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#9541 Chris101

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Posted 02 April 2019 - 08:10 AM

January, sales momentum “was higher with over 16% like-for-like sales growth against January 2018, while sales per store during the January financial period increased by 34%,” Steinhoff said.
Steinhoff said Mattress Firm successfully completed its restructuring 48 days after its Chapter 11 filing last fall. The company now has “an optimized store footprint, a stronger balance sheet, and significant financial liquidity,” Steinhoff said

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WOW

That sounds good


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#9542 Investment novice

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Posted 02 April 2019 - 06:05 AM


January, sales momentum “was higher with over 16% like-for-like sales growth against January 2018, while sales per store during the January financial period increased by 34%,” Steinhoff said.
Steinhoff said Mattress Firm successfully completed its restructuring 48 days after its Chapter 11 filing last fall. The company now has “an optimized store footprint, a stronger balance sheet, and significant financial liquidity,” Steinhoff said

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#9543 DayTraderDad

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Posted 01 April 2019 - 03:09 PM

In accordance with section 122(3)(B) of the Companies Act, No. 71 of 2008, as amended, and
in accordance with paragraph 3.83(B) of the JSE Limited Listings Requirements, shareholders
are hereby advised that the Company has received formal notification in the prescribed form
from Allan Gray (Pty) Ltd (“Allan Gray”) that clients of Allan Gray have, in aggregate, acquired
an interest in the ordinary shares of the Company, such that the total interest in the ordinary
shares of the Company held by Allan Gray’s clients now amounts to 28.1372% of the total
issued ordinary shares of the Company.
By order of the Board
KAP Secretarial Services Proprietary Limited 

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#9544 Chris101

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Posted 01 April 2019 - 02:17 PM

Eish

 

This fighting and bickering takes up my WHOLE day to work though the mails.

hahaha

 

I love the technical info and news from various persons. Similar to Sarel's tread on Seeking Alpha where I believe one or two of you are also commenting on.

 

Steinhoff as a company is a good company similar to EOH.

Within the company we have a few criminals that has managed to tarnish and demonise the companies to such a extent that they are where they are today.

Steinhoffs market doesnt care about this fight they go and buy the stuff being sold on a daily basis.

To buy this quality underlying asset at this price is actually unbelievable.

Were it not for the few odd Billion Euro Debt problem.

But clever accountants buggered it up and Im sure clever accountants can fix this over time as well as long as Steinhoff keeps on trading.

 

So i dont agree with the Shapiros and all the doom and gloom people that the company is going under. They must just work through the figures and see that we have a company that should actually trade at R 16 - R 20 per share

 

The backlash for EOH is totally different and the disgrace of doing business with them is filtering through the market. Lots of small clients are moving away to other providers due to this. Price will go down and down for a while still I believe.

 

Why the Incredible hatred in the industry for Steinhoff I cannot really understand. 

 

We can make serious money on this share in the next year or two.....

Stay positive people.


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#9545 DayTraderDad

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Posted 01 April 2019 - 02:16 PM

The way I see it DTD, u have a picture less box with approx40% of the puzzle pieces in it and you trying to complete the puzzle.

Couple weeks to go for restated books so let's chill and wait for that picture... Then we try and put the pieces together

And it was either PUMP or POMP... I chose pump haha

Yes that's exactly what investing is all about. To have the ability to look for value though all the noise and the patient for delivery.

 

Warren Buffett once said that as an investor, it is wise to be “Fearful when others are greedy and greedy when others are fearful.” 


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#9546 Lionelza1

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Posted 01 April 2019 - 02:03 PM

The way I see it DTD, u have a picture less box with approx40% of the puzzle pieces in it and you trying to complete the puzzle.

Couple weeks to go for restated books so let's chill and wait for that picture... Then we try and put the pieces together

And it was either PUMP or POMP... I chose pump haha
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#9547 DayTraderDad

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Posted 01 April 2019 - 01:39 PM

I did post something useful imo. ... I said this thing is a piece of kak but I will Tata MA chance as I can AFFORD TO LOSE

I can't for the life of me understand how u guys invest/trade, I'm only 6mnths or so in it.... Surely u have to look at positives AND negatives in whatever ur investing... Argh anywayz this is getting too much.

Nice reply P. Enjoy Oz mate


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Hi Lionel I can guarantee from my side I do certainly look at risk and in fact it plays a big part of my investment decision. One thing I certainly don't do is play the pump game (this I learn in this forum) and take a TATA MA CHANCE. Another thing I don't do is take notice of vague statements by dooms day profits with hidden agendas to adjust my decisions.

I have been trading over 20 years and I can tell you how many times seen this movie of doom profits. I take in all information available and try to understand it, believe me even Polly posts I read and try to understand but I cannot ever get any sensible information all I see is a serious hatred for the share  with no information if one compares that to the very informative posts from Captain.

 

Take for example Polly comment:

@ haha...E 150 m very close to E200 m hay!!   :D   :D   :D

What does it mean??? It has no explanation so it means absolutely nothing and its designed to be a TROLL just to aggravate a person.

 

I acknowledge there is lots of risk in SNH but for me there is more positives because the PEPKOR Holdings and PEPKOR Europe are winning recipes with the later having a huge potential for growth in a market of 500 mil people which at present only scratching the surface. If SNH only consisted of Mattress Firm and Conforama I would not touch this share because PEPKOR Holding has limited growth due to the area it trades.

 

Anyway no point talking to you guys you just like to be different so stick to your Tata Ma Chance and in 20 years time you still have not learnt anything about investing.


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#9548 DayTraderDad

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Posted 01 April 2019 - 01:12 PM

Just want your views/opinions here;

 

Lets assume the best case scenario, the AFS is good and NAV of around EUR 0.58c is still the case. SNH is generating cash, which according to me is the most important thing and the restructuring plan is in place/communicated. (Yes, I know these are big IF's for some to swallow) The income statement is going to be ugly expecting a loss of about 20 cts a share. The whole cleaning up process until fully restructure is expensive. FY 2019 and FY 20120 will show a remarkable turnaround.

