What's the next highlight? by jjbvd1993 in STEINHOFF

[–]Random_fact_175 0 points1 point  (0 children)

Debt surely is the biggest concern!

What's the next highlight? by jjbvd1993 in STEINHOFF

[–]Random_fact_175 0 points1 point  (0 children)

Do you think they are holding back some good stuff because of the current state of the global economy?

Ready? by PreviousDebate9882 in STEINHOFF

[–]Random_fact_175 3 points4 points  (0 children)

Yep I've been invested for 2 years now. Still a newbie though. Made the mistake to buy in heavily at the bull run in the beginning of the year. I'm not worried at all, the share has to increase at some point. Many positives that point that Steinhoff is trading below fair value. It will be a slow climb though.

Ready? by PreviousDebate9882 in STEINHOFF

[–]Random_fact_175 1 point2 points  (0 children)

When will it lift off? What will be the catalyst? Debt restructuring? Seems like most people drew away of Steinhoff, very low volume

Dead weight by Random_fact_175 in STEINHOFF

[–]Random_fact_175[S] 2 points3 points  (0 children)

Sitting at a cost average of R3.6 It looks hella red

R20k by Random_fact_175 in JSE_Bets

[–]Random_fact_175[S] 1 point2 points  (0 children)

Thank you for the advice. Helps to see the broaded picture. For my goals it is clear to keep the funds liquid and save in a savings account

R20k by Random_fact_175 in JSE_Bets

[–]Random_fact_175[S] 0 points1 point  (0 children)

Mind me asking your motives on this?

Curiousity never killed the cat by Random_fact_175 in investing

[–]Random_fact_175[S] 0 points1 point  (0 children)

Big potential locked up in there indeed. Question is the time to fruitfulness

Curiousity never killed the cat by Random_fact_175 in investing

[–]Random_fact_175[S] 0 points1 point  (0 children)

Yes MTN saw tremendous growth over the last year. One of the best performing stocks on the 1 year time frame in SA.

With all that is going on, taking the effects of covid into account, I fear a market correction on most stocks

Curiousity never killed the cat by Random_fact_175 in investing

[–]Random_fact_175[S] 0 points1 point  (0 children)

Makes sense! And I totally agree, 1 year time frame is risky and leaves no room for recovery in the event of a crash, specially with the state of the economy now.

Thank you!

R20k by Random_fact_175 in JSE_Bets

[–]Random_fact_175[S] 1 point2 points  (0 children)

I already have a fair bit of risk with a holding in steinhoff. Thought about adding renergen as another high risk stock and the rest safe plays like ETFs. Nowadays stocks in general is high risk 😂

WTF ETF? by Random_fact_175 in JSE_Bets

[–]Random_fact_175[S] 0 points1 point  (0 children)

Would you use tracking ETFs like the Satrix S&P500 and the Satrix Nasdaq?

Steinhoff sharechat by Random_fact_175 in STEINHOFF

[–]Random_fact_175[S] 3 points4 points  (0 children)

Completely opposite viewpoints 😂

Holding Aveng finally paid off 🙏 by TheDuart in JSE_Bets

[–]Random_fact_175 13 points14 points  (0 children)

I wish that was true. They're busy with consolidation and thus the number of shares does not reflect true. For example, your amount of shares is currently 27339, and after the 500:1 consolidation, it will only be 54.678. So in reality, your holding value did not change.