15225 replies to this topic

[Polly]

Maybe I missed what you trying to point out but to me sounds like lots of speculation and negativity you don't even give any notice of the article from Seeking Alpha and further are you sure that CEO committed fraud? Show me the report stating that then I will believe you. All you commenting is not backup with solid information just what people are talking about over and over speculating. The CEO is only one employee of a company he is not the company. I believe the management now in SNH is of high quality and more than capable of navigating SNH out of all this negativity.

why has PWC been appointed then?

[DayTraderDad]

see again you do not  understand what i posted...eish

 

i only used that as a simple example....You very quickly jump to conclusions with out reading and trying to understand the point......

 

 

btw did telkom commit fraud? Did telkom ceo jump ship??

Maybe I missed what you trying to point out but to me sounds like lots of speculation and negativity you don't even give any notice of the article from Seeking Alpha and further are you sure that CEO committed fraud? Show me the report stating that then I will believe you. All you commenting is not backup with solid information just what people are talking about over and over speculating. The CEO is only one employee of a company he is not the company. I believe the management now in SNH is of high quality and more than capable of navigating SNH out of all this negativity.

[Polly]

This is the same old bullxxx of people saying the only fix line telephone company Telkom going to Zero!!! Now SARS going to make SNH bankrupt so that PIC can loose the rest of its money!!! Its amazing what people say!

see again you do not  understand what i posted...eish

 

i only used that as a simple example....You very quickly jump to conclusions with out reading and trying to understand the point......

 

 

btw did telkom commit fraud? Did telkom ceo jump ship??

Edited by Polly, 28 January 2019 - 02:25 PM.

[DayTraderDad]

Hi SK

 

The whole point of SNH going foward is not about reconstruction of the subsidiaries, rescue , trying to extension loan facilities, new management, etc etc.

This is where most missing the point...

 

Simple question

 

What is going to effect Steinhoff going forward?

 

All    what the new management is doing or    ????????

 

let me give you an example to make it easier to understand..

 

 

1. You have a wonderful thriving business but over the years you avoided paying your true taxes.

 

2. Sars comes over and does a full investigation. and then you being told investigation is taking longer than expected 

 

3. This has become public knowledge.

 

4. Your suppliers are now scared to supply you goods in case you cany pay. Existing creditors you ask for extension of time but new goods you foreced to pay cash.

 

5. Your business now facing cash flow problems

 

6. This is going ob for over a year now

 

7. You continuously think and say to your new suppliers and old creditors that SARS investigation is old news and your business is doing fine.

 

8. you approach me for goods on credit....

 

 

Will im supply you goods?  Of cos yes you will say as sars investigation although not complete is old news. 

 

 

Go figure now.....

 

Simple example u i gave so dont tell me old news....This old news will kill this company

 

 

STEINHOFF WILL ONLY BE A GOING CONCERN IF AND WHEN ALL PAST PROBLEMS, CLAIMS AND CONTINGENT LIABILITIES KNOWN AND UNKNOWN ( the old news) BECOME A REALITY AND ARE SORTED OUT BY ALL INVOLVED  AND ACCORDINGLY DEALT WITH IN THE  AFS.

 

Tip: 90% of your time and effort in investing must be spent mitigating risk while only 10% should be spend dreaming about  the dollars, cars and holidays you going to make or go on.

This is the same old bullxxx of people saying the only fix line telephone company Telkom going to Zero!!! Now SARS going to make SNH bankrupt so that PIC can loose the rest of its money!!! Its amazing what people say!

[DayTraderDad]

carefull daytraderdad.....being positive is 1 thing...being realistic is another. the reality for now is we do not know the damage caused, judging from media reports etc etc, it is not good! i for 1 hope this thing rockets off when it eventually comes out, but im also aware that it could moer down big time. And just because the creditors agreed not to close snh's doors, does not mean snh is safe....not for the next 3yrs atleast

Lionel I am not being positive or negative I am working with figures that are already available. What I note is everybody always very negative and basically talking without any facts not even the simplest of models in place then make comments SNH going to Zero and so on. The PEPCO Europe model is a winner recipe yet people ignore that and just see the negative. I personally don't care what people say because my investments does not depend on people or clever money or Mr Markets but is annoying to keep on reading such bullxxxt all the time of negative people good example the Warren discussion its all just guessing and the stupidity is still asking why the authorities have not taken action. Exactly what did Jooste do? People expecting dooms day yet all these years the accountants could not find anything and the saddest part of all now a good management in  place being painted with the same brush as Jooste. Anyway every one to his own the prove is in the eating of the pudding.

