15225 replies to this topic

[Milo]

Does anyone know when the briefing to parliament will take place today?

 

The briefing to parliament presentation is already on the Steinhoff website

[DayTraderDad]

go to cnbc africa its live there

https://www.cnbcafrica.com/watch/

[DayTraderDad]

They discussing Denel? Is steinhoff following after?

go to cnbc africa its live there

[andi222]

They discussing Denel? Is steinhoff following after?

[Bubble]

In progress andii

Do you have a link to follow it, I cannot find anything.

[Lionelza1]

In progress andii

[andi222]

Does anyone know when the briefing to parliament will take place today?

[DayTraderDad]

What would impact value of share...

1. The 11 billion euro right down in 2018 is less than expected following pwc report , if significantly higher expect share to plummet
2 news on legal process...
3. Restructuring update
4. Financials finalisation


Irrespective of your view of this share. Buy low sell high... Difficult to predict. But above points could cause massive volatility and see price rocket.. Or plummet....

Any comments on point 1...how likely is is that the 2018 was overzelous. Could we see a sens indicating that it's less than what was predicted. .

Sent from my SM-G950F using Sharenet Sharechat mobile app

Financial impact of key findings

• Income was overstated through fictitious and / or irregular transactions totaling more than €6 billion

• Resulting impairments to asset values increase the accounting impact on Steinhoff equity

• 2018 Interim Results, released on 29 June 2018, indicated a €11 billion write-down of total equity

as at 31 March 2017

• The complexity of the investigation delayed the release of the 2017 and 2018 financial results

• Working with Deloitte to finalise the 2017 and 2018 consolidated financial statements; taking into

account the findings from the forensic investigation

• The cumulative effect of all prior year restatements will be disclosed in the 2017 Annual Report. More

specifically, the restated 2016 income statement, balance sheet, cash flow and notes will be

included as comparative numbers in that report as well as an opening balance sheet for 2016 with a

reconciliation of the impact of the total prior year adjustments on the opening retained income

balance at 1 July 2015

• The forensic findings may influence the nature of the audit opinions

[Investment novice]

What would impact value of share...

1. The 11 billion euro right down in 2018 is less than expected following pwc report , if significantly higher expect share to plummet
2 news on legal process...
3. Restructuring update
4. Financials finalisation


Irrespective of your view of this share. Buy low sell high... Difficult to predict. But above points could cause massive volatility and see price rocket.. Or plummet....

Any comments on point 1...how likely is is that the 2018 was overzelous. Could we see a sens indicating that it's less than what was predicted. .

Sent from my SM-G950F using Sharenet Sharechat mobile app

[DayTraderDad]

 

1.  Polly's big fat zero

 

 

2. CW wanting his crown Jewel back exactly what u been saying

 

3. Im sure the creditors are watching this closely.  Already talked about a dual shareholder suing the company...and his preference over other creditors..

 

 

All this from a gut feel/streetwise  feel made months ago looking at big picture..

 

 

Well at L u acknowledged this...No one else, yes no one else in this rubbish of a thread did that...besides  insults, arrogance , hatred , name calling , character attacks...  Asd i said these so called gurus were not actually gurus...They basically followed the head guru at seeking alpha and posted his tripe here.. Tthse so called gurus know nothing about investing...all talk..

 

Im gatvol of this thread...had enough...can spend my time making money elsewhere but all i wanted to do was help newbies woth an alternative view to make sure they dont get sucked in here with all this R5.00 R10.00 and R20.00 talk...But i see bedies you L , it never helped...most newbies still went in and bought...Eish...

 

Ill leave this thread to the pumpers to continue pumping....but imo a dead horse..

 

 

my previous comment. from a few week back ..read it 3 times newbies..If u dont understand  this , you should not be here..

 

 

 

There are a few wanna  be Gurus 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.

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.

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!!!!!!

 

As usual lots of talk not a single figure.

Let me just give you a couple of figures:

Steinhoff said NAV is 0.58 cts euro this is is there is no fire sale which is total equity of Eur3,793 bil  so which court would give a 20% share holder all the money while the rest watch. 

STUPIDITY is very dangerous.

Like Milo said you take dimonds and buy share you only have shares left.

Further Dutch law will reject Wiese claim and SA will do the same because Wirse profited because the share went up while he was director which it was his responsibility to ensure SNH operated properly. Further he was the one that also agreed to by that expensive Matress Firm.

 

Please Polly stop bulxxxing people.!!!

[Lionelza1]

Thanks Lionel

I’d also settle for 210 and wait for the next drop.
Got my ave down from 360 to 260 already

Good luck all

good job on bringing that avg down

 

i see on parli channel its scheduled to start at 9:30am is in about 30min time....

 

i have other commitments to attend to so would appereciate if any can post whats happening? but i think the share price will also tell the story

 

yea good luck all....hope its a good run but eish this share

[LarryK]

Thanks Lionel

I’d also settle for 210 and wait for the next drop.
Got my ave down from 360 to 260 already

Good luck all

[Milo]

so not a fact , not fiction and not even an opinion...

 

carefull what you post cos people like haha agrees with you and so may others..

 

All you doing is misinforming with posts that got nothing to do with Wiese.

 

1. You bought shares..Did Wiese buy shares in Steinhoff as far the points this relates to is concerned?

 

2. Answer no..He was given worthless Steinhoff shares in exchange for his Jewels... he gave Gold and was repain in fake diamonds.

 

3. he did not pay for those worthless shares. he was defrauded..

 

4. So what has you buying shares and voetstoets got to do with this?

 

 

 

I call this misrepresentation of facts by someone already invested here and poor other suckers take this point   as fact!!!!!!!!!!!!!!!!!!!!!

