15225 replies to this topic

[leo]

MASSIVE!!

Ditto

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[Ms Jet]

https://www.iol.co.z...s-name-17241896

[leo]

So what you're saying is that the current boards and management of Steinhoff are conspiring with the creditors against the best interest of the share holders ?

Conspiring is a strong word.... creditors stand to loose the most now. Shareholders have already lost say..95%.

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[Tom]

MASSIVE!!

 

You have an opinion totally different to the opinion of leo.

[Bubble]

So, what do you ask Steve Booysen when you sitting in the same restaurant? Or do I throw something...

[Lionelza1]

How much of a role audited or not audited financial statements play in the low current price of Steinhoff?

MASSIVE!!

[Tom]

No. Cause it's worth nothing at the moment. Lendors will make a killing, as the bought in 60 to 75c and getting 10%p.a. and they in deep so they want to company to continue as a going concern.

What's left for ordinary shareholders... not much.



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So what you're saying is that the current boards and management of Steinhoff are conspiring with the creditors against the best interest of the share holders ?

Edited by Tom, 27 September 2018 - 05:45 PM.

[leo]

Steinhoff is the only company on the JSE that doesn't have audited financial statements.
PwC is taking too long in their investigation.

I know some banks that have sold all their shares in Steinhoff during the first half of 2018.

Will the audited financial statements coming in December 2018, be able to give the possibility for the institutional and banking investment funds to start again having exposure or increase their exposure to Steinhoff ? and why ?

No. Cause it's worth nothing at the moment. Lendors will make a killing, as the bought in 60 to 75c and getting 10%p.a. and they in deep so they want to company to continue as a going concern.

What's left for ordinary shareholders... not much.



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[Tom]

How much of a role audited or not audited financial statements play in the low current price of Steinhoff?

[Tom]

Steinhoff is the only company on the JSE that doesn't have audited financial statements.

PwC is taking too long in their investigation.

 

I know some banks that have sold all their shares in Steinhoff during the first half of 2018.

 

Will the audited financial statements coming in December 2018, be able to give the possibility for the institutional and banking investment funds to start again having exposure or increase their exposure to Steinhoff ? and why ?

Edited by Tom, 27 September 2018 - 05:31 PM.

[leo]

Very pleased it stubbornly wont drop....i like its attitude

Haha, sorry man.

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[leo]

The Rand is getting stronger so I guess keeping price steady

Good news. Closed lower. Think tomo maybe a good day to buy. Imo

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[Ms Jet]

Very pleased it stubbornly wont drop....i like its attitude

[DayTraderDad]

This share stubbornly doesn't want to drop.... well below 240.

The Rand is getting stronger so I guess keeping price steady

[DayTraderDad]

Any expected SENS or event tomorrow, or next week?

I think market waiting for news on MF. Could be anytime I guess until 26th Oct

[Tom]

Any expected SENS or event tomorrow, or next week?

Edited by Tom, 27 September 2018 - 04:53 PM.

[leo]

This share stubbornly doesn't want to drop.... well below 240.

[leo]

These are my thoughts, this way SNH can exchange shares for creditor debt. I think Hemisphere property is going to be sold (no point to pay 10% inerest on the loans) and the debt paid and who ever uses the properties will pay rental to the property owners.My vision is that at the end there will listings of MF, Pepkor Europe, Conforama listed and Greenlit with SNH has holding 51% of all listed companies with a EBITDA of about Euro450 mil per year with a debt of Euro 2.5 to 2.8. I also think they going to sell the share holding in Pepkor SA to 51%. As for the liabilities there has still to be proved that there was fraud committed and over evaluation with backup paper work don't think is fraud. VEB claim will eventually disappear as well as the Wiese and other because after all this restructure the share could well get back to the R20 or R30 ever a period of 5 years and therefore there would be limited looses to the hold shareholders. Maybe I am smoking green tobacco but sounds good to me. Hahaha

Drugs my bru

[Lionelza1]

These are my thoughts, this way SNH can exchange shares for creditor debt. I think Hemisphere property is going to be sold (no point to pay 10% inerest on the loans) and the debt paid and who ever uses the properties will pay rental to the property owners.My vision is that at the end there will listings of MF, Pepkor Europe, Conforama listed and Greenlit with SNH has holding 51% of all listed companies with a EBITDA of about Euro450 mil per year with a debt of Euro 2.5 to 2.8. I also think they going to sell the share holding in Pepkor SA to 51%. As for the liabilities there has still to be proved that there was fraud committed and over evaluation with backup paper work don't think is fraud. VEB claim will eventually disappear as well as the Wiese and other because after all this restructure the share could well get back to the R20 or R30 ever a period of 5 years and therefore there would be limited looses to the hold shareholders. Maybe I am smoking green tobacco but sounds good to me. Hahaha

hahahaha need to give some of your tobacco to Mr Market and we all be happy

[DayTraderDad]

What are the positives and negatives to this strategy- how would new shareholders in the IPO entity be protected from liability?

Has this been the strategy worked on with the lenders in the lockup?

will the property portfolio also be listed?

would there be any benefit from listing MF- unlikely as undervalued? management buyout more likely? would Pepkor SA or Pepkor Europe- be an interested entity due to the regional opportunity to cross sell products

 

I still am blind on the outcomes

These are my thoughts, this way SNH can exchange shares for creditor debt. I think Hemisphere property is going to be sold (no point to pay 10% inerest on the loans) and the debt paid and who ever uses the properties will pay rental to the property owners.My vision is that at the end there will listings of MF, Pepkor Europe, Conforama listed and Greenlit with SNH has holding 51% of all listed companies with a EBITDA of about Euro450 mil per year with a debt of Euro 2.5 to 2.8. I also think they going to sell the share holding in Pepkor SA to 51%. As for the liabilities there has still to be proved that there was fraud committed and over evaluation with backup paper work don't think is fraud. VEB claim will eventually disappear as well as the Wiese and other because after all this restructure the share could well get back to the R20 or R30 ever a period of 5 years and therefore there would be limited looses to the hold shareholders. Maybe I am smoking green tobacco but sounds good to me. Hahaha