15225 replies to this topic

[JR7800]

https://www.sharenet...eq=26&scode=SNH

Drop in price Re. Sens is rather lame

 

I am going to be an optimist on this sense and see it as a good thing. 

 

Maybe Conservatorium Holdings realised that after last weeks ruling they are going to waste everyone's time and SNH realsied they could now ask them to sit down and discuss options on their claims. I hope the next sens is to say that SNH and Conservatorium Holdings have agree terms that both parties are happy with and that is the end of that. Claims settled and we can all go buy ourselves something nice with the profits we made for all these years of hell while holding to this bloody share. 

[Lionelza1]

https://www.sharenet...eq=26&scode=SNH

Drop in price Re. Sens is rather lame

[Leadingedge]

It smells to me like an out-of-court settlement. Presumably a settlement this week and a coming postponement in Amsterdam.

 

My thoughts as well...now the question is, how far will the dump drag the share price down.

[Squideye]

It smells to me like an out-of-court settlement. Presumably a settlement this week and a coming postponement in Amsterdam.

[Polla]

Honestly didn't think that the Netherlands case would have this material impact on sentiment. Shows how little I know.

 

Any ideas as to when the verdict is typically provided by the Netherlands courts? We had a good idea of the British one but that was proven to be incorrect anyway.

I don't think the sentiment have a lot to do with the case in the Netherlands today....  Read the full judgement on the UK case released on Friday... There is a lot of information regarding the Conservatorium claims mentioned in it as well as the Wiese entities viewpoint that liquidation might be a better route for them if the settlement is not paid directly to them or nominated entity.

I reckon until there is clarity regarding who is entitled to the Wiese groups settlement proceeds the whole global settlement proposal will hang in the balance and the sentiment will be subdued.

At least is the door now open to complete the rest of the puzzle pieces in order to get finality on a potential global settlement.

[Squideye]

Steinhoff Global Settlement Update On Dutch Hearing @ https://www.sharenet...0&seq=26&scode=

 

[Leadingedge]

The Application was due to be heard by the Amsterdam District Court today. Conservatorium and SIHNV have requested that the Court defer the hearing for one week to 15 February 2021. The court has confirmed that the Application will be heard on 15 February 2021.

 

Wonder if they are buying time to try reach an agreement out of court...

[Africa1962]

JR7800, this report did relate to to last weeks judgement which I don't think the market has fully comprehended the significance thereof. 

 

What this Judgement has done is,

1. Pave the way for the Global settlement to be implemented, fixing the amount of the liabilty which has already been provided for is the last finanacials.

2. Made it now possible for the Companies future Audits to now be signed off "unqualified" which will now allow institutional investment

3. Because Audits will now be "unqualified", the Company will be able to access cheaper finance and be able to renegotiate its current loans at cheaper rates which it was not able tp do previously.

4. Is now able to do an 'about turn' and focus its legal drive on those that did harm to the Company including directors, banks and the previous auditors who signed off on the 'misleading' audits, and hence recover some of the losses it incured which have run into billions!

 

Any financial journalist who simply now just did some homework will agree the incredible job the Company has done in turning this around, and more than that, would have to agree that Steinhoff (having gone through what it did,) they must now be one of the most compliant corporates around.

 

Futher, given the current share price, I would challenge them to dispute that this must be one of the most undervalued opportunities on any stock market today.

 

As far as Netherlands action today, I believe that it is a simple issue on which we will get a quick decsion and which I dont believe Conservatoriam have any chance of success.

 

The above just my opinion but hey, I'm just one little voice who is very heavily invested In SNH and maybe I need to be optimistic.

 

The Application was due to be heard by the Amsterdam District Court today. Conservatorium and SIHNV have requested that the Court defer the hearing for one week to 15 February 2021. The court has confirmed that the Application will be heard on 15 February 2021.

[Everlearning]

JR7800, this report did relate to to last weeks judgement which I don't think the market has fully comprehended the significance thereof. 

 

What this Judgement has done is,

1. Pave the way for the Global settlement to be implemented, fixing the amount of the liabilty which has already been provided for is the last finanacials.

2. Made it now possible for the Companies future Audits to now be signed off "unqualified" which will now allow institutional investment

3. Because Audits will now be "unqualified", the Company will be able to access cheaper finance and be able to renegotiate its current loans at cheaper rates which it was not able tp do previously.

