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Steinhoff


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#3481 Sleepwa123

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Posted 22 December 2020 - 04:59 PM

I wasn't so sold on the brexit impact until today. Market definitely very sensitive to this news. Well done DTD for spotting this well in advance.

Edited by Sleepwa123, 22 December 2020 - 04:59 PM.

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#3482 DayTraderDad

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Posted 22 December 2020 - 03:23 PM

How is brexit deal going to assist with litigation and all the other problems facing snh?

You got to separate Brexit , litigation and debt. Each one of those will influence the share price differently. Brexit deal will stabilize trading in Europe therefore no risk to SNH trading losses. Litigation once sorted will make the share price to rise considerably. Then once the debt is under control final restructuring in place will then bring the share to it future value of well above the R10.


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#3483 Lionelza1

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Posted 22 December 2020 - 01:43 PM

Forget about the 80 cents, Boris is giving in on the fishing rights so looks like Brexit deal in now possible this week. Get on board get ready for the climb.


How is brexit deal going to assist with litigation and all the other problems facing snh?
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#3484 DayTraderDad

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Posted 22 December 2020 - 09:45 AM

Next set of news out towards end Jan...this share price probably going to drop under 80c, unless there's surprise news. Will start to pick up again around 3rd week in jan for that pump dump scenario ;)

Forget about the 80 cents, Boris is giving in on the fishing rights so looks like Brexit deal in now possible this week. Get on board get ready for the climb.


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#3485 Lionelza1

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Posted 21 December 2020 - 01:08 PM

Lol buy buy buy


Next set of news out towards end Jan...this share price probably going to drop under 80c, unless there's surprise news. Will start to pick up again around 3rd week in jan for that pump dump scenario ;)
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#3486 Investment novice

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Posted 21 December 2020 - 12:06 PM

Lol buy hold sell buy hold sell

I think lots of pressure on the share short tern and may see nervousness and lows of 70c and 60c. Think tuere is lots of ibterest to hold above r1. But anything possible here. Keep some cash to pounce on this and a number of shares....
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#3487 Lionelza1

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Posted 21 December 2020 - 12:00 PM

Lol buy buy buy
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#3488 DayTraderDad

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Posted 21 December 2020 - 09:20 AM

bloodshed today, that 1.49 is now looking very sweet 

Like I said before watch carefully Brexit negotiations. For me another buying opportunity arising.


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#3489 DeltaHedge

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Posted 21 December 2020 - 09:18 AM

Expect more.pressure with snh..short term...eu lockdown,...new strains...2021 finanxials and liquadity battered somewhat...poundland and other subsidiaries cannot manage another...

Also was the full r16b impaired or only r9.6b...anh reasons for that...and will the remainder r7b impaired in 2021....

 

bloodshed today, that 1.49 is now looking very sweet 


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#3490 Investment novice

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Posted 20 December 2020 - 12:24 AM

Expect more.pressure with snh..short term...eu lockdown,...new strains...2021 finanxials and liquadity battered somewhat...poundland and other subsidiaries cannot manage another...

Also was the full r16b impaired or only r9.6b...anh reasons for that...and will the remainder r7b impaired in 2021....
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#3491 Zanme

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Posted 19 December 2020 - 02:06 PM

Guys, help me understand why they’re selling these assets off? Is it to free up cash flow or is there a more complicated reason?

https://www.iol.co.z...e2-c81669cdf3d5


Its to pay for their consultants their bonuses and their friends Christo Wiese and GT Ferreira that's whats been happening for the past three years.
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#3492 ROAD TO MY CFA

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Posted 19 December 2020 - 10:15 AM

Guys, help me understand why they’re selling these assets off? Is it to free up cash flow or is there a more complicated reason?

https://www.iol.co.z...e2-c81669cdf3d5
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Disclaimer: Comments & opinions are NOT FINANCIAL ADVICE.

#3493 Investment novice

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Posted 18 December 2020 - 05:27 PM

R1 level tested today...share may find 80c if news only expected end jan.. .buy anytime now until 80c. ...waiting for the next pump to r1.40...if you trading now..
If you holding ...be good to get some shares and build the volumes....
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#3494 KP7

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Posted 18 December 2020 - 03:05 PM

You can pick up more now, hindsight told us to sell at 1.49 and buy around here - maybe even lower who the fook knows

From a Newbie...... I think it’s virtually impossible to trade every swing and pull back. You get out at an extension and the market goes further, You wait for a deep retracement and the market does a shallow one, then leaves without you. That’s the difference between trading and investing. 
Similar to you, I’m in almost twice the quantity and not settling for anything less than my targets.


