15225 replies to this topic

[Bubble]

This share would've attracted a lot of new money and with it a lot of newbies to the market.... So there could still be that possibility

It also attracted all the opportunistic old hands and skilled traders, ready to take the money from newbies...guess who is winning... (not me)

[Lionelza1]

It's pomping in Frankfurt already

[Lionelza1]

This share would've attracted a lot of new money and with it a lot of newbies to the market.... So there could still be that possibility

[Lionelza1]

Agreed.

Will be very surprised if there's such a big leap, no chance of R4 as mentioned below imho.
The hemisphere agreement was already agreed upon prior, and the expectation was conclusion.

There is also an irony in people believing it will leap and then they will dump, as it is actually this short term trading keeping the share down. (besides for the other obvious issues)

Hahaha damn now that will be a **** up

[Matrix]

mmm everyone jolly here thinking of a big run up huh..

 

Lets see Mr Markets response

 

For newbies there is such a thing as priced in/ buy the rumour sell the fact

 

Agreed.

 

Will be very surprised if there's such a big leap, no chance of R4 as mentioned below imho.

The hemisphere agreement was already agreed upon prior, and the expectation was conclusion.

 

There is also an irony in people believing it will leap and then they will dump, as it is actually this short term trading keeping the share down. (besides for the other obvious issues)

[Lionelza1]

mmm everyone jolly here thinking of a big run up huh..

Lets see Mr Markets response

For newbies there is such a thing as priced in/ buy the rumour sell the fact

Hi Polly.... I'm not understanding the latter... Plse Elobarate?

[Polly]

mmm everyone jolly here thinking of a big run up huh..

 

Lets see Mr Markets response

 

For newbies there is such a thing as priced in/ buy the rumour sell the fact

[LarryK]

Lol poor snh... Markets gonna continue to punish this share but serves them right... They all knew of Babbas friends corruption and they done nudda!!

They need a serious cultural change within of how they do business and if that doesn't happen.... No hope! For now I'll give Ms Jackie Chan benefit of doubt.

I'll be exiting today after 2nd dump... But nice long days trade so will check how it flows

New news out?

[Lionelza1]

Lol poor snh... Markets gonna continue to punish this share but serves them right... They all knew of Babbas friends corruption and they done nudda!!

They need a serious cultural change within of how they do business and if that doesn't happen.... No hope! For now I'll give Ms Jackie Chan benefit of doubt.

I'll be exiting today after 2nd dump... But nice long days trade so will check how it flows

[woolhoff]

LOL.... Guys today's the friggen day!!!

🤑🤑🤑
Guys what highs could we expect today and a good exit price? Your thoughts anyone ?snippit?

[Lionelza1]

The bubbly on ice yet? Or zamalek? 😂😂😂

Hoping to see the R4 today...

[leo]

 Online Alert
New Sens Announcement (06 Sep 2018):
Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1954/001893/06) JSE Code: SHFF ISIN: ZAE000068367 HEMISPHERE RESTRUCTURING COMPLETED Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group") The Company refers to its announcement of 26 July 2018 noting that the terms of a lock-up agreement (the "Hemisphere LUA") with respect to the implementation of the potential restructuring of the financial indebtedness of Hemisphere International Properties B.V. ("Hemisphere") (the "Hemisphere Restructuring") had become effective in accordance with its terms. The Company further refers to subsequent announcements of 6 August 2018, 21 August 2018, 27 August 2018 and 4 September 2018 providing updates on the progress of the Hemisphere Restructuring. The Company is pleased to announce that the Hemisphere Restructuring, effecting the terms set out in the term sheet (the "Hemisphere Term Sheet") appended to the Hemisphere LUA (available at www.lucid-is.com/steinhoff) has been completed and amended finance documents in respect of the financial indebtedness of Hemisphere are in full force and effect. In particular, the Company notes that: - the new secured Hemisphere term loan facility (for an initial principal amount of E774,841,666.65) (the "Hemisphere Facility") will mature on the earlier of (i) the date that falls three years after the date on which the restructuring of the financial indebtedness of Steinhoff Europe AG and Steinhoff Finance Holding GmbH ("SFH") is effective; and (ii) 31 December 2021; - interest shall accrue on the Hemisphere Facility at a rate of 10 per cent. per annum, payable in cash on a "pay if you can" basis (subject to an excess cash sweep), with any interest not paid to be payable as PIK interest which will compound and capitalise on a semi-annual basis; - the Hemisphere Facility contains various undertakings and covenants that are in line with the Hemisphere Term Sheet or otherwise typical for financings of this nature; - the new finance documents contain various provisions relating to the treatment of certain intercompany payables from Hemisphere to SFH following determination of the validity and ranking of such payables pursuant to agreed binding advice proceedings; and - the Company has entered into a contingent payment instrument in relation to the Hemisphere Facility substantially on the terms set out in the Hemisphere Term Sheet. The Company's payment obligations (if any) under such instrument shall arise on the maturity date of the Hemisphere Facility or earlier but only in the event that certain limited events of default relating to the Company occur prior to such date. Shareholders and other investors in the Company are advised to exercise caution when dealing in the securities of the Group. JSE Sponsor: PSG Capital Stellenbosch, 6 September 2018 Date: 06/09/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). Th.

Edited by leo, 06 September 2018 - 07:32 AM.

[Ms Jet]

Snippit and polly are usually quite accurate! I just dont understand snippit what high could be afterwave 2 please?

[LarryK]

LOL.... Guys today's the friggen day!!!

The bubbly on ice yet? Or zamalek? 😂😂😂

[Lionelza1]

Remind me again when this has ever been accurate?

LOL.... Guys today's the friggen day!!!

[woolhoff]

Cor blimey - what a picture...

https://jsecharts.bl...inhoff-snh.html

Remind me again when this has ever been accurate?

[Trader001]

sorry R3.8 billion in the kitty.....I cannot add and subtract

[Trader001]

If I heard correctly (pse correct me if I am wrong) Markus said. he has a Trust which had 68 million Steinhoff shares then continued that it was worth R6,8 Billion. Then later someone asked him..How much did you lose on Steinhoff? He then replied  that he loss R3 billion on the decline of the share price..So he should still have about R3 billion in the kitty...that is why he can afford a 'battery of attorneys LOL

[realkingkam]

Still no sens... WTF

[LarryK]

Haha I feel sane.... But sheesh the amount of days lost coz of this yooohhh

Could have got another degree by now 😂