15225 replies to this topic

[andi222]

Tomorrows Update will be huge, they need to give us the revenue figures as well as the monthly update. Will be very interesting. I think thats why we saw the fall. Short sellers wanted to get out before tomorrow. Close to 40 million shares traded on Tradegate and Xetra within a few hours.

[Captainfrom82]

Haha andi222 looks like SENSE confused everyone the wording should have been better!!!

 

I inquired immediately on the release of this SENS.  I pointed out that the market will misinterpret the distinction between the subsidiary (Investments) and the Holding Co (NV), 

 

Steinhoff acknowledged that they also recognise the market's error and are considering issuing clarity.  However, they will do this with tomorrow's trading update.

 

Best Regards

Captainfrom82

[DayTraderDad]

CONFORAMA: 

 

https://bfmbusiness....ma-1640513.html

 

The distributor is offered for sale by its shareholder Steinhoff. Conforama is preparing for about 2000 job cuts. Bercy seized the file.

Conforama will be one of the big industrial files of the year. The furniture distributor is moving towards a massive restructuring. It has been on sale for six months by its owner Steinhoff. The Rothschild investment bank is busy with the sale, which should be completed by this summer. The South African group hopes to recover between 600 and 700 million euros of Conforama. A difficult price to obtain in view of the performance of the group that posted "zero margin end 2018" according to a competitor who obtained the accounts of the company. Especially since the French activities, which weigh for two thirds of Conforama, lost more than 100 million euros last year. The cheap furniture brand suffers from Ikea and e-commerce.

 

Steinhoff is under pressure from its creditors while accounting irregularities of several billion euros have been recorded over several years. The South African group bears 10 billion euros of debt that hedge funds have partly repurchased to take control and dismember the group. The American (Mattress) and British (Poundland) subsidiaries have already undergone heavy restructuring, while the Austrian operations have been sold.

 

About forty closed stores

They are now attacking Conforama. The creditors' representative, Helen Lee-Bouygues, went to the head office last fall and even visited the Colombes site. Conscious of its difficulties, the Ministry of the Economy follows the file closely through the Interministerial Committee for Industrial Restructuring (Ciri), proof that the file is heavy. According to our information, representatives of the "Ciri" traveled to London a few weeks ago to meet the creditors of Steinhoff and negotiate the terms of the restructuring of Conforama. The South African group would provide up to 2,500 job cuts and about forty shop closures. French unions estimate that "between 1,500 and 2,000 jobs would be threatened, much of which in France, for twenty stores sold or closed in France, "according to a representative of employees. Conforama has 14,000 employees in Europe, including 9,000 in France.

 

An essential restructuring, the size of which will depend on the buyer. According to several sources, several competitors of Conforama were approached last autumn. With mixed success. Only his great rival Goal would be interested and would be a favorite. Employees fear this option which would lead to a massive restructuring as the two brands are in frontal competition. The Autorité de la concurrence also imposes numerous store resales.

 

Steinhoff ready to restructure Conforama

There are two other rivals: Fnac Darty and Casino. Both groups have studied the case but do not seem convinced. First Fnac Darty has seriously worked on the subject last fall. Initially seduced, he finally gave up, says a close to the group, for the moment ... Reinforce the appliance was the main interest for its brand Darty. But "furniture is a market too damaged and the brand Conforama is a notch below," says a close group. Not to mention too many outlets.

 

Same observation at Casino, explains the direction of the group. Yet his e-commerce subsidiary CDiscount seemed interested. They already have a common purchasing center with Conforama, Mano, in the household appliances. A merger would have resulted in more synergies and smaller "Confo! ", The new concept of the sign, in hypermarkets Casino. CDiscount could also have transformed some points of sale in store to become established in the physical trade. But Casino focuses mainly on assets to give up to get out of debt.

 

Still, Steinhoff is unlikely to get the asking price. According to several sources, "if the price is too low, the South African group could retain Conforama and restructure itself before reselling" assures a good connoisseur of the file. For the moment, no information is communicated internally. Contacted, Steinhoff and Conforama did not want to answer us. Details are expected at the end of March, when an extraordinary Central Works Council (CCE) is held.

[Milo]

Ha ha  

Go up now had enough off all the stress

 

[leo]

Staying away for now. Nearly got burnt badly this morning. Too risky.

Good luck

[DayTraderDad]

Yeah its funny how the price can drop around 10 % on news that was misread haha. But these short seller love this kind of information. However I think it will recover towards the end of the day when people read the information properly. . .

Yes it will recover after the smart investors leak their wounds and reset the machines. Hahaha

[DayTraderDad]

 

Just a pull back to form a right shoulder. Part of the package

 

Yes but the big reaction for me was due to the news and algorithm action, very grateful to the computers!! Hahaha

[andi222]

I see, the market obviously reading it wrong also. Dropping like a stone.

