What's the point of an opinion now? What do you want to know? It's just a penny stock, because they committed balance sheet fraud, sold off heavily, had to sell off business areas, and were thus folded up. And currently they are still making heavy losses. Nobody here can tell you whether and how they will recover. Pure gambling from my point of view.
🤯 Really? Steinhoff? +40% and top 3 among the most traded stocks in the community?
📊 Maybe things are not so bad anymore for the company, which has become known in the media mainly due to an accounting fraud scandal? After all, sales in the last 9 months are 15% higher than in the previous year, but this is also due to the poor figures of the previous year because of the lockdown.
🚀 But the figures are certainly not the reason for the jump in the share price. The stock market is expecting a positive outcome in the vote on settlement packages on September 03 and 06. Should an agreement be reached with investors here, this would take some pressure off the Steinhoff share.
🤓 I personally don't think much of such "gambles" but like to enjoy the show with a bag of popcorn on the sidelines. 🍿
😉 But what about you guys? Are you guys in on Steinhoff?
Am invested there myself! Bought it at the end of December last year, for about 0.063€! Have now already made +230%! But have not really invested much, just some "play money". Let's see where the journey still goes👀
