Long
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.