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Steinhoff


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#1 Tom

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Posted Yesterday, 10:29 PM

Published on Nov 13 2018  at 14:14:
 
Is this why the share went up today at 14:14 pm ?
 
Court cases can hammer badly a share price, especially when opponents of a company say on the media that they are confident to win (and go on degrading the company), but it's not them to decide, it's the court, and here's yet another example of Steinhoff winning in a court case.
 
No body knows what outcome or award a court case will be, it can be for or against, and can also be appealed.

Edited by Tom, Yesterday, 10:32 PM.

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#2 DayTraderDad

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Posted Yesterday, 08:38 PM

Last throw of the dice with this kak thing

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Haha now up 10% in Frankfurt!!! Should reach R1.77 tomorrow


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#3 leo

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Posted Yesterday, 05:58 PM

Last throw of the dice with this kak thing

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#4 Lionelza1

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Posted Yesterday, 05:42 PM

https://www.nasdaq.c...-20181113-00014

 

"The High Court of Justice in England and Wales has on November issued an order sanctioning the SUSHI Scheme. Upon lodging of the Scheme Sanction Order with the Registrar of Companies, the SUSHI Scheme shall take effect and be binding on SUSHI, the Scheme Creditors and each Undertaking Party and its successors and assigns.

The Scheme Effective Date is expected to occur on or around November 19.

The company said the Group restructuring otherwise continues in accordance with the terms of the lock-up agreement entered into by the Company in July. The Company will continue to provide updates as appropriate."

Thanks Leo....so 19th and 21st....plan to buy in before then....i see this useless thing is on the up .....hopefully it continues!


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#5 leo

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Posted Yesterday, 03:38 PM

https://www.nasdaq.c...-20181113-00014

 

"The High Court of Justice in England and Wales has on November issued an order sanctioning the SUSHI Scheme. Upon lodging of the Scheme Sanction Order with the Registrar of Companies, the SUSHI Scheme shall take effect and be binding on SUSHI, the Scheme Creditors and each Undertaking Party and its successors and assigns.

The Scheme Effective Date is expected to occur on or around November 19.

The company said the Group restructuring otherwise continues in accordance with the terms of the lock-up agreement entered into by the Company in July. The Company will continue to provide updates as appropriate."


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#6 leo

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Posted Yesterday, 12:58 PM

Don't forget MF now fixed, Pepcor Europe growing at 40%, Greenlit Brands sorted now whats the problem? Debt is all relative where will the pension moneys go that institutions receive every month from pension contributions? They can only buy so many properties and no point putting the money in bank so they will have to buy shares every month.


Cool. I've posted my views with fundamentals. Good luck. Hoping for a bump on Tues. But then I'm out

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#7 DayTraderDad

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Posted Yesterday, 12:31 PM

If my investment broker or funds invested more into snh, after all of this, I'd fire them

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Don't forget MF now fixed, Pepcor Europe growing at 40%, Greenlit Brands sorted now whats the problem? Debt is all relative where will the pension moneys go that institutions receive every month from pension contributions? They can only buy so many properties and no point putting the money in bank so they will have to buy shares every month.


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#8 leo

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Posted Yesterday, 12:21 PM

Fully in my house my car my dog!


Hahha...ok. cool

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#9 DayTraderDad

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Posted Yesterday, 12:19 PM

Dad dad dad..... what's your current position? In or out?

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Fully in my house my car my dog! 


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#10 leo

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Posted Yesterday, 12:18 PM

If my investment broker or funds invested more into snh, after all of this, I'd fire them

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#11 leo

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Posted Yesterday, 12:11 PM

Why are you all so negative? The reason the share is not reacting to news is most speculators have lost interest and moved on to other shares (specially shorter's). The SENSE this morning is good news the restructuring will take time but will be a good ending. Be patient my take is nothing much going to happen until the FY2017 and the PwC report comes out and the most active announcement is going to be the FY 2018 financials in January only after that can we expect a big rise to meet the NAV when the investment institutions will jump back on board.