4. Is now able to do an 'about turn' and focus its legal drive on those that did harm to the Company including directors, banks and the previous auditors who signed off on the 'misleading' audits, and hence recover some of the losses it incured which have run into billions!

 

Any financial journalist who simply now just did some homework will agree the incredible job the Company has done in turning this around, and more than that, would have to agree that Steinhoff (having gone through what it did,) they must now be one of the most compliant corporates around.

 

Futher, given the current share price, I would challenge them to dispute that this must be one of the most undervalued opportunities on any stock market today.

 

As far as Netherlands action today, I believe that it is a simple issue on which we will get a quick decsion and which I dont believe Conservatoriam have any chance of success.

 

The above just my opinion but hey, I'm just one little voice who is very heavily invested In SNH and maybe I need to be optimistic.

[Everlearning]

JR7800, this report did relate to to last weeks judgement which I don't think the market has fully comprehended the significance thereof. 

 

What this Judgement has done is,

1. Pave the way for the Global settlement to be implemented, fixing the amount of the liabilty which has already been provided for is the last finanacials.

2. Made it now possible for the Companies future Audits to now be signed off "unqualified" which will now allow institutional investment

3. Because Audits will now be "unqualified", the Company will be able to access cheaper finance and be able to renegotiate its current loans at cheaper rates which it was not able tp do previously.

4. Is now able to do an 'about turn' and focus its legal drive on those that did harm to the Company including directors, banks and the previous auditors who signed off on the 'misleading' audits, and hence recover some of the losses it incured which have run into billions!

 

Any financial journalist who simply now just did some homework will agree the incredible job the Company has done in turning this around, and more than that, would have to agree that Steinhoff (having gone through what it did,) they must now be one of the most compliant corporates around.

 

Futher, given the current share price, I would challenge them to dispute that this must be one of the most undervalued opportunities on any stock market today.

 

As far as Netherlands action today, I believe that it is a simple issue on which we will get a quick decsion and which I dont believe Conservatoriam have any chance of success.

 

The above just my opinion but hey, I'm just one little voice who is very heavily invested In SNH and maybe I need to be optimistic.

[Sleepwa123]

Honestly didn't think that the Netherlands case would have this material impact on sentiment. Shows how little I know.

 

Any ideas as to when the verdict is typically provided by the Netherlands courts? We had a good idea of the British one but that was proven to be incorrect anyway.

[JR7800]

https://www.news24.c...ruling-20210208

 

If someone have access to article please see if you could copy into forum.

 

I presume this relates to last weeks case and not the one due today?

 

[AMG76]

Been following a German telegram group, which seems to be very active. But its gone dead quiet now, so I think there are lots of us waiting on info re the case in the NL.

[Daytrader01]

Any place or site where the on the Amsterdam court case?

[Squideye]

Dutch case article @ https://www.docdroid...dse-hofsake-pdf

[DeltaHedge]

Guys don't worry too much about the share price currently. If things go according to Plan we will see much higher share prices in future in my opinion.

And currently everything looks like its going according to plan. Operating units are all nearly debt free, they are producing huge amounts of operating cash flows and profits.
Also the global settlement is proceeding which will eliminate a huge risk factor.

So have a green beer this weekend and enjoy what has been achieved.

Thanks bud

[andi222]

Guys don't worry too much about the share price currently. If things go according to Plan we will see much higher share prices in future in my opinion. 

 

And currently everything looks like its going according to plan. Operating units are all nearly debt free, they are producing huge amounts of operating cash flows and profits. 

Also the global settlement is proceeding which will eliminate a huge risk factor.

 

So have a green beer this weekend and enjoy what has been achieved.

 

 

[andi222]

Guys don't worry too much about the share price currently. If things go according to Plan we will see much higher share prices in future in my opinion. 

 

And currently everything looks like its going according to plan. Operating units are all nearly debt free, they are producing huge amounts of operating cash flows and profits. 

Also the global settlement is proceeding which will eliminate a huge risk factor.

 

So have a green beer this weekend and enjoy what has been achieved.

 

 

[AMG76]

Seems to be picking up again now on tradegate, after the jse closed......

[Africa1962]

Yea i started a new posi and was up laka now back to break even, hmm irritating , makes no sense

 

idonbelieveit!