15225 replies to this topic

[DayTraderDad]

Im long on SNH, but this really surprises me considering they are a little cash strapped...just bizzare paying dividends now..surely?

This is the third year they paying dividends to preference shares after the 7 Dec 2017 crash?

I dont believe SNH is cash strapped. They have loans that need to be rescheduled once the GS are completed (step 3) but very sure in the near term even ordenary shareholders can expect a dividend.

[DayTraderDad]

Agree, I am sure there will be a lot of talk behind closed doors. And this in my view is what the TT boys want. Special treatment for special people

My view there is no talking behind closed door. I believe its on SNH best interest to take TT old boys on from the front.

It might take time to complete the GS but to give in to them is commiting suicide.

In my view TT old boys got paid way too much for the business. So if they were willing to take the risk at that time not going for cash like actis did then must not complain now.

[Midas1]

Im long on SNH, but this really surprises me considering they are a little cash strapped...just bizzare paying dividends now..surely?

[Bushmanbob]

According to TT SNH insolvent... SNH pays a dividend.

[tiny]

Dividend To Preference Shareholders

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1954/001893/06
JSE Code SHFF
ISIN: ZAE000068367
(“Steinhoff Investments” or “the Company“)

STEINHOFF INVESTMENTS: DIVIDEND TO PREFERENCE SHAREHOLDERS

The board of directors of the Company has declared a gross dividend of 286.37671 cents per
share, payable on Monday 25 October 2021 in respect of the period 1 January 2021 to
30 June 2021 (“the Preference Dividend”), payable to the shareholders, recorded in the books
of the Company at the close of business on Friday 22 October 2021, of the 15 000 000
cumulative, non-redeemable, non-participating, variable rate preference shares issued by the
Company (“the Preference Shares”)

At the date of declaration there were 15 000 000 (Fifteen million) Preference Shares in issue.

The Preference Dividend will be payable in the currency of South Africa and will be subject to
a local dividend tax rate of 20%. This will result in a net dividend of 229.10137 cents per
Preference Share, unless the Preference Shareholder is exempt from dividend tax or is entitled
to a reduced rate in terms of an applicable double-tax agreement. Steinhoff Investments’
income tax reference number is 9375/046/71/2.

Salient dates: 2021

Last date to trade cum dividend: Tuesday, 19 October 2021
Shares trade ex-dividend: Wednesday, 20 October 2021
Record date: Friday, 22 October 2021
Payment date: Monday, 25 October 2021


Share certificates may not be dematerialised or re-materialised between
Wednesday 20 October 2021 and Friday 22 October 2021, both days inclusive.

1 October 2021

[tiny]

Dividend To Preference Shareholders

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1954/001893/06
JSE Code SHFF
ISIN: ZAE000068367
(“Steinhoff Investments” or “the Company“)

STEINHOFF INVESTMENTS: DIVIDEND TO PREFERENCE SHAREHOLDERS

The board of directors of the Company has declared a gross dividend of 286.37671 cents per
share, payable on Monday 25 October 2021 in respect of the period 1 January 2021 to
30 June 2021 (“the Preference Dividend”), payable to the shareholders, recorded in the books
of the Company at the close of business on Friday 22 October 2021, of the 15 000 000
cumulative, non-redeemable, non-participating, variable rate preference shares issued by the
Company (“the Preference Shares”)

At the date of declaration there were 15 000 000 (Fifteen million) Preference Shares in issue.

The Preference Dividend will be payable in the currency of South Africa and will be subject to
a local dividend tax rate of 20%. This will result in a net dividend of 229.10137 cents per
Preference Share, unless the Preference Shareholder is exempt from dividend tax or is entitled
to a reduced rate in terms of an applicable double-tax agreement. Steinhoff Investments’
income tax reference number is 9375/046/71/2.

Salient dates: 2021

Last date to trade cum dividend: Tuesday, 19 October 2021
Shares trade ex-dividend: Wednesday, 20 October 2021
Record date: Friday, 22 October 2021
Payment date: Monday, 25 October 2021


Share certificates may not be dematerialised or re-materialised between
Wednesday 20 October 2021 and Friday 22 October 2021, both days inclusive.

1 October 2021

[Squideye]

Did anyone spot them at Cape Town fishmarket at the V&A

Ek het my bene geskeer, 'n pruik gesit en nou hulle vis en skyfies bedien...  

[Tiekkie]

Did anyone spot them at Cape Town fishmarket at the V&A

[CasualTrader]

I would guess SNH is negotiated a price with TT..

Agree, I am sure there will be a lot of talk behind closed doors. And this in my view is what the TT boys want. Special treatment for special people

[Midas1]

i doubt that this will be resolved by December.....TT and the local judges not going anywhere....I think we will see constant delays in the courts....no judge wants to touch this

I would guess SNH is negotiated a price with TT..

[Africa1962]

If this cases go away then the price could go to above R7 by December

i doubt that this will be resolved by December.....TT and the local judges not going anywhere....I think we will see constant delays in the courts....no judge wants to touch this

[Midas1]

If this cases go away then the price could go to above R7 by December

I think their ploy is to get a big offer...I dont think they want to liquidate SNH, otherwise everyones money goes down, in fact the more they stuff around it makes share price worse..they should use their noodles

[Tiekkie]

If this cases go away then the price could go to above R7 by December

[Midas1]

Whats your realistic PT for SNH by end of year?

[Midas1]

Whats your realistic PT for SNH by end of year?

[Tiekkie]

Don't have much but managed to scoop up 2500 shares

[Squideye]

https://www.news24.c...lement-20210930

[Tiekkie]

Sense out...no time frame for the hearing next week

[Squideye]

...

Attached Files

•  20210930_1.pdf   2.69MB   28 downloads

[Tiekkie]

you have to bend you knees if you want to jump high, lets hope it's that and not a stumble to only get back up

the volumes traded was so low...maybe they though it would catch people out with stop losses in place...