15225 replies to this topic

[Lionelza1]

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?

[Lionelza1]

These ouks r doing things in reverse as everytime there's positive news about snh we see the price jump up and then the slow poison till the next set of news comes out and the market acts accordingly.

I feel the reason for this is that we still do not know of their financial mess and the more they delay fy17, the worse off for this share.

Q4, restructuring etc is scheduled to come out before fy17 so still not good for stability of this share.

So the way I've seen it play is, good news out, then there's a pump followed by a dump or the slow poison. I think that trend will continue until such time fy17 is out.

Now if they had to release fy17 first, followed by all the positive i.e MF, restructing, creditors approvals etc... Surely we would've seen a more stable share price?

[Chris101]

Looks like there should be nice momentum when restructuring announced, or q4.....


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Jip Pressure is building!!!

[Investment novice]

Looks like there should be nice momentum when restructuring announced, or q4.....


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[Tom]

.

.

Commercial Director and CEO Designate Louis du Preez said:

"The agreements reached today with creditors of the Group’s key finance companies are
key to bringing in a new period of financial stability for the Group and enabling
management to focus on maximizing the potential of the Group’s various businesses. On
behalf of the management board I would like to take this opportunity to thank everyone
concerned for the tremendous efforts involved in reaching this critical milestone in the
restructuring of the Group’s financial indebtedness."
.

.

 

They always say in their SENSes (of this year), something like this one:

 

"The agreements reached today with creditors of the Group’s key finance companies are

key to bringing in a new period of financial stability for the Group and enabling
management to focus on maximizing the potential of the Group’s various businesses"

 

Does this mean that the "Group’s various businesses" haven't been doing well, and that they so far explaining this by saying that they have been busy with the restructuring of the debt, and that they haven't had time to focus on the business.

Edited by Tom, 14 December 2018 - 08:50 PM.

[Tom]

Eish.... And there she drops

 

I think that the buy order(s) that pushed it 10% up were instant computer issued orders (I think based on the computer analysis of the SENS or the new news articles).

[Lionelza1]

Only problem that's big gains for them to dump

Eish.... And there she drops

[Lionelza1]

10% jump on tradegate

Only problem that's big gains for them to dump

[leo]

10% jump on tradegate

[Lionelza1]

Mamma fuuckin Mia

[Chris101]

STEINHOFF INTERNATIONAL HOLDINGS N.V. - STEINHOFF APPROVAL OF COMPANY VOLUNTARY ARRANGEMENTS FOR SEAG AND SFHG 14 December 2018 17:40

SNH SHFF 201812140093A
Steinhoff – Approval Of Company Voluntary Arrangements For SEAG And SFHG

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367


Steinhoff – Approval of company voluntary arrangements for SEAG and SFHG
Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group").

The Company refers to its announcement of 30 November 2018 (the "30 November
Announcement") in respect of company voluntary arrangements proposed in relation to
Steinhoff Europe AG ("SEAG") (the "SEAG CVA") and Steinhoff Finance Holding GmbH
("SFHG") (the "SFHG CVA").

Further to the 30 November Announcement, the Company is pleased to announce that
meetings of the creditors and members of SEAG and SFHG were held today and that the
SEAG CVA and the SFHG CVA have been approved by the requisite majorities of their
respective creditors and by their members.

The SEAG CVA was approved by approximately 94% of those creditors who voted
(including approval by approximately 93% of SEAG’s external financial creditors). The SFHG
CVA was approved by approximately 99% of those creditors who voted (including
approval by approximately 89% of SFHG’s external financial creditors). The relevant reports
in relation to the meetings have been filed with the English Court and notice of the results
has been provided to the relevant creditors at www.lucid.is.com/steinhoff.

The SEAG CVA documentation and SFHG CVA documentation can be downloaded free
of charge at www.lucid-is.com/steinhoff.

As set out in the SEAG CVA documentation and SFHG CVA documentation, a number of
steps remain to be taken before the SEAG CVA and the SFHG CVA are fully effective and
the restructuring of the Group’s financial indebtedness is implemented. The Group will
continue to keep stakeholders informed as to the progress of these steps as appropriate.

Commercial Director and CEO Designate Louis du Preez said:

"The agreements reached today with creditors of the Group’s key finance companies are
key to bringing in a new period of financial stability for the Group and enabling
management to focus on maximizing the potential of the Group’s various businesses. On
behalf of the management board I would like to take this opportunity to thank everyone
concerned for the tremendous efforts involved in reaching this critical milestone in the
restructuring of the Group’s financial indebtedness."

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, 14 December 2018

Date: 14/12/2018 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS

Lets see if this put some fire under STEINHOFF arse....

[Chris101]

STEINHOFF INTERNATIONAL HOLDINGS N.V. - STEINHOFF APPROVAL OF COMPANY VOLUNTARY ARRANGEMENTS FOR SEAG AND SFHG 14 December 2018 17:40

SNH SHFF 201812140093A
Steinhoff – Approval Of Company Voluntary Arrangements For SEAG And SFHG

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367


Steinhoff – Approval of company voluntary arrangements for SEAG and SFHG
Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group").

The Company refers to its announcement of 30 November 2018 (the "30 November
Announcement") in respect of company voluntary arrangements proposed in relation to
Steinhoff Europe AG ("SEAG") (the "SEAG CVA") and Steinhoff Finance Holding GmbH
("SFHG") (the "SFHG CVA").

Further to the 30 November Announcement, the Company is pleased to announce that
meetings of the creditors and members of SEAG and SFHG were held today and that the
SEAG CVA and the SFHG CVA have been approved by the requisite majorities of their
respective creditors and by their members.

The SEAG CVA was approved by approximately 94% of those creditors who voted
(including approval by approximately 93% of SEAG’s external financial creditors). The SFHG
CVA was approved by approximately 99% of those creditors who voted (including
approval by approximately 89% of SFHG’s external financial creditors). The relevant reports
in relation to the meetings have been filed with the English Court and notice of the results
has been provided to the relevant creditors at www.lucid.is.com/steinhoff.

The SEAG CVA documentation and SFHG CVA documentation can be downloaded free
of charge at www.lucid-is.com/steinhoff.

As set out in the SEAG CVA documentation and SFHG CVA documentation, a number of
steps remain to be taken before the SEAG CVA and the SFHG CVA are fully effective and
the restructuring of the Group’s financial indebtedness is implemented. The Group will
continue to keep stakeholders informed as to the progress of these steps as appropriate.

Commercial Director and CEO Designate Louis du Preez said:

"The agreements reached today with creditors of the Group’s key finance companies are
key to bringing in a new period of financial stability for the Group and enabling
management to focus on maximizing the potential of the Group’s various businesses. On
behalf of the management board I would like to take this opportunity to thank everyone
concerned for the tremendous efforts involved in reaching this critical milestone in the
restructuring of the Group’s financial indebtedness."

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, 14 December 2018

Date: 14/12/2018 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

 

[leo]

Break even for the day...next time.

[Lionelza1]

Slow poison

[leo]

Likelihood of positive momentum is usually greater in the morning. Just saying

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[Lionelza1]

I did warn you....

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Yea too much resistance on that 1.80 eh

I'm gonna wait this one out... Day not yet over

[leo]

Oh hell

I did warn you....

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[Lionelza1]

Have you taken the time to look at the current quotes time. 12.58.Am. bound to break down.

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Oh hell

[leo]

Went for a short a bit too early. I'll be happy with break even.

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[leo]

Eish maybe 3rd time lucky?

Have you taken the time to look at the current quotes time. 12.58.Am. bound to break down.

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