 

- How badly will the institutional investors boikot SNH due to being burned before. Every month institutional investor receive a considerable amount of cash from pension deduction to invest and with the prospects of falling interest rates they need to find a home for that money. Once the accounts have been cleaned out and the restructure in place I believe there will be interest on the share.

- How much boikot due to nobody going to jail PEPKOR Holdings is the only identity left in SA and they business is to provide goods at affordable prices and with the slow down in SA dont see people boycotting Pep Stores, Ackermans to go to buy at Woolis or Mr Price. So by boycotting people would be shooting themselves in the foot. I am certain there will be people going to jail but will take time.

- How much will everyone else boikot due to not wanting anything to do with anything CW owns. At present SNH is being more influenced by creditors and has much more controls in place so less change for lighting from the blue to happen.

 

Personally, I expect 50% of NAV. I agree but retail share price is usual higher then NAV it has to do with the profit on the turnover. Maybe Captain can advise

 

Tx

My 5 cts so now brace myself for the wrath of the TROLLS.


Edited by DayTraderDad, 01 April 2019 - 01:12 PM.

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#9549 Bubble

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Posted 01 April 2019 - 12:21 PM

Just want your views/opinions here;

 

Lets assume the best case scenario, the AFS is good and NAV of around EUR 0.58c is still the case. SNH is generating cash, which according to me is the most important thing and the restructuring plan is in place/communicated. (Yes, I know these are big IF's for some to swallow)

 

- How badly will the institutional investors boikot SNH due to being burned before.

- How much boikot due to nobody going to jail

- How much will everyone else boikot due to not wanting anything to do with anything CW owns.

 

Personally, I expect 50% of NAV.

 

Tx

 


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#9550 Lionelza1

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Posted 01 April 2019 - 12:05 PM

Exactly what are you trying to get at? You have never posted anything useful so let it go!!!
Go and look for another share to run down!!! You and Polly just always kill conversations don't you get tired!!! If you have information have the guts to put it in writing and stop all these vague comments.


I did post something useful imo. ... I said this thing is a piece of kak but I will Tata MA chance as I can AFFORD TO LOSE

I can't for the life of me understand how u guys invest/trade, I'm only 6mnths or so in it.... Surely u have to look at positives AND negatives in whatever ur investing... Argh anywayz this is getting too much.

Nice reply P. Enjoy Oz mate


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#9551 DayTraderDad

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Posted 01 April 2019 - 11:12 AM

For people that don't know what is a PYRAMID SCHEME see the definition below:

 

It can only be a TROLL that can make a comparison of Steinhoff and a pyramid scheme!!!

 

Maybe POLLY needs to learn what is a pyramid scheme!!!!

 

 
A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.

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#9552 DayTraderDad

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Posted 01 April 2019 - 10:53 AM

It will be a great day when the TROLLS leave this forum so we can get on with intelligent and effective discussions.


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#9553 DayTraderDad

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Posted 01 April 2019 - 10:50 AM

For people that don't know what is a Troll below a simple effective definition beware for false information and judge for yourselves:

 

Forums: Forums are made for discussing topics with like-minded people, but every once in a while, a troll will come in and start spewing negative words all over the place. If forum moderators don't ban them, other members will often respond and before you know it, the thread gets thrown completely off topic and becomes nothing but one big pointless argument.

 

Why Do People Troll on the Internet?
Every internet troll has a different backstory and therefore different reasons for feeling the need to troll a community or an individual on the internet. They may feel depressed, attention-starved, angry, sad, jealous, narcissistic or some other emotion they may not be entirely conscious of that's influencing their online behavior.
 
What makes trolling so easy is that anyone can do it, and it can be done from a safe, isolated place as opposed to interacting with others in person. Trolls can hide behind their shiny computers, screen names and avatars when the go out trolling for trouble, and after they’re all done, they can carry on with their real lives without facing any real consequences. Trolling makes a lot of cowardly people feel stronger.

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#9554 DayTraderDad

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Posted 01 April 2019 - 10:39 AM

 

Good evening from OZZ..
 
To that harvard drop out how accused me of lying , having an agenda blah blah...I asked you 2 questions on that Pyramid scheme thread , one last week and one a month ago..So much for answering it.
The only liars here are these so called " Gurus" who have only one object in mind...To mislead , to suck the innocent  in here. MR Harvard dropout , you play with words people post but dont read between the lines..Tom may have said bankrupt and sure was wrong term...he may not be an accountant or English guru but try to understand his point..I did...All he meant is this company is financially technically  insolvent , illuquid , in  dire straights , assets exceeds liabilities , a goner.. Surely he is entitled to views , right or wrong..All you do is try to get technical without understanding the point. In fact the use of the word "WE" tells it all why you are here. I dont care 2 hoots of what you have to say about me. And i will repeat again. You not an investor. You a gambler.
You and Mr haha talk of posting facts. What is facts? Facts we all know. We dont want that regurgitated here especially from Haha who fills the thread with  nonsensical facts. Facts is embedded in price. Thats why the pyramid scheme was sold off to R1.80. The purpose of any forum is to post forward looking opinions and not past  "facts".. and you talk of facts.How can the last historical figures be facts? This is ullls main problem.Fact for 2016/2017 but certainly not fact for 2018/2019. A lot has changed since the last financials  and you can say fact only when the lastest afs comes out. So dont go try impressing with the facts from the last afs as you think it is the be all.. With the scope of fraud that happened , those figures actually mean f@ckall .
 
