15225 replies to this topic

[Bubble]

Further the 0.8 mil they paying for settlement will be claimed from old director, guilty parties and Deloite  thats why the PwC report is secretive SNH management approach is to first settle the claims then move in to sue the respective wrong doers..

 

The old director/s money is long on the horizon, LDP gave them more than enough time. Besides, the Deloitte legal case will take years to resolve, so too will the Director/s cases. On top, the Hawks is closer to Pigeons and the NPA stands for "No Public Prosecution".

 

But in "Facts world", you are correct, they can go after it.

 

"Reality world" moves a little differently(especially in Mzansi).

Edited by Bubble, 07 September 2020 - 01:45 PM.

[DayTraderDad]

Hi BradH the business to watch is PEPCO Group which is growing above 15% per year. My believe is at the end SNH will just be a holding company with four business 1) Mattress Firm at 45% ownership, 2) PEPCO Group at 55% ownership, 3) PEPKOR with about 52% owner ship 4) Fantastic Australia 55% ownership. If you take all the cash on hand and sale of various ohter business thr debt should come down to E6.5 Bil Then in 2023 the IPO of PEPCO should be for about E6.5 bil and the sale of 45% will bring E2.9 bil that leaves the debt of 6.5 - 2.9 = 3.6 The debt will tehn be refinance at much lower rate and SNH will be a excelent company with profitable units.

Further the 0.8 mil they paying for settlement will be claimed from old director, guilty parties and Deloite  thats why the PwC report is secretive SNH management approach is to first settle the claims then move in to sue the respective wrong doers..

[DayTraderDad]

Thanks DTD, valid points. Going back to what we were discussing the other day about Pepkor Holdings being sold off down the line: Pepkor makes up 82% of SNHs assets, I stand to be corrected. So when the sale happens and SNH payoff debt, what does that leave SNH with in order to recover and move forward? Am I misunderstanding something? 

Hi BradH the business to watch is PEPCO Group which is growing above 15% per year. My believe is at the end SNH will just be a holding company with four business 1) Mattress Firm at 45% ownership, 2) PEPCO Group at 55% ownership, 3) PEPKOR with about 52% owner ship 4) Fantastic Australia 55% ownership. If you take all the cash on hand and sale of various ohter business thr debt should come down to E6.5 Bil Then in 2023 the IPO of PEPCO should be for about E6.5 bil and the sale of 45% will bring E2.9 bil that leaves the debt of 6.5 - 2.9 = 3.6 The debt will tehn be refinance at much lower rate and SNH will be a excelent company with profitable units.

Edited by DayTraderDad, 07 September 2020 - 12:34 PM.

[DeltaHedge]

Thanks DTD, valid points. Going back to what we were discussing the other day about Pepkor Holdings being sold off down the line: Pepkor makes up 82% of SNHs assets, I stand to be corrected. So when the sale happens and SNH payoff debt, what does that leave SNH with in order to recover and move forward? Am I misunderstanding something? 

 

I also worry about value destruction and this is that

[BradH]

For me the negativity of the share is not the AGM or LDP its simply the fight between Chrisot Wiese and Conservatorium that is going to delay the settlement. The way I see this the banks lost E1 bil and now want to take the money that CW would get so this is becoming very interesting. There is a also a pending ruling in Amsterdam for the fight.

 

Thanks DTD, valid points. Going back to what we were discussing the other day about Pepkor Holdings being sold off down the line: Pepkor makes up 82% of SNHs assets, I stand to be corrected. So when the sale happens and SNH payoff debt, what does that leave SNH with in order to recover and move forward? Am I misunderstanding something? 

[DayTraderDad]

I think there's a lot of negative media and press atm after that shocking AGM last week and how LDP has managed things so far, the market has not responded well as indicated in the big drop to 80c.

For me the negativity of the share is not the AGM or LDP its simply the fight between Chrisot Wiese and Conservatorium that is going to delay the settlement. The way I see this the banks lost E1 bil and now want to take the money that CW would get so this is becoming very interesting. There is a also a pending ruling in Amsterdam for the fight.

