Look at volumes traded most are optimistic...almost 40 million bought on day of results. 10 percent odd sold pff profit taking....this indicates market pro snh share and as you say the price fluctuation is just trading
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I agree volumes speaks for it self. There is a misinformation going around (this is my own opinion and not designed to fraud people) about the so called Mr. Market that establishes to true price but in reality there is no such thing as a free market forces because the real truth markets are manipulated.
No one knows everything about the share price and what it affects it otherwise that person would be sitting in all the cash of the world.
Take for example how people been saying the price will be going to R1 next week the week comes and nothing then the great theory of the ZERO this been called over a year now and still not materialised. I been expecting a R7.60 and also not materialising so that confirm there is a lot of guessing going around.
For me the two single most important things to be announced are:
1 - CVA implemented - This will change the going concern because the current liabilities less then current assets. Yes we all expecting this will happen but quite sure people will not believe until it happens because possible delays extensions etc.
2 - Final restructuring - Exactly how is SNH planning to pay the debt? Is it the debt going to be given to each unit like MF taking the E2.9 bil. What will the company look like? How will the balance sheet look like will it be strong that the rating agencies can say SNH bonds are investment grade? The big issue at present is the 10% interest is very high so will they be able to get cheaper loans after the restructure?
For me the claims are long term issues and everybody knows that there are 43 parties involved and the total possible damage is E6 bil that means each party pays E139 mil and all done but that is if there is a 100% so what happens if claims settle at only 20% of the claim then that figure per party is down to E27 mil.
In the mean time PEPCO continues to grow now 1675 stores five more opening on the 18th.
Anyone that thinks SNH is a quick turn around are you will make massive profits on long term holding has the wrong idea. At present SNH is great for day trading due to the volatility.
Anyway this is my thoughts not to defraud people or bulsxxxt just simple my views