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Steinhoff


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#3861 Tom

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Posted 14 December 2018 - 08:48 PM

.

.

Commercial Director and CEO Designate Louis du Preez said:


"The agreements reached today with creditors of the Group’s key finance companies are
key to bringing in a new period of financial stability for the Group and enabling
management to focus on maximizing the potential of the Group’s various businesses. On
behalf of the management board I would like to take this opportunity to thank everyone
concerned for the tremendous efforts involved in reaching this critical milestone in the
restructuring of the Group’s financial indebtedness."
.

.

 

They always say in their SENSes (of this year), something like this one:

 

"The agreements reached today with creditors of the Group’s key finance companies are

key to bringing in a new period of financial stability for the Group and enabling
management to focus on maximizing the potential of the Group’s various businesses"

 

Does this mean that the "Group’s various businesses" haven't been doing well, and that they so far explaining this by saying that they have been busy with the restructuring of the debt, and that they haven't had time to focus on the business.


Edited by Tom, 14 December 2018 - 08:50 PM.

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#3862 Tom

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Posted 14 December 2018 - 08:32 PM

Eish.... And there she drops

 

I think that the buy order(s) that pushed it 10% up were instant computer issued orders (I think based on the computer analysis of the SENS or the new news articles).


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#3863 Lionelza1

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Posted 14 December 2018 - 07:39 PM

Only problem that's big gains for them to dump


Eish.... And there she drops
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#3864 Lionelza1

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Posted 14 December 2018 - 07:07 PM

10% jump on tradegate


Only problem that's big gains for them to dump
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#3865 leo

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Posted 14 December 2018 - 06:55 PM

10% jump on tradegate
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#3866 Lionelza1

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Posted 14 December 2018 - 06:32 PM

Mamma fuuckin Mia :D
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#3867 Chris101

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Posted 14 December 2018 - 06:28 PM

STEINHOFF INTERNATIONAL HOLDINGS N.V. - STEINHOFF APPROVAL OF COMPANY VOLUNTARY ARRANGEMENTS FOR SEAG AND SFHG 14 December 2018 17:40

SNH SHFF 201812140093A
Steinhoff – Approval Of Company Voluntary Arrangements For SEAG And SFHG

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367


Steinhoff – Approval of company voluntary arrangements for SEAG and SFHG
Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group").

The Company refers to its announcement of 30 November 2018 (the "30 November
Announcement") in respect of company voluntary arrangements proposed in relation to
Steinhoff Europe AG ("SEAG") (the "SEAG CVA") and Steinhoff Finance Holding GmbH
("SFHG") (the "SFHG CVA").

Further to the 30 November Announcement, the Company is pleased to announce that
meetings of the creditors and members of SEAG and SFHG were held today and that the
SEAG CVA and the SFHG CVA have been approved by the requisite majorities of their
respective creditors and by their members.

The SEAG CVA was approved by approximately 94% of those creditors who voted
(including approval by approximately 93% of SEAG’s external financial creditors). The SFHG
CVA was approved by approximately 99% of those creditors who voted (including
approval by approximately 89% of SFHG’s external financial creditors). The relevant reports
in relation to the meetings have been filed with the English Court and notice of the results
has been provided to the relevant creditors at www.lucid.is.com/steinhoff.

The SEAG CVA documentation and SFHG CVA documentation can be downloaded free
of charge at www.lucid-is.com/steinhoff.

As set out in the SEAG CVA documentation and SFHG CVA documentation, a number of
steps remain to be taken before the SEAG CVA and the SFHG CVA are fully effective and
the restructuring of the Group’s financial indebtedness is implemented. The Group will
continue to keep stakeholders informed as to the progress of these steps as appropriate.

Commercial Director and CEO Designate Louis du Preez said:

"The agreements reached today with creditors of the Group’s key finance companies are
key to bringing in a new period of financial stability for the Group and enabling
management to focus on maximizing the potential of the Group’s various businesses. On
behalf of the management board I would like to take this opportunity to thank everyone
concerned for the tremendous efforts involved in reaching this critical milestone in the
restructuring of the Group’s financial indebtedness."

Shareholders and other investors in the Company are advised to exercise caution when
dealing in the securities of the Group.

JSE Sponsor: PSG Capital
Stellenbosch, 14 December 2018

Date: 14/12/2018 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS

Lets see if this put some fire under STEINHOFF arse....


