15225 replies to this topic

[Polly]

Hey DTD, Batten down the hatches!!!

 

Its going to get brutal on this ShareChat platform...a few members are going to have a field day!

 

Take cover and Best Regards

Captainfrom82

 

Mr Fraud , i wont give you the honour and privilege. I just wont....

 

"hate" and  now the word "brutal"...sounds gangsterish to me

 

 

See you got it all wrong again....

[Polly]

Is what I tried to point out in that dumb sens they issued... T's & c's on a sens issue? That's that useless lawyer CEO imo not fit for the job... His expertise needed yes indeed.... But NOT as CEO.... Oh well... And they STILL giving us dates? What for? They just useless and clueless

My only hope is that Mr Market does not lose interest coz if they do..... Pollys big fat zero hey

Gonna visit my shrink again for a friggen refund!

Sent from my BLA-L29 using Sharenet Sharechat mobile app

 

 

You were right!!!

 

 

 

 

Deloittes will have to sign accounts....Expect first major delays  and then major impairments as they need to do the investigation in order to sign accounts off

 

Check my date stamp.....22March..what did i say and what happened?

 

besides the useless and incompetent management , anyone else here who thought they will meet those deadlines were even more  stupid , ignorant, foolish , misinformed , moronic  and dunce liked than management..

[Polly]

Haha yes already bought lots of green beer and strong pair of eye muff!!!

 

TIP on investing:

 

never follow anyone advise whos a perpetual drunkard

[Polly]

I wish that I could be a fly in that boardroom. My take this has to do with preparing a court case against the Ocean 8.(Remember the movie!!)
Already smelled a rat when VEB agreed to extend standstill until the 15th May.
If you look at the volumes is not exactly a massive sell off. We have to brace for when the USA wakes up but if it survives the share will
go back up. For you POMPERs I think its a good opportunity!!! Haha

and another troll post...getting out of hand i see...

 

Is this guy a real investor to post such nonsense...

[Polly]

Haha with SNH anything is possible. There lots of nervous people around. Yesterday read a report algorithms trading are confused with Brexit because
there are over 400 articles a day and all mixed up good and bad.

More Troll post to confuse and misinform on PS problem on hand

[Polly]

Just another thought, again nothing concrete with no data but:

- Why would an ex-PWC global leader join a company like Steinhoff if it there wasn’t upside potential?
- Over and above that, he was leading the 15-month investigation across the globe?
- Surely he has enough info to make the call of joining them? If there was no hope, he wouldn’t want to end his stellar career like that?

just my opinion when i connected the dots..

 

back to Du Preez  -  Werkmans    -  PWC

 

To me MJ is still in control from behind scenes ...Thats all i can say as im being watched by the Gangsters...

[Polly]

Pure gut feel here: delay to 7th May was probably necessary due to extra workload to finalize the statements. The delay to 18th June for 2018 (that’s over 2 months from today) is probably due to them expecting to finalize CVA and LUA by then. This will ensure that at least the company isn’t technically insolvent. If they issue 2018 prior to restructuring finalization, current liabilities might be greater than current assets?

Again pure guesstimate, any thoughts?

excellent point picked up..besides the CL exceed the CA bit...bet u meant TL exceed TA for a company to be technically insolvent...

 

will expand on point this later

[Polly]

I wounder if this is all not linked to Brexit because PM now asking EU for extension until 30 June!!!!
If they want to list PEPKOR Europe in London ( which I think is part of the restructuring) then surely needs to be done
with a stable pound!!! Hahah green beer is working!!!

after blaming all and sundry , now he blames brexit for the drop in share price...eish...

 

always barking up the wrong tree

 

another troll post..

[Polly]

0.60% of STEINHOFF INTERNATIONAL HOLDINGS NV (DE) is now shorted by MARSHALL WACE LLP.

and what does this mean?? You trying to say Marshall is my company??

 

naw another Troll post

[Polly]

For me start with the answer to what is a REMEDIATION PLAN:

" A remediation plan is essentially a list of items or issues to fix in an environment.
An organization can have one large security remediation plan or have multiple smaller ones."

So my take in the investigation there must have been a number of items that require fixing in the
accounting system so the need for Louis Strydom which after 15 months surely has the full picture.

I cannot see all these systems to be put in place and then close the doors of the business.

It looks this issue is much more complicated/complex than we all can imagine and will change the accounting future
once all the information is in known and we will find out that out there are lots of Steinhoff

I guess in time the real book about Steinhoff will be written and then we will get to know exactly what went on.

