15225 replies to this topic

[Polly]

Exactly what is your bigger picture tell us in proper words!!!

i normally explain like i explain to a 10 year old here////but forgot you got a mind of a 5 year old....

 

obvious you read what you want to read or dont understand anything you read....go back and read...not going to waste time explaining to you...you dont deserve it

[Polly]

and btw you only want to read what you want to read..IE anyone who pumps the share...Any alternative view either you dont understand , read it incorrectly( which imo u do) or attack it as nonsese blah blah.....This is your problem....sort it out or you will be a poor investor...

 

 

CHeers

 

 

If I recall two months ago you got confused you said not big deal buying 2 mil share the number you had was wrong!!!

theres you answer in red highlight from my previous comment....again and again..

[DayTraderDad]

The answer to your question might be imo :

 

 

read my previous comment a month or 2 ago where i provided an opinion on why he was buying shares....

 

All makes sense to me now....Bigger picture....read between the lines why he is buying

If I recall two months ago you got confused you said not big deal buying 2 mil share the number you had was wrong!!!

[Lionelza1]

for me (and I do own snh shares) the second sentence does nothing to allay the fears brought on by the first sentence.  "I will give them back their worthless shares"

yup....cant ignore that can you....and he's no mickey mouse character either "I will give them back their worthless shares"....spoken with the authority it rightly deserves (as it stands)

[DayTraderDad]

Exactly what is your bigger picture tell us in proper words!!!

For once Polly have the guts to put in words exactly what you mean instead of vague remarks!!

[DayTraderDad]

The answer to your question might be imo :

 

 

read my previous comment a month or 2 ago where i provided an opinion on why he was buying shares....

 

All makes sense to me now....Bigger picture....read between the lines why he is buying

Exactly what is your bigger picture tell us in proper words!!!

[DayTraderDad]

fact or fiction Milo...or you trying to act like DTD???

Remember Polly what I told you about always wanting to be right!!!! GO GET HELP!!!! You something else!!! Haha no one can have a opinion without Polly biting the head off!!!

[Polly]

 

Also not to mention it will take a long time to get any moneys and would be expensive to litigate the case.

TITAN PREMIER INVESTMENTS (PTY) LTD Share purchases:

Shares Held 2018/08/31 - 0

Shares Held 2018/09/28 - 137,558,263 for the month the HI: R2.90 Lo: R2.28

Shares Held 2018/12/28 - 243,984,427 for the month the HI: R1.85 Lo: R1.36 ( Bought 106,426,164)

 

My question why invest a further R560 mil if he could just sit back talk the share price up and collect?

 

 

 

 

 

 

The answer to your question might be imo :

 

 

read my previous comment a month or 2 ago where i provided an opinion on why he was buying shares....

 

All makes sense to me now....Bigger picture....read between the lines why he is buying

[Polly]

Good Summary, would just add the fact that Wiese is topping up shares which means he is seeing value in this company. Sooner or later he will pull back the claim. 

read my previous comment a month or 2 ago where i provided an opinion on why he was buying shares....

 

All makes sense to me now....Bigger picture....read between the lines why he is buying

[Polly]

 

Ha ha Wiese can’t claim the money back he bought it “voetstoots”

 

fact or fiction Milo...or you trying to act like DTD???

[Polly]

for me (and I do own snh shares) the second sentence does nothing to allay the fears brought on by the first sentence.  "I will give them back their worthless shares"

yeah i used " rubbish " shares  last 3 months in same sentence...

[nosh]

 

Why don't you post everything: (You see what I talk about not giving the correct information!!!! )

“I would expect Steinhoff to give me back my money, and I will give them back their worthless shares,” Wiese told Reuters.

 

“But everybody knows the company does not have that kind of money, so our approach has been that the only way forward is for all the stakeholders to sit around the table and reconstruct the company,” Wiese added.