 

IOW beware of pumpers..........................

Point taken but in my opion if you bought shares with Jewels. You still just own shares in the end. Why must he be treated differently than the normal person in the street say who bought 100 shares? What you saying is stuff the normal person who bought shares and let them loose their money so that one special person can gain by suing.

[Lionelza1]

@lionelza
Do you have a target in mind today? Similar to last year’s session?
My average is 2.60 and this will become my stop loss should we reach that high.

Could anyone share a video link to parliament? I’m struggling this side; in Indonesia at the moment

 

Hey Larry, for me a price of R2.10 would do but thats my play im in on R1.94...bearing in mind that it could also fall then im stuck

 

Im thinking on the side of caution so i dont think we will see the highs we saw last yr, i just feel that the market is showing less interest due to so much uncertaintity,, and the questions today will be much tougher than last yr. Im hoping Heather Sonn is there and im hoping she talks unlike last yr.

 

Most important will be what is said today and market will react accordingly, if theres an up id prefer to see a steady up and not an instant up. same goes with the down, i will react on steadiness and not sudden

 

I do not know of a live feed

[Lionelza1]

strong message there P.....good one too.....i saw myself in that message when i first jumped aboard....glad i opened my eyes and yea thanks to your efforts as no1 else shared views similar to yours

 

interesting day today......hoping to get an exit point, still way way way too much mess and the odds are stacked heavily against that pump. Mr Market aint dof eh, this share is never maintained on any highs that it  touched....cant ignore that one

[LarryK]

@lionelza
Do you have a target in mind today? Similar to last year’s session?
My average is 2.60 and this will become my stop loss should we reach that high.

Could anyone share a video link to parliament? I’m struggling this side; in Indonesia at the moment

[Polly]

interview with Michael treherne, portfolio manager at Vestact, did i hear him correctly?, did he mention

 

 Polly's big fat zero?, he also talked about CW wanting his crown Jewel back exactly what u been saying hey P

 

CW is wise businessmen and i read/heard somewhere that he only buys shares in a company where he's in control (for lack of a better word). He wants Pepkor back, imo this could be the reason he's buying those shares in snh and i doubt because he sees value in steinhoff as some have alluded.

 

He kept quiet for a while, waited for pwc to confirm what he needed to be confirmed, and now i think he will be making alot of moves....

 

Im sure the creditors are watching this closely.

 

P how do you think market will react if ppl go to jail? would it matter or do u think monies recouped would see a better reaction?

1.  Polly's big fat zero

 

 

2. CW wanting his crown Jewel back exactly what u been saying

 

3. Im sure the creditors are watching this closely.  Already talked about a dual shareholder suing the company...and his preference over other creditors..

 

 

All this from a gut feel/streetwise  feel made months ago looking at big picture..

 

 

Well at L u acknowledged this...No one else, yes no one else in this rubbish of a thread did that...besides  insults, arrogance , hatred , name calling , character attacks...  Asd i said these so called gurus were not actually gurus...They basically followed the head guru at seeking alpha and posted his tripe here.. Tthse so called gurus know nothing about investing...all talk..

 

Im gatvol of this thread...had enough...can spend my time making money elsewhere but all i wanted to do was help newbies woth an alternative view to make sure they dont get sucked in here with all this R5.00 R10.00 and R20.00 talk...But i see bedies you L , it never helped...most newbies still went in and bought...Eish...

 

Ill leave this thread to the pumpers to continue pumping....but imo a dead horse..

 

 

my previous comment. from a few week back ..read it 3 times newbies..If u dont understand  this , you should not be here..

 

 

 

There are a few wanna  be Gurus 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.

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.

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!!!!!!

[Polly]

For me buying any shares is voetstoots. I have never bought shares where there is a clause that say don't worry you will get your money back if something goes wrong.

so not a fact , not fiction and not even an opinion...

 

carefull what you post cos people like haha agrees with you and so may others..

 

All you doing is misinforming with posts that got nothing to do with Wiese.

 

1. You bought shares..Did Wiese buy shares in Steinhoff as far the points this relates to is concerned?

 

2. Answer no..He was given worthless Steinhoff shares in exchange for his Jewels... he gave Gold and was repain in fake diamonds.

 

3. he did not pay for those worthless shares. he was defrauded..

 

4. So what has you buying shares and voetstoets got to do with this?

 

 

 

I call this misrepresentation of facts by someone already invested here and poor other suckers take this point   as fact!!!!!!!!!!!!!!!!!!!!!

 

IOW beware of pumpers..........................

[Lionelza1]

According to this audio:

https://www.moneyweb...teinhoff-fraud/

What Wiese meant by "reconstruct the company" is that "Wiese wants his assets back (that's PEPKOR)".

interview with Michael treherne, portfolio manager at Vestact, did i hear him correctly?, did he mention Polly's big fat zero?, he also talked about CW wanting his crown Jewel back exactly what u been saying hey P

 

CW is wise businessmen and i read/heard somewhere that he only buys shares in a company where he's in control (for lack of a better word). He wants Pepkor back, imo this could be the reason he's buying those shares in snh and i doubt because he sees value in steinhoff as some have alluded.

 

He kept quiet for a while, waited for pwc to confirm what he needed to be confirmed, and now i think he will be making alot of moves....

 

Im sure the creditors are watching this closely.

 

P how do you think market will react if ppl go to jail? would it matter or do u think monies recouped would see a better reaction?

[Tom]

According to this audio:

https://www.moneyweb...teinhoff-fraud/

What Wiese meant by "reconstruct the company" is that "Wiese wants his assets back (that's PEPKOR)".

Edited by Tom, 18 March 2019 - 11:27 PM.