 

Troll useless posts

[Polly]

Just to give you guys something to think about:

 

1 - KAP the only thing it contributes to SNH cash flow is the dividends which the last one was R0.23. So that means a return in investment of 3.34% yet SNH paying 6% to 10 % interest.

2 - The prospects of KAP share price taking off into the sky is limited so growth will be limited however we know the SA economy is in a bad shape.

3 - There is a strong possibility of a further downgrade of SA to junk status very soon which will possibly take the Rand to R18 to the Euro.

 

So for any astute business man it is a no brainer this was the best route to take and has nothing to do with bankruptcy etc.

 

 

Thanks its a good idea!

 

 

I also bought at 7.00  liked your thoughts should reset to the 7.60 soon.

 

 

The height of hypocrisy..

 

Any astute businessman will sell KP shares as prospect of share price taking off is limited and more money can be made in the Pyramid scheme..

 

 

and 2 hours later haha posts he invested in Kap..

 

Does this make any sense to any one really interested in his posts?????

 

What a fakester , fraudster , liar or sickkie!  Could be any one 2 or 3 of those...

 

 

Naw just a TROLL whose 2c is actually is worth a fat zero in his opinions.

[DayTraderDad]

For me start with the answer to what is a REMEDIATION PLAN:

" A remediation plan is essentially a list of items or issues to fix in an environment.
An organization can have one large security remediation plan or have multiple smaller ones."

So my take in the investigation there must have been a number of items that require fixing in the
accounting system so the need for Louis Strydom which after 15 months surely has the full picture.

I cannot see all these systems to be put in place and then close the doors of the business.

It looks this issue is much more complicated/complex than we all can imagine and will change the accounting future
once all the information is in known and we will find out that out there are lots of Steinhoff

I guess in time the real book about Steinhoff will be written and then we will get to know exactly what went on.

[Midas1]

Hi..i would guess if a large salary on offer thats why regardless of previous career, particularly if its his Last few earning years..unfortunately most folk more interested cash than anything else...if snh went down sonn wont look a rascal she will move on elsewhere..just mo..

[Burnt as well]

Just another thought, again nothing concrete with no data but:

- Why would an ex-PWC global leader join a company like Steinhoff if it there wasn’t upside potential?
- Over and above that, he was leading the 15-month investigation across the globe?
- Surely he has enough info to make the call of joining them? If there was no hope, he wouldn’t want to end his stellar career like that?

[DayTraderDad]

0.60% of STEINHOFF INTERNATIONAL HOLDINGS NV (DE) is now shorted by MARSHALL WACE LLP.

[DayTraderDad]

Very good point !!!

I wounder if this is all not linked to Brexit because PM now asking EU for extension until 30 June!!!!
If they want to list PEPKOR Europe in London ( which I think is part of the restructuring) then surely needs to be done
with a stable pound!!! Hahah green beer is working!!!

[DayTraderDad]

Pure gut feel here: delay to 7th May was probably necessary due to extra workload to finalize the statements. The delay to 18th June for 2018 (that’s over 2 months from today) is probably due to them expecting to finalize CVA and LUA by then. This will ensure that at least the company isn’t technically insolvent. If they issue 2018 prior to restructuring finalization, current liabilities might be greater than current assets?

Again pure guesstimate, any thoughts?

Very good point !!!

[Burnt as well]

postponement of financialsThe Group estimates that it will publish its audited financial statements on the following dates: • Group 2017 financial results – 7 May 2019, • Group 2018 financial results – 18 June 2019, • Steinhoff Investment Holdings Ltd 2017 – 28 June 2019, and • Steinhoff Investment Holdings 2018 – 28 June 2019.

Pure gut feel here: delay to 7th May was probably necessary due to extra workload to finalize the statements. The delay to 18th June for 2018 (that’s over 2 months from today) is probably due to them expecting to finalize CVA and LUA by then. This will ensure that at least the company isn’t technically insolvent. If they issue 2018 prior to restructuring finalization, current liabilities might be greater than current assets?

Again pure guesstimate, any thoughts?

[Lionelza1]

Yea.... Slow poison will happen till the next set of news.... I'm gonna be patient maybe that 1.60 will come

[DayTraderDad]

Hahaha I am seeing it as an opportunity to POMP.... R1. 60 is what I wait for.... Doesn't look like it will get there

Haha with SNH anything is possible. There lots of nervous people around. Yesterday read a report algorithms trading are confused with Brexit because
there are over 400 articles a day and all mixed up good and bad.