15225 replies to this topic

[Ms Jet]

I don't think they will be selling MF, as all the news (I read) say that the offers they got so far are not acceptable, so (I think) it's better for mattress firm to restructure it sounds like using bankruptcy chapter 11 is a common way to get out of bad leases, so they hoping once they file for chapter 11, that they can apply to the court and the court will (as they hope) grant them a cancellation of the leases they say are over priced).

Hi Tom, I know chapter 11 is a soft option to sort companies out so this is ideal, however I am not sure how Serta Simmonds would stand with their huge amount of mattresses MF have on their premises and are unpaid for. I may be "barking up the wrong tree" but I would imagine if they buy out MF they secure their stock...otherwise potentially a big loss for them.....Or perhaps with chapter 11 stock does not come into it, but I know if it was a proper bankruptcy this would become a huge issue.

I am really not sure what is best for MF as apparently bed in a box is huge in the states and you can buy beds half price online...Anyway anything bankruptcy 11. first prize, second prize its bought is good ...All good except re financing as it is throwing good money after bad.

[Tom]

Hahaha......sens we would hope for about mattress firm bankruptcy or MF buy out soon...in days id say..20th we should have the full restructuring..it is 3 months from 20 july and they said within 3 months...both should be eventful...and hopefully in positive way.....If MF has a buy out it may not be as positive as share holders unlikely to like the price...if its bankruptcy chapter 11 I think reaction will be good....My gut feeling is at the last minute there will be a buy out...but who knows...

 

I don't think they will be selling MF, as all the news (I read) say that the offers they got so far are not acceptable, so (I think) it's better for mattress firm to restructure it sounds like using bankruptcy chapter 11 is a common way to get out of bad leases, so they hoping once they file for chapter 11, that they can apply to the court and the court will (as they hope) grant them a cancellation of the leases they say are over priced).

[Ms Jet]

Hi Ms Jet, 

 

Does it come with biryani? roti & a bunny chow?

 

Are there 2 dates to look out for?

 

20th October and?

 

M

Hahaha......sens we would hope for about mattress firm bankruptcy or MF buy out soon...in days id say..20th we should have the full restructuring..it is 3 months from 20 july and they said within 3 months...both should be eventful...and hopefully in positive way.....If MF has a buy out it may not be as positive as share holders unlikely to like the price...if its bankruptcy chapter 11 I think reaction will be good....My gut feeling is at the last minute there will be a buy out...but who knows...

[Motivated]

So,,,what are we hoping for when sens breaks on MF and on 20th October....predictions anyone...ps they selling the Durban poisen beer in spar...Im sure it will be out in Durban first, if anyone needs a shipment to help their predictions just let me know...lol

Hi Ms Jet, 

 

Does it come with biryani? roti & a bunny chow?

 

Are there 2 dates to look out for?

 

20th October and?

 

M

[Ms Jet]

So,,,what are we hoping for when sens breaks on MF and on 20th October....predictions anyone...ps they selling the Durban poisen beer in spar...Im sure it will be out in Durban first, if anyone needs a shipment to help their predictions just let me know...lol

[Ms Jet]

Cant login on sharechat on my cell at all anymore, any ideas anyone..

[Lionelza1]

 Screenshot_20181004-140327.jpg   77.51KB   0 downloads

 

first smiley face....and now check this market out 

[Motivated]

  

See if you can find the sens where the financial results and dividend were declared, alternatively scrutinize the financial results presentations and find the amount declared. In addition to the 8%, it depends how often dividends are paid out. e.g. if your investment payes out 2 a year, it would be 8 / 2 = 4%.

Hi JK001, 

 

 

Thank you very much.

 

ShareNet has the financial results with dividend declared

 

Dividend 

A final gross cash dividend of 8.0 cents per share in respect of the year ended 30 June 2018 has been declared payable, from income reserves, to the holders of ordinary shares recorded in the books of the Company on Friday, 5 October 2018.

 

Yes,  I see some of the equities payout dividends twice in the year

 

Thanks, 

M

[JK001]

 

Hi, 
 
A quick question...
 
