15225 replies to this topic

[DayTraderDad]

https://www.moneyweb...-for-steinhoff/

 

Ann is on a roll, two negative articles in one week.

 

Zanme - JP Verster echo our sentiment - This might become a Zombie company. - He is "short", needs to punt the negative.

 

"It is the ‘best case’ scenario for the bondholders as well as the lawyers and executives guiding the company down this path."

Indeed another outstanding sentimental article.

 

My favourite: (Another expert hooting from the hip to cause hippe.)

 

Verster estimates that Steinhoff’s value – largely dependent on its Pepkor and Pepco operations – would have to appreciate by around 18% a year over the next 10 years if Steinhoff ordinary shares were to have any value after paying the crippling CVA burden.

 

So lets do a little calculation on the valuation of PEPCO and Perkor.( We leave the other assets at ZERO value)

 

Company SNH holding 09/07/21 2023 2023 2024 2025 2026 2026 2026 2026 2026 2026 PEPCO 453,675,000 €11.44 €13.50 €15.94 €18.80 €22.19 €26.18 €30.89 €36.46 €43.02 €50.76 €59.90 PEPKOR 2,385,500,000 €1.23 €1.45 €1.71 €2.02 €2.38 €2.81 €3.32 €3.92 €4.62 €5.46 €6.44   PEPCO Value €5,192 €6,127 €7,229 €8,531 €10,066 €11,878 €14,016 €16,539 €19,516 €23,029 €27,174   Pepkor Value €2,934 €3,462 €4,086 €4,821 €5,689 €6,713 €7,921 €9,347 €11,029 €13,014 €15,357   Total Value €8,126 €9,589 €11,315 €13,352 €15,755 €18,591 €21,937 €25,886 €30,545 €36,043 €42,531

 

 

So at the required growth of 18% as Mr Verster suggested the valuation would be Eur 42.5 bil to pay off Eur 9.6 bil

 

Rest my case!!! Just glad I don't need these experts to look after my money!!!

[Tiekkie]

https://www.moneyweb...-for-steinhoff/

[Bubble]

https://www.moneyweb...-for-steinhoff/

 

Ann is on a roll, two negative articles in one week.

 

Zanme - JP Verster echo our sentiment - This might become a Zombie company. - He is "short", needs to punt the negative.

 

"It is the ‘best case’ scenario for the bondholders as well as the lawyers and executives guiding the company down this path."

 

[CasualTrader]

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[Zanme]

DTD Lionel only shows up when the news is negative so he can say I told you so. Not worth debating. Like Zanme, they add nothing and only criticise.
Our opinions may be wrong etc but at least we try to add to the general conversation and understanding.

I for one appreciate your inputs. Let the naysayers do their own thing.

Sleepy get your facts straight. I hold Steinhoff but genuinely feel that management has not been up to much. Perhaps my efforts to express myself will change the trajectory. Sorry but I won't get excited for someone else's fortune at my expense. So I am not a naysayer. I invest to make myself rich not someone else.

[DayTraderDad]

Nothing wrong with not calling the absolute bottom DTD, huge respect for posting when you buying rather than after the fact. Look back to 18 September 2018 on the Aveng chat, you will have a good laugh…..when you throw stones from glass houses 

Haha thanks KP7 glad indeed a good laugh!!

[KP7]

Nothing wrong with not calling the absolute bottom DTD, huge respect for posting when you buying rather than after the fact. Look back to 18 September 2018 on the Aveng chat, you will have a good laugh…..when you throw stones from glass houses 

[Tiekkie]

[quote name="Tiekkie" post="297674" timestamp="1625749002"]

[Tiekkie]

Steinhoff forced to try again in effort to resolve legal claims https://www.news24.c...claims-20210708

positives for me from the article is that SNH does not have to sell more assets to get the Settlement done

[Tiekkie]

Steinhoff forced to try again in effort to resolve legal claims https://www.news24.c...claims-20210708

[Sleepwa123]

DTD Lionel only shows up when the news is negative so he can say I told you so. Not worth debating. Like Zanme, they add nothing and only criticise.

Our opinions may be wrong etc but at least we try to add to the general conversation and understanding.