[Polly]

If you review the comments on the Seeking Alpha you will find and interesting discussion around expected future value for Steinhoff. We will all take a view and be either positive or negative and then look for confirmation bias. If you look at the comments there is more upside than down. By this time those of us that are long have learnt to be resilient while those that are out continue a negative view often quoting old recycled news.


Sent from my SM-J111F using Sharenet Sharechat mobile app

 

Hi SK

 

The whole point of SNH going foward is not about reconstruction of the subsidiaries, rescue , trying to extension loan facilities, new management, etc etc.

This is where most missing the point...

 

Simple question

 

What is going to effect Steinhoff going forward?

 

All    what the new management is doing or    ????????

 

let me give you an example to make it easier to understand..

 

 

1. You have a wonderful thriving business but over the years you avoided paying your true taxes.

 

2. Sars comes over and does a full investigation. and then you being told investigation is taking longer than expected 

 

3. This has become public knowledge.

 

4. Your suppliers are now scared to supply you goods in case you cany pay. Existing creditors you ask for extension of time but new goods you foreced to pay cash.

 

5. Your business now facing cash flow problems

 

6. This is going ob for over a year now

 

7. You continuously think and say to your new suppliers and old creditors that SARS investigation is old news and your business is doing fine.

 

8. you approach me for goods on credit....

 

 

Will im supply you goods?  Of cos yes you will say as sars investigation although not complete is old news. 

 

 

Go figure now.....

 

Simple example u i gave so dont tell me old news....This old news will kill this company

 

 

STEINHOFF WILL ONLY BE A GOING CONCERN IF AND WHEN ALL PAST PROBLEMS, CLAIMS AND CONTINGENT LIABILITIES KNOWN AND UNKNOWN ( the old news) BECOME A REALITY AND ARE SORTED OUT BY ALL INVOLVED  AND ACCORDINGLY DEALT WITH IN THE  AFS.

 

Tip: 90% of your time and effort in investing must be spent mitigating risk while only 10% should be spend dreaming about  the dollars, cars and holidays you going to make or go on.

[Lionelza1]

thumbs up....

haha cool

[seeking knowledge]

If you review the comments on the Seeking Alpha you will find and interesting discussion around expected future value for Steinhoff. We will all take a view and be either positive or negative and then look for confirmation bias. If you look at the comments there is more upside than down. By this time those of us that are long have learnt to be resilient while those that are out continue a negative view often quoting old recycled news.


Sent from my SM-J111F using Sharenet Sharechat mobile app

[Polly]

carefull daytraderdad.....being positive is 1 thing...being realistic is another. the reality for now is we do not know the damage caused, judging from media reports etc etc, it is not good! i for 1 hope this thing rockets off when it eventually comes out, but im also aware that it could moer down big time. And just because the creditors agreed not to close snh's doors, does not mean snh is safe....not for the next 3yrs atleast

thumbs up....

[Lionelza1]

carefull daytraderdad.....being positive is 1 thing...being realistic is another. the reality for now is we do not know the damage caused, judging from media reports etc etc, it is not good! i for 1 hope this thing rockets off when it eventually comes out, but im also aware that it could moer down big time. And just because the creditors agreed not to close snh's doors, does not mean snh is safe....not for the next 3yrs atleast

[DayTraderDad]

Pity as i said...You still dont understand that statement..You never even thought for one minute about that statement but posted same drivel. eish like talking to a 5 year old now...

 

If you understood the statement , you wouldn't be comparing shf with all those other shares...

Yes I might be a 5 year old but I must be very clever because at 5 I can already see that Mr Market and clever money are false not to mention how manipulated markets are and the best people are like sheep follow the Mr Market with blinkers. Anyway Polly maybe in a couple of months this 5 year old going to show an expert a couple of tricks just give it time. Just go to the Somerset Mall and see how many people are inside the Ackerman and PEP shopping compared to the other nearly empty stores then workout where the clever money is.

Edited by DayTraderDad, 28 January 2019 - 12:43 PM.

[Polly]

Polly the only reason the share collapse is the clever people investing with other peoples money dumped the share then sent letter to the owners of the cash saying sorry you lost money but don't worry we going to put class action to get your money back. Anyway I saw this movie many times Telkom where still can see on utube David Shapiro saying Telkom is going to zero then a couple year late reached R60. The day before the collapse of DiData expert on Summit TV saying the best share to buy is Didata then the very next day a dramatic fall. Do you want me to go on and on with Mr Market and clever money examples? What about the latest coronation and the NewLook of Brait bonds? People are very clever when using other people money!

Pity as i said...You still dont understand that statement..You never even thought for one minute about that statement but posted same drivel. eish like talking to a 5 year old now...

 

If you understood the statement , you wouldn't be comparing shf with all those other shares...

Edited by Polly, 28 January 2019 - 12:24 PM.

[DayTraderDad]

if you only understand this statement and why this happened, you wont invest in steinhoff....Pity

Polly the only reason the share collapse is the clever people investing with other peoples money dumped the share then sent letter to the owners of the cash saying sorry you lost money but don't worry we going to put class action to get your money back. Anyway I saw this movie many times Telkom where still can see on utube David Shapiro saying Telkom is going to zero then a couple year late reached R60. The day before the collapse of DiData expert on Summit TV saying the best share to buy is Didata then the very next day a dramatic fall. Do you want me to go on and on with Mr Market and clever money examples? What about the latest coronation and the NewLook of Brait bonds? People are very clever when using other people money!

[Ms Jet]

 

Yes I agree each person has is own views but for some reason journalist only love sad and bad news don't really pay much attention on good news because good news does not sell. So how sure are we all that Jooste did something illegal? This reminds me of the famous joke asking a mathematician what is 1+1 and he says 1.9998888 then ask the same to an accountant and he says "What do you want it to be?"  I will still have a very good cry in this chatroom because when all comes out there will be many red faces.

 

This share looks stuck and down since I sold. Grateful I got out even though sold 2.05, hope goes well you people but I wont buy snh again unless there are afs to back up why would be smart

.

[Polly]

Hahaha were was the Mr Market and clever money on the 6th Dec 2017!!!!

if you only understand this statement and why this happened, you wont invest in steinhoff....Pity

[Polly]

Yes I agree each person has is own views but for some reason journalist only love sad and bad news don't really pay much attention on good news because good news does not sell. So how sure are we all that Jooste did something illegal? This reminds me of the famous joke asking a mathematician what is 1+1 and he says 1.9998888 then ask the same to an accountant and he says "What do you want it to be?"  I will still have a very good cry in this chatroom because when all comes out there will be many red faces.

[DayTraderDad]

thats juts his view....why should i think he is correct?

 

Mr Market or the clever money still doesnt seem to agree with him yet....

Hahaha were was the Mr Market and clever money on the 6th Dec 2017!!!!

[DayTraderDad]

no negativity or anything to think about Dad...everyone has his views....

 

Big difference between fancy accounting and FRAUD!!

 

exactly like a very fine line by being a genius and being insane.

Yes I agree each person has is own views but for some reason journalist only love sad and bad news don't really pay much attention on good news because good news does not sell. So how sure are we all that Jooste did something illegal? This reminds me of the famous joke asking a mathematician what is 1+1 and he says 1.9998888 then ask the same to an accountant and he says "What do you want it to be?"  I will still have a very good laugh in this chatroom because when all comes out there will be many red faces.

[Polly]

 Try for once to look past the negativity and read the piece from Seeking Alpha which puts it very clear.

thats juts his view....why should i think he is correct?

 

Mr Market or the clever money still doesnt seem to agree with him yet....

Edited by Polly, 28 January 2019 - 11:50 AM.

[Polly]

no negativity or anything to think about Dad...everyone has his views....

 

Big difference between fancy accounting and FRAUD!!

 

exactly like a very fine line by being a genius and being insane.