Now what? This share has been punter by all and subdry since it reahed highs of R59. We have had the massive drop by R7 for the ABB and now SHF misses earnings. Is this a perfect example of too much hype and good news around a share. Remember ABiL been punted at R7.
Well ABL had Ellerines - SHF has JD Group, ABL was a darling of the market, SHF is the darling, Everyone punted ABL at R7 as a buy, Everyone punting SHF a but at R52/R53. Both missed earnings. Do you see the pattern?
I don't really see the comparison. ABL is a bank that ventured into furniture. Steinhoff sells furniture and has JDG that sells furniture. If anything the fact that JDG is getting rid of their finance division is a return to its core operations. As for being a darling of the market and missing earnings, I could think of a whole list of companies who have missed earnings at one point or another.