15225 replies to this topic

[Tom]

https://edition.cnn....oday/index.html

[Tom]

https://www.business...nhoff-damages2/

This will direct the blame to those who directly committed irregularities, and Steinhoff cannot be responsible for their unofficial or personal misdeeds.

Edited by Tom, 12 October 2018 - 02:29 PM.

[Tom]

NEWS:

"

Pepkor executives to go after Christo Wiese for Steinhoff damages When Wiese merged Pepkor with Steinhoff in 2015, execs were asked to exchange their shares in the business for Steinhoff shares

 

https://www.business...nhoff-damages2/

"

 

Big question marks are rising again.

Edited by Tom, 12 October 2018 - 02:19 PM.

[Tom]

So far the volume has been low, but high volume is expected to shoot soon.

[Tom]

NYSE will open in 2 hours (at 9:30 NY).

[Tom]

Yea I been checking the news on the market.... Wasn't it Polly that said Oct a kak mnth for the markets?

I don't understand what the link to the crash/correction would be to this share?

This company needs audited financials (just like all other companies have), and also the restructuring to go according to plan.

Edited by Tom, 12 October 2018 - 01:35 PM.

[Tom]

I would be surprised if it goes up... Wouldn't be surprised if it goes down.... The buy was damage control on my avg..

Right now this market causing a relationship trust issue between me and my balls and its not very lekka..... Am playing for next 2 weeks tho

It's already moved up a bit, so for the ones you've bought at 2.07, you're already in profit, and can sell now (if you expect it not to go up), or if you have the balls, then take a deep breath, or wait for next week as per you're plan.

[Lionelza1]

OK nvm I read those articles thanks

[Lionelza1]

Yea I been checking the news on the market.... Wasn't it Polly that said Oct a kak mnth for the markets?

I don't understand what the link to the crash/correction would be to this share?

[Tom]

The volume is very low, I think the market is waiting for the status of the US market before they decide on what to do.

 

The European stock markets are bouncing back:

https://www.cnbc.com...tly-higher.html

 

Wall Street is expected to rally when trading begins today:

https://www.theguard...t-business-live

 

[Lionelza1]

I would be surprised if it goes up... Wouldn't be surprised if it goes down.... The buy was damage control on my avg..

Right now this market causing a relationship trust issue between me and my balls and its not very lekka..... Am playing for next 2 weeks tho

[Tom]

At what price would you guys/gals short sell at today?

[Tom]

Bought at 2.07....i ain't expecting anything today.... Lookin forward to next couple weeks

If it drops below 2bucks I buy more.... No choice now

I think it might start moving up today, it can move up to 2.16 or 2.20 today.

And because next week we're expecting some one or two SENSes, then I think it will start moving up on Monday.

The restructuring update is expected, as mentioned in the last SENS, to be positive, the price is expected to move up when they fire it, but without audited financials, it's not sure if the price can stick up.

Edited by Tom, 12 October 2018 - 01:07 PM.

[Lionelza1]

Bought at 2.07....i ain't expecting anything today.... Lookin forward to next couple weeks

If it drops below 2bucks I buy more.... No choice now

[Tom]

added to shares on my special one ....atleast my useless avg now 2.49

At what price you've bought?

What's the highest price you/we expecting today?

[Lionelza1]

added to shares on my special one ....atleast my useless avg now 2.49

[Tom]

The US import prices data for September are due out later today, what time will it be out (I think from 7am or 8am NewYork Time )? and what can it indicate to us?

Edited by Tom, 12 October 2018 - 11:44 AM.

[Tom]

The share price has become straight like an arrow, but things often come out of the dark.

[Tom]

26-10-2018 the implementation date for the restructuring.

Accroding to the following SENS the the “LUA”) has on 20 July 2018 become effective:

https://irhosted.pro....aspx?id=314984

 

And the following says:

"the implementation of the Restructuring is progressing well and the Group currently anticipates launching the various steps required for implementation of the Restructuring within the period falling 3 months from the effective date of the LUA"

http://firstthing.da...sview?id=316631

 

That makes the implementation of the Restructuring date to be: 20 Oct 2018.

 

Any information otherwise? where have you got the 26-10-2018 from?

Edited by Tom, 12 October 2018 - 11:27 AM.

[Burnt as well]

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