9280 replies to this topic

[Tom]

Be careful, this forum is used to post false "sales pitches" to promote Steinhoff share. 

Edited by Tom, 20 October 2020 - 11:12 AM.

[BradH]

 

STEINHOFF INTERNATIONAL HOLDINGS N.V. - RESPONSE TO CENSURE IMPOSED BY THE JSE

20 October 2020 10:30

Response To Censure Imposed By The JSE

 

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

 

Response to Censure imposed by the JSE

 

Steinhoff International Holdings N.V. ( “Steinhoff” or “the Company”) notes today’s announcement

from the Johannesburg Stock Exchange (“JSE”) informing the market that it has found Steinhoff and

Steinhoff International Holdings Proprietary Limited (“SIHPL”), the former holding company that was

previously listed on the JSE, to have been in breach of the JSE Listings Requirements in the period up

to September 2016 and is imposing a public censure and fines totalling R13 500 000 on Steinhoff and

SIHPL.

 

Louis du Preez, Chief Executive Officer and Management Board member, said:

 

“Steinhoff notes the JSE’s decision, which relates to the period predating the discovery of accounting

irregularities in December 2017. We are pleased that this concludes the JSE’s process in respect of

the Company”

 

JSE Sponsor: PSG Capital

Stellenbosch, South Africa

 

20 October 2020

 

 

Thank you. Have they paid that amount of 13.5mil?

[Tom]

Another small fine on Steinhoff, paid to authorities who didn't (directly) lose any money, and yet failed to prevent the wrong doing at the time.

Although small fine, still it should go to directly compensate the share holders that lost their money (but it won't) ..... (I don;t see how this will promote investor confidence)

 

And to make things even worse for the aggrieved shareholders, a few months ago a South African court ruled against the interest of the aggrieved share holder of that only Steinhoff the company can sue for losses, fortunately for the aggrieved shareholder the law in the Netherlands or Germany can be more on their favour.

Edited by Tom, 20 October 2020 - 11:07 AM.

[DayTraderDad]

Care to elaborate?

STEINHOFF INTERNATIONAL HOLDINGS N.V. - RESPONSE TO CENSURE IMPOSED BY THE JSE

20 October 2020 10:30

Response To Censure Imposed By The JSE

 

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

 

Response to Censure imposed by the JSE

 

Steinhoff International Holdings N.V. ( “Steinhoff” or “the Company”) notes today’s announcement

from the Johannesburg Stock Exchange (“JSE”) informing the market that it has found Steinhoff and

Steinhoff International Holdings Proprietary Limited (“SIHPL”), the former holding company that was

previously listed on the JSE, to have been in breach of the JSE Listings Requirements in the period up

to September 2016 and is imposing a public censure and fines totalling R13 500 000 on Steinhoff and

SIHPL.

 

Louis du Preez, Chief Executive Officer and Management Board member, said:

 

“Steinhoff notes the JSE’s decision, which relates to the period predating the discovery of accounting

irregularities in December 2017. We are pleased that this concludes the JSE’s process in respect of

the Company”

 

JSE Sponsor: PSG Capital

Stellenbosch, South Africa

 

20 October 2020

[BradH]

Another liability closed off....great progress managemebt team....

 

Care to elaborate?

[Investment novice]

Another liability closed off....great progress managemebt team....

[Sleepwa123]

Out of interest, what makes R9 your number?

 

Crappy dip at the end of yesterdays trading...

[KP7]

My targets remain the same when I bought in June. R3.80 first.

Based on time, my ideal target of R9 should be reached by April 2022.

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[Investment novice]

So snh financialky supporting 8nvestigation int9 mj....hopenthis gets progress. Likelyhood snh settles with old share holders....case against mj determined also showing liabiluty of deloitte and others...snh paid out directors liability insurnace, delouttes settles malpractice insuranace and perhaps some funds are paid back from mj and mulitple parties...xould this be anywhere 5billion euros......

If above pkays out then we would see snh hit r10,......rose...i have r1.30 to r1.90 and then r3
As targets

[DayTraderDad]

Please be more than R2, my reference of explode is R10!
Wonder what a realistic number would be? Can't imagine a share climbing 1000% but everything is wonky

My target is still minimum R25after all issues are sorted. Covid has certainly delayed the recovery atleast by one to tow years depending how long it will take with these usels lockdowns.

 

I explained my reasoning before see below:

 

R25 =E1.5 at a PE of 20 for a fast growing company like PEPCO we looking at EPS of E0.075  or Euro 309 mil if you look that PEPCO EBITDA is growing at 12% (excluding COVID effects) you can well inderstand by 2023  the E 800k interest payment will be well covered and its not impossible for SNH to have a profit of E309 before other costs.

 

As per my modei this is what I am expecting for EBITDA (excluding Mattress Firm)

 

2020=E1,565

2021=E1,776

2022=E2,017

2023=E2,293

2024=E2,609

 

From above its for me is very clear the E800k interest now payable yearly (which will reduce concederably at financial restructuring the last step) is easily payable.