 

for me (and I do own snh shares) the second sentence does nothing to allay the fears brought on by the first sentence.  "I will give them back their worthless shares"

[Lionelza1]

Lionel this exactly the part that I don't understand about you and Polly. If you see high risk in SNH drop the share and move on. For me investing is very simple when you buy a share there is always the case that the share will go to nothing and there goes all the money. So that's is why while you and Polly are entertaining Group 5 (now suspended) and EOH I don't go there because I see high risk and therefore I walk away that simple. The problem with you and Polly is never come with fact just negativity without any proof and that is not measuring risk.
For me the risks with SNH are:
1 - MF - This is now sorted and turning around
2 - Conforama - This business is not profitable and needs to be turned around which I believe its imminent but I would prefer they sold 49% of it to pay the debt.
3 - Greenlit Brands also not very profitable and even though its seems to be going on its own they are talking about selling part of it and that is welcome to me to reduce debt and return the business to profit. ( I would prefer to have MF, Conforama and Greenlit as equity accounted)
4 - There is a urgent need to get LSW claim sorted so that the CVA can go ahead and restructure put in place. There is also the POCO moneys held up and the quick this is sorted the better to pay debt down. There is going to be a court hearing this month about it so waiting on outcome.
5 - Class actions - This is a risk but will take a long time to get sorted and do not believe the courts will order SNH to close the business to sell assets and distribute the money to hold shareholders. So there is going to be lots of unnecessary costs but SNH will survive.
6 - Creditors call up their loans - This is a risk but I also note that most bonds were already sold to 60cts and 50cts on the Euro so creditors have already benefited and would benefit more if the company grows. The initial bond holders were the ones that lost but that was their choice to sell. That is why its important to get the CVA in place soonest.
7- There is a risk of further impairment on the FY 2017 and 2018 however do not believe this will be much more because the half year of 31 March 2018 already took most of that moneys discovered in the PWC report section 17.7 of the restated accounts on page 73. So I am not expecting any changes maybe even a improvement.

So you see these are the risks I see and in my opinion are limited there is more upside then downside due to the fast growing PEPCO and the SA operations also doing well.

Thanks. Noted. I have no issue with that. why do u group myself and Polly? Polly is way way more knowledgeable than i. We share different views on snh but I can't ignore his views else I'd be shooting myself in the foot.

I don't have any shares in group 5/eoh...i wanted to buy grp5 but thankfully I did not.... I don't recall Polly buying any shares in grp5 as well

And I see the volatility in snh.. That's what I'm playing..... I don't know if it's the right way but I collected good returns and it's working for me.. I've also lost as a result of stupid decisions but learnt..... I won't long on snh... Personal choice

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[Milo]

Wiese will be the one who turns Steinhoff around. I think he will do the right thing for everyone involved. He will be respected for this.

[andi222]

Lionel this exactly the part that I don't understand about you and Polly. If you see high risk in SNH drop the share and move on. For me investing is very simple when you buy a share there is always the case that the share  will go to nothing and there goes all the money. So that's is why while you and Polly are entertaining Group 5 (now suspended) and EOH  I don't go there because I see high risk and therefore I walk away that simple. The problem with you and Polly is never come with fact just negativity without any proof and that is not measuring risk.

For me the risks with SNH are:

1 - MF - This is now sorted and turning around

2 - Conforama - This business is not profitable and needs to be turned around which I believe its imminent but I would prefer they sold 49% of it to pay the debt.

3 - Greenlit Brands also not very profitable and even though its seems to be going on its own they are talking about selling part of it and that is welcome to me to reduce debt and return the business to profit. ( I would prefer to have MF, Conforama and Greenlit as equity accounted)

4 - There is a urgent need to get LSW claim sorted so that the CVA can go ahead and restructure put in place. There is also the POCO moneys held up and the quick this is sorted the better to pay debt down. There is going to be a court hearing this month about it so waiting on outcome.

5 - Class actions - This is a risk but will take a long time to get sorted and do not believe the courts will order SNH to close the business to sell assets and distribute the money to hold shareholders. So there is going to be lots of unnecessary costs but SNH will survive.

6 - Creditors call up their loans - This is a risk but I also note that most bonds were already sold to 60cts and 50cts on the Euro so creditors have already benefited and would benefit more if the company grows. The initial bond holders were the ones that lost but that was their choice to sell. That is why its important to get the CVA in place soonest.

7- There is a risk of further impairment on the FY 2017 and 2018 however do not believe this will be much more because the half year of 31 March 2018 already took most of that moneys discovered in the PWC report section 17.7 of the restated accounts on page 73. So I am not expecting any changes maybe even a improvement.

