15225 replies to this topic

[SoleTrader]

Strip the goodwill and intangibles from the assets and this company is technically insolvent. Current ratio less than 1 indicating massive problems. Results unaudited. Debt levels massive, we need clarity on the restructuring programme. Normalised numbers okay, depending if they can defend lawsuits against them. Very risky IMO.

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[leo]

Its equity position also shrank following the restatement. After originally being at €16.635bn at the end of March 2017, it was restated to €5.692bn. At the end of March 2018, its total equity was €3.793bn.

There is 4.3b issued shares. If they can sort out the liquidity. Then think so.

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[Investment novice]

Wow....a mouthful....hope to read some interesting analyst reports....
I am pleased with the current status...my smll brain says there i ope for shareholders for some value recovery

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[Investment novice]

Normal shreholders should not expect a dividend....what we need is debt stability and operational stability. If we get this today fantastic. Remember expect financials to be loss making....
Litigation liability would be the remaining unknown and should not expect much on this..however....snh will be deferring blame to fraudsters as those investigations pickup.....ad we should expect litigation to be along drawn out affair....


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[Ram85]

Steinhoff just declared a preference share dividend of 427c per share, for a total of R64m.  So just maybe the results are going to surprise.  Long at 128c.

 

What does this mean for us normal shareholders... I there any other information out today that can benefit us?

[Investment novice]

Steinhoff just declared a preference share dividend of 427c per share, for a total of R64m. So just maybe the results are going to surprise. Long at 128c.

Really do hope sa investors holding on to cash to catch the uptrend ...if this goes well...

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[SoleTrader]

Steinhoff just declared a preference share dividend of 427c per share, for a total of R64m.  So just maybe the results are going to surprise.  Long at 128c.

[leo]

Think it's more of a legality point as oppose as I'm sure these negotiations have been ongoing for some period now.

Just hope Wiese has our(shareholders) back for change.

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[Investment novice]

 media sensationalism....investor jitters as share price drops to 1.22....from a high of 124???

 

there is a statutory requirement for the letters of extension and the restructuring agreements have not yet been finalised.

it is tragic that the board had provided themselves so little time to finalise restructuring especially since the financials are only expected today or tomorrow.

this is indeed sad evidence to the boards maturity and indication that in 2019 there needs to be further changes following survival.

 

or does this actually indicate a failure to reach agreement on the restructuring- this would be most concerning.

according to yesterdays SENS there is no indication of this- perhaps my biased blindness looked for calmness rather than a write off on my investment.

 

 

awaiting financials !!!

 

and eagerly awaiting forensic reports!

 

 

[Investment novice]

 media sensationalism....investor jitters as share price drops to 1.22....from a high of 124???

 

there is a statutory requirement for the letters of extension and the restructuring agreements have not yet been finalised.

it is tragic that the board had provided themselves so little time to finalise restructuring especially since the financials are only expected today or tomorrow.

this is indeed sad evidence to the boards maturity and indication that in 2019 there needs to be further changes following survival.

 

or does this actually indicate a failure to reach agreement on the restructuring- this would be most concerning.

according to yesterdays SENS there is no indication of this- perhaps my biased blindness looked for calmness rather than a write off on my investment.

 

 

awaiting financials !!!

 

and eagerly awaiting forensic reports!

 

 

[Investment novice]

The calm before the storm. Too many people have lost too much money. Technically, you taking a blind gamble as there are no fundamentals.

True...the calm befor the storm....we in a do or die....todays sens was quite informative semed positive though the delay was not welcomed.....

Bancruptcy priced in...

Continue prayers and good thoughts....

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[leo]

The calm before the storm. Too many people have lost too much money. Technically, you taking a blind gamble as there are no fundamentals.

[Ram85]

Very low trade volume the last few days. I would have thought there would be more considering Friday is around the corner...

[Investment novice]

Be interesting to know how much the steinhoff family themselves are going to be in for.......anyone know their net worth....a few billion dollars.....

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[Investment novice]

https://www.business...eal-down-under/
Steinhoff’s dodgy deal down under

Be good that all of these are yester year transactions. Shows intent and extent but also demonstrates that they are