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.
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.
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