 
 
How can the past historical figures being used in your Pyramid scheme model as facts can ever ever ever ever ever ever be relied upon? Your typical E9.4b debt is the typical example and their are many more in your posts. It obviously takes many Charlatans , many liars , many misinformed people , many Trolls , many people with inferiority complexes, many dangerous liars , many people with agendas , many fools , many haters , many fake posters , many people sprouting the usual rubbish without quantifying anything , many miserable people , many conspiracy theorists, many Ig tricksters, many hate speech posters,many arrogant posters, many people who want the pyramid scheme to fail and be shut down , many people who have hatred and bias on the pyramid scheme , many socialist people pro PPF , many people making ludicrous claims against the Pyramid scheme,  many people whi have an axe to grind with the Pyramid scheme despite what they tell you, many people who are all smoke and mirrors ,  many people who are vague and unclear in thier comments , many people who never answer questions directly, many people who are slippery than an eel in an oil drum , many people who categorically cannot say what will happen to the Pyramid scheme, many people who cannot provide a shrew of evidence on their views, many people who are all hat and no cattle , but then  hay who am i  to say you on the completely wrong track and are purely gambling on this pyramid scheme. Oh yes...Price is price...all your "false" historical data is embedded in price. and thats the reason you should pay some heed as to why price is below R2.00 and not R5.00 or R10.00 or whatever price you suggesting. So you can write all what you want about me , at the end of  the day Mr Market is way ahead of your false fact  calculations, models, harvard and Guru  way of thinking!!!!!!!!!!
 
You called me a liar...Ok let me speak the lies which make make you and the so called other  Gurus all excited thump your chest.....Im invested 5 million shares on short side in this Pyramid scheme at  close to ath R85.00 . Im now shaking in my boots as Pyramid scheme management is so good that they selling liquid assets to invest in better existing businesses. My short in big trouble. So my agenda is to make sure no one goes long. Also this is accounting errors where MJ came in middle on night to amend the accounts on PC so we need to blame the auditors. Sheex now im in real touble with my shorts as the Pyramid scheme will recover from Deloittes.  MJ did nothign wrong and will walk a free man.. This share going to go back to ath. And there my zillions get smoked into thin air.
What do i do know...Well better post in Pyramid scheme thread to mislead okes not to buy but sell to take price further down. Happy now or feeling more miserable??? Or is the reverse true on the gurus investing here and pumping the pyramid scheme??
 
PS the Gurus have lots to lose i have nothing to gain...
 
 To the other members ,think guys think....
1. Gurus only post on this share and nothing else
2. Have they shown their entries? ( probably too embarrassed )
3. Every sens posted by the Pyramid scheme , be it negative has been interpreted as positive by the Gurus.
 
 
 
Gurus lets make a deal....
 
If you stop spreading lies and insults  about me , i promise i wont spread  the truth that i have being doing about youll.....Go figure that!!!
 
 
@ Mr haha said  something like this.... i own shares in the Pyramid scheme and wont allow anyone to talk bad about  management . What tripe... I see your responsibilities towards her cos you married to her forever !!! Shes not the real deal though... All those models you using have historical data is similar to her old pics. Shes changed a lot since..for the worse!!!!!
 
@ haha...E 150 m very close to E200 m hay!!  :D  :D  :D
 
 
Hilarious has the thread become....
 
 
OH yeah juts saw the Gurus last past now.....Wow......Dots connecting up perfectly...
 
Ok i admit im a liar...I said you a Guru ,  an investor but a gambler... I got it totally wrong... Honest lie though...Now i say u not even a gambler , investor or a Guru.... none of those
 
 
You are part of the Mafia , a gangster a fraud....... newbies are all asleep here..Only Lionel has picked this up...
and another so called Guru in thsi forum part of the mob
 
 
1. Haha joined this forum using  an alias name  ( as per Lionel)...Only share he posts on is the Pyramid scheme..Attacked me a number of times for negative comments on the PS..( Pyramid scheme)
2. havng failed to shut me off , another member of the gang joins in... Sweet talks me on his first post addressed to me...Go check it out.. Realizes he cant win me over...Insults and name calling starts. 
3. With that failing , he then goes on a character attack  ( why i dont invest in pension funds , medical aid etc)
4. Gets worse with every post he makes and then says im a liar, dangerous liar...
5. This is exactly how the mob works.. " This is a classic bait and switch or misdirection tactic that is used extensively by those who wish to misinform.  It was used by the Nazis and many illegitimate "authorities". and still being used by the Jews There is nothing like having your enemies lose credibility."  See how this tactic was used...Mirror reflection again..
6. Like mr haha, he too only posts on the Steinhoff thread...check the complements they give to one another.
7. Mr haha....i take offence to anyone criticizing or running down management...says a lot of these gangsters hay..
8. Ganagsters wanted to me to post something private to his email address??? This is how the Mafia operate...They want all info about u..
9. Was it a coincidence about 10 days ago i get a PM from the 3rd gangster? I dont think he is related to these 2 but u never know.. I dont answer Pms...deleted it immediately..  Thats why i say coincidence or not? 
10. When anyone talks of poor existing or corrupt management , see how defensive they get..
11. Whats next for the mafia/gangsters? they insulted , called you a liar , attacked your character...and when all faisl they come for you and your family..
 
Lionel my advise to you is stand off....This is some serious matter....I said gambler but its more the owner of the casinos operating here...House never losses..When they see u winning , free drinks , free woman , free accommodation... Why?? if you continue winning what happens to you??  same here...
 
read this post again guys :
 

 

I need to be exceptionally careful in what I say and how I put across my interpretations.  Firstly, I have a loyalty to some people involved in cleaning up the Steinhoff mess.  I will not betray that trust.

 

And secondly, already I have been accused of acting/being a "guru".   Which in itself is weird, because all that I did was point out the some of the members on this platform lacked credible evidence for their arguments.  In other words, they have put across a hunch, gut-feel or outright lie.  Their insistence for example that Steinhoff was insolvent and bankrupt is an example of this. 

 

They then warn everyone that other posters are misinforming this ShareChat platform.  This is a classic bait and switch or misdirection tactic that is used extensively by those who wish to misinform.  It was used by the Nazis and many illegitimate "authorities".  There is nothing like having your enemies lose credibility.