[DeltaHedge]

Maybe lack of news that has everyone jittery. Also does not help if market is talking up negative sentiment.

 

In my view the Company is moving in the right direction and things certainly look more promising than a year ago so why all the nervousness?

Just because management have been quite, does not mean no progress is being made, to the contrary, I belive we will sonn hear some good news with regards to stage 2 of the 3 planned recovery strategy.

 

Maybe foolishly, (time will tell) but I'm in pretty much 'Boots, Balls and All', waiting to enjoy the rewards and maybe also a well deserved "holiday" Ha Ha !!!

 

agreed, all about timing unfortunately. I am thinking to just hedge the position until info on this litigation comes out. If this 80c breaks i fear lots of pain to come 

[Everlearning]

Maybe lack of news that has everyone jittery. Also does not help if market is talking up negative sentiment.

 

In my view the Company is moving in the right direction and things certainly look more promising than a year ago so why all the nervousness?

Just because management have been quite, does not mean no progress is being made, to the contrary, I belive we will sonn hear some good news with regards to stage 2 of the 3 planned recovery strategy.

 

Maybe foolishly, (time will tell) but I'm in pretty much 'Boots, Balls and All', waiting to enjoy the rewards and maybe also a well deserved "holiday" Ha Ha !!!

[Scalptrader]

How to understand "being married to your trade"? (A long one for this morning but stay with me )

 

The psychological phenomenon at work is called “cognitive dissonance”. As humans, we like harmony and order in our lives; if something is not going according to plan, we fix it and find solutions to bring everything back into a state of order. 

 

There was an experiment where professional racehorse handicappers (people who bet on horse racing) were asked to estimate the likelihood of certain outcomes of horse races before they had placed any bet. After they had placed their bets, they were asked again how certain they were about the outcome of the race.

 

The obvious findings: after they had placed their bet, the professionals were much more certain and convinced that their decision was the right one, even though nothing had changed.

 

The horse bettors bet their money on a certain outcome and in order for them to achieve a state of harmony, their minds made them believe that their decision was the right one. It creates a lot of stress if they would have started doubting their decisions and we usually do everything to avoid doubts and stress.

 

In trading, it works exactly the same. We buy a certain instrument because we believe that its price will go up. But, if prices start falling and our position moves against us, we look for information that confirm our initial idea. We try to create a state of harmony and congruence by creating a strong sense of certainty. The more price goes against us, the more certainty we need to avoid cognitive dissonance, which then creates the effect of “being married to a trade”. Cognitive dissonance causes feelings of unease and tension, and people attempt to relieve this discomfort in different ways. Examples include “explaining things away” or rejecting new information that conflicts with their existing beliefs. When traders make a one-sided market analysis and then are too convinced that they “know” where price will go, then they won't see any information that they are wrong.They then  try to come up with excuses why breaking  entry rules, chasing price or using too much risk is a good thing.

 

Basically one  wont cut their loss because it would confirm that are were wrong.

[woolhoff]

All the long term guys here....what are your thoughts.

Ive followed this chat for the oast few years and note all the sentiments. My story is the ffg: I bought in for 600k in december 2016 with ALL my savings with the hope I was going to double my money (call me stupid or whatever i know),and through averaging here and there I now have a 171000 shares at R3.55.

I remember seeing R310k value in march this year when the share price hit R1.80 for a brief moment and regret not selling then. Letting bygones be bygones, what should i do now??? I am not in need of the money and if I hadto wait 5 years to see a Million rand guaranteed(R5.80)(which nobody unfortunately can guarantee me) with SNH I would accept this and wait. Ive had many sleepless nights in the past feeling like im about to puke when i seen the share price tank,but have now made peace and moved on. Fyi my current value is sitting on R140 000.

Would appreciate some feedback.

[BradH]

Is there news or something ? everyone seems to be in panic today.

I am 100k in, holding until the end.

