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Up, up and away...

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Contributor
Wow. Can this carry on much longer. Good luck to those that have. I'm out for now. Profits made and wait for a pull-back.
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15 REPLIES 15
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Not applicable
I somehow don't think you will get a pullback. It is currently only on a PE of 9, way below what some other retail sectors operate at. Now if you consider that UK growth forecasts have shot up from 0.6% to 1.6%, and other major EU markets are likely to follow suite - with the rand continuing on its downward slump, steinhoff is sitting in its perfect storm scenario.
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Contributor
Thanks Skaaptjop. I believe it will do well; it was fortunately one of my first buys and a large part of my portfolio, close to 50%. I was lucky and bought in May. I had to reshuffle my risks. I still hold some but brought it back into ratio with other holdings.
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Super Contributor
it has had or is having its storm scenario, since 12 August 2013...and was trading below the 200 EMA even with PE of 6.21(JUNE results)...so it will pull back...if the trend is maintained on the pullback, then time to get back in...patience
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Contributor
Cheers rams ... Got Cash, will wait!
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Super Contributor
According to Ferengi Rules of Acquisition no.97 it should tap 40.
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Super Contributor
Anyhoo, there is no compelling reason to sell.
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Not applicable
you called it at R40 a share several months ago - Kudos
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you called it at R40 a share several months ago - Kudos
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Contributor
Brilliant!!! . . LOL . . enough is never enough
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Super Contributor
Revised to 43,check who owns pref shares, , quality comp.
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Super Contributor
Well, maybe it's time to pucker up und wait for ze pullback.
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Contributor
Starting a slow clap for the R40
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Super Contributor
No close above 40 , so , i guess it's going to the dogs again. It is all those troubles in europe 6 months ago and the rand so strong that is finally hitting home, :)
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Contributor
slowly moving up again....
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New Contributor
Hex are you still waiting or regretting?
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