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#3868 Chris101

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Posted 14 December 2018 - 06:26 PM

STEINHOFF INTERNATIONAL HOLDINGS N.V. - STEINHOFF APPROVAL OF COMPANY VOLUNTARY ARRANGEMENTS FOR SEAG AND SFHG 14 December 2018 17:40
SNH SHFF 201812140093A
Steinhoff – Approval Of Company Voluntary Arrangements For SEAG And SFHG

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367


Steinhoff – Approval of company voluntary arrangements for SEAG and SFHG
Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group").

The Company refers to its announcement of 30 November 2018 (the "30 November
Announcement") in respect of company voluntary arrangements proposed in relation to
Steinhoff Europe AG ("SEAG") (the "SEAG CVA") and Steinhoff Finance Holding GmbH
("SFHG") (the "SFHG CVA").

Further to the 30 November Announcement, the Company is pleased to announce that
meetings of the creditors and members of SEAG and SFHG were held today and that the
SEAG CVA and the SFHG CVA have been approved by the requisite majorities of their
respective creditors and by their members.

The SEAG CVA was approved by approximately 94% of those creditors who voted
(including approval by approximately 93% of SEAG’s external financial creditors). The SFHG
CVA was approved by approximately 99% of those creditors who voted (including
approval by approximately 89% of SFHG’s external financial creditors). The relevant reports
in relation to the meetings have been filed with the English Court and notice of the results
has been provided to the relevant creditors at www.lucid.is.com/steinhoff.

The SEAG CVA documentation and SFHG CVA documentation can be downloaded free
of charge at www.lucid-is.com/steinhoff.

As set out in the SEAG CVA documentation and SFHG CVA documentation, a number of
steps remain to be taken before the SEAG CVA and the SFHG CVA are fully effective and
the restructuring of the Group’s financial indebtedness is implemented. The Group will
continue to keep stakeholders informed as to the progress of these steps as appropriate.

Commercial Director and CEO Designate Louis du Preez said:

"The agreements reached today with creditors of the Group’s key finance companies are
key to bringing in a new period of financial stability for the Group and enabling
management to focus on maximizing the potential of the Group’s various businesses. On
behalf of the management board I would like to take this opportunity to thank everyone
concerned for the tremendous efforts involved in reaching this critical milestone in the
restructuring of the Group’s financial indebtedness."

Shareholders and other investors in the Company are advised to exercise caution when
dealing in the securities of the Group.

JSE Sponsor: PSG Capital
Stellenbosch, 14 December 2018

Date: 14/12/2018 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

 


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#3869 leo

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Posted 14 December 2018 - 04:25 PM

Break even for the day...next time.
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#3870 Lionelza1

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Posted 14 December 2018 - 02:35 PM

Slow poison
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#3871 leo

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Posted 14 December 2018 - 01:55 PM

Likelihood of positive momentum is usually greater in the morning. Just saying

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#3872 Lionelza1

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Posted 14 December 2018 - 01:53 PM

I did warn you....

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Yea too much resistance on that 1.80 eh

I'm gonna wait this one out... Day not yet over
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#3873 leo

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Posted 14 December 2018 - 01:48 PM

Oh hell


I did warn you....

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#3874 Lionelza1

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Posted 14 December 2018 - 01:28 PM

Have you taken the time to look at the current quotes time. 12.58.Am. bound to break down.

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Oh hell
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#3875 leo

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Posted 14 December 2018 - 01:22 PM

Went for a short a bit too early. I'll be happy with break even.

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#3876 leo

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Posted 14 December 2018 - 01:20 PM

Eish maybe 3rd time lucky?


Have you taken the time to look at the current quotes time. 12.58.Am. bound to break down.

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#3877 Lionelza1

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Posted 14 December 2018 - 01:20 PM

Volumes r low, not much interest, Maybe when the US wakes up they pump it and set it up for monday.... I'm holding

Edited by Lionelza1, 14 December 2018 - 01:20 PM.

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#3878 Lionelza1

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Posted 14 December 2018 - 12:42 PM

Eish maybe 3rd time lucky?
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#3879 Lionelza1

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Posted 14 December 2018 - 12:27 PM

LOL Lionel,

Are you back in? AGAIN :D


Haha yes ma'am.... Paid some lekka school fees on this share and hoping to do it right this time around!

If we pass the 1.80 mark we gonna be in for a lekka rally :D
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#3880 Tom

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Posted 14 December 2018 - 11:45 AM

LOL Lionel, 

 

Are you back in? AGAIN :D

 

There are two strong beliefs on this share, one strong belief that this share will rally big time.

Another strong belief that this share will drop big time, to eventually big fat 0, as after paying the creditors, there will be 0 left for the share holders (the share holders are not responsible to pay any debt on the company that might still be due).

 

I, personally, don't know which one is right, or which is wrong.


Edited by Tom, 14 December 2018 - 11:46 AM.

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