15225 replies to this topic

[DayTraderDad]

And then what, pay off the debt and lose the best growing asset you have.

How far will an offer like this increase the price to top out?

Your views,

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I agree this is actually bad news don´t quite understand the rational for the share run up. It can only be again another short squeeze.

How can anyone be so exited when SNH is contemplating selling the only option they have for growth at a good rate. Anyone with some insight?????

[Bubble]

And then what, pay off the debt and lose the best growing asset you have.

How far will an offer like this increase the price to top out?

Your views,

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Edited by Bubble, 03 February 2020 - 06:49 PM.

[MrGermanGuy]

Read this

 

https://news.sky.com...parent-11925615

 

up go 5 Billion! €

[Midas1]

Haven't been following can anyone give me a quick sum up why up 20 percent thanks

[Investment novice]

The pump is on.... Hopefully start seeing proper volumes and computer buys... If that happens... Could see 120, then 140, even r2????
Hooefulky with significant info we start to break r2, we know this share can fly.... And again hopefully not see a dumo on day 2

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[andi222]

This week is an important deadline for GP 5.2.2020 is the last day to sign up for the claims. Might hear something this week.

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[MrGermanGuy]

Global Peace is the only big catalyst,

my best guess around end April, anual figures should include in our best wishes

[andi222]

Yes MF performed really well.
If u compare Q1 2019 with Q1 2020 there is about a 15-20% increase in revenue.

What is amazing tho is that even though they have written off another 300 Mil Dollar Goodwill, they have managed to increase the equity by around 200 Mill to 1.3 billion Dollar.

What makes the whole thing even more interesting is that if you look at HY results of Steinhoff, MF has a carrying value of 28 Million $.

Steinhoff currently owns 49% of MF. So just on a high level they own 49% of the 1.3 billion equity of MF. They basically have on accounted for a carrying value of 28 Million $.

If Steinhoff would sell MF today and would receive the 650 Million Dollar equity they would have a gain of 620 Million dollar. Or in other words around twice it's current market cap.

[DayTraderDad]

https://dm.epiq11.co...essfirm/dockets

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Thanks Bubble for the info. Looking good Equity 1,3 Bil

[MrGermanGuy]

Mattress performed nice, that is a reason for Trader to trade,

global peace is the problem, many people are waiting ......

 

[Investment novice]

Translate in english pls ... Why would this make the share gain 10%

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[Bubble]

https://dm.epiq11.co...essfirm/dockets

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[Bubble]

https://dm.epiq11.co...essfirm/dockets

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[MrGermanGuy]

Outside offical time 

 

https://www.ariva.de...t?boerse_id=131

 

 

[Bubble]

Something happening...any reason why? Anybody know?

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[Captainfrom82]

Flogged Greenlit Attempts Come Back With $1 Billion Offer

 

By Camilla Theakstone| 31 Jan 2020

Share

 

Greenlit Brands, who reported a near half million annual loss yesterday, is understood to be in the works for a public offering next year.

The offer will be subject to improving trading conditions and company performance, with sources revealing that Greenlit Brand’s advisors, including Monash Private Capital and Rothschild, are seeking out parties in the market for their thoughts on the offering, believed to be worth near $1 billion.

 

 

But it’s believed a float may be some way off after the company reported a flogging in the year up to September, with a $288.5 million loss.

 

 

Discontinued operations that included the general merchandise division are said to be responsible for $125 million losses.

Greenlit sold off its general merchandise division, including Best&Less and the now embattled department store chain Harris Scarfe, last December to Allegro Funds.

The group’s parent company, Steinhoff International, has also come under hard times after being investigated for corruption early last year and faced near collapse in the midst of a weak economy and challenging trading conditions.

 

 

 

Sources in the market have revealed that one of the most recognisable brands in its division – Freedom Furniture – has underperformed, according to The Australian.

Greenlit Brands is now focusing on paying off its debt believed to be around $50 million and may sell off non-retail assets to invest capital into the business and reduce borrowings.

Speculation has suggested that Woolworths South Africa may have been considering listing some of Greenlit Brands’ parts, including brands such as Witchery, Mimco and Country Road.

 

 

[new john]

Pay wall.

Care to copy and paste?

[MrGermanGuy]

https://www.theaustr...e17f7d8abb602be

[Tom]

Greenlit Brands, Under Steinhoff International, Reports Near $300 Million Loss


Furniture and bedding Greenlit Brands, operating under parent company Steinhoff International, has reported a loss of $288 million after a significant impairment and losses from formerly-owned failed department chain Harris Scarfe.

Documents filed to the corporate regularly last night revealed Greenlit lost a total loss for the year up to 29 September amounted to $287.7 million – a significant increase from the $23,7 million loss for the 2018 financial year.

The company sold its general merchandise division to Allegro, a private equity company, last November.

In a report sent to Greenlit’s directors, the company made a statement of its underlying earnings before tax, interest, depreciation and amortisation (EBITDA) on ongoing operations that amounted to $49.6 million for the year – still bringing a drop of nearly 30 per cent from 2018.

‘[Greenlit] remains financially and operationally independent from its parent group, Steinhoff lnternational. [Greenlit] continues to carefully and methodically consider various options around separation from its ownership by Steinhoff,’ the directors said according to The Sydney Morning Herald.

[DayTraderDad]

https://www.sharenet...00&seq=2&scode=

 

Very good credit rating for Pepkor SA. This will impact Steinhoff's credit rating going forward. Very good news.

 

Yip this is the start!!!!