15225 replies to this topic

[Rex]

Glad you said that dad...snh does stress me as have over 400000 in....

 

400000 shares or R400000?

[Ms Jet]

Glad you said that dad...snh does stress me as have over 400000 in....

[DayTraderDad]

So far this share has just been going one way..

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I think it will start going up again. It will build up momentum towards the R2.90 up to the 26th Oct.

[leo]

So far this share has just been going one way..

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[DayTraderDad]

I think the main issue for Steinhoff is that it lacks the audited financial statements (just like all other companies have), with this the institutional investors cannot invest as their internal rules prevent them from investing in a company that has no audited statement, for now most of the buyers and sellers are small investors (mostly short sellers).

Actually without an audited statement a company cannot trade on the JSE as the main trading exchange.

The other legal and financial problems do impair the share price, and while the majority of the companies keep experiencing on an on going basis financial and legal issues, and their share price gets affected by this, I don't see any other company trading at a relatively low price as severe as Steinhoff.

Well put Tom. I also think there are lots of people waiting for the restructure plans. Mainly which assets will be sold a to give a good view of the road ahead

[Ms Jet]

True...wish theyd hurry up but also little nervous as to what they say

[Tom]

Well glad mf still being forward thinking as well as tidying up their mess...once mf on better footing i believe this is last big hurdle for snh then shares will start slowly increase...but hoping for an October surge

 

I think the main issue for Steinhoff is that it lacks the audited financial statements (just like all other companies have), with this the institutional investors cannot invest as their internal rules prevent them from investing in a company that has no audited statement, for now most of the buyers and sellers are small investors (mostly short sellers).

Actually without an audited statement a company cannot trade on the JSE as the main trading exchange.

The other legal and financial problems do impair the share price, and while the majority of the companies keep experiencing on an on going basis financial and legal issues, and their share price gets affected by this, I don't see any other company trading at a relatively low price as severe as Steinhoff.

Edited by Tom, 02 October 2018 - 09:42 AM.

[Ms Jet]

Well glad mf still being forward thinking as well as tidying up their mess...once mf on better footing i believe this is last big hurdle for snh then shares will start slowly increase...but hoping for an October surge

[Tom]

The following are two recent news articles (27 and 28 September 2018), and while the one news article talks about closure and shrinking in business, the other is talking about opening new stores and e-commerce expansion:

https://www.bisnow.c...al-battle-93288

http://www.furniture...store-openings/

 

[Investment novice]

Does anyone think restructuring update going affect share price..ie increase it?

Expect massive trades

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[Tom]

Does anyone think restructuring update going affect share price..ie increase it?

 

It did the previous time.

[Ms Jet]

Does anyone think restructuring update going affect share price..ie increase it?

[Lionelza1]

Sorry I mean 17 October.

20 October is what i hve in my diary.....i actually made notes when they were in Parli haha...

 

i hope market havent priced this in already? 

[Tom]

There should be a restructuring update on about 17 September.

 

Sorry I mean 17 October.

[JK001]

There should be a restructuring update on about 17 September.

There was one on 20 September :-), you meant october?

[leo]

There should be a restructuring update on about 17 September.

Today's date is 01 October 2018 on my calender the last time I checked, which was... well 1 sec ago.

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[Tom]

There should be a restructuring update on about 17 September.

[leo]

On the 26th July the agreement was reached for the LUA and they had 3 months to implement the restructure. So the 26th Oct the 3 months are up and the full implementation must happen.

Well played. Tx

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[Ms Jet]

Yes sorry 26th.

[DayTraderDad]

Thought is was the 26th Oct ?

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On the 26th July the agreement was reached for the LUA and they had 3 months to implement the restructure. So the 26th Oct the 3 months are up and the full implementation must happen.