15225 replies to this topic

[Lionelza1]

I have no issue with Polly, whose views are totally different to my own.  He has explained his position rationally, and although I disagree sharply, he has at least made a substantive and relatively logical and coherent argument.

 

The other guy on the other hand is like a 6 year old who cannot get their own way.  I get the sense that his is deeply immature.

 

Best Regards

Captainfrom82

yes i am immature when it comes to the markets....infact i am clueless.....is why i am gambling on this share....and i can tell you as a fact that this share is nothing but a gamble (for now)...but you on the other hand are completely immature to think that it is currently not a gamble

[DayTraderDad]

Hi DayTraderDad,

 

The columns are skewed and makes the review difficult to understand.  Is it possible to post this as a picture ?

 

Best Regards

Captainfrom82

Sorry I cannot do that but copy the post then paste into Word and adjust with spaces. I have this in a spreadsheet but every time a put it across it looses the format.

[Snippit]

Shakespeare created "Much Ado About Nothing" a comedy similar to this thread of fake noise makers riding on a roundabout, going nowhere and achieving absolutely nothing. 

 

They want you to buy their clients rubbish dump. Its a big job to drum up so many idiots. Gonna keep all this play acting going for years.

 

[Captainfrom82]

 

This is the model I made and use to evaluate and determine the future share price. Note this is my own idea but I can show how I got to the R20 and R30 share price in three years.

 

DEBT STRUCTURE Euro- Billion Remarks

Initial debt 9300 Excluding SA debt

POCO Debt takeover -140 Concluded

POCO – Moneys to receive from sale 50%                                                    -271 Concluded

Sale of Kika Leiner -590 Concluded

Sale of Matress Firm 49,9% -525 Concluded

Recovery from Wieser advance to buy SHP                                                  -350 Concluded

Sale of Hemisphere – Should be the next step -324 Remaining  with PropCos rental income – EUR 29.6 mil

Sale of Conforama properties – In the news                                                  -850 In news prop sale 850

Sale of Automotive business -617 Book value 475 but bought new business

SEAG Debt taken by entities PEPCO, Greenlit Brands and Conforama -1478 There is talk that each businerss to have its own debt

Sale of KAAP shares                                                                                     -360 At today’s market value

Sale 49.9% of PEPCO and Greenlit Brands & Conforama -3,795 Half of turnover. There is news SNH looking for interest in PEPCO

 

DEBT of SNH to be carried after restructuring 0

 

Alternative SNH could not sell PEPCO, Greenlit & Conforama and keep the debt of 3795 and pay it off. 

 

Earnings                                      €639

Shares in issue 4200 

EPS Profit per share €0.1521

RoE  16.50

PE 15

Expected share price in EUR €2.2822

Expected share price in ZAR R 37.66

Dividend distribution percentage of free cash flow 50.00%

CASH available for dividends – Profit/2 – Distribution 50% - EUR €0.0380

CASH available for dividends – Profit/2 – Distribution 50% - ZAR R 0.63

 

 

 

Hi DayTraderDad,

 

The columns are skewed and makes the review difficult to understand.  Is it possible to post this as a picture ?

 

Best Regards

Captainfrom82

[DayTraderDad]

hahaha oh boy. you got it wrong. i am just an emotional investor who's losing money

 

again i say, there's a huge difference between being positive and being realistic. you are not being realistic......if you cant see that this share could go to that zero, youre setting yourself up for a big loss......but dont worry....like Cappy say....chill...its just money

Haha just cannot understand if you still thinking of the Zero results why are you still holding. If I was in your shoes would close out immediately and go and get totally pissxx with the money I had left.

[Captainfrom82]

Haha Lionel sorry I know this is between you and Captain but finally I twigged whats happening both you and Polly are either old Tekkie Town gang or do business with Pepkor and they tightening up and you guys now pissxxx hence the negativity. I guess if I was in your shoes would do the same hope things will turn for the better.

 

I have no issue with Polly, whose views are totally different to my own.  He has explained his position rationally, and although I disagree sharply, he has at least made a substantive and relatively logical and coherent argument.

 

The other guy on the other hand is like a 6 year old who cannot get their own way.  I get the sense that his is deeply immature.

 

Best Regards

Captainfrom82

[Lionelza1]

Haha Lionel sorry I know this is between you and Captain but finally I twigged whats happening both you and Polly are either old Tekkie Town gang or do business with Pepkor and they tightening up and you guys now pissxxx hence the negativity. I guess if I was in your shoes would do the same hope things will turn for the better.

hahaha oh boy. you got it wrong. i am just an emotional investor who's losing money

 

again i say, there's a huge difference between being positive and being realistic. you are not being realistic......if you cant see that this share could go to that zero, youre setting yourself up for a big loss......but dont worry....like Cappy say....chill...its just money

[DayTraderDad]

   


hahaha, u sound like u part of that USELESS management......and if that is the case could you rather supply us with inside info so we could make some money? instead of defending those useless liars?

u need to grow up dude, they have a whole in thier balance sheet.....please tell me what that figure is...and if you cant...then stfu and wait for them to tell us....instead of praising them

Haha Lionel sorry I know this is between you and Captain but finally I twigged whats happening both you and Polly are either old Tekkie Town gang or do business with Pepkor and they tightening up and you guys now pissxxx hence the negativity. I guess if I was in your shoes would do the same hope things will turn for the better.

