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Steinhoff


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#1 DeltaHedge

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Posted Yesterday, 11:35 PM

Eish, now I'm on edge again...levelled off at 31% for a while and then a sudden drop down to 17.8% on closing.

 

 

Ya thats poes, how the **** does tradegate work ? how can it be open until 10pm?


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#2 Leadingedge

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Posted Yesterday, 11:16 PM

Off to the races again!! There must be good news arriving first thing tomorrow morning.

 

Eish, now I'm on edge again...levelled off at 31% for a while and then a sudden drop down to 17.8% on closing.


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#3 Polla

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Posted Yesterday, 09:43 PM

Let's hope there is enough vuma to break the €0.12 level...


Looks like €0.12 is then the level of resistance, nice breakthrough this afternoon but not sustainable..... now we are in need of good news to break this level.... if this can happen I think €0.18 is easily on the carts in the short term....
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#4 Polla

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Posted Yesterday, 09:40 PM

Let's hope there is enough vuma to break the €0.12 level...


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#5 thor

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Posted Yesterday, 09:32 PM

This might be why snh is going to fly.
Check the live discussion.Ride the wave.
https://www.reddit.c...tm_source=share
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#6 DayTraderDad

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Posted Yesterday, 09:04 PM

Must be! Haha.

Off to the races again!! There must be good news arriving first thing tomorrow morning.


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#7 Leadingedge

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Posted Yesterday, 08:59 PM

Hahah must have been my post!!!


Must be! Haha.
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#8 DayTraderDad

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Posted Yesterday, 08:58 PM

Hahah must have been my post!!!

Goldman Sachs Group Inc. would not have bought all those shares if they thought Conservatorium was going to derail the hearing!!


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#9 DayTraderDad

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Posted Yesterday, 08:55 PM

Looks like some news must be floating about! Tradegate suddenly up a few %

Hahah must have been my post!!!


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#10 DeltaHedge

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Posted Yesterday, 08:50 PM

Looks like some news must be floating about! Tradegate suddenly up a few %

 

i like these words


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#11 Leadingedge

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Posted Yesterday, 08:40 PM

Looks like some news must be floating about! Tradegate suddenly up a few %
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#12 DayTraderDad

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Posted Yesterday, 08:33 PM

Some of you chaps must be on the edge of your seats with this. The hearing was over two days so I am guessing they would need time to formulate a response. Unfortunately the fact remains that Conservatorium made it clear that they would appose a positive outcome...on what grounds remains to be seen. Holding thumbs!

 We will have to see but for me Conservatorium does not have more than 25% of claims.

 

Insert from UK law notes:

 

"If the relevant members and creditors approve the scheme, the court will decide at a further hearing whether to sanction the scheme, and will look at whether the approved scheme is fair. If the court sanctions the scheme, the scheme is binding on all affected members, creditors and the company."

 

Well the approval was obtained already last year!!!


Edited by DayTraderDad, Yesterday, 08:35 PM.

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#13 DeltaHedge

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Posted Yesterday, 08:32 PM

Tomorrow going to be another interesting day!!!!

 

look at GMC and AMC, people are thinking of these crazy creative ways to make cash these days, hence why i was asking about steinies short interest - today it really looks like a squeeeze!

We invest in a solid business (yes with some poo to cleanup) and have to bleed all the way. 

Lets hope the juice is worth the squeeze


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#14 DayTraderDad

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Posted Yesterday, 08:22 PM

please dont dump haha

Tomorrow going to be another interesting day!!!!


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#15 DeltaHedge

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Posted Yesterday, 08:00 PM

please dont dump haha


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#16 Leadingedge

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Posted Yesterday, 07:55 PM

Some of you chaps must be on the edge of your seats with this. The hearing was over two days so I am guessing they would need time to formulate a response. Unfortunately the fact remains that Conservatorium made it clear that they would appose a positive outcome...on what grounds remains to be seen. Holding thumbs!
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#17 DeltaHedge

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Posted Yesterday, 07:51 PM

Please remind me what the meeting is regarding ?

nvm got it


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#18 DeltaHedge

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Posted Yesterday, 07:48 PM

They started at 12:30 SA time. That would be 4 hours already lol. Do you think the meeting is going this long?

 

Maybe an Update tomorrow morning?

Please remind me what the meeting is regarding ?


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#19 AMG76

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Posted Yesterday, 07:40 PM

Let's hope there is positive news tomorrow, will be interesting to see what happens. Hasn't been any major uptick on tradegate, after jse closed....so holding thumbs
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#20 andi222

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Posted Yesterday, 05:12 PM

It is in the UK so they might still be busy due to the time difference of 2 hours?

 

They started at 12:30 SA time. That would be 4 hours already lol. Do you think the meeting is going this long?

 

Maybe an Update tomorrow morning?


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