Trading Idea - #Steinhoff - The Gambling!
HIGH RISK TRADE!
BUY!
Entry:0.2288 EUR
Target: 2.7976 EUR (+1100% profit)
Stop: 0.0794 EUR
Steinhoff International Holdings N.V. specializes in the retail trade.Sales are distributed among the various business segments as follows:
- Retail (97.9%);
- Financial services (1.8%);
- Other (0.3%).
The geographic distribution of sales is as follows: South Africa (37.3%), Africa (7%), United Kingdom (19%), Poland (11.1%), Europe (16.5%) and Australasia (9.1%).
Number of employees : 91 519 people.
- South African retail group Steinhoff reported on Friday a 15% increase in sales for the nine-months ended June 30, as COVID-19 lockdown restrictions reduced throughout the period across its markets.
- Steinhoff has been restructuring its operations since revealing accounting fraud in 2017, selling off assets and paying off debt.
- A big hurdle to overcome is settlement of lawsuit claims from shareholders and investors, which it hopes will be approved in September at a creditors meeting.
BUY!
Entry:0.2288 EUR
Target: 2.7976 EUR (+1100% profit)
Stop: 0.0794 EUR
Steinhoff International Holdings N.V. specializes in the retail trade.Sales are distributed among the various business segments as follows:
- Retail (97.9%);
- Financial services (1.8%);
- Other (0.3%).
The geographic distribution of sales is as follows: South Africa (37.3%), Africa (7%), United Kingdom (19%), Poland (11.1%), Europe (16.5%) and Australasia (9.1%).
Number of employees : 91 519 people.
- South African retail group Steinhoff reported on Friday a 15% increase in sales for the nine-months ended June 30, as COVID-19 lockdown restrictions reduced throughout the period across its markets.
- Steinhoff has been restructuring its operations since revealing accounting fraud in 2017, selling off assets and paying off debt.
- A big hurdle to overcome is settlement of lawsuit claims from shareholders and investors, which it hopes will be approved in September at a creditors meeting.
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