15225 replies to this topic

[Africa1962]

anyone

 

Ehh, what's up Louis ? @ https://www.steinhof...Notice-2022.pdf

 want to "advise" how we should vote against each proposal....especially the "rights" ones

[Squideye]

To be honest I would be nervous if he quits.....  

 

They are all staying - Proposal to re-appoint

[Squideye]

Ehh, what's up Louis ? @ https://www.steinhof...Notice-2022.pdf

[Squideye]

Mattress Firm se goed-getimede styging...

Attached Files

•  20220211.pdf   372.16KB   12 downloads

[Africa1962]

simplywallst is wrong, the value is R33.5m, not EUR

 

true ...not a very reliable source  .....

[DayTraderDad]

Inflatiin jumps to 7.5% in the States so I think MF going to pay lots more interest. I cannot see SNH rescheduling loans below 6$ to 7%.

https://www.bloomber...=premium-europe

[Bubble]

 

if ever there is incentive to make good on SNH - LdP ownership according to Simply Wall

0.17% Louis du Preez 7,336,109 €33.5m 1    

 

 

simplywallst is wrong, the value is R33.5m, not EUR

[Africa1962]

 

they should cut a deal with him...relinquish your 344mil....to pay down debt...and we wont press charges

 

Markus Jooste 75,572,080 €344.6m
 

 

 

if ever there is incentive to make good on SNH - LdP ownership according to Simply Wall

0.17% Louis du Preez 7,336,109 €33.5m 1    

[Africa1962]

 

  R30.000 bail each at TH and so far fokoli at Steinhoff...

 

The case is being heard in Durban's specialist commercial court.

The seven are charged with fraud and violations of the Financial Markets Act, the Companies Act and the Prevention of Organized Crime Act.

 

 

they should cut a deal with him...relinquish your 344mil....to pay down debt...and we wont press charges

 

Markus Jooste 75,572,080 €344.6m
 

[Squideye]

  R30.000 bail each at TH and so far fokoli at Steinhoff...

 

The case is being heard in Durban's specialist commercial court.

The seven are charged with fraud and violations of the Financial Markets Act, the Companies Act and the Prevention of Organized Crime Act.

Attached Files

•  20220210TH.pdf   1.2MB   7 downloads

Edited by Squideye, 10 February 2022 - 03:39 PM.

[DayTraderDad]

Is Steinhoff back from the dead? @ https://www.business...-from-the-dead/

Very good article!

[Squideye]

Why investors back Pepkor’s Brazilian samba @ https://www.business...razilian-samba/

[Squideye]

Mattress Firm Group Inc. - S-1/A and more, as filed with the Securities and Exchange Commission on February 8, 2022. https://www.sec.gov/...13928-index.htm

Edited by Squideye, 10 February 2022 - 06:35 AM.

[Squideye]

Is Steinhoff back from the dead? @ https://www.business...-from-the-dead/

[Squideye]

Christo Wiese wins back billionaire status @ https://www.biznews....lionaire-status

[Squideye]

  Mattress Firm...

Attached Files

•  20220209 MF.pdf   102.08KB   13 downloads

[Batra]

See, I believe there is tiny frustration for some having off loaded trucks with the view that a low entry point will come up soon. In fact it does not appear it will come, at least soon. We all had surely this bitter feeling about having bought too high, sold too low and ironically the moment we sold, shares go up. Sounds like déjà vu right?
So one can say whatever we want from a scientific, rationale, logic, pragmatic, financial, accounting to explain a current trend and build forecast, one shall be humble enough to accept that the market is everything but the above.
At my personal level I was very long at an average of 0.08€, sold half of my position at 0.26€. I have enjoyed this first ride and am still long enough to hopefully enjoy the second leg of the journey between now and another 5 years horizon.
Wishing you guys a nice day

[DeltaHedge]

Tell me for how much will you sell Pepco share if at present they are only with Eur 8,80. What is historical change can come. The same for Pepkor do you realy believe SNH will be able to sell Pepkor shares for R30 when trading at R22?

This is what I am trying to tell everyone SNH value is now much clear no more hidden profits or equity to come. Further if you sell 10% to 15% holding you do it at a discount that means you sell it for less than markeg value. Why would I pay R30 for Pepkor if I can buy it for R22?

Why havnt they closed up shop then? Its still hovering around 4.5, why isnt it back at 2? 

[DayTraderDad]

Ok but where does the re-evaluation of "historic assets"  feature in these exercises. The summary of  statements according to that pdf mentioned that a re evaluation of these assets might completely change the indebtedness of Steinhoff.
Also, will you take millions of shares as a bonus allocation when you know that down - the - line the company is going to fail big time? Is there perhaps a couple of hidden treasures that might really change the current picture which might be revealed after the GS is done and dusted?  or is the hidden treasure a fairly tale?

Dont get fooled by the act of the bonus shares especially when you had already received Eur 10 mil for four years work. My take the reason to issue the 7,5 mil shares was priced at Eur 0,14 which would give a bonus of Eur 1 mil in line with last year cash bonus. At todays share price of Eur 0,26 would be a fat bonus of Eur 1.9 bouble last years.

[DayTraderDad]

Ok but where does the re-evaluation of "historic assets"  feature in these exercises. The summary of  statements according to that pdf mentioned that a re evaluation of these assets might completely change the indebtedness of Steinhoff.
Also, will you take millions of shares as a bonus allocation when you know that down - the - line the company is going to fail big time? Is there perhaps a couple of hidden treasures that might really change the current picture which might be revealed after the GS is done and dusted?  or is the hidden treasure a fairly tale?

Tell me for how much will you sell Pepco share if at present they are only with Eur 8,80. What is historical change can come. The same for Pepkor do you realy believe SNH will be able to sell Pepkor shares for R30 when trading at R22?

This is what I am trying to tell everyone SNH value is now much clear no more hidden profits or equity to come. Further if you sell 10% to 15% holding you do it at a discount that means you sell it for less than markeg value. Why would I pay R30 for Pepkor if I can buy it for R22?