[Lionelza1]

Rubbish!!!

 

If you were compelled by a Court, you would not have the ability to discharge your deliveries.

 

If you were delayed in a traffic jam and did not reach your destination on time, you are in effect in default.

 

You need to grow up in order to understand things.  I will wait the 8 years that it will take for you to get to 21 years old!

 

No Regards

Captainfrom82

and yes u are right....delays do happen and you communicate appropriately......so what was snh'S communication? it is more complicated than they initally thought?.....ya....CLUELESS

[Lionelza1]

 

Rubbish!!!
 
If you were compelled by a Court, you would not have the ability to discharge your deliveries.
 
If you were delayed in a traffic jam and did not reach your destination on time, you are in effect in default.
 
You need to grow up in order to understand things.  I will wait the 8 years that it will take for you to get to 21 years old!
 
No Regards
Captainfrom82

 


hahaha, u sound like u part of that USELESS management......and if that is the case could you rather supply us with inside info so we could make some money? instead of defending those useless liars?

u need to grow up dude, they have a whole in thier balance sheet.....please tell me what that figure is...and if you cant...then stfu and wait for them to tell us....instead of praising them

[DayTraderDad]

Rubbish!!!

 

If you were compelled by a Court, you would not have the ability to discharge your deliveries.

 

If you were delayed in a traffic jam and did not reach your destination on time, you are in effect in default.

 

You need to grow up in order to understand things.  I will wait the 8 years that it will take for you to get to 21 years old!

 

No Regards

Captainfrom82

Exactly I think the free be days are over management tightening up on wastage.

[DayTraderDad]

Just like useless snh management, u have too many excuses.

 

When i commit to my customer, i make sure my supplier delivers. Full stop

Ok now I know Lionel are you also in Tekkie Town old club camp? Haha 

[Captainfrom82]

Just like useless snh management, u have too many excuses.

 

When i commit to my customer, i make sure my supplier delivers. Full stop

 

Rubbish!!!

 

If you were compelled by a Court, you would not have the ability to discharge your deliveries.

 

If you were delayed in a traffic jam and did not reach your destination on time, you are in effect in default.

 

You need to grow up in order to understand things.  I will wait the 8 years that it will take for you to get to 21 years old!

 

No Regards

Captainfrom82

[DayTraderDad]

This is the model I made and use to evaluate and determine the future share price. Note this is my own idea but I can show how I got to the R20 and R30 share price in three years.

 

DEBT STRUCTURE Euro- Billion Remarks

Initial debt 9300 Excluding SA debt

POCO Debt takeover -140 Concluded

POCO – Moneys to receive from sale 50%                                                    -271 Concluded

Sale of Kika Leiner -590 Concluded

Sale of Matress Firm 49,9% -525 Concluded

Recovery from Wieser advance to buy SHP                                                  -350 Concluded

Sale of Hemisphere – Should be the next step -324 Remaining  with PropCos rental income – EUR 29.6 mil

Sale of Conforama properties – In the news                                                  -850 In news prop sale 850

Sale of Automotive business -617 Book value 475 but bought new business

SEAG Debt taken by entities PEPCO, Greenlit Brands and Conforama -1478 There is talk that each businerss to have its own debt

Sale of KAAP shares                                                                                     -360 At today’s market value

Sale 49.9% of PEPCO and Greenlit Brands & Conforama -3,795 Half of turnover. There is news SNH looking for interest in PEPCO

 

DEBT of SNH to be carried after restructuring 0

 

Alternative SNH could not sell PEPCO, Greenlit & Conforama and keep the debt of 3795 and pay it off. 

 

Earnings                                      €639

Shares in issue 4200 

EPS Profit per share €0.1521

RoE  16.50

PE 15

Expected share price in EUR €2.2822

Expected share price in ZAR R 37.66

Dividend distribution percentage of free cash flow 50.00%

CASH available for dividends – Profit/2 – Distribution 50% - EUR €0.0380

CASH available for dividends – Profit/2 – Distribution 50% - ZAR R 0.63

 

 

[Polly]

my final 2 c here.....

 

If you pumping merely on valuing the company on its assets , when there are so many other complications,  you actually need to see a doctor to have your head read!!! borderline insanity!!!

[Lionelza1]

 

Lionel exactly my point. No one should invest on what they read should invest on their best judgement this is the first rule. How sure you are that maybe Polly has taken a short position and then talks the share down to make a profit? It is common for once a person takes a position talks other to believe the same thing to make the person feel better. There are thousands of Polly around even the top favourites Viceroy. By saying the share is going to Zero is a misleading as saying it will get to the R20 just different probabilities. For me this chatroom is being used to manipulate ideas instead of being informative and allow individuals to have their own opinions. I can say where I get the R20 from the same as were the article in Seeking Alpha but I see no backup to the Zero theory. All I ear is the margins will be squeezed etc but no calculations or facts so that is very much misleading people. Anyway another thing is listen to the UK House of Commons audit testimony for you to find out how accountants operate its shocking yet we getting told about financials.