 

Yeah its funny how the price can drop around 10 % on news that was misread haha. But these short seller love this kind of information. However I think it will recover towards the end of the day when people read the information properly. . .

[Milo]

Just a pull back to form a right shoulder. Part of the package

[DayTraderDad]

I see, the market obviously reading it wrong also. Dropping like a stone.

Yes what a buying opportunity filled the boot of my truck!!!

[Bubble]

Please read the SENS properly. . . Steinhoff International Holdings N.V. will still publish in April. This SENS refers to the Steinhoff Investment Holdings Limited. . .They gave us a date for this now as it was unclear in the December SENS. . . Nothing has been delayed. . . .

 

I see, the market obviously reading it wrong also. Dropping like a stone.

[DayTraderDad]

Please read the SENS properly. . . Steinhoff International Holdings N.V. will still publish in April. This SENS refers to the Steinhoff Investment Holdings Limited. . .They gave us a date for this now as it was unclear in the December SENS. . . Nothing has been delayed. . . .

Haha andi222 looks like SENSE confused everyone the wording should have been better!!!

[andi222]

FFS, and now they delayed until end of May. Lionel is correct, and probably going to blow his lid. All the gains the last days are gone.

 

Lawyers and Accountants always delay. They cannot make a call.

 

At what point will they suspend this sh1thole.

 

Please read the SENS properly. . . Steinhoff International Holdings N.V. will still publish in April. This SENS refers to the Steinhoff Investment Holdings Limited. . .They gave us a date for this now as it was unclear in the December SENS. . . Nothing has been delayed. . . .

[Bubble]

FFS, and now they delayed until end of May. Lionel is correct, and probably going to blow his lid. All the gains the last days are gone.

 

Lawyers and Accountants always delay. They cannot make a call.

 

At what point will they suspend this sh1thole.

Or these thugs just want another months salary.

[Bubble]

 

In the coming weeks, three interesting dates await shareholders of Steinhoff International. Tomorrow, the company wants to report on the developments in the past fiscal quarter. In addition, PwC's investigations into the accounting scandal that shook the company in December 2017 come to an end. Steinhoff has just confirmed once again that work on the investigation report will be completed this month - two months later than planned. They want information as soon as possible to disclose, after seeing the report, the company said. Last but not least, the missing balances for the last two financial years will be presented in April.

 

In anticipation of at least the upcoming quarterly report, the Steinhoff share gained significantly in value yesterday. Whether the quarterly report has the meaningfulness, to which some seem to gamble, remains to be seen. In any case, on Tuesday, this caused a significant upturn in sales as well as some trading buy signals in the Steinhoff share. During the course of the day, this climbed to 0.1428 euros, the XETRA closing price at 0.1426 euros (+12.2 percent) is just below. Current indications on Wednesday morning keep the level tight and are at 0.140 / 0.141 euros.

 

 

Steinhoff share has chart technical resistance in view

 

In the last few days we had already pointed out the possible buying signals, which have now also occurred. Signal zones around € 0.124 / € 0.125 and € 0.134 / € 0.136 would now be the first support for the share certificate of the Dutch South African company in the case of chart-driven profit-taking. However, the technical analysis of the Steinhoff share shows an additional hurdle of 0.140 / 0.143 euros, which could not be overcome yesterday. Currently, the brand is still in focus. An outbreak of this could drive Steinhoff's share price from a technical point of view towards 0.149 / 0.152 euros.

 

Attention: The pending news of the group could let this technical analysis of the Steinhoff share and its technical signal zones completely in the background, at least in the short term - depending on, for example, tomorrow the quarterly report and the reaction of the stock exchange to it. 

 

 

FFS, and now they delayed until end of May. Lionel is correct, and probably going to blow his lid. All the gains the last days are gone.

 

Lawyers and Accountants always delay. They cannot make a call.

 

At what point will they suspend this sh1thole.

[DayTraderDad]

Dividend To Preference Shareholders

 

Steinhoff Investment Holdings Limited

(Incorporated in the Republic of South Africa)

Registration Number 1954/001893/06

JSE Code SHFF

ISIN: ZAE000068367

(“Steinhoff Investments” or “the Company “)

 

STEINHOFF INVESTMENTS: DIVIDEND TO PREFERENCE SHAREHOLDERS

 

The board of directors of the Company has declared a gross dividend of 418.09418 cents per

share, payable on Monday 29 April 2019 in respect of the period 1 July 2018 to 31 December

2018 (“the Preference Dividend” ), payable to the shareholders, recorded in the books of the

Company at the close of business on 26 April 2019, of the 15 000 000 cumulative, non-

redeemable, non-participating, variable rate preference shares issued by the Company (“the

Preference Shares”)

 

At the date of declaration there were 15 000 000 (Fifteen million) Preference Shares in issue.