 

So whatever, I post, I have to back this up.  With evidence and with an explanation for my interpretation of the evidence.  You are spot on about me knowing more than what I can type.  But I can only speak on what is public knowledge on Steinhoff, or what the public could learn themselves if they dug a little.

 

 

Best Regards

Captainfrom82

 

 

and read my  post from about a month back :

 

Hint : mafia style operation... i pointed out the dots....may be true may be false...but always a possibility!!

To you it shows management is trustworthy...alternative view: They dont want that report leaked cos they protecting someone/ a few..

 

What is the relationship between Du Preez and MJ???  even before the mess happened?

Only Du Preez has a hard copy....others who have a soft copy cant copy it...Why only Du Preez? Why not Heather Son?

 

 

and my summary post of the PS...

 

There are a few wanna  be Gurus ( now gangsters) here that pretend and  make it look like it’s easy money to be made in investing here.

They walk in here,throw in some billy big balls dialogue and make newbies believe it’s a walk in the park. Well that aint the truth and thats aint me.( how frikken true)
Human nature is to follow that crowd , most do it one way or the other because you feel safe in doing it.
It’s none of my business what people say of me and think of me. I am what I am and I do what I do. I expect nothing and accept everything.
Good market analysis can certainly contribute to and play a supporting role in one’s success, but it doesn’t deserve the attention and importance most Gurus mistakenly attach to it here n Steinhoff.
I wont repeat myself as i feel i have given my views/opinions on this " special" share over and over again and its "special valuation" i have placed on it looking at the backward sequence of events and uncertainties.
Unmanaged emotions by these Gurus will make them see what they want to see, or what they fear to see, instead of seeing what's there to see.
 
It is easy for them  to put on a show and be all  cocky, and feel pretty cool and all that.  BUT, to express oneself honestly, not lying to oneself, that my friends here is very hard to do.Why is it that an 8 year old can look at a chart and immediately tell you the direction of the trend yet adults and Gurus with all their bells and whistles can’t figure it out?Why is it the share fell from +80 to current.
I’m only 60 years young. I’m not a “guru” or “expert” at this stage of my life. I’m sharing /advising and giving an opinion  on what I have  learnt from my past experiences and maybe seeing my journey helps some here in some way.( pay heed guys)...everything getting uncovered here
Im not forcing my view on anyone.Its an opinion and will remain as such. Anything can happen at anytime.My analysis /view/ opinion tells me what is likely to happen , not what is certain to happen...Know the difference!
We're dealing with probabilities, not certainties. The future on this share up or down still remains open.Lots of people won’t want to hear it what im trying to say. That’s ok. It’s not my job to please everybody.A good investor could be  is a wise contrarian but not  a stubborn one.
 
To the newbies always remember the trading/investing First Commandment: Thou shall not risk money that thou can't afford to lose.The Steinhoff current share price is not the same as value. Price is objective, Value is subjective.
The thing most love doing here and investing here is to fantasize about the profits to come. And then when things may not  happen according their fantasies, it going to inevitably upsets  most others here.
Im my opinion if you invested here already following the Gurus, the better approach is to imagine  that the trade might result in a loss and, consequently, prepare for it. Worst case scenario. If im wrong , enjoy the winnings. Because this surely is a bet , a gamble. To new investors here, would you invest in a gamble especially when again in my opinion the odds are stacked against you?
 
The mind of the new trader/investor is often cluttered with some get-rich-quick nonsense posted in some chat room which they must eventually come to unlearn in order to learn something real.
 
To predict the behavior of ordinary people in advance, you only have to assume that they will always try to escape a disagreeable situation with the smallest possible expenditure of intelligence . 
When people are under pressure, they tend to react blindly (out of fear) to protect themselves at all cost and hence the name calling , insults etc which i can handle but when attacks become personal , thats when i have to draw the line. hence the ignore list preference. I have 4 already and as of today i have included another so called Guru. Came in as a gentleman but subsequently found out to be no different attacking my character as to why i dont invest in pension funds etc. Ive told as much as possible about myself here but not all.What ive told , i get chastised on , imagine if i tell all..If only they knew!! They dont know me , this is a chat room and we all behind a curtain. I could say much more about my wealth, investments , lifestyle, etc etc etc but less said the better.These so called Gurus cant even post how much they invested here or even other shares. This i call the fear where they pump but know risk is there. And how about the guy who pumps but shorts in the share in the quiet. In my opinion he doesn't even short. Just calls the bluff trade to show how macho he is.
 
So people dont me misled , do you own homework ,,,,,,,and invest wisely!!!! Pumpers will try to protect their investments at all costs, even to your detriment!!!!!!
 
 
Im standing off ...My life is not worth the risk of these gangsters/mafia...
 
Suggest Lionel and Tom do same....

 

 

 

 

WARNING POLLY IS A TROLL DO NOT TRUST THIS POST!!!!!!


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#9555 DayTraderDad

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Posted 01 April 2019 - 10:34 AM

   

Yea Cappy, its a wonder Polly disagrees with you. You have a loyalty to others and inturn u do not realise how you mislead others on this forum with your posts. I do not know the stats but im pretty sure there's quite a few that reads these posts, i could be wrong.

A dog is loyal to its owner, that is the only place u will find true meaning of the word loyalty

I give it to you that you do elaborate on your posts, but i also know that you are selective in what you post

Dude does ur mates know you as Captainfrom82 on the sharechat platform.

Again i will ask, what is your deal? what do you do? Dont worry about loyaly....spill the other info u aint spilling, if there's any truth in what ur saying

 

   

Yea Cappy, its a wonder Polly disagrees with you. You have a loyalty to others and inturn u do not realise how you mislead others on this forum with your posts. I do not know the stats but im pretty sure there's quite a few that reads these posts, i could be wrong.

