Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

Steinhoff

Reply
Regular Contributor
What is it with this share - everyone rates it but all it does is drop in price. Is it time to get rid of this rubbish? Brought at the book build of R88 and just have watched Christo Wiese and co destroy the share.
0 Kudos
Reply
5 REPLIES 5
Super Contributor
Never could understand this one so kept well away. Smoke and mirrors?
0 Kudos
Reply
Highlighted
Super Contributor
SNH (Germany) is down 3.1% . DB cut SNH forecast from 5.50 Euros to 4.95 Euro.
0 Kudos
Reply
Super Contributor
one of the top 100 share to watch for in 2017. According to bloomberg
0 Kudos
Reply
Not applicable
quality balance sheet, 40% increase in revenues, mostly offshore and you are buying into the kings of African deal making (Christo Wiese and Marius Jooste). You are getting a top end retailer for a PE of 15, which is pretty low for the retail space. Taking a bit of a beating right now because of the lack of clarity around the Shoprite deal, but once Shoprite is added to the portfolio, you will see the market cap increase massively again. Trading this, sure, it isn't time for a long, but as an investor, I think Steinhof is a no brainer
0 Kudos
Reply
rosszar
Contributor
Can somebody clarify - will SHP remain listed in the long term or be swallowed completely by Steinhoff?
0 Kudos
Reply