Dad dad dad..... what's your current position? In or out?

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#12 DayTraderDad

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Posted Yesterday, 12:03 PM

Jip, that is what happened the last time with MF LUA. If they late with this again, I believe there is more downside than upside.

 

What worries me more, it the Bond rate dropping the last month, after they extended the deadline for LUA with a month.

 

Just like you, I am desperately hoping mate! (I am down a truckload more than 30%)

 

Jip, that is what happened the last time with MF LUA. If they late with this again, I believe there is more downside than upside.

 

What worries me more, it the Bond rate dropping the last month, after they extended the deadline for LUA with a month.

 

Just like you, I am desperately hoping mate! (I am down a truckload more than 30%)

Why are you all so negative? The reason the share is not reacting to news is most speculators have lost interest and moved on to other shares (specially shorter's). The SENSE this morning is good news the restructuring will take time but will be a good ending. Be patient my take is nothing much going to happen until the FY2017 and the PwC report comes out and the most active announcement is going to be the FY 2018 financials in January only after that can we expect a big rise to meet the NAV when the investment institutions will jump back on board. 


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#13 Bubble

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Posted Yesterday, 11:39 AM

Eish Bubble u think market priced that in already?

Jip, that is what happened the last time with MF LUA. If they late with this again, I believe there is more downside than upside.

 

What worries me more, it the Bond rate dropping the last month, after they extended the deadline for LUA with a month.

 

Just like you, I am desperately hoping mate! (I am down a truckload more than 30%)


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#14 Lionelza1

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Posted Yesterday, 11:33 AM

Lucky u Matrix that ur out. I had a good 1st run on this share... Got greedy with the 2nd run.... Now in kak with the 3rd run....

This company running of creditors money and that's never good signs... And to hear the corruption could've started in the late 90's is just too worrisome to play for their Financials.... That's just my opinion
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#15 Lionelza1

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Posted Yesterday, 11:28 AM

Eish Bubble u think market priced that in already?
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#16 leo

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Posted Yesterday, 10:19 AM

100% agree

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#17 Matrix

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Posted Yesterday, 10:13 AM

Mmm true that. Was expecting a little 5% rise or something...

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I honestly believe that the risk is just to high for the relatively small reward.

At the beginning the sentiment, including mine, was that the lack of facts wrt corruption does not warrant the drop in share price.

At the moment I believe general sentiment is that the enormous amount of debt does not warrant a very high share price.

It's been a trend that's been developing over the last couple of SENS.

New credit lines are awarded to Asia, MF, etc, but the share price doesn't respond well.

News wrt the provision of credit lines may help in short term, but is not really good news because the debt is not payable in the current SNH format.

I would be very surprised if the conclusion of the LUA has a large increase in share price, such as climbing back to R3.

I honestly believe that sentiment is changing on this share wrt there is not enough upside potential for the risk involved.

Just my opinion and I would warn anyone to be careful with this.

 

Disclosure:

I'm not long or short on SNH.

Was long. Should have sold at R3.80 but also believed in the dream.

Happy to have got out on R2.64 and not be involved with this again.


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#18 leo

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Posted Yesterday, 09:56 AM

Well...that long awaited sens did just about F-all to the price! People are tired and lost hope.

Now the LUA sens, which I think the market priced in as a done deal, so little price movement expected imo.


Mmm true that. Was expecting a little 5% rise or something...

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#19 Bubble

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Posted Yesterday, 09:40 AM

Yea, this is a sinking ship, hoping for that last bob, before she goes under.

Well...that long awaited sens did just about F-all to the price! People are tired and lost hope.

 

Now the LUA sens, which I think the market priced in as a done deal, so little price movement expected imo.


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#20 leo

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Posted Yesterday, 08:59 AM

Still grasping at straws here, but at least they issued this one before the market opens. Hopefully getting a handle on things..I hope...Useless bunch!

Yea, this is a sinking ship, hoping for that last bob, before she goes under.


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