15225 replies to this topic

[Squideye]

......Die kennisgewing oor die artikel 155-skemavoorstel gaan binnekort uitgereik word.

 

Die presiese datum van die krediteurevergadering vir die artikel 155-skema is nog nie bekend nie maar dit gaan na verwagting einde Junie of begin Julie plaasvind. Die kennisgewing oor die vergadering gaan na verwagting einde Mei uitgereik word.......

 

https://www.netwerk2...handel-20210216

[Squideye]

Deleted

Edited by Squideye, 16 February 2021 - 04:20 PM.

[DeltaHedge]

Nuts - pretty much all gains gone the day after haha.

 

It's a bit disturbing how weak the floor is for this stock, even after all the real, tangible progress. The court cases seemingly settled far less than was anticipated (at least on this forum). The debt burden is still massive and we'll have another 4+ months of uncertainty & paying 10% on a debt mountain. In true Steinhoff-style they'll probably announce dilution soon.

 

No pain no gain I guess!

 

I hear you, closing out yesterday in auction was the right move and to buy back now,but again super difficult to predict the future.

[Tentative]

Nuts - pretty much all gains gone the day after haha.

 

It's a bit disturbing how weak the floor is for this stock, even after all the real, tangible progress. The court cases seemingly settled far less than was anticipated (at least on this forum). The debt burden is still massive and we'll have another 4+ months of uncertainty & paying 10% on a debt mountain. In true Steinhoff-style they'll probably announce dilution soon.

 

No pain no gain I guess!

[Leadingedge]

https://www.news24.c...dation-20210216

 

Another "doom and gloom" article. Why even bring up liquidation, that was the whole point of the global settlement in the first place. May just be my perception, but it seems like this author is not up to speed with the current affairs.

 

 

[Bushmanbob]

But for realsies though,

 

Is this going to go down to levels that we saw a month or two ago?

 

I'm a little perturbed that after all this waiting and the good news finally coming out that things are getting sorted, the share price response is to go down by 13% (At current) on the JSE.

 

Is this a pipe dream? or is SNH's return to a decent standing (R5, R6 or even higher) something that may actually happen?

 

My opinion is that this pullback is to be expected for a number of reasons namely:

1) There would be significant profit taking.  Given the share price comes off the back of a price of 80-85c as recently as November.  The temptation to cash in now 

     after a +- 200% rally (for those who bought at +-80c) must be very difficult to resist.

2) Todays SENS is lengthy - very lengthy and I think investors may take away 2 key items - firstly, the conclusion of the settlement may seem a lot more complex and 

     convoluted than they were hoping.  Secondly, the process is still going to require some patience from investors who are "gatvol" of waiting.  

There is still big appetite for this share as can be evidenced by the almost 31 million shares have been exchanged on the JSE today so far.  At the moment there is no material change in the state of the business.  In terms of sentiment (Good Will) - we have received further good news in that SNH is a big step closer to the finalization of the settlement and sentiment - In my view - boils down to whether or not you believe tomorrow will be better than today for SNH.  I believe the ball is being nudged in the right direction by management and that these swings are purely emotion driven rather than by objective consideration of the fundamentals.
This is of course just my opinion and I am keeping an open mind to other points of view. 

[DOA123]

But for realsies though,

 

Is this going to go down to levels that we saw a month or two ago?

 

I'm a little perturbed that after all this waiting and the good news finally coming out that things are getting sorted, the share price response is to go down by 13% (At current) on the JSE.

 

Is this a pipe dream? or is SNH's return to a decent standing (R5, R6 or even higher) something that may actually happen?

Edited by DOA123, 16 February 2021 - 12:45 PM.

[andi222]

There won't be any dividends till end of 2023. . .

Sent from my SM-G973F using Sharenet Sharechat mobile app

[Africa1962]

I am using this opportunity to fill my new truck I bought with the big run up!!!

can this go back to under R1.20?......considering there is a long wait until june/july......and no dividends or like in sight......

[DayTraderDad]

Dont panic sit tight this was all known!!!!

I am using this opportunity to fill my new truck I bought with the big run up!!!

[DayTraderDad]

Dont panic sit tight this was all known!!!!

[Leadingedge]

why the dump on the JSE this morning? profit taking?

 

 Dumping overseas as well...who knows these days. Somebody put an abrupt halt to yesterdays run, probably should have cashed in at R2.90 odd and looked for a new entry point.

[DeltaHedge]

looks like its going to close the gap!

[Tiekkie]

why the dump on the JSE this morning? profit taking?

[Squideye]

Steinhoff Settlement @ https://steinhoffsettlement.com/

[CasualTrader]

Although good news and believe Steinhoff is on the right track  is still a hell of a lot that still needs to happen. Hopefully we will see progress over time but I also think a good set of results will go a long way in assisting with this process. 

 

[AMG76]

Have read new sens announcements, took a while, and maybe I don't understand it all......
But would have thought that these announcements would have been a positive catalyst on the SP.
Maybe its a timing thing, and everyone taking so long to read....
Anyways, holding thumbs, and holding my shares.

Any price predictions for end of Feb 2021?

[LarryK]

I tried but kept falling asleep 😂

too lazy to read the whole thing?

[DOA123]

And another SENS today O.O

[Lionelza1]

Not the normal pump and dump scenario, this Baby is on the up