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#3495 Squideye

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Posted 18 December 2020 - 10:53 AM

https://www.sharenet...0&seq=27&scode=

 

  1. https://www.steinhof...ements 2020.pdf
  2. https://www.steinhof...ngs Limited.pdf
  3. https://www.steinhof... Disclosure.pdf

 


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#3496 DeltaHedge

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Posted 18 December 2020 - 10:10 AM

Pound weakening and brexit costs would again impact poundland and snh negatively , may expect nore selling pressure short term...b7t as we head intowarss good news we will see the pumpers return...share has amazing potential for 2 day 80% gains.....we need to time the buy....when is the next set of news expected..


You can pick up more now, hindsight told us to sell at 1.49 and buy around here - maybe even lower who the fook knows
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#3497 Investment novice

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Posted 18 December 2020 - 05:04 AM

Pound weakening and brexit costs would again impact poundland and snh negatively , may expect nore selling pressure short term...b7t as we head intowarss good news we will see the pumpers return...share has amazing potential for 2 day 80% gains.....we need to time the buy....when is the next set of news expected..
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#3498 Lionelza1

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Posted 17 December 2020 - 09:09 PM

And if u were following this share for a while, ud notice the spike prior to news... And then the dump after the news

But ya... To each his own play hey


Day 3 2morrow...R2...or Under R1?...

Row row row your boat......
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#3499 Squideye

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Posted 17 December 2020 - 11:41 AM

Steinhoff stappie nader aan skikking met aandeelhouers.

Steinhoff se skuldeisers het Dinsdag die reëlingskema goedgekeur wat die maatskappy in Britse howe het.
Dit baan die weg vir die skikking waardeur Steinhoff miljarde rande se hofsake deur aandeelhouers tot 'n einde will bring.
Twee groepe skuldeisers het Dinsdag gestem. Al 54 (100%) van die eerste groep het ten favor van die reëlingskema gestem. In the tweede group het 77 ten favor daarvan en twee daarteen gestem, vir 'n stempersentasie van nagenoeg 93% volgens die waarde van hul eise.
The American company Conservatorium en 'n related lender het teen die skema gestem, soos hulle ook voor die tyd aangedui het hulle gaan doen. Hul stem persentasie verteenwoordig egter less than 8% van die stemme volgens die waarde van die eise.
The reëlingskema moet nou deur die courtyard was besieged. The word op 26 en 27 January via video conference aangehoor.
Special the goedkeuring van die skema, en the daring goedkeuring van die skikkingsooreenkoms, sou likwidasie Steinhoff in die gesig gestaar het.
Geen date is nog vasgestel vir the stemming oor the skikkingsvoorstelle never.
Conservatorium het in September suksesvol in the hooggeregshof in Kaapstad toegetree tot die eis wat Christo Wiese se ondernemings Thibault en Titan teen Steinhoff ingestel het vir the dungeon wat gely is met die ineenstorting van die groep se aandeelprys.
Conservatorium verteenwoordig sewe van die agt banke wat in 2016 'n reuse-lening verskaf het aan die Nederlands geregistreerde maatskappy Upington, waarvan Wiese in daardie stadium die meerderheidsaandeelhouer was en waarin other partye soos Markus Jooste, voormalige van Steinhoff beleerde, oetof .

The money is deur Upington van die banke geleen om Steinhoff-aandele te koop om sodoende finansiering aan die groep te verkaf vir die Verkryging van die kleinhandelmaatskappye Mattress Firm en Poundland.
Conservatorium voer aan Upington het Steinhoff-aandele, tesame met the related eise wat aan die aandele is coupled, as sekuriteit vir die lening gee.
Nadat Steinhoff se aandeelprys einde 2017 ineengestort het toe ongerymdhede met sy boeke aangekondig is en Jooste thanks het, het Upington in gebreke gebly om die uitstaande bedrag, also € 1 miljard beloop het (R18,5 miljard teen vandag se wisselkoers) .
Conservatorium het in die hofsaak aangevoer ná Steinhoff se ineenstorting het Wiese die reg op die eise aan sy Titan-maatskappy oorgedra.
Conservatorium voer aan dat hy die eienaar is van die regte om 'n eis teen Steinhoff in te stel.
Steinhoff het besluit om the skikkingsbedrag van die een eis aan Titan te betaal, the spyte daarvan dat Conservatorium dit betwis dat meadow daarop is agitated. The skikkingsbedrag wat here the sprake is, beloop R7.9 miljard.
The skikkingsbedrag vir the other ice (wat sowat R1,5 miljard beloop) word opsygesit totdat the dispuut tussen meadow en Conservatorium is opgelos.
 
 

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#3500 Investment novice

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Posted 17 December 2020 - 11:38 AM

Do we expect alot more pressure...speculators may dump causing price lows sub r1 again, maybe low would be r1.15....should we buy more mid jan???
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