 
I want to know how to calculate Dividend Payout 
 
If the Dividend yield = 8%
 
and I own 50000 shares........
 
 
The payout I will receive = 50 000 x 8 % = R4 000?
 
Correct?

 

See if you can find the sens where the financial results and dividend were declared, alternatively scrutinize the financial results presentations and find the amount declared. In addition to the 8%, it depends how often dividends are paid out. e.g. if your investment payes out 2 a year, it would be 8 / 2 = 4%.

Edited by JK001, 04 October 2018 - 11:17 AM.

[leo]

Hi,

A quick question...


I want to know how to calculate Dividend Payout

If the Dividend yield = 8%

and I own 50000 shares........


The payout I will receive = 50 000 x 8 % = R4 000?

Correct?

No. Dividend yield is over the share price

Sent from my SM-G935F using Sharenet Sharechat mobile app

[Tom]

Chapter 11 bankruptcy, give the option of restructuring, or liquidating, but mostly used by companies to restructure.

I (guess) they should (and they would) try restructuring, rather than selling off at a low price.

I (guess) the whole move it to actually get rid of the bad leases.

[Motivated]

Hi, 

 

A quick question...

 

 

I want to know how to calculate Dividend Payout 

 

If the Dividend yield = 8%

 

and I own 50000 shares........

 

 

The payout I will receive = 50 000 x 8 % = R4 000?

 

Correct?

Edited by Motivated, 04 October 2018 - 10:18 AM.

[Lionelza1]

Yea Larry close stores good.... Now from bankruptcy to that article on selling MF at loss, not so good... Theres money to be made in the states.... My take Keep it and turn it around....

And these Americans and their news.... Jussis I don't trust

[LarryK]

@lionell sorry my bad. What I meant was it was mentioned in the presentation they will be reducing store numbers if I recall correctly

[Ms Jet]

http://www.inceconne...m-on-the-ropes-

 

The problem with SA media always very sensational and for me very amateur because they take a Reuters news feed and put in spice. Now if one compares with the WSJ article much more sensible with more information. Sad!!!

Agreed, bit pathetic copy and pasting and adding a few lines

[DayTraderDad]

http://www.inceconne...m-on-the-ropes-

 

The problem with SA media always very sensational and for me very amateur because they take a Reuters news feed and put in spice. Now if one compares with the WSJ article much more sensible with more information. Sad!!!

[DayTraderDad]

Thanks JK I read up on it... Never done so much reading in all my life!
So why is the market not buying this rumour... Surely it's good for MF
I read up on the lenders presentation and it didn't seem to give any indication for bankruptcy

Watch for the SENSE announcement that will make share move.

[Lionelza1]

Thanks JK I read up on it... Never done so much reading in all my life!
So why is the market not buying this rumour... Surely it's good for MF
I read up on the lenders presentation and it didn't seem to give any indication for bankruptcy

[DayTraderDad]

Hope the mind altering beer given you good insight as to todays share movements and the months..

Haha todays is going to be exciting and interesting with all the good news about MF. Still too early for beer but think R2.40 could happen today.

[leo]

So so so .....

 

https://nypost.com/2...-goes-bankrupt/

 

The owner of Serta Simmons, the nation’s largest mattress maker, is weighing a plan to acquire Mattress Firm if the struggling retailer goes bankrupt, The Post has learned.

Serta Simmons owner Advent International, a Boston-based buyout firm, may bid for the biggest US mattress retailer once it files for Chapter 11 — a filing that may happen as soon as this week, according to sources.

But Mattress Firm CEO Steve Stagner and Tempur CEO Scott Thompson aren’t on friendly terms and, under Stagner, Mattress Firm will likely not invite Tempur back, the source said. Steinhoff International, which acquired Mattress Firm in 2016 for $2.6 billion, does not have any known plans to replace Stagner.

“There will be no change if the CEOs don’t change,” the source said. After buying Mattress Firm, Steinhoff scooped up the Long Island-based Sleepy’s for $780 million. Mattress Firm could fetch a price close to $1 billion in a bankruptcy auction as it closes 600 to 700 stores, sources said.

Advent declined to comment. Mattress Firm did not return calls.