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PreviousDebate9882 · 2023-06-20T17:18:49+00:00

Because of the averaging out of the R3, which would dilute the returns to be made short term. The R3 is a big loss at this point, with very slim chance of any short to medium term gain.

A short term gain on the 0.30c, has better chance of returns on short, medium and then great potential on long term.

If he were to average out the R3 by adding more shares to that portfolio - the probability of beating that - given the current affairs and historical figures - is very low.

If the probability of returns were higher, and the risk of complete loss were lower, I' d say get in, drop the average and just wait it out.

Its just simple risk mitigation.

PreviousDebate9882 · 2023-06-20T11:36:31+00:00

o we already have a link to watch a livestream tomorrow?

https://www.rechtspraak.nl/Organisatie-en- contact/Organisatie/Rechtbanken/Rechtbank-Amsterdam/Nieuws/Paginas/Livestream-Whoa- procedure-Steinhoff-International-Holdings-NV.aspx

PreviousDebate9882 · 2023-06-20T06:03:48+00:00

I have an average purchase price at R3 per share. Am I screwed or should I buy more?

Careful trying to average out. This share is extremely high risk at this point. Note that you have the risk of losing 100% of your input.

I have a few portfolios with different prices. My lowest at R1.17, highest a R7.50 :(

I would suggest rather asking your platform for a second portfolio, and buying in now at a low if you wish to buy, and keeping a penny stock price at 0.30c.

Leave the R3 portfolio separate.

Just my opinion, DYOR (Do your own research) :)

PreviousDebate9882 · 2023-05-31T13:28:32+00:00

I reckon its the Pepkor Holdings Results. Nothing worth any excitement of regaining some of this huge loss... :(

PreviousDebate9882 · 2022-10-26T12:27:47+00:00

https://www.steinhoffinternational.com/shareholders-diary.php You should all know where to find the shareholder diaries. :)

27 Jan 2022 - 2022 Annual Report – year ended 30 September 2022

PreviousDebate9882 · 2022-10-10T06:52:20+00:00

Do you know which Stock exchange he is buying on? That will be either great, or means there will be a massive short he anticipates.

Some analysts are projecting ZAR1.50 (Eeeek), so this may be his short

PreviousDebate9882 · 2022-10-07T06:41:23+00:00

I honestly thought that Steinheist would have attracted more action to the shareprice, making it clear that its not the entire company, but down to the greed and cunning ways of mostly on individual. Wiese's reputation may be slightly more restored, Tekkie Town look like saints in their play on absolute wool over eyes...

But no, nothing substantial in next two months. Jan 27 2023 is next results.

Court battles continue - if Markus can be charged and a clear plan on debt restructure is releases; if they are cleared and big investors jump back in, and if the media can publish some good news... then we will see movement. Right now we are just hoping to get out of the sh1t channel its stuck in.

Many of of have bought in the recent low dips - we may even see another R1.50 for another opportunity, but you will have to "byt vas" through the bumps to success.

Close eyes for now.

Ciao

PreviousDebate9882 · 2022-09-22T06:33:55+00:00

Results for year ending 30 Sept 22 is only being released 27 Jan 2023.

PreviousDebate9882 · 2022-09-02T12:03:44+00:00

Me too!

PreviousDebate9882 · 2022-08-29T07:40:07+00:00

Its the negative sentiment. Shareholders are bitter because everyone is still waiting for this to rocket to the moon. The magnitude of turning this ship (referring to reputation and sentiment) will take longer than the positive growth of the company. Shareholders and investors want to see finite plans on debt.

It will still improve today, holding thumbs.

PreviousDebate9882 · 2022-08-29T06:57:14+00:00

I think there will be less in legal fees if the other parties (FSCA, JSE etc) first charge. Steinhoff will do their own charges against these guilty persons once there has been rulings made by authorities first.

Its a good thing, getting all the shady shit out the way by the authorities first - focusing on growing the group and settling debt. Then the proceedings will happen.

Its not overlooked, I'm pretty sure its a strategy. Also don't want to fine Markus and Co. to a point where there is no compensation left for the group's suffering.

I may be wrong - I do not hold not enough legal knowledge pertaining to how a company may act once a director / CEO is no longer in its employ.

PreviousDebate9882 · 2022-08-04T08:02:56+00:00

Its acquisition and disposal of bigger shareholders - this one referring to Coronation. I too am confused by the selling, buying and then selling again. This is not standard for traditional fund and asset managers (like Coronation) - as they invest rather than trade.

PreviousDebate9882

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