A dog is loyal to its owner, that is the only place u will find true meaning of the word loyalty

I give it to you that you do elaborate on your posts, but i also know that you are selective in what you post

Dude does ur mates know you as Captainfrom82 on the sharechat platform.

Again i will ask, what is your deal? what do you do? Dont worry about loyaly....spill the other info u aint spilling, if there's any truth in what ur saying

Exactly what are you trying to get at? You have never posted anything useful so let it go!!!

Go and look for another share to run down!!! You and Polly just always kill conversations don't you get tired!!! If you have information have the guts to put it in writing and stop all these vague comments.


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#9556 Polly

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Posted 01 April 2019 - 10:30 AM

Good evening from OZZ..
 
To that harvard drop out how accused me of lying , having an agenda blah blah...I asked you 2 questions on that Pyramid scheme thread , one last week and one a month ago..So much for answering it.
The only liars here are these so called " Gurus" who have only one object in mind...To mislead , to suck the innocent  in here. MR Harvard dropout , you play with words people post but dont read between the lines..Tom may have said bankrupt and sure was wrong term...he may not be an accountant or English guru but try to understand his point..I did...All he meant is this company is financially technically  insolvent , illuquid , in  dire straights , assets exceeds liabilities , a goner.. Surely he is entitled to views , right or wrong..All you do is try to get technical without understanding the point. In fact the use of the word "WE" tells it all why you are here. I dont care 2 hoots of what you have to say about me. And i will repeat again. You not an investor. You a gambler.
You and Mr haha talk of posting facts. What is facts? Facts we all know. We dont want that regurgitated here especially from Haha who fills the thread with  nonsensical facts. Facts is embedded in price. Thats why the pyramid scheme was sold off to R1.80. The purpose of any forum is to post forward looking opinions and not past  "facts".. and you talk of facts.How can the last historical figures be facts? This is ullls main problem.Fact for 2016/2017 but certainly not fact for 2018/2019. A lot has changed since the last financials  and you can say fact only when the lastest afs comes out. So dont go try impressing with the facts from the last afs as you think it is the be all.. With the scope of fraud that happened , those figures actually mean f@ckall .
 
 
 
How can the past historical figures being used in your Pyramid scheme model as facts can ever ever ever ever ever ever be relied upon? Your typical E9.4b debt is the typical example and their are many more in your posts. It obviously takes many Charlatans , many liars , many misinformed people , many Trolls , many people with inferiority complexes, many dangerous liars , many people with agendas , many fools , many haters , many fake posters , many people sprouting the usual rubbish without quantifying anything , many miserable people , many conspiracy theorists, many Ig tricksters, many hate speech posters,many arrogant posters, many people who want the pyramid scheme to fail and be shut down , many people who have hatred and bias on the pyramid scheme , many socialist people pro PPF , many people making ludicrous claims against the Pyramid scheme,  many people whi have an axe to grind with the Pyramid scheme despite what they tell you, many people who are all smoke and mirrors ,  many people who are vague and unclear in thier comments , many people who never answer questions directly, many people who are slippery than an eel in an oil drum , many people who categorically cannot say what will happen to the Pyramid scheme, many people who cannot provide a shrew of evidence on their views, many people who are all hat and no cattle , but then  hay who am i  to say you on the completely wrong track and are purely gambling on this pyramid scheme. Oh yes...Price is price...all your "false" historical data is embedded in price. and thats the reason you should pay some heed as to why price is below R2.00 and not R5.00 or R10.00 or whatever price you suggesting. So you can write all what you want about me , at the end of  the day Mr Market is way ahead of your false fact  calculations, models, harvard and Guru  way of thinking!!!!!!!!!!
 
You called me a liar...Ok let me speak the lies which make make you and the so called other  Gurus all excited thump your chest.....Im invested 5 million shares on short side in this Pyramid scheme at  close to ath R85.00 . Im now shaking in my boots as Pyramid scheme management is so good that they selling liquid assets to invest in better existing businesses. My short in big trouble. So my agenda is to make sure no one goes long. Also this is accounting errors where MJ came in middle on night to amend the accounts on PC so we need to blame the auditors. Sheex now im in real touble with my shorts as the Pyramid scheme will recover from Deloittes.  MJ did nothign wrong and will walk a free man.. This share going to go back to ath. And there my zillions get smoked into thin air.
What do i do know...Well better post in Pyramid scheme thread to mislead okes not to buy but sell to take price further down. Happy now or feeling more miserable??? Or is the reverse true on the gurus investing here and pumping the pyramid scheme??
 
PS the Gurus have lots to lose i have nothing to gain...
 
 To the other members ,think guys think....
1. Gurus only post on this share and nothing else
2. Have they shown their entries? ( probably too embarrassed )
3. Every sens posted by the Pyramid scheme , be it negative has been interpreted as positive by the Gurus.
 
 
 
Gurus lets make a deal....
 
If you stop spreading lies and insults  about me , i promise i wont spread  the truth that i have being doing about youll.....Go figure that!!!
 
 
@ Mr haha said  something like this.... i own shares in the Pyramid scheme and wont allow anyone to talk bad about  management . What tripe... I see your responsibilities towards her cos you married to her forever !!! Shes not the real deal though... All those models you using have historical data is similar to her old pics. Shes changed a lot since..for the worse!!!!!
 
@ haha...E 150 m very close to E200 m hay!!  :D  :D  :D
 
 
Hilarious has the thread become....
 
 
OH yeah juts saw the Gurus last past now.....Wow......Dots connecting up perfectly...
 
