Last week the first (unaudited) report from Steinhoff was released and showed good results (company growth more than 3 %) which is really good result because Steinhoff had really hard trading conditions in 2018 after manipulating the last yearly report.
The company is in a good position and I see no reason why business should not continue here in the future. Most of the management board has been replaced and the most important shareholders are still on board. I bought 10,000 shares after the outbreak at 0.105 and hold them until at least the publication of the audit report. In my opinion, Steinhoff is currently heavily undervalued, I see a fair valuation at 1.10 to 1.20. Big investors will buy in at latest after releasing the official and audited reports for 2017/2018.
RSI´s are near support and looking for reversal.
short term targets: 0,17 & 0,23
long term targets: 0,35 & 0,56 & 1,10
Don´t miss this opportunity :) With small money you can make good returns of invest in long term view.
The company is in a good position and I see no reason why business should not continue here in the future. Most of the management board has been replaced and the most important shareholders are still on board. I bought 10,000 shares after the outbreak at 0.105 and hold them until at least the publication of the audit report. In my opinion, Steinhoff is currently heavily undervalued, I see a fair valuation at 1.10 to 1.20. Big investors will buy in at latest after releasing the official and audited reports for 2017/2018.
RSI´s are near support and looking for reversal.
short term targets: 0,17 & 0,23
long term targets: 0,35 & 0,56 & 1,10
Don´t miss this opportunity :) With small money you can make good returns of invest in long term view.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.