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#221 Investment novice

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Posted 27 September 2018 - 10:23 AM

"The senior management team is highly qualified, and includes 80 MBAs, 16 Chartered Accountants, 25 Engineers and numerous university graduates." Which retailer do you think this refers to?

eish- more crooks to manipulate the books.

I am bull on this share


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#222 Polly

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Posted 27 September 2018 - 10:09 AM

"The senior management team is highly qualified, and includes 80 MBAs, 16 Chartered Accountants, 25 Engineers and numerous university graduates." Which retailer do you think this refers to?


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#223 andi222

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Posted 27 September 2018 - 09:58 AM

As mentioned in my previous post. Choppies had issues to finish their financials the last 2 years. 

For whatever reason that might be. Up to date no adjustments have been disclosed.

It's a business where you can see the products and most of the business processes should be non-complex. They sell tangible goods. 

At 50 cents this is a bargain. People (Big Investors) paid 5 rand just 2 years ago for this share. In these 2 years they have opened numerous new stores and expanded into other african countries. With the rising population I see good value in this company. Especially at 50 cents. However this is just my opinion and we will have to wait and see what will happen once they have released their results. But I think the worst is priced in already.


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#224 leo

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Posted 27 September 2018 - 09:08 AM

https://www.business...-not-chop-chop/


Seems like a lot of risk. Too much.

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#225 Ms Jet

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Posted 26 September 2018 - 09:03 PM

https://www.business...-not-chop-chop/
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#226 Polly

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Posted 26 September 2018 - 08:29 PM

Dividend i think she means and excuse my french but can steinhoff groupies not f around with trading this share

 

With all due respect, i was only trying to warn newbies not to rush in but wait for retracement. Obviously  you  misunderstood what i was trying to say and thought about it as a joke..Typical Steinhoff newbie..

 

Investing is not about jokes ..Get serious

 

Maybe you right...dont infest this thread....


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#227 JK001

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Posted 26 September 2018 - 06:23 PM

Dividend i think she means and excuse my french but can steinhoff groupies not f around with trading this share

:D :lol: :D :lol: :D


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#228 Ms Jet

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Posted 26 September 2018 - 06:11 PM

I have never claimed to be an expert so up to yourselves.. i quote ,,,."The share price had dropped because they have not released their financial results on time.
And their net profit is said to have dropped drastically.it seems there are similarities in the steinhoff saga .its likely that they may try and sell off some assets . zim is only part of their problem .
They still havent published results from their financial yr end in june . dont buy !
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#229 Polly

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Posted 26 September 2018 - 06:06 PM

Im not going in on this...spoke someone in the know and they said dont ! Im taking their opinion thats all i can say

 yeah go buy steinhoff lol


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#230 Ms Jet

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Posted 26 September 2018 - 06:05 PM

Im not going in on this...spoke someone in the know and they said dont ! Im taking their opinion thats all i can say
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#231 andi222

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Posted 26 September 2018 - 04:41 PM

So I think the auditor had some findings which have not yet been finalized. In my opinion no adjustment will be posted, same as in the interim period. No issues where found in the interim period and thus im confident that we will soon see the R1 by end of October.  I would say everything below 60 cents is still a great buy as this is a 90% discount to the all time high.


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#232 Polly

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Posted 26 September 2018 - 01:02 PM

Polly, what do you base this on - fundamentals or technicals? Personally I have followed this company a long time, and unless there is a massive fraud/restatement of results or something we do not know about, this could be a huge opportunity. Cannot see Zim problem justifying price movement. Anyway, upped my position yesterday at 40c, but massively underwater on total position. Will hold until have the facts. 

 

Could be completely wrong, but just dont see another Steinhoff here.  I pray it not another Steinhoff.

3 day retracement after sell off

 

sell off followed by 3 day recovery.....normally day 4 back down.....thats when u buy....

 

not saying its gona go down big...just saying if u want to go in dont chase above 50c


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#233 andi222

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Posted 26 September 2018 - 01:02 PM

Did you ride it Andi ? I see its up 30% up

 

Haha nope, I will see where this share is going. I'm expecting a dividend so might even keep it till end of October. But if I hit my 50% I might sell half of the shares.

 

But for now let's see where this is going. Time will tell. 


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#234 Ms Jet

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Posted 26 September 2018 - 12:43 PM

Dividend i think she means and excuse my french but can steinhoff groupies not f around with trading this share 😂
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#235 DividendTycoon

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Posted 26 September 2018 - 12:38 PM

Steinhoff pumpers please dotnt chase this share now....will retrace back below 50c in next few days or early next week...

 

Polly, what do you base this on - fundamentals or technicals? Personally I have followed this company a long time, and unless there is a massive fraud/restatement of results or something we do not know about, this could be a huge opportunity. Cannot see Zim problem justifying price movement. Anyway, upped my position yesterday at 40c, but massively underwater on total position. Will hold until have the facts. 

 

Could be completely wrong, but just dont see another Steinhoff here.  I pray it not another Steinhoff.


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#236 Polly

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Posted 26 September 2018 - 12:08 PM

Steinhoff pumpers please dotnt chase this share now....will retrace back below 50c in next few days or early next week...


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#237 SB45

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Posted 26 September 2018 - 12:05 PM

Did you ride it Andi ? I see its up 30% up
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#238 andi222

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Posted 26 September 2018 - 11:39 AM

I looked at their SENS announcements for the last three years. 

 

Last year they where late as well. See SENS on 29 September 2017. They subsequently issued the financials on 5 October 2017. No share crash

 

Interim financial statements where delayed as well. With the comment that auditors are not happy yet. Subsequently results where issued a few days later with no adjustments by the auditor. No share crash

 

This year same story but the share price crashed completely. . . I think the Steinhoff story is in the back of SH heads and they getting scared.

 

But let's see where this share is going. Next 15 days will be interesting haha


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#239 andi222

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Posted 26 September 2018 - 11:09 AM

definite buy in my books below 50c..once in a lifetime as they say!

 

Zim seems to be the problem area...dont know how many stores there

 

Yeah they have a dispute with some owners in ZIM who are claiming they have 51% shareholding in some Company but Choppies is saying they only hold 7%. So no idea whats going on there. Will try to find more information on it. I think ZIM is not their biggest market. So I'm not too concerned. 

 

I defs agree with you that below 50 cents its a bargain. I bought 250k shares this morning. Hopefully they will rise today as we go.


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#240 Polly

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Posted 26 September 2018 - 10:54 AM

Yes true, but if I look at the audited interim financials they looked great. And in my opinion they sell groceries and things you can see, It's hard to fudge things here. The only thing that could hit hard is a once off fine or impairment or other once off item. Doubt that it would have a going concern issue? Don't you think the market just overreacted hard because they saw what happened to Steinhoff Polly?

definite buy in my books below 50c..once in a lifetime as they say!

 

Zim seems to be the problem area...dont know how many stores there


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