15225 replies to this topic

[Lionelza1]

Yea delayed but good cause less "issues" for next 4 weeks

 

Jussus i just saw that friggen spike on tradegate ....but then obviously followed by a dump haha

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[Lionelza1]

Just delayed i guess. If you looking to sell, maybe tomorrow is your chance to buy back in later

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Yea delayed but good cause less "issues" for next 4 weeks

 

Jussus i just saw that friggen spike on tradegate ....but then obviously followed by a dump haha

[leo]

hhmm good......

Just delayed i guess. If you looking to sell, maybe tomorrow is your chance to buy back in later

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[Tom]

Another problem is that the court cases will keep hammering the share price, that's why I think that the share holders need to reach an agreement with the lawyers to do a swift settlement (within weeks) to their case against Steinhoff, where the share holder agree and accept to get a discounted reasonable settlement (say half) with Steinhoff in exchange for a quick early pay, this will be better than a long trial against Steinhoff where we don't know what outcome there will be (which could take 10 to 15 years, and end up with a small compensation or nothing).

 

While the cases that the shareholders have against Deloitte, ABSA, Barclays and Commerzbank, former Chairman, former CEO and former CFO and their insurances, ...etc. can go to the courts and take the time they take.

Another problem is that the court cases will keep hammering the share price, that's why I think that.

 

The shareholders need to also sort it out for Steinhoff with all law firms beside VEB (e.g. TILP, barentskrans...etc.).

 

As for the cases the shareholder have against parties other than Steinhoff (e.g. Deloitte, ABSA, Barclays and Commerzbank, former Chairman, former CEO and former CFO and their insurances, ...etc.), then it can carry on in full for as long as it takes.

Edited by Tom, 17 October 2018 - 06:45 PM.

[Lionelza1]

Investment group VEB/European Investors and global retailer Steinhoff International Holdings N.V. ("Steinhoff") have agreed to suspend the collective action currently ongoing between them in The Netherlands until 3 April 2019.

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hhmm good......

[Lionelza1]

Am pissed coz i bought a bit last Friday to bring my avg down and here on Monday that late announcement... Anywayz don't wanna make a decision in this mood it is what it is.....

I wait and see

[leo]

Investment group VEB/European Investors and global retailer Steinhoff International Holdings N.V. ("Steinhoff") have agreed to suspend the collective action currently ongoing between them in The Netherlands until 3 April 2019.

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[leo]

VEB/European Investors, as a collective representative, has sued Steinhoff in the Dutch court for certain financial statements, prospectuses and press releases, which according to VEB are incorrect and misleading. The suspension will grant Steinhoff time to continue the ongoing restructuring of its business and to make further progress with its investigations and the preparation of its financial statements. According to Danie van der Merwe, Steinhoff's acting CEO, "Steinhoff is engaged in a complex reorganisation as it restructures its financial liabilities and finalises investigations and financial statements. This agreement allows us time to focus on completing these tasks in the interests of all stakeholders." VEB/European Investors have agreed to this important step as this will support the stabilisation of the company's business, which is in the interest of both former and current Steinhoff shareholders.

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[Tom]

What more bad news can happen?

Edited by Tom, 17 October 2018 - 06:18 PM.

[Tom]

Lionel if you've left it too late to sell and take a temporary loss,,,as long as SNH isn't going to go bust I would hold out way past nov and try and buy very low R1ssss...its to up and down you will kick yourself if you buy in at 1.70...Im only buying in again if very low 1s and not going in too heave...I had R500000 in, wasn't comfortable....rather put my money in more "sensible" type shares.. I took a loss but made earlier in the year so just have to deal with that...better than looking at my loss sliding to futher loss...was horrible....I really wouldn't buy in at R1.70 though...if goes 1.40 youll be freaked out.....as long as doesn't go under once institutions can start buying it should go up as is a bit of a bargain....vasbyt!!!!

It hard for me to believe it can go down to very low 1s (unless some really bad news comes in), but anything can happen.

Edited by Tom, 17 October 2018 - 06:11 PM.

[Ms Jet]

Lionel if you've left it too late to sell and take a temporary loss,,,as long as SNH isn't going to go bust I would hold out way past nov and try and buy very low R1ssss...its to up and down you will kick yourself if you buy in at 1.70...Im only buying in again if very low 1s and not going in too heave...I had R500000 in, wasn't comfortable....rather put my money in more "sensible" type shares.. I took a loss but made earlier in the year so just have to deal with that...better than looking at my loss sliding to futher loss...was horrible....I really wouldn't buy in at R1.70 though...if goes 1.40 youll be freaked out.....as long as doesn't go under once institutions can start buying it should go up as is a bit of a bargain....vasbyt!!!!

[leo]

End of October there will be TILP lawyers are holding conferences for the shareholders, this will result in a media coverage that might give SNH another price drop.

Tx

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[Tom]

End of October there will be TILP lawyers are holding conferences for the shareholders, this will result in a media coverage that might give SNH another price drop.

[Tom]

European markets are mostly down now.

Dowjones and Nasdaq are down now.

Worries and fear of a crash and a recession might be returning to the international market.

Edited by Tom, 17 October 2018 - 05:32 PM.

[Lionelza1]

I've looked at so many scenarios to sell off 50% and I'm just not seeing it work in my favour....well share gotta drop to around 1.70 to buy back in.... So will it drop to 1.70?

That extension messed things up big time

[leo]

Seems like everytime there's news on MF it drops

The share is manipulated, we all know it. Suckers like us just get strung along.

Going to wait 2 to 3 weeks before getting back in again.

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[Lionelza1]

Thanks.

I hate this share...took a small beating.

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i am taking a pounding!....but no choice to keep strong

[Lionelza1]

Seems like everytime there's news on MF it drops

[leo]

Steinhoff's Mattress Firm Files Motion to Reject 99 More Leases


Embattled retailer Steinhoff International Holdings NV’s U.S. unit has filed a motion to reject the leases of another 99 bedding stores.

Earlier in the month bankrupt Mattress Firm Inc. filed a motion to reject 306 unexpired leases, according to the Delaware court filing. The bed retailer filed for bankruptcy on Oct. 5 with plans to shutter as many as 700 stores.

Thanks.

I hate this share...took a small beating.

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[Burnt as well]

Steinhoff's Mattress Firm Files Motion to Reject 99 More Leases

 

Embattled retailer Steinhoff International Holdings NV’s U.S. unit has filed a motion to reject the leases of another 99 bedding stores.

 

Earlier in the month bankrupt Mattress Firm Inc. filed a motion to reject 306 unexpired leases, according to the Delaware court filing. The bed retailer filed for bankruptcy on Oct. 5 with plans to shutter as many as 700 stores.