 

I for one appreciate your inputs. Let the naysayers do their own thing. 

[Squideye]

Bloomberg @ https://www.bloomber...ve-legal-claims

[Tiekkie]

No point continue discussion with a person that cannot the very least evaluate a company that has so much opinion over because all he sees is hatred for management!!

many of us have different strategies and make our own minds up on this specific Share. For me. I bought at R7...and I'm significantly down.. buy buying at 70c level and so on...but I believe there is value . I will hold...I don't trade...

[DayTraderDad]

Yea fairytale figures, keep to yourself and under your bed please.

Share your trades, not your fantasies

No point continue discussion with a person that cannot the very least evaluate a company that has so much opinion over because all he sees is hatred for management!!

[Lionelza1]

Yea fairytale figures, keep to yourself and under your bed please.

Share your trades, not your fantasies

[DayTraderDad]

U enjoy dodging, show me your trades I show u mine.

I am not waiting for 50c, I'm trading on the news. 50c is there at the back of my mind coz if hell breaks loose, we're going there yes, and nobody can say otherwise, just like Every1's balls were bust went it tanked to 68c, including yours

Hi Lionel you keep on trying to shoot me down with words like I blow hot air see below my hot air. I put figures down but from you for the last four years just insults and Bla Bla and not one single figure or the very least show with figures why you keep on talking about the 50cts and warning new bies!!!.

 

osted 06 July 2021 - 03:42 PM

Zanme, on 06 Jul 2021 - 5:20 PM, said:

Market cap down to 6.1 billion. Trading at a multiple of 3.4 times head office costs.
Its ludicrous.

Hi Zanme I do the calculation different, you focus on the share price induced by negativity of media and forums ( the present share price) but I focus on facts the future I see: (Prices of PEPCO and Pepkor at close)

 

Company Value

PEPCO €5,204

PEPKOR €2,809

CASH – IPO PEPCO €1,000

CASH €1,000

CW load €200

GREENLIT €800

MATTRESS FIRM €1,200

OTHERS €200

Total SNH Value        €12,414

CORPORATE DEBT -€9,600

 

NAV – EURO €2,814

SHARES ISSUED 4200

NAV PER SHARE €0.67

RoE to  ZAR 17

NAV PER SHARE ZAR R 11.39

SHARE PRICE at close today: R 1.45

GROWTH POTENTIAL 785.42%

 

[Lionelza1]

Sorry my friend you got it wrong. When the share tanked because people thought the Trevo's & Hamiltons landed a bad blow to SNH I was buying. Then when everybody sobered up yesterday I sold!!!

The difference between you and me I traded and you still waiting for the 50cts.

U enjoy dodging, show me your trades I show u mine.

I am not waiting for 50c, I'm trading on the news. 50c is there at the back of my mind coz if hell breaks loose, we're going there yes, and nobody can say otherwise, just like Every1's balls were bust went it tanked to 68c, including yours

[DayTraderDad]

Yes... Show me your last trades because if I go according to what u blurted out here, you bought truck loads at R1. 65, you sold at R1. 50?, you claim to buy now at R1. 62?

Buying high selling low?

Sorry my friend you got it wrong. When the share tanked because people thought the Trevo's & Hamiltons landed a bad blow to SNH I was buying. Then when everybody sobered up yesterday I sold!!!

 

The difference between you and me I traded and you still waiting for the 50cts.

[Lionelza1]

Yes I agree well my trucks are on standby for R1.62!!!

Yes... Show me your last trades because if I go according to what u blurted out here, you bought truck loads at R1. 65, you sold at R1. 50?, you claim to buy now at R1. 62?

Buying high selling low?

[DayTraderDad]

I wonder when an update will be made by Steinhoff regarding the section 45 impact.

Probably more deferrals and higher costs for the global settlement.

Hope this will have a good ending for us all.

Sent from my SM-G973F using Sharenet Sharechat mobile app

Hi Andi interested to know your views on the judgement!

 

For me I don't see a big issue we talking about a guarantee of Eur 465 mil. If this happened in 2019 I would be very worried then SNH had no cash but now they have the cash to pay it off if required or at least provide the cash as surety.

 

I am thinking Management is at present working out the best option out in discussion with the bond holders.