7 votes
The Oracle
Posted 18 July 2018 - 10:16 AM
Bond Price just leaped up to 85% form 76% yesterday.
Could be a glitch in systems or small volume trading, but these people know more than we do at this point in time.
That is a good indicator! remember Steinhoff already informed us...they making good progress!!!
if they were deep in the k-k they would have looked to use the remaining time for a further extension or informed the market that the commercial terms had to be renogotiated
Advanced Member
Advanced Member
Posted 18 July 2018 - 09:52 AM
Bond Price just leaped up to 85% form 76% yesterday.
Could be a glitch in systems or small volume trading, but these people know more than we do at this point in time.
Little Master
Posted 18 July 2018 - 09:13 AM
Sorry that was last night.. Went back to 0.19 it a small trade and this morning at 0.18.
Don't panic. Don't torture yourself. Snh have plenty of time and are making good progress. Extension does not necessarily mean they are in trouble... As mentioned it could be a requirement by creditors.
Look away...
Market may be jittery... But there seems to be support above 0.15 to 0.18.
When there is selling.... Buy
If you worried. Sell and re enter depending on your investment strategy.
Sent from my SM-G950F using Sharenet Sharechat mobile app
Thanks IN,
No selling, maybe more buying!
These are complex agreements which takes time to finalize. I am confident this will happen by end of week.
Thank you for all your comments and information.
The Oracle
Posted 18 July 2018 - 08:58 AM
Little Master
Posted 18 July 2018 - 08:51 AM
Positive progress is being made and the Group is aiming to obtain, as soon as possible, the requisite support levels under the LUA
Okay... So RAM85. Sleep tight... Good news.... Bloomberg shot up 0.21 post closing....
Snh has given market comfort by stating positive progress has been made... What may be happening is that creditors who missed the deadline are forcing the extension to get the benefit
Sent from my SM-G950F using Sharenet Sharechat mobile app
IN where do you see Bloomberg went up 0.21?
Pure torture, but I still cannot see this not being sorted out. As you mention some creditors are probably dragging feet to get a better deal
The Oracle
Posted 17 July 2018 - 10:18 PM
The Oracle
Posted 17 July 2018 - 10:13 PM
Member
Posted 17 July 2018 - 09:52 PM
Deadline has been extended again... We'll now have to wait till Thursday... I don't think this is good news... not a single creditor has signed yet...
EXTENSION OF LOCK-UP EARLY BIRD FAIR DEADLINE Steinhoff International Holdings NV (the "Company" and with its subsidiary, the "Group") Further to the Company's announcement on 11 July 2018 (the "LUA Announcement") confirming the launch of a consent Steinhoff Europe AG, Steinhoff Finance Holding GmbH & Stripes US Holding Incorporated, Ltd., for a lock-up agreement (the "LUA") in connection with the restructuring of the financial indebtedness of the Company. London time on Wednesday, 18 July 2018. The SFHG / SEAG record time (as defined in the LUA) remains unchanged.
Little Master
Posted 17 July 2018 - 06:44 PM
Deadline for early bird fee is 8pm UK time so 9pm SA time.
Best case we get a SENS tomorrow before midday stating they received enough support.
I would expect a share rally if this happens (as the market isn't really pricing in any outcome), but it really is anybody's guess now.
Most of us are invested, so good luck to all. Personally, i doubt we will ever see R20-R30 again.
Newbie
Posted 17 July 2018 - 06:16 PM
Deadline for early bird fee is 8pm UK time so 9pm SA time.
Best case we get a SENS tomorrow before midday stating they received enough support.
I would expect a share rally if this happens (as the market isn't really pricing in any outcome), but it really is anybody's guess now.
Most of us are invested, so good luck to all. Personally, i doubt we will ever see R20-R30 again.
The Oracle
Posted 17 July 2018 - 04:58 PM
The Oracle
Posted 17 July 2018 - 01:04 PM
Member
Posted 17 July 2018 - 11:00 AM
Hi Guys
Been following this post with a lot of interest over the last few months.
I am not a technical tracking guy but more the believer in that a company with 130 000 odd employees cannot just go down.
Had Steinhoff at R 60
So I have been buying in and sitting on a average of R 4.77 and have a few 100 000 worth of shares.
Unfortunatly cannot pump in more funds before selling the family jewelery.
I committed myself to Dec 2018 and will try my utmost to sit on my hands till then and not sell.
If I read all the belowmentioned articles my gut says if they can:
1. Get the agreement in place before 20th
2. Sell a few rotten apples worldwide
3. Get America buying beds again by improving systems etc
Please keep on posting as I believe we all love the opinions and perspective.
Media are doomers and greaters of Gloom and that is how they sell papers. If there is nothing to say they sell us shitty stories on a dayliy basis and if we can get that out of the way and look with a clear vision at things we will find out that:
- South Africa is not such a bad place
- Malema has actually about 1000 fanatical followers
- There is on the ground actually very little racial issues and most of the **** is driven by the media to sell the bloody papers.
- AND LASTLY STEINHOFF is actually a good business.. And that may shock the people who believe all the crap they read in the papers.
I am sure we can have a share at R 20 - R 30 by end 2019. Maybe more
If so Im buying a house cash in Eastcliff in Hermanus and moving to the coast.
haha
Greatings from a Pretoria East that has only now received power after being in the Dark ages for 8 days
Tx
Chris
I have a few other shares that I am looking at also sure that when the tide turns there will be serious profits to be made!
Wesizwe
Sibanye
Little Master
Posted 17 July 2018 - 10:07 AM
wanted to reply before Polly does....
time for the brave to get in, or the foolish....
that's my calling, I wont be surprised this share drops to R2.40 today . will set the buy price at R2.35
Agreed. Will consider to buy more shares around that mark.
Good luck Mr IN
The Oracle
Posted 17 July 2018 - 10:03 AM
We should expect this stock to be very volatile the next few days.
Will hopefully see a nice price jump should the LUA materialize.
wanted to reply before Polly does....
time for the brave to get in, or the foolish....
that's my calling, I wont be surprised this share drops to R2.40 today . will set the buy price at R2.35
Little Master
Posted 17 July 2018 - 08:56 AM
We should expect this stock to be very volatile the next few days.
Will hopefully see a nice price jump should the LUA materialize.
The Oracle
Posted 16 July 2018 - 04:12 PM
Member
Posted 16 July 2018 - 03:37 PM
Eish... In true steinhoff style.
Pain... Pain... Pain...
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What is the issue? Just because the extended the early bird fee deadline? Is that all? What am I missing?
The Oracle
Posted 16 July 2018 - 03:18 PM
