capital elsewhere where shares over better value than this MPS!!!

 

But to add now will be suicidal...keep your money in your pocket mate right next to your balls...safer.. :D


Edited by Polly, Yesterday, 02:58 PM.

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#11 LarryK

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Posted Yesterday, 08:07 AM

Understand your logic.
I have to buy more to also get my average down. Once done I’ll have more control over my decisions.

Could make good profit with positive 2019 results. It is taking a lot longer than most of us anticipated when we got onboard but valuable lessons learned so far
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#12 Lionelza1

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Posted Yesterday, 06:28 AM

yea  24 May 4pm sa time and a friday!!, we have seen share rise on monday/tuesday last week, could that be inside info w.r.t news 24 may?

 

if the news is positive this friday and there is a up, assuming we do get an announcement, such is the downward pressure on this share, 3 weeks for afs 2018 is a long time to wipe out most of the gains if any.

 

tough call for me as well, the more i add to this share, the more challenging it gets to maintain share avg to current value share price

 

for me i still intend to get out, i should've last time...got too greedy!!! wont make that mistake again.....market keeps moerin this share everytime theres a upswing and still too much uncertainty as Polly mentioned......my plan anywayz


Edited by Lionelza1, Yesterday, 06:31 AM.

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#13 LarryK

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Posted Yesterday, 01:26 AM

If cva is sorted by 24 May we should see a rise, if not we could be in some more pain.
Tough one to call! I’ll consider buying under R1,40
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#14 LarryK

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Posted Yesterday, 01:11 AM

I think the 2018 AFS will add more pressure onto share price. The Cva delay is obviously a big concern

Cva needs to be sorted and we need a positive H1 2019 for the share to start recovery
On a positive note it was good to see a few days of high volumes.

If Cva is not sorted, with delays, we will probably drop below R1,40 otherwise it’s held up quite well imho
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#15 Lionelza1

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Posted 20 May 2019 - 06:51 PM

this company needs a serious game changer for the market to turn this downward trend around, will afs 2018 do it? afs 2019? afs 2020?, afs 2025?, cva/lua agreement? cw dropping his lawsuit? veb out of court settlement?

 

even cw is calling this a "major ponzi scheme"

 

https://www.timesliv...-his-biography/

 

"Once I knew exactly what [former Steinhoff CEO Markus] Jooste was doing, I saw the fraud in the finest details," said Wiese.

"When I saw what he had done was build a major ponzi scheme I wrote the cheque for R59bn and put it in."


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#16 Lionelza1

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Posted 20 May 2019 - 04:24 PM

What's your thoughts?
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#17 Lionelza1

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Posted 20 May 2019 - 03:58 PM

You would've thought 2017 afs would be priced in before release, I doubt anybody sitting with snh shares would've expected an "OK" afs? instead market knocked 40% off the share price when it was released. If the sell was a overreaction, we would've seen a recovery, this seemingly is not happening.

Is 2018 priced in at current value of R1. 50? Who knows hey

I do not have a target price, will make a decision as and when things happen. My Current avg R1. 80, if it goes up then cool I do not need to add.... And if it drops further.... That R1. 00 is not looking unrealistic

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#18 LarryK

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Posted 20 May 2019 - 03:05 PM

What’s your target? I’m about to buy some more too
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#19 Lionelza1

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Posted 20 May 2019 - 06:29 AM

much has been done since the crash of this share 2017, much has been revealed, management has changed, "experts" have been brought in.....yet share price is sitting on R1.50 and continues to decline?....what gives on this PS?

 

Friday and Steinhoff....might add some today but still 2 weeks left for news that could possibly pump, and possibly dump ....perhaps practice patience, and judging from market trend if you are patient, you should be able to buy LOW, i cannot use the word cheap....what is cheap? 20c?

 

Yo P where u at?

https://www.sharenet...eq=71&scode=SNH

 

so much for 2 weeks to go, yet another delay to the cva by a month? yea hopefully......this could possibly delay afs 2018, more than likely

 

lowest this share price hit was R1.07 since the "crash"?....seems to be finding new lows since peak at R3.86 6mnths or so ago (concerning part is significant progress has been made by steinhoff yet Mr Market continues to dump)....current price R1.50 and dropping?

 

time to see markets reaction....i am guessing the suck suck then the spit! as Polly mentioned....does this market ever swallow? :D

 

practing patience before i buy in again.....and buying in to lower avg to get out!


Edited by Lionelza1, 20 May 2019 - 06:32 AM.

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#20 Lionelza1

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Posted 17 May 2019 - 06:52 AM

much has been done since the crash of this share 2017, much has been revealed, management has changed, "experts" have been brought in.....yet share price is sitting on R1.50 and continues to decline?....what gives on this PS?

 

Friday and Steinhoff....might add some today but still 2 weeks left for news that could possibly pump, and possibly dump ....perhaps practice patience, and judging from market trend if you are patient, you should be able to buy LOW, i cannot use the word cheap....what is cheap? 20c?

 

Yo P where u at?


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