Ok i admit im a liar...I said you a Guru ,  an investor but a gambler... I got it totally wrong... Honest lie though...Now i say u not even a gambler , investor or a Guru.... none of those
 
 
You are part of the Mafia , a gangster a fraud....... newbies are all asleep here..Only Lionel has picked this up...
and another so called Guru in thsi forum part of the mob
 
 
1. Haha joined this forum using  an alias name  ( as per Lionel)...Only share he posts on is the Pyramid scheme..Attacked me a number of times for negative comments on the PS..( Pyramid scheme)
2. havng failed to shut me off , another member of the gang joins in... Sweet talks me on his first post addressed to me...Go check it out.. Realizes he cant win me over...Insults and name calling starts. 
3. With that failing , he then goes on a character attack  ( why i dont invest in pension funds , medical aid etc)
4. Gets worse with every post he makes and then says im a liar, dangerous liar...
5. This is exactly how the mob works.. " This is a classic bait and switch or misdirection tactic that is used extensively by those who wish to misinform.  It was used by the Nazis and many illegitimate "authorities". and still being used by the Jews There is nothing like having your enemies lose credibility."  See how this tactic was used...Mirror reflection again..
6. Like mr haha, he too only posts on the Steinhoff thread...check the complements they give to one another.
7. Mr haha....i take offence to anyone criticizing or running down management...says a lot of these gangsters hay..
8. Ganagsters wanted to me to post something private to his email address??? This is how the Mafia operate...They want all info about u..
9. Was it a coincidence about 10 days ago i get a PM from the 3rd gangster? I dont think he is related to these 2 but u never know.. I dont answer Pms...deleted it immediately..  Thats why i say coincidence or not? 
10. When anyone talks of poor existing or corrupt management , see how defensive they get..
11. Whats next for the mafia/gangsters? they insulted , called you a liar , attacked your character...and when all faisl they come for you and your family..
 
Lionel my advise to you is stand off....This is some serious matter....I said gambler but its more the owner of the casinos operating here...House never losses..When they see u winning , free drinks , free woman , free accommodation... Why?? if you continue winning what happens to you??  same here...
 
read this post again guys :
 

 

I need to be exceptionally careful in what I say and how I put across my interpretations.  Firstly, I have a loyalty to some people involved in cleaning up the Steinhoff mess.  I will not betray that trust.

 

And secondly, already I have been accused of acting/being a "guru".   Which in itself is weird, because all that I did was point out the some of the members on this platform lacked credible evidence for their arguments.  In other words, they have put across a hunch, gut-feel or outright lie.  Their insistence for example that Steinhoff was insolvent and bankrupt is an example of this. 

 

They then warn everyone that other posters are misinforming this ShareChat platform.  This is a classic bait and switch or misdirection tactic that is used extensively by those who wish to misinform.  It was used by the Nazis and many illegitimate "authorities".  There is nothing like having your enemies lose credibility.

 

So whatever, I post, I have to back this up.  With evidence and with an explanation for my interpretation of the evidence.  You are spot on about me knowing more than what I can type.  But I can only speak on what is public knowledge on Steinhoff, or what the public could learn themselves if they dug a little.

 

 

Best Regards

Captainfrom82

 

 

and read my  post from about a month back :

 

Hint : mafia style operation... i pointed out the dots....may be true may be false...but always a possibility!!

To you it shows management is trustworthy...alternative view: They dont want that report leaked cos they protecting someone/ a few..

 

What is the relationship between Du Preez and MJ???  even before the mess happened?

Only Du Preez has a hard copy....others who have a soft copy cant copy it...Why only Du Preez? Why not Heather Son?

 

 

and my summary post of the PS...

 

There are a few wanna  be Gurus ( now gangsters) here that pretend and  make it look like it’s easy money to be made in investing here.

They walk in here,throw in some billy big balls dialogue and make newbies believe it’s a walk in the park. Well that aint the truth and thats aint me.( how frikken true)
Human nature is to follow that crowd , most do it one way or the other because you feel safe in doing it.
It’s none of my business what people say of me and think of me. I am what I am and I do what I do. I expect nothing and accept everything.
Good market analysis can certainly contribute to and play a supporting role in one’s success, but it doesn’t deserve the attention and importance most Gurus mistakenly attach to it here n Steinhoff.
I wont repeat myself as i feel i have given my views/opinions on this " special" share over and over again and its "special valuation" i have placed on it looking at the backward sequence of events and uncertainties.
Unmanaged emotions by these Gurus will make them see what they want to see, or what they fear to see, instead of seeing what's there to see.
 
It is easy for them  to put on a show and be all  cocky, and feel pretty cool and all that.  BUT, to express oneself honestly, not lying to oneself, that my friends here is very hard to do.Why is it that an 8 year old can look at a chart and immediately tell you the direction of the trend yet adults and Gurus with all their bells and whistles can’t figure it out?Why is it the share fell from +80 to current.
I’m only 60 years young. I’m not a “guru” or “expert” at this stage of my life. I’m sharing /advising and giving an opinion  on what I have  learnt from my past experiences and maybe seeing my journey helps some here in some way.( pay heed guys)...everything getting uncovered here
Im not forcing my view on anyone.Its an opinion and will remain as such. Anything can happen at anytime.My analysis /view/ opinion tells me what is likely to happen , not what is certain to happen...Know the difference!
We're dealing with probabilities, not certainties. The future on this share up or down still remains open.Lots of people won’t want to hear it what im trying to say. That’s ok. It’s not my job to please everybody.A good investor could be  is a wise contrarian but not  a stubborn one.
 
To the newbies always remember the trading/investing First Commandment: Thou shall not risk money that thou can't afford to lose.The Steinhoff current share price is not the same as value. Price is objective, Value is subjective.
The thing most love doing here and investing here is to fantasize about the profits to come. And then when things may not  happen according their fantasies, it going to inevitably upsets  most others here.
Im my opinion if you invested here already following the Gurus, the better approach is to imagine  that the trade might result in a loss and, consequently, prepare for it. Worst case scenario. If im wrong , enjoy the winnings. Because this surely is a bet , a gamble. To new investors here, would you invest in a gamble especially when again in my opinion the odds are stacked against you?
 