 

The Preference Dividend will be payable in the currency of South Africa and will be subject to

a local dividend tax rate of 20%. This will result in a net dividend of 334.47534 cents per

Preference Share, unless the Preference Shareholder is exempt from dividend tax or is entitled

to a reduced rate in terms of an applicable double-tax agreement. Steinhoff Investments’

income tax reference number is 9375/046/71/2.

 

Salient dates:                                                                             2019

 

 

Last date to trade cum dividend:                                              Tuesday, 23 April

Shares trade ex-dividend:                                                     Wednesday, 24 April

Record date:                                                                  Friday, 26 April

Payment date:                                                                 Monday, 29 April

 

Share certificates may not be dematerialised or re-materialised between Wednesday 24 April

2019 and Friday 26 April 2019, both days inclusive.

 

Stellenbosch

27 February 2019

 

On behalf of the board of directors

 

H Sonn: Non-executive director

LJ du Preez: Executive director

 

[DayTraderDad]

Update On Financial Reporting Timeline

 

Steinhoff Investment Holdings Limited

(Incorporated in the Republic of South Africa)

(Registration number: 1954/001893/06)

JSE Code: SHFF

ISIN: ZAE000068367

 

STEINHOFF INVESTMENTS - UPDATE ON FINANCIAL REPORTING TIMELINE

Steinhoff Investment Holdings (the “Company”) (together with its subsidiaries, the “Group”)

 

Update

 

Shareholders are referred to the announcement made on 6 December 2018, where the

Company announced that Steinhoff International Holdings N.V. had estimated that it will

publish its Group audited financial statements for 2017 and 2018 by the middle of April 2019,

and that the 2017 and 2018 financial statements for Steinhoff Investment Holdings Limited

will be released shortly thereafter.

 

The Company is today providing an update that it estimates that it will publish the 2017 and

2018 audited financial statements for Steinhoff Investment Holdings Limited by the end of

May 2019.

 

Shareholders and other investors in the Company are advised to exercise caution when

dealing in the securities of the Group.

 

JSE Sponsor: PSG Capital

 

Stellenbosch, 27 February 2019

[DayTraderDad]

In the coming weeks, three interesting dates await shareholders of Steinhoff International. Tomorrow, the company wants to report on the developments in the past fiscal quarter. In addition, PwC's investigations into the accounting scandal that shook the company in December 2017 come to an end. Steinhoff has just confirmed once again that work on the investigation report will be completed this month - two months later than planned. They want information as soon as possible to disclose, after seeing the report, the company said. Last but not least, the missing balances for the last two financial years will be presented in April.

 

In anticipation of at least the upcoming quarterly report, the Steinhoff share gained significantly in value yesterday. Whether the quarterly report has the meaningfulness, to which some seem to gamble, remains to be seen. In any case, on Tuesday, this caused a significant upturn in sales as well as some trading buy signals in the Steinhoff share. During the course of the day, this climbed to 0.1428 euros, the XETRA closing price at 0.1426 euros (+12.2 percent) is just below. Current indications on Wednesday morning keep the level tight and are at 0.140 / 0.141 euros.

 

 

Steinhoff share has chart technical resistance in view

 

In the last few days we had already pointed out the possible buying signals, which have now also occurred. Signal zones around € 0.124 / € 0.125 and € 0.134 / € 0.136 would now be the first support for the share certificate of the Dutch South African company in the case of chart-driven profit-taking. However, the technical analysis of the Steinhoff share shows an additional hurdle of 0.140 / 0.143 euros, which could not be overcome yesterday. Currently, the brand is still in focus. An outbreak of this could drive Steinhoff's share price from a technical point of view towards 0.149 / 0.152 euros.

 

Attention: The pending news of the group could let this technical analysis of the Steinhoff share and its technical signal zones completely in the background, at least in the short term - depending on, for example, tomorrow the quarterly report and the reaction of the stock exchange to it. 

[Bubble]

Getting kicked out of the Stellenbosch sandpit, nobody wants to play with him anymore. Good! Luckily SNH kicked him out early. This guys is poison.

 

https://www.moneyweb...ol-of-shoprite/

Edited by Bubble, 27 February 2019 - 08:46 AM.

[Investment novice]

Interesting comment from wiese in business day relating to shop rite... He says.... He rarely gets involved in a company of he does not have control.... Is this an admission that he should therefore accept part blame in steinhoff... Delusional belief with his massive lawsuit.... Should see that soon be deflected I hope and pray...

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