 

So you see these are the risks I see and in my opinion are limited there is more upside then downside due to the fast growing PEPCO and the SA operations also doing well.

 

Good Summary, would just add the fact that Wiese is topping up shares which means he is seeing value in this company. Sooner or later he will pull back the claim. 

[DayTraderDad]

 

Ha ha Wiese can’t claim the money back he bought it “voetstoots”

 

Haha good one Milo but Tom is also trying to mislead the people by being selective if one reads the article that is what Wiese siad:

 

“I would expect Steinhoff to give me back my money, and I will give them back their worthless shares,” Wiese told Reuters.

 

 

“But everybody knows the company does not have that kind of money, so our approach has been that the only way forward is for all the stakeholders to sit around the table and reconstruct the company,” Wiese added.

[Milo]

 

From:

https://www.business...over-4bn-claim/

:

Steinhoff ex-chair Christo Wiese open to talks over $4bn claim ‘I would expect Steinhoff to give me back my money, and I will give them back their worthless shares,’ Wiese said after Friday’s report

 

 

 

Ha ha Wiese can’t claim the money back he bought it “voetstoots”

[DayTraderDad]

I'd like to add to that, DTD you do share some good posts and u seem to be educated as well..... But how the heck to u not see/talk about the risks? and when u talk about risks its not being negative.... Its RISKS and steinhoff is riddled with plenty of it

And yes u are friggen stubborn

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Lionel this exactly the part that I don't understand about you and Polly. If you see high risk in SNH drop the share and move on. For me investing is very simple when you buy a share there is always the case that the share  will go to nothing and there goes all the money. So that's is why while you and Polly are entertaining Group 5 (now suspended) and EOH  I don't go there because I see high risk and therefore I walk away that simple. The problem with you and Polly is never come with fact just negativity without any proof and that is not measuring risk.

For me the risks with SNH are:

1 - MF - This is now sorted and turning around

2 - Conforama - This business is not profitable and needs to be turned around which I believe its imminent but I would prefer they sold 49% of it to pay the debt.

3 - Greenlit Brands also not very profitable and even though its seems to be going on its own they are talking about selling part of it and that is welcome to me to reduce debt and return the business to profit. ( I would prefer to have MF, Conforama and Greenlit as equity accounted)

4 - There is a urgent need to get LSW claim sorted so that the CVA can go ahead and restructure put in place. There is also the POCO moneys held up and the quick this is sorted the better to pay debt down. There is going to be a court hearing this month about it so waiting on outcome.

5 - Class actions - This is a risk but will take a long time to get sorted and do not believe the courts will order SNH to close the business to sell assets and distribute the money to hold shareholders. So there is going to be lots of unnecessary costs but SNH will survive.

6 - Creditors call up their loans - This is a risk but I also note that most bonds were already sold to 60cts and 50cts on the Euro so creditors have already benefited and would benefit more if the company grows. The initial bond holders were the ones that lost but that was their choice to sell. That is why its important to get the CVA in place soonest.

7- There is a risk of further impairment on the FY 2017 and 2018 however do not believe this will be much more because the half year of 31 March 2018 already took most of that moneys discovered in the PWC report section 17.7 of the restated accounts on page 73. So I am not expecting any changes maybe even a improvement.

 

So you see these are the risks I see and in my opinion are limited there is more upside then downside due to the fast growing PEPCO and the SA operations also doing well.

[Tom]

From:

https://www.business...over-4bn-claim/

:

Steinhoff ex-chair Christo Wiese open to talks over $4bn claim ‘I would expect Steinhoff to give me back my money, and I will give them back their worthless shares,’ Wiese said after Friday’s report

Edited by Tom, 18 March 2019 - 03:25 PM.

[Lionelza1]

proves one thing to me...You knee deep in kak with this share...sorry man but its all due to your stubbornness!!!

Best get your dad ready to take you in!!!!

I'd like to add to that, DTD you do share some good posts and u seem to be educated as well..... But how the heck to u not see/talk about the risks? and when u talk about risks its not being negative.... Its RISKS and steinhoff is riddled with plenty of it

And yes u are friggen stubborn

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