4803 replies to this topic

[Lionelza1]

if its a yippy then why the heck is the share dropping?

[Lionelza1]

 

So looks like Q1 results on schedule!!!!! Yippy!!!

 

Dow Jones has received payment from EQS / DGAP for distribution of this news release through his network.

 

DGAP Preliminary Announcement Financial Reports: Steinhoff International Holdings

N.V. / Preliminary notice concerning the publication of

financial statements

Steinhoff International Holdings N.V .: Preliminary announcement on the

Publication of quarterly reports and quarterly / interim reports

 

2019-02-21 / 15:44

Preliminary notice on the publication of quarterly reports and

Quarterly / Interim Announcements transmitted by DGAP - a service of EQS

Group AG.

The content of the communication is the responsibility of the issuer / publisher.

 

Herewith the Steinhoff International Holdings N.V. known that

the following financial reports for the financial year 2018/2019 published

become:

 

Report: Quarterly Financial Report within the first half of the year (Q1)

Publication date / English: 28.02.2019 English:

http://www.steinhoff...l.com/index.php

 

Report: quarterly / interim report within the first half of the year

Publication date / English: 28.02.2019 English:

http://www.steinhoff...l.com/index.php

 

2019-02-21 The DGAP Distribution Services include legal

Reporting requirements, corporate news / financial news and press releases.

Media archive at http://www.dgap.de

Language: German

Company: Steinhoff International Holdings N.V.

Herengracht 466

1017 CA Amsterdam

Netherlands

Internet: www.steinhoffinternational.com

 

End of the message DGAP News Service

 

779809 2019-02-21

 

(END) Dow Jones NewswiresFebruary 21, 2019 09:44 ET (14:44 GMT)

 

where does this info come from?

[DayTraderDad]

So looks like Q1 results on schedule!!!!! Yippy!!!

 

Dow Jones has received payment from EQS / DGAP for distribution of this news release through his network.

 

DGAP Preliminary Announcement Financial Reports: Steinhoff International Holdings

N.V. / Preliminary notice concerning the publication of

financial statements

Steinhoff International Holdings N.V .: Preliminary announcement on the

Publication of quarterly reports and quarterly / interim reports

 

2019-02-21 / 15:44

Preliminary notice on the publication of quarterly reports and

Quarterly / Interim Announcements transmitted by DGAP - a service of EQS

Group AG.

The content of the communication is the responsibility of the issuer / publisher.

 

Herewith the Steinhoff International Holdings N.V. known that

the following financial reports for the financial year 2018/2019 published

become:

 

Report: Quarterly Financial Report within the first half of the year (Q1)

Publication date / English: 28.02.2019 English:

http://www.steinhoff...l.com/index.php

 

Report: quarterly / interim report within the first half of the year

Publication date / English: 28.02.2019 English:

http://www.steinhoff...l.com/index.php

 

2019-02-21 The DGAP Distribution Services include legal

Reporting requirements, corporate news / financial news and press releases.

Media archive at http://www.dgap.de

Language: German

Company: Steinhoff International Holdings N.V.

Herengracht 466

1017 CA Amsterdam

Netherlands

Internet: www.steinhoffinternational.com

 

End of the message DGAP News Service

 

779809 2019-02-21

 

(END) Dow Jones NewswiresFebruary 21, 2019 09:44 ET (14:44 GMT)

[Lionelza1]

 

Ha ha I don’t think you can short Steinhoff now.  It has already made the 200 day moving average a support and with 2 inverted head and shoulder patterns forming.  I think it is building up power for a moon landing.

 

thanks for sharing, technicals sounds good, im so blind in this gamble its scary haha

 

let hope it heads in the direction of pluto ........and.......not...... uranus bwhaaa

[DayTraderDad]

 

Ha ha I don’t think you can short Steinhoff now.  It has already made the 200 day moving average a support and with 2 inverted head and shoulder patterns forming.  I think it is building up power for a moon landing.

 

Yes Milo I agree with you. I am expecting a good short squeeze because do believe there has been shorting but people are also accumulating shares for long term so interesting times ahead.

[DayTraderDad]

Ya all we need is a sens issue;

1- pwc concluded
2- siefert died
3- du preez stepping down

DTD u shorting this thing today?

I have stopped trading SNH now its a waiting period expecting a run anytime from now. 

