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SHF

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Regular Contributor
What is going on with this share? Down 16% in 6 weeks - I understand the advance book build at R52 - is this another Ad***** Ingram? - Do you hold or just take the pain and get out - really cant see this one getting back to R60 -
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11 REPLIES 11
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Regular Contributor
Depends on your strategy. I currently hold and intend to hold for long.
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Super Contributor
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Regular Contributor
Vince my strategy was/is to hold the share until after the listing on the DAX and selling the stock out in the mid 60s This was a short term trade - for almost 3-6 months. I am just worried that SHF might be looking at buying Ellerines. Dont/hope they do it.
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Contributor
This is very painfull, i bought at 56 and sold at 50
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Valued Contributor
it concerns around europe .. german and french gdp were not exicting
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Contributor
Rand not helping either.
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Regular Contributor
DJW, SHF, share has really rallied in the last few months and with rights issue, there is no way that the share price will hit R60 in the 3 month period. A lot of companies that raise money through a rights issue, showned a fall below the rights price and then starts inceasing over time. Steinhoff to release their results soon and expected earnings may decrease and also with a strenghthening will contribute, I dont think it will hit R60 soon. In the Long term though (3 - 5) years, I see SHF surpassing R100, on condition they turnaround JD Group.
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Regular Contributor
Stengthening of rand
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Regular Contributor
Vince many thanks for your insights. I will probably end up holding the share for the long term. The ABB really caught me by surprise but this is also the 1st time I have been involved in a share that will list on an alternative exchange
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Good time to buy a very good quality share.
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yesterdays selloff is what I call an exhaustion move - I trade those. If I wasn't already in an SHF trade, I would take that up in a heartbeat.
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