 

PEPCO Group is growing at a good pace over 12% and PEPKOR will also do much better because got rid of the loss making brick works.

 

I cannot say 100%  when the R25 will happen but one thing for certain I will not reduce my long term holding below R25.

 

SNH is all about patients understanding what is going on and most important know the business.

 

SNH has winning business very profitable so after the claims are settled do not see anything else olding the share price back.

 

Keep a good watch on the price when the message arrives that creditors have agreed on the settlement and extension of CVA to 2023.

[GutfeelTrader]

Please be more than R2, my reference of explode is R10!
Wonder what a realistic number would be? Can't imagine a share climbing 1000% but everything is wonky

[BradH]

It would be great if this share decides to explode in the next few weeks, as I have just bought a new house and we move in next month, it would be nice to have some furniture in it haha. Even R2 would be welcomed:) 

[Bubble]

https://www.news24.c...-claim-20200802

Sent from my SM-G960W using Sharenet Sharechat mobile app

[DayTraderDad]

Do we have in writing the leverage cpnservatorium has. Its unlikely to he negative, if anything it may have been conservatorium pushing wiese to sign and setyle as he wanted to opportjnistically and nabalistically have his share of blood.
Not sympathy for him.
The sens would have been misplaced if snh did not have the necessary support. They have majority.
Look forward to a new round of pump before dump..

I agree there is a court case pending in Amsterdam courts similar to the one in the Western Cape. I agree with IN do believe Conservatorioum would be very happy to settle its CW that will be in the loosing side and quite sure fighting it hard.CW is owing Conservatorioum if I am not wrong E1 bil so how would they get that if SNH was liquidated?

[DayTraderDad]

I use the same approach as your day trader short technique.
I usually sell a fixed number of shares in batches on the way up and then sell once the price drops.

How do you set your targets?
 

Usualy I trade in a number of 50K block on SNH (normally 6) and aim for 1% clean profit (If I am expecting great votality then I increase to 2% but if the share is trading range bound then I go for 0.5%). When trading a down trend I monitor the 1 hour chart and  the 5 minute charts to get trade signals.for each block. When I sell one block then I wait for the price to run up and when charts tell me share reached over bought then I sell again. Sometimes I do this two or three times in a day. I am very scared to trade too many SNH blocks at present because it can run anytime as news is leaked so I only trade a very small amount of my holding because if it runs then I dont worry because have a large amount to catch the upside.

[Investment novice]

Do we have in writing the leverage cpnservatorium has. Its unlikely to he negative, if anything it may have been conservatorium pushing wiese to sign and setyle as he wanted to opportjnistically and nabalistically have his share of blood.
Not sympathy for him.
The sens would have been misplaced if snh did not have the necessary support. They have majority.
Look forward to a new round of pump before dump..

[BradH]

Same here, they must have emptied the backlog haha. Just some appreciation for all contributors for your insights & analyses! Good to have both sides represented.

The nature of the stock currently makes it hard to see sustained upward movement; too many day traders that hop off after a leg up and break the trend, I think. So agree with others that for any real, sustained upward movement SH needs to have the agreement on paper, and bigger players buying the stock. But the language used in the press release & website updates make me quite confident, so holding strong over here.

 

Agree with you. My biggest worry is the Conservatorium casing dragging on for a few years, which it can very well do, and prevents SNH receiving the 75% support they need. 

[wvdoes]

Hi Everyone.....me too...can finally speak.....been following all the posts silently for 8 months. Very informative thank you all...both the Positive and the Not So Positive.....I have found value in both

 

Same here, they must have emptied the backlog haha. Just some appreciation for all contributors for your insights & analyses! Good to have both sides represented.

The nature of the stock currently makes it hard to see sustained upward movement; too many day traders that hop off after a leg up and break the trend, I think. So agree with others that for any real, sustained upward movement SH needs to have the agreement on paper, and bigger players buying the stock. But the language used in the press release & website updates make me quite confident, so holding strong over here.

[LarryK]

I use the same approach as your day trader short technique.
I usually sell a fixed number of shares in batches on the way up and then sell once the price drops. I know what a falling knife is, this is not it.

Interesting, the last movement we had earlier this year when it went up to R1,80 R1,80 R1,60 R1,35 (rough Numbers) was actually targets I managed to see on the TA, even though I’m not experienced, I think I actually posted some of this. Overall the share pattern is still on a downwards cycle (Lionel is correct) and we need a strong event to break the pattern.
My last post of R1,25 was way out though, I’d think twice before posting this again myself.

[LarryK]

I use the same approach as your day trader short technique.
I usually sell a fixed number of shares in batches on the way up and then sell once the price drops.

How do you set your targets?

LarryK I trade in the SA, USA and Eupe markets and only trade a few shares all the time that I know well what makes then go up and down. In SA I only trade SNH.

What you saying is you average down by buying at lower prices so what is know catching a falling knife.

What I was talking about is to use your share holding to make money and return to the same holding. For day trading I dont look at my average price of my holding what matters is if I have 100k shares then I need to end up with 100k shares when I buy back again and the money left is the profit.