I think there's a lot of negative media and press atm after that shocking AGM last week and how LDP has managed things so far, the market has not responded well as indicated in the big drop to 80c.

[DeltaHedge]

Spot on!

 

Is there news or something ? everyone seems to be in panic today. 

 

I am 100k in, holding until the end.

[BradH]

This is a high risk speculative share and should be weighted accordingly in your share portfolio. And you should sleep at night. If no sleep ...rethink this

Spot on!

Edited by BradH, 07 September 2020 - 10:44 AM.

[DayTraderDad]

Haha small things amuze small minds!!! How on earth is the mamagement salary would pay off debt? Further LDP is not making all the decissions he is simply implementing the board decisions.

 

Further have you guys heard pay peanuts why hire monkeys!! Please do a reality check and see how very cleverly SNH is navigating SNH!!! Dont blame this management for the previous mamagement greed.

 

If I has to be continuously criticised by people like yourselves every day I would demand s increase!! Take a break have a green beer and in the near future you will find out how wrong you have been

[Investment novice]

This is a high risk speculative share and should be weighted accordingly in your share portfolio. And you should sleep at night. If no sleep ...rethink this

[BradH]

I am still in. I personally knew from the start that I am not making an investment decision when I purchased this share as there was nothing solid (to many variables) to base an investment case on.

 

This is a share which you were either going to lose whatever you put in or you are going to get returns of 100% plus (personally hoping for 500% plus from these levels). Either way you should be prepared to lose it all. This is how I decided to take a punt at this share. I did not bet the house but I put in enough so that if it gave me my 100% plus return it would pay for the next couple of vacations which you will need after all the stress of holding the share.

 

I do not see the point in jumping ship when you have lost 50% of your investment (Taking you bought at R2 and share now at 80c).

 

I am holding till they either go broke and de-list my shares or until I get my vacations paid. (Still hoping it will rather be the latter). But in the interim, keep the rennies close cause this one is going to give even the bravest of us all a proper heartburn.

 

Good luck to us all.....

 

I approached it the exact same way, basically exactly the same plan I would take walking into a casino; the amount I have in pocket is what I am willing to lose. I also said when I bought in that I would give it three years, it has now come to the end of year 1. My shares are averaged out at R1.45. It falls under the extremely risky segment of my stock portfolio.

[JR7800]

A lot of doom and gloom this morning. So are you gents pulling out and cutting your losses? Who is still hanging on?

 

I am still in. I personally knew from the start that I am not making an investment decision when I purchased this share as there was nothing solid (to many variables) to base an investment case on.

 

This is a share which you were either going to lose whatever you put in or you are going to get returns of 100% plus (personally hoping for 500% plus from these levels). Either way you should be prepared to lose it all. This is how I decided to take a punt at this share. I did not bet the house but I put in enough so that if it gave me my 100% plus return it would pay for the next couple of vacations which you will need after all the stress of holding the share.

 

I do not see the point in jumping ship when you have lost 50% of your investment (Taking you bought at R2 and share now at 80c).

 

I am holding till they either go broke and de-list my shares or until I get my vacations paid. (Still hoping it will rather be the latter). But in the interim, keep the rennies close cause this one is going to give even the bravest of us all a proper heartburn.

 

Good luck to us all.....

[BradH]

A lot of doom and gloom this morning. So are you gents pulling out and cutting your losses? Who is still hanging on?

[Lionelza1]

Haha now the conversations seems to be aligning itself with the reality of what's happening. the useless management.

[Tom]

What adds insult to injury are the massive bonuses on top of the already massive salaries (that are still based on the pre-scandal salary levels, when Steinhoff was thought to be an extraordinary success based on extraordinary set of talents that turned out to be a big myth many people wanted to believe).

Bonuses for what !!! For the spectacularly horrible financial results that keep coming the one worse than the other !!!

They should actually take a cut on their over-massive salaries.

Also the SNH shares they planning to take monthly or yearly, must be part of their (( basic )) salary, not on top of it.

Edited by Tom, 07 September 2020 - 09:30 AM.