[Milo]

Ya all we need is a sens issue;

1- pwc concluded
2- siefert died
3- du preez stepping down

DTD u shorting this thing today?

Ha ha I don’t think you can short Steinhoff now.  It has already made the 200 day moving average a support and with 2 inverted head and shoulder patterns forming.  I think it is building up power for a moon landing.  

[Lionelza1]

Ya all we need is a sens issue;

1- pwc concluded
2- siefert died
3- du preez stepping down

DTD u shorting this thing today?

[Milo]

Steinhoff looking good. There is another inverted head and shoulder in the big inverted head and shoulder.

[Lionelza1]

 

Lionel go to the travel agents book a holiday to Norway its lovely with the profit you going to make you will affords a bottle wine a night!! Haha I love green beer!!

 

haha i dont know man market keeps knocking this share, mind told me hold, balls told me pump....so i went with my balls .....anywayz Eddie Murphy said there's butt nekked chicks in thahiti....so im going o thahiti

[DayTraderDad]

Lionel go to the travel agents book a holiday to Norway its lovely with the profit you going to make you will affords a bottle wine a night!! Haha I love green beer!!

[Lionelza1]

well....this share has been good to me in the past on fridays.......im hoping for a fitting farewell......and so i bought more .....and now, i light candles!!!

[Bubble]

Will be interesting to see how many shares TITAN bought this month!!!

Jip,

 

He did not add any Brait. Bwaha! Tough times for "Mr Midas". He should be on a SASSA grant if I get my wish.

Edited by Bubble, 21 February 2019 - 04:17 PM.

[Polla]

 

Haha I like your comment! Sorry I am bold!!!

 

This link explains it very well: https://www.fortadvo...terprise-court/

 

Read this link a similar case as SNH: https://www.sec.gov/...ss/2004-144.htm

 

The Commission has not sought penalties in the enforcement actions against the individuals because the Dutch Public Prosecutor's Office, which is conducting a parallel criminal investigation in The Netherlands, has requested that the Commission not seek penalties against the individuals because of potential double jeopardy issues under Dutch law. Because of the importance of this case in The Netherlands and the need for continued cooperation between the SEC and regulatory authorities in other countries, the Commission has agreed to the Dutch prosecutor's request.

 

The Commission did not seek a penalty from Ahold because of, among other reasons, the company's extensive cooperation with the Commission's investigation. Ahold self-reported the misconduct and conducted an extensive internal investigation. On its own initiative, Ahold expanded its internal investigation beyond the fraud at U.S. Foodservice and the improper joint venture accounting to analyze accounting practices and internal controls at seventeen operating companies. Ahold promptly provided the staff with the internal investigative reports and the supporting information and waived the attorney-client privilege and work product protection with respect to its internal investigations. Ahold also made its current personnel available for interviews or testimony, significantly assisted the staff in arranging interviews with, or testimony from, former Ahold personnel located in the United States and, of even greater importance, abroad. Ahold promptly took remedial actions including, but not limited to, revising its internal controls and terminating employees responsible for the wrongdoing.

 

Important to remember that Peter Wakie, the advocate from The Netherlands, was the main player to accomplish the Ahold saga turnaround..... And he's onboard with Steinhoff currently..

Edited by Polla, 21 February 2019 - 01:53 PM.

[DayTraderDad]

For sure they need his expertise and whatever contacts he may have..... But as CEO?... Nah

I believe there are other persons that came in that are experts doing all the commercial stuff and working on the restructure but what is going to occupy the CEO the most is legal stuff. Also 23 May is way past all the restructure information, Financial reports and the PwC report so expect the inquiry will not fly why do another 1 to 2 year investigation??. 

[DayTraderDad]

Hahahaha it's like employing a butcher at a hairdresser.... Would u go cut ur hair there?

Anywayz to me he's useless but I'm hoping ur right for the sake of getting returns on my money

Haha I like your comment! Sorry I am bold!!!

 

This link explains it very well: https://www.fortadvo...terprise-court/

 

Read this link a similar case as SNH: https://www.sec.gov/...ss/2004-144.htm

 

The Commission has not sought penalties in the enforcement actions against the individuals because the Dutch Public Prosecutor's Office, which is conducting a parallel criminal investigation in The Netherlands, has requested that the Commission not seek penalties against the individuals because of potential double jeopardy issues under Dutch law. Because of the importance of this case in The Netherlands and the need for continued cooperation between the SEC and regulatory authorities in other countries, the Commission has agreed to the Dutch prosecutor's request.