 


accountants know the difference between right and wrong. dont forget whos paying them and where instructions come from. its only when the accountant has had enough, do we situations like what happened between snh and deloitte

[Lionelza1]

Just like useless snh management, u have too many excuses.

 

When i commit to my customer, i make sure my supplier delivers. Full stop

and the fact that the suppliers are not delivering for snh, tells alot about snh management

Edited by Lionelza1, 31 January 2019 - 11:53 AM.

[Lionelza1]

Lionelza1,

 

Surely there MUST have been some time in your own life or business, where you physically could not follow through on a planned course of action because or legal or procedural reasons.

 

You seem to be extremely emotional and be fixated on the misconception that the delays are all the Steinhoff Management fault. 

 

Steinhoff cannot release the FY17 and FY18 results without the PwC report being completed.  Explain to be in an unemotional and reasonable manner why this is Steinhoff's fault.

 

The LUA which was the precursor to the CVA had to be negotiated with the international creditors and eventually was signed with enormous success.  You have not given any credit whatsoever for what was an incredibly difficult task.  Yet SNH Management accomplished this.

 

The CVA would have been implemented on 11 Jan 2019 had it not been for LSW.  How is this SNH Management's fault?

 

I get it that you are invested, and are restless, and may even be at a loss position now, and angry, and, and, and...

 

To be an investor, a successful one, you have to be far more in control of your feelings.

 

Relax dude, its only money.

 

Best Regards

Captainfrom82

Just like useless snh management, u have too many excuses.

 

When i commit to my customer, i make sure my supplier delivers. Full stop

[Captainfrom82]

hahaha, i always maintained i dont care if snh fails or not...and i still do not care, i am playing the gamble that snh will recorrect and so too will the markets....what happens afterwards i do not care!

 

so i spent the entire day last year watching the parli process for insight etc, and i bought in again for LUA which du preez (USELESS LIAR) confidently told parli AND the entire market world that come 20Oct LUA would be signed sealed and delivered, i bought in last week in sept for this 20oct promise.......so where are we today (they have been 2 extensions w.r.t LUA since then)? at that time the share price was around R2.50

 

When i first bought into snh and joined this sharechat, i was influenced by what i read on here....and i pumped accordingly......so i hear exactly what Polly says when he uses the words.....do not mislead

 

To cut the long BS short, I have my monies in snh, this management will continue to be useless in my opinion until such time they start delivering on THEIR promises. And the FACT that they keep delaying tells me 1 thing....they are CLUELESS and USELESS

 

So yes, i wait and see.

 

PS Cappy, i am using my money, not Pollys money.....i am with NO1!

 

PPS, i think it is absolutely missleading to be calling share price figures such as R9, R20 etc etc....and also Pollys ZERO, having said that, i would be shooting myself in the foot should ignore that there is a strong probability that this share could drop towards that zero!

 

Lionelza1,

 

Surely there MUST have been some time in your own life or business, where you physically could not follow through on a planned course of action because or legal or procedural reasons.

 

You seem to be extremely emotional and be fixated on the misconception that the delays are all the Steinhoff Management fault. 

 

Steinhoff cannot release the FY17 and FY18 results without the PwC report being completed.  Explain to be in an unemotional and reasonable manner why this is Steinhoff's fault.

 

The LUA which was the precursor to the CVA had to be negotiated with the international creditors and eventually was signed with enormous success.  You have not given any credit whatsoever for what was an incredibly difficult task.  Yet SNH Management accomplished this.

 

The CVA would have been implemented on 11 Jan 2019 had it not been for LSW.  How is this SNH Management's fault?

 

I get it that you are invested, and are restless, and may even be at a loss position now, and angry, and, and, and...

 

To be an investor, a successful one, you have to be far more in control of your feelings.

 

Relax dude, its only money.

 

Best Regards

Captainfrom82

[DayTraderDad]

 

 

When i first bought into snh and joined this sharechat, i was influenced by what i read on here....and i pumped accordingly......so i hear exactly what Polly says when he uses the words.....do not mislead

 

 

 

Lionel exactly my point. No one should invest on what they read should invest on their best judgement this is the first rule. How sure you are that maybe Polly has taken a short position and then talks the share down to make a profit? It is common for once a person takes a position talks other to believe the same thing to make the person feel better. There are thousands of Polly around even the top favourites Viceroy. By saying the share is going to Zero is a misleading as saying it will get to the R20 just different probabilities. For me this chatroom is being used to manipulate ideas instead of being informative and allow individuals to have their own opinions. I can say where I get the R20 from the same as were the article in Seeking Alpha but I see no backup to the Zero theory. All I ear is the margins will be squeezed etc but no calculations or facts so that is very much misleading people. Anyway another thing is listen to the UK House of Commons audit testimony for you to find out how accountants operate its shocking yet we getting told about financials.