The mind of the new trader/investor is often cluttered with some get-rich-quick nonsense posted in some chat room which they must eventually come to unlearn in order to learn something real.
 
To predict the behavior of ordinary people in advance, you only have to assume that they will always try to escape a disagreeable situation with the smallest possible expenditure of intelligence . 
When people are under pressure, they tend to react blindly (out of fear) to protect themselves at all cost and hence the name calling , insults etc which i can handle but when attacks become personal , thats when i have to draw the line. hence the ignore list preference. I have 4 already and as of today i have included another so called Guru. Came in as a gentleman but subsequently found out to be no different attacking my character as to why i dont invest in pension funds etc. Ive told as much as possible about myself here but not all.What ive told , i get chastised on , imagine if i tell all..If only they knew!! They dont know me , this is a chat room and we all behind a curtain. I could say much more about my wealth, investments , lifestyle, etc etc etc but less said the better.These so called Gurus cant even post how much they invested here or even other shares. This i call the fear where they pump but know risk is there. And how about the guy who pumps but shorts in the share in the quiet. In my opinion he doesn't even short. Just calls the bluff trade to show how macho he is.
 
So people dont me misled , do you own homework ,,,,,,,and invest wisely!!!! Pumpers will try to protect their investments at all costs, even to your detriment!!!!!!
 
 
Im standing off ...My life is not worth the risk of these gangsters/mafia...
 
Suggest Lionel and Tom do same....

 

 

 


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#9557 Lionelza1

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Posted 31 March 2019 - 05:54 PM

 

Hi Lionelza1,
 
I need to be exceptionally careful in what I say and how I put across my interpretations.  Firstly, I have a loyalty to some people involved in cleaning up the Steinhoff mess.  I will not betray that trust.
 
And secondly, already I have been accused of acting/being a "guru".   Which in itself is weird, because all that I did was point out the some of the members on this platform lacked credible evidence for their arguments.  In other words, they have put across a hunch, gut-feel or outright lie.  Their insistence for example that Steinhoff was insolvent and bankrupt is an example of this. 
 
They then warn everyone that other posters are misinforming this ShareChat platform.  This is a classic bait and switch or misdirection tactic that is used extensively by those who wish to misinform.  It was used by the Nazis and many illegitimate "authorities".  There is nothing like having your enemies lose credibility.
 
So whatever, I post, I have to back this up.  With evidence and with an explanation for my interpretation of the evidence.  You are spot on about me knowing more than what I can type.  But I can only speak on what is public knowledge on Steinhoff, or what the public could learn themselves if they dug a little.
 
 
Best Regards
Captainfrom82

 

Yea Cappy, its a wonder Polly disagrees with you. You have a loyalty to others and inturn u do not realise how you mislead others on this forum with your posts. I do not know the stats but im pretty sure there's quite a few that reads these posts, i could be wrong.

A dog is loyal to its owner, that is the only place u will find true meaning of the word loyalty

I give it to you that you do elaborate on your posts, but i also know that you are selective in what you post

Dude does ur mates know you as Captainfrom82 on the sharechat platform.

Again i will ask, what is your deal? what do you do? Dont worry about loyaly....spill the other info u aint spilling, if there's any truth in what ur saying
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#9558 Captainfrom82

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Posted 31 March 2019 - 03:31 PM

   

Thanks for response Cappy, my thoughts, you seem to have extensive knowledge on steinhoff, and that you are not being completely honest with yourself.

If i may, as a businessman and you are owing me monies, i'll screw you whichever way i can to get my monies back plus more! and i care a damn about saving jobs etc...not my problem(seifert, cw, tekkie town....those r huge hurdles) SO snh may use the law to suit themselves, but i feel it just delays the inevitable.

So steinhoff is bleeding, how they stop the bleeding i do not know. What i am waiting for now is for them to publish restated books which should reflect how financially strong/weak there are.

I did not follow details of CVA, LUA etc to understand how it works which i should....too much for me to follow

I still feel snh can be saved and i play for it, a must to see restated financials to understand how weak/strong they financials are.......it is comforting that creditors agreed to the restructing which tells me there's something they see in it.....the big boys are the concern

 

Hi Lionelza1,

 

I need to be exceptionally careful in what I say and how I put across my interpretations.  Firstly, I have a loyalty to some people involved in cleaning up the Steinhoff mess.  I will not betray that trust.

 

And secondly, already I have been accused of acting/being a "guru".   Which in itself is weird, because all that I did was point out the some of the members on this platform lacked credible evidence for their arguments.  In other words, they have put across a hunch, gut-feel or outright lie.  Their insistence for example that Steinhoff was insolvent and bankrupt is an example of this. 

 

They then warn everyone that other posters are misinforming this ShareChat platform.  This is a classic bait and switch or misdirection tactic that is used extensively by those who wish to misinform.  It was used by the Nazis and many illegitimate "authorities".  There is nothing like having your enemies lose credibility.

 

So whatever, I post, I have to back this up.  With evidence and with an explanation for my interpretation of the evidence.  You are spot on about me knowing more than what I can type.  But I can only speak on what is public knowledge on Steinhoff, or what the public could learn themselves if they dug a little.

 

 

Best Regards

Captainfrom82


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#9559 Lionelza1

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Posted 31 March 2019 - 02:04 PM

 

Hi Lionelza1,
 
As you are no doubt aware, Steinhoff is undergoing a financial restructuring, the basis of which is to only pay interest to the creditors if they can afford it.  The rest of the unpaid interest will be capitalised over 3 years and is due together with the principle debt by 31 Dec 2021.
 
You will see in all of the legal documents relating to LSW, that Steinhoff refer to "a company claiming to be a creditor of SEAG".  That is the is substance of the dispute.  Seifert claims that he loaned Steinhoff E300m, and MJ disputed this (while he was CEO).  Unfortunately, with MJ gone, Steinhoff are screwed as they have lost their key witness (I cannot see MJ coming to testify, and even if he is compelled by a Court order to do so, he would be a hostile witness).  This matter is still before the Courts to decide if Steinhoff owes this money or not.  On 17 Jan 2019 Seifert/LSW filed to have insolvency proceedings brought against SEAG.  This was subsequently withdrawn.
 
