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Just take note, he bought futures not stock. 

In noob language, he's trading not investing.

In plain language, he expects a spike up (he went long) - but he will dump them very quickly when whatever he knows/expects becomes public.

Quick in and out, not long term.

Because he chooses futures, I'm pretty convinced he is very sure of his move.

SNH is now down by around 15% from where Wiese put in his long futures..... this must be costing him money?

doesn't look like the market has much confidence in the SNH SENS 

anybody know what the SNH SENS this afternoon means in noob language?


"DEALING IN SECURITIES BY A DIRECTOR

 NAME OF DIRECTOR                           :   Christoffel Hendrik Wiese

 STATUS                                     :   Supervisory Board Director

 COMPANY                                    :   Steinhoff International Holdings NV

 TYPE OF SECURITIES                         :   Single Stock Futures

 DATE OF TRANSACTION                        :   3 November 2017

 CURRENCY                                   :   ZAR

 CENTS PER SHARE                            :   6146,394

 NUMBER OF SECURITIES TRANSACTED            :   20,000 contracts representing
 
                                                                           2,000,000 ordinary shares

 NATURE OF TRANSACTION                      :   Purchase of shares on market

 NATURE AND EXTENT OF DIRECTOR'S            :   Indirect beneficial
 INTEREST IN THE TRANSACTION                                             
 
 CONFIRMATION THAT CLEARANCE HAS            :   Yes
 BEEN GOVEN FOR THE TRADE                                               
 
 DATE OF CONFIRMATION                       :   3 November 2017"

SENS doesn't look too bad?

WTF SNH?

Goldman downgrades SNH from Neutral to Sell with target price reduced from €4.90 to €3.80
I could kick myself.

I hope they're wrong 

Could AVV (ALVIVA) perhaps be added to the list of shares we can buy please?

Some more info .. (who knows, maybe not so 'bad' afterall?)

Shoprite and the African operations of Steinhoff are to be merged into a new group called Retail Africa, major shareholders of both retailers Christo Wiese and the Public Investment Corporation (PIC) announced on Wednesday.

The deal will result in Shoprite acquiring Steinhoff’s clothing chains which include Pep, Ackermans, Shoe City and Tekkie Town in exchange for shares.

Shoprite will also buy the furniture and appliance retailers that Steinhoff owns via JD Group. These include Russells, Bradlows, Rochester, Incredible Connection, Hi-fi Corporation and Sleepmasters.

Furthermore, Shoprite will acquire Steinhoff’s hardware chains Buco, Pennypinchers, Timbercity and Hardware Warehouse.

Retail Africa would be the continent’s largest retailer with an annual turnover of R200bn, employing 186,000 people, it was noted in Wednesday’s statement said.

Steinhoff proposes to acquire Wiese’s Shoprite shares, held in a company called Titan, and those of the PIC in exchange for Steinhoff shares at a ratio still to be agreed.

The deal is likely to trigger a mandatory offer to Shoprite shareholders who will be offered Steinhoff shares at the same ratio as Wiese and the PIC will receive.

The share price of the target company, Shoprite, jumped 3.2% to R199 while Steinhoff’s fell 5.5% to R71.83 after the announcement.

" It is expected that the proposed transaction will further enhance Retail Africa’s position as an employer of choice and it is also anticipated that the proposed transaction will not result in any job losses. The combined group’s growth plans could lead to future job creation in various countries," the statement read.

I see SHP is now also seriously down