15225 replies to this topic

[Zanme]

For you Zanme!!! Hahah

Hawks seek foreign help in Steinhoff fraud probe - no charges as yet: https://www.news24.c...as-yet-20210706

Daddy Louis has actually cost me more than Markus. He is such a sad sad story.

A group that had assets in excess of R200 billion after write offs etc is trading at 6 billion. Its mind boggling what Louis has achieved here.

[Zanme]

Hi Lionel just to tell you I filled a another big truck!!!

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

[DayTraderDad]

50c...cough

Hi Lionel just to tell you I filled a another big truck!!!

[Sleepwa123]

Keen to lower avg price?

Man that makes no sense at all?

 

Keen to understand your reasoning here?

 

I'm holding onto cash that I can put in now with higher prices or later when it may be cheaper. A second benefit is lowering the average price. It makes the returns look pretty but yes means very little.

[DayTraderDad]

Has Stellenbosch become a pastor?

For you Zanme!!! Hahah

 

Hawks seek foreign help in Steinhoff fraud probe - no charges as yet: https://www.news24.c...as-yet-20210706

[Zanme]

Have faith!!!

Has Stellenbosch become a pastor?

[DeltaHedge]

Damn we will go back to below 1 rand

Sent from my SM-G973F using Sharenet Sharechat mobile app

 

havnt seen you lose faith like this before 

[DayTraderDad]

Damn we will go back to below 1 rand

Sent from my SM-G973F using Sharenet Sharechat mobile app

Have faith!!!

[Lionelza1]

Anything is possible. I will definitely be buying more though. Average price is at R1.21 so always keen to lower that.

Keen to lower avg price?

Man that makes no sense at all?

[Sleepwa123]

Anything is possible. I will definitely be buying more though. Average price is at R1.21 so always keen to lower that.

[andi222]

Damn we will go back to below 1 rand

Sent from my SM-G973F using Sharenet Sharechat mobile app

[Zanme]

People, we all are waiting for 3 years we are almost there, a little more patience,

Its almost 4 years now and what are we waiting for.

Brait is running its head office at R160 million. Steinhoff is 1.8 billion.

[Olymphia]

People, we all are waiting for 3 years we are almost there, a little more patience,

[DayTraderDad]

Yea in my opinion LDP is just useless.

The day he gets the boot I'm throwing a party and inviting DTD for some green beer

Haha Lionel you will have to wait for a long time!!!!

[Lionelza1]

and if LDP spent all his hours in court rather than having lawyers fight his battles for him and all those needless consultants. All the millions we could save on that ....

Yea in my opinion LDP is just useless.

The day he gets the boot I'm throwing a party and inviting DTD for some green beer

[Tom]

Dutch courts rules so far are with the ex-shareholders compensation claims, but with Steinhoff in their expensive creditors agreement ... so Steinhoff to pay for both sides.

SouthAfrican courts rules so far are dismissing the ex-shareholders compensation claims (according to the SA laws), while upholding claims that arrangements with creditors were never legal, and opening the door for court proceeds to maybe stop payments to creditors ... so Steinhoff not to pay for ex-shareholders and payments to creditors might need reconsideration.

 

It's hard to think that there can be an arrangement were the creditors are forced to accept giving up on a percentage of their loans and interest, and so far Steinhoff have never tried to confront the creditors, but Hamilton is trying, (note that many of the financial creditors had purchased the bonds after the December 2017 news of the accounting irregularities and had paid cents in the euro for them.).

 

Judge did rule that Steinhoff and the financial creditors would pay the applicant’s costs, including the fees of three counsel.

Edited by Tom, 06 July 2021 - 12:36 PM.

[vishalsur]

Eish...this share is going down faster than i can sip my tea

[sommerso]

Imagine if they curtail the 1.8 billion head office costs. Steinhoff will be solvent immediately.

 

and if LDP spent all his hours in court rather than having lawyers fight his battles for him and all those needless consultants. All the millions we could save on that .... 

[Zanme]

Yeah you can almost do the exact opposite as claimed here & do better. Those 'truck loads' are already bleeding heavily.

My take: The supposedly better numbers in the books are only useful if they get out of the litigation-predicament. Otherwise it's just more money to non-shareholders (we wouldn't see a dime!). I look more holistically & especially in SA there appear to be quite powerful parties not wanting this company to recover. The big question for me is whether they are powerful enough ... but obviously they just won a big battle and now the media can pounce again & add to the negative pressure. Not good, not good at all.

More risk again, but yes more reward possibly too with all the healthy assets.

Imagine if they curtail the 1.8 billion head office costs. Steinhoff will be solvent immediately.

[Tentative]

Yeah you can almost do the exact opposite as claimed here & do better. Those 'truck loads' are already bleeding heavily. 

 

My take: The supposedly better numbers in the books are only useful if they get out of the litigation-predicament. Otherwise it's just more money to non-shareholders (we wouldn't see a dime!). I look more holistically & especially in SA there appear to be quite powerful parties not wanting this company to recover. The big question for me is whether they are powerful enough ... but obviously they just won a big battle and now the media can pounce again & add to the negative pressure. Not good, not good at all.

 

More risk again, but yes more reward possibly too with all the healthy assets.

 

To my fellow newbies, do not get excited when members boast of the truck loads of shares they're buying (probably truck loads of dust haha)

Be patient, she's going down for a while, till the next set of news, September, anticipate a run up 2 weeks before time. (as per the 2yr trend now)