 

The Commission did not seek a penalty from Ahold because of, among other reasons, the company's extensive cooperation with the Commission's investigation. Ahold self-reported the misconduct and conducted an extensive internal investigation. On its own initiative, Ahold expanded its internal investigation beyond the fraud at U.S. Foodservice and the improper joint venture accounting to analyze accounting practices and internal controls at seventeen operating companies. Ahold promptly provided the staff with the internal investigative reports and the supporting information and waived the attorney-client privilege and work product protection with respect to its internal investigations. Ahold also made its current personnel available for interviews or testimony, significantly assisted the staff in arranging interviews with, or testimony from, former Ahold personnel located in the United States and, of even greater importance, abroad. Ahold promptly took remedial actions including, but not limited to, revising its internal controls and terminating employees responsible for the wrongdoing.

[Lionelza1]

Hahahaha it's like employing a butcher at a hairdresser.... Would u go cut ur hair there?

Anywayz to me he's useless but I'm hoping ur right for the sake of getting returns on my money

For sure they need his expertise and whatever contacts he may have..... But as CEO?... Nah

[Lionelza1]

That's the reason to have a lawyer as CEO!!

Hahahaha it's like employing a butcher at a hairdresser.... Would u go cut ur hair there?

Anywayz to me he's useless but I'm hoping ur right for the sake of getting returns on my money

[DayTraderDad]

 

Yes looks like directors going to have a rough time see below what is a Inquiry proceedings which step one is and quite sure the PwC report will put this to sleep.

 

In the first phase of inquiry proceedings, the Enterprise Chamber decides whether an inquiry will be held. The EC can order an inquiry if there are ‘well-founded reasons to doubt the correctness of the course of action followed by the corporation‘. If the EC, having weighed the interests involved, including the corporation’s, orders an inquiry, it will appoint one or more investigators. The company (in first instance, at least) bears the costs of the investigation. The investigators my determine how to conduct the investigation. They may hear the parties involved, and can require access to the administration of the company.

 

The first phase ends when the investigators file their report with the court.The first phase of the proceedings then come to an end, unless the claimants are of the opinion that the report shows mismanagement. Usually, the management board and/or the supervisory board are held to be responsible for misconduct. The claimants have to file a new request, initiating the second phase of the proceedings, in order to have the court rule on mismanagement. If the EC establishes mismanagement, it can take one or more measures to put an end to this mismanagement, such as dismissing directors, suspending or nullifying any decision of any corporate body of the company. The EC can even order the corporation be dissolved.

 

Of importance is :

The EC can order an inquiry if there are ‘well-founded reasons to doubt the correctness of the course of action followed by the corporation‘.

 

So the very importance to have a full well carried out investigation that's exactly what PwC has done!!!

 

That's the reason to have a lawyer as CEO!!

[DayTraderDad]

https://ewn.co.za/20...ore-dutch-court

 

The drama has started and the PwC report didn't even come out yet.

And much more drama is still to come yet.

 

Yes looks like directors going to have a rough time see below what is a Inquiry proceedings which step one is and quite sure the PwC report will put this to sleep.

 

In the first phase of inquiry proceedings, the Enterprise Chamber decides whether an inquiry will be held. The EC can order an inquiry if there are ‘well-founded reasons to doubt the correctness of the course of action followed by the corporation‘. If the EC, having weighed the interests involved, including the corporation’s, orders an inquiry, it will appoint one or more investigators. The company (in first instance, at least) bears the costs of the investigation. The investigators my determine how to conduct the investigation. They may hear the parties involved, and can require access to the administration of the company.

 

The first phase ends when the investigators file their report with the court.The first phase of the proceedings then come to an end, unless the claimants are of the opinion that the report shows mismanagement. Usually, the management board and/or the supervisory board are held to be responsible for misconduct. The claimants have to file a new request, initiating the second phase of the proceedings, in order to have the court rule on mismanagement. If the EC establishes mismanagement, it can take one or more measures to put an end to this mismanagement, such as dismissing directors, suspending or nullifying any decision of any corporate body of the company. The EC can even order the corporation be dissolved.

Edited by DayTraderDad, 21 February 2019 - 01:05 PM.