The SEAG CVA made special provision for Seifert's LSW's claim. Things came to a head where Seifert questioned some of the basis of the CVA which was carried out under English Law.  We learn now that eventually Steinhoff successfully amended some of the clauses to counter the LSW opposition. 
 
So the LSW attempt to stop the CVA has failed and this can now proceed.  But the substance of the original case still needs to be decided. 
 
BTW, this effectively should mean that the KAP & Unitrans sales was likely unrelated to the LSW "debt" settlement.  Rather it is more likely that it would be used for the sweetener Steinhoff offered creditors to sign up on the LUA. 
 
Regarding your question as to whether or not Steinhoff will release the AFS on 18 April 2019, "maybe" is the closest answer that I can provide.  It is possible that Seifert accomplished what he threatened and set out to do, namely delay the AFS.
 
I am still trying to get feedback on the relevance of the LUA and CVA to the AFS.  After all, the AFS is a backward looking report that should reflect the perform of the company to 30 Sept 2018 (and for the previous year); as well as the snapshot of the financial position  as at 30 Sept 2018.  It clearly had an impact as Steinhoff has repeatedly stated that the AFS will be released subject to the CVA being sorted out.  In particular, they state "Various conditions
are to be satisfied prior to implementation of the restructuring detailed in the SEAG CVA and SFHG CVA".
 
The only thing I can think of is that since the LUA was dated July 2018, and that at this date we were still in the FY18, that somehow the CVA backdates and ratifies the LUA.  Please understand that this is just speculation on my part.  This part of the restructuring is a specialist field. 
 
The Steinhoff clause "subject to any delay caused by the LSW application to challenge the SEAG CVA" has me baffled.
 
What are your thoughts?
 
Regards
Captainfrom82

 

Thanks for response Cappy, my thoughts, you seem to have extensive knowledge on steinhoff, and that you are not being completely honest with yourself.

If i may, as a businessman and you are owing me monies, i'll screw you whichever way i can to get my monies back plus more! and i care a damn about saving jobs etc...not my problem(seifert, cw, tekkie town....those r huge hurdles) SO snh may use the law to suit themselves, but i feel it just delays the inevitable.

So steinhoff is bleeding, how they stop the bleeding i do not know. What i am waiting for now is for them to publish restated books which should reflect how financially strong/weak there are.

I did not follow details of CVA, LUA etc to understand how it works which i should....too much for me to follow

I still feel snh can be saved and i play for it, a must to see restated financials to understand how weak/strong they financials are.......it is comforting that creditors agreed to the restructing which tells me there's something they see in it.....the big boys are the concern
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#9560 Captainfrom82

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Posted 30 March 2019 - 11:38 AM

OK thanks for explanation am understanding better, so then we should not have a delay with AFS right? As per previous sens delay would've been as a result of challenge to CVA which seemingly now is not the case...

And if it is so, I still see this agreement bet. Snh and LSW as good news as we should now expect AFS without further delay right

Sent from my BLA-L29 using Sharenet Sharechat mobile app

 

Hi Lionelza1,

 

As you are no doubt aware, Steinhoff is undergoing a financial restructuring, the basis of which is to only pay interest to the creditors if they can afford it.  The rest of the unpaid interest will be capitalised over 3 years and is due together with the principle debt by 31 Dec 2021.

 

You will see in all of the legal documents relating to LSW, that Steinhoff refer to "a company claiming to be a creditor of SEAG".  That is the is substance of the dispute.  Seifert claims that he loaned Steinhoff E300m, and MJ disputed this (while he was CEO).  Unfortunately, with MJ gone, Steinhoff are screwed as they have lost their key witness (I cannot see MJ coming to testify, and even if he is compelled by a Court order to do so, he would be a hostile witness).  This matter is still before the Courts to decide if Steinhoff owes this money or not.  On 17 Jan 2019 Seifert/LSW filed to have insolvency proceedings brought against SEAG.  This was subsequently withdrawn.

 

The SEAG CVA made special provision for Seifert's LSW's claim. Things came to a head where Seifert questioned some of the basis of the CVA which was carried out under English Law.  We learn now that eventually Steinhoff successfully amended some of the clauses to counter the LSW opposition. 

 

So the LSW attempt to stop the CVA has failed and this can now proceed.  But the substance of the original case still needs to be decided. 

 

BTW, this effectively should mean that the KAP & Unitrans sales was likely unrelated to the LSW "debt" settlement.  Rather it is more likely that it would be used for the sweetener Steinhoff offered creditors to sign up on the LUA. 

 

Regarding your question as to whether or not Steinhoff will release the AFS on 18 April 2019, "maybe" is the closest answer that I can provide.  It is possible that Seifert accomplished what he threatened and set out to do, namely delay the AFS.

 

I am still trying to get feedback on the relevance of the LUA and CVA to the AFS.  After all, the AFS is a backward looking report that should reflect the perform of the company to 30 Sept 2018 (and for the previous year); as well as the snapshot of the financial position  as at 30 Sept 2018.  It clearly had an impact as Steinhoff has repeatedly stated that the AFS will be released subject to the CVA being sorted out.  In particular, they state "Various conditions
are to be satisfied prior to implementation of the restructuring detailed in the SEAG CVA and SFHG CVA".

 

The only thing I can think of is that since the LUA was dated July 2018, and that at this date we were still in the FY18, that somehow the CVA backdates and ratifies the LUA.  Please understand that this is just speculation on my part.  This part of the restructuring is a specialist field. 

 

The Steinhoff clause "subject to any delay caused by the LSW application to challenge the SEAG CVA" has me baffled.

 

What are your thoughts?

 

Regards

Captainfrom82


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