15225 replies to this topic

[Tom]

Nor is the bond price/market

First big drop due to extension of PWC/AFS, and then on 14 Dec during the creditors meeting.

These prices declined before the SENS news come out, so they knew.

 

No Christmas gifts here. (Did the same LY, just before the Xmas week, the traders rather took the money out) 

It looks like the bond holders are thinking that Steinhoff might not be able to pay back the debt, so they rather sell off and take whatever money they can take.

Many think that if things carry on the same way they're now, with Steinhoff not able to post any decent profit margin that can cover the debt mounting cost (plus other costs), that Steinhoff will be asking the creditors for another debt restructuring in 3 years time.

Edited by Tom, 18 December 2018 - 02:00 PM.

[Bubble]

The market doesn't seam to be excited any more about the debt restructuring news, or another approval from the creditors.

Nor is the bond price/market

First big drop due to extension of PWC/AFS, and then on 14 Dec during the creditors meeting.

These prices declined before the SENS news come out, so they knew.

 

No Christmas gifts here. (Did the same LY, just before the Xmas week, the traders rather took the money out) 

Attached Files

•  Steinhoff.JPG   47.06KB   27 downloads

Edited by Bubble, 18 December 2018 - 01:50 PM.

[Lionelza1]

Yea Tom that's the way I view it as well.

If I may, we've seen " SIGNIFICANT PROGRESS" in the lack of interest from the markets ... Can't blame them, when ur fed lies and bullshit

[Tom]

We saw big gains last week before that Friday sens about creditors approval... Then we saw the dump... I still feel the creditors are manipulating and making money of this share as they have first hand info... Afterall it is the creditors that's calling the shots? Anywayz All speculation

The biggest issue is why trade this share? Forget about how big steinhoff is etc as it does not matter... What matters now is, is it worth your money, answer is we do not know.

So as long as it still trades, play the game the market is playing... Pump... Then dump... Until they give us numbers and not significant progress kak.

Yesterday ruined it I would've sold haha... So now I stuck till the next set of news... Quartely update which will come out when even steinhoff does not know according to Leo's phonecall to them

The market doesn't seam to be excited any more about the debt restructuring news, or another approval from the creditors.

[Lionelza1]

Some talk about big investment firms buying in etc etc, I don't see that happening for at least the next 3 yrs.... And gotta question if these ouks r still going to be around

[Lionelza1]

We saw big gains last week before that Friday sens about creditors approval... Then we saw the dump... I still feel the creditors are manipulating and making money of this share as they have first hand info... Afterall it is the creditors that's calling the shots? Anywayz All speculation

The biggest issue is why trade this share? Forget about how big steinhoff is etc as it does not matter... What matters now is, is it worth your money, answer is we do not know.

So as long as it still trades, play the game the market is playing... Pump... Then dump... Until they give us numbers and not significant progress kak.

Yesterday ruined it I would've sold haha... So now I stuck till the next set of news... Quartely update which will come out when even steinhoff does not know according to Leo's phonecall to them

[Tom]

Getting chowed! Might see R1. 00 Feb next year

 

The 10% increase in slaes at Poundland doesn't seam to be doing much to the share price.

 

What worries me about Feb is that the release of the PwC reports, will cause another sensational news wave in the media, fuel the the court cases, and then the attorneys from all over (class actions, Wiese, ...etc.) will come out with statements and possibly actions.

Edited by Tom, 18 December 2018 - 12:12 PM.

[Lionelza1]

Getting chowed! Might see R1. 00 Feb next year

[Tom]

Steinhoff will be probably posting losses for this year, probably because of Mattress Firm and other costs.

What are the options for Steinhoff moving forward?

If the shenanigans started in the 1990s, as some claim, does that give some merit to Wiese'a case?, even though he was part of the management for 2 years and a chairman for another 2 years, and he did agree, push for and organize loans for the disastrous Mattress Firm deal ?

 

Does the share price actually worth ZERO as many people say, or is it an extremely high risk share with far too much mess, even at the current level of prices 1.77 rands ?

Edited by Tom, 18 December 2018 - 11:02 AM.

[Tom]

Lion, Tom or Chris. Pls pm me...need 1 favour from one of you pls...need someone to sms me when q4 results come out.

"I'm (("supposed")) to get an SMS and and an email (("instantly")) when a SENS comes out, unfortunately I get it about 10 minutes after, so actually by that time the price has changed big time already, let alone that I still need at least 10 minutes to read it and another at least 10 minutes to analyse it.

The fastest speed I can do is 15 minutes, which is late already, because the price usually starts instantly changing as soon as the SENS come out, which make me sure that it's actually computer generated buy or sell orders (can be issued within seconds from the SENS), or it's big traders, brokers, or financial institutions that have instant connection to the market SENSes and orders (they can react within less than 3 minutes).

[leo]

Nothing....

[Lionelza1]

90‰ of the gains gone!

Same old story

[Lionelza1]

And there's that drop!

[Lionelza1]

Leo I'm closing up on Friday and will be losing this phone .... Won't be able to assist bud

[Lionelza1]

R2 mark around about there..... Hope she steadied off... Lots of gains to dump tho

[leo]

Lion, Tom or Chris. Pls pm me...need 1 favour from one of you pls...need someone to sms me when q4 results come out.

[leo]

Tradegate is pumping again...on the back of Friday's late pump.

[Lionelza1]

So we should see a steady up to the R2 mark? if it's more of the slow poison then it will pretty much sum up things

[leo]

https://www.boerse-e...ng-machen-71856

Nice summary of where we are...

Nice one

[Chris101]

And then perhaps they had to do what they done because of time constraints... Anywayz point I'm trying to make is we should see market stability once we know their financial status?

https://www.boerse-e...ng-machen-71856

 

Nice summary of where we are...