For all the Steinhoff holders.
Yesterday, I had a look at my "What's-going-on-here-index?" It's actually my momentum indicator, and has always been my "go-to" signal that something is up with a share. (See table attached)
I could understand that Sibanye and DRD had such high momentum figures, with the Gold price and the weak Rand playing in their favor. Even BTI is showing some upwards momentum because it is a defensive stock in this part of the cycle, but to see Steinhoff with a figure that even surpasses all the Gold shares? That is not a value I expected and my gut says something is up here. That is a boatload of momentum!
Who knows......... maybe some people had a sneak peek at their financials, or maybe a couple of figures got written on a tissue and did not get sneezed upon.....
Just leaving it out there...
Edited by Pilotpilot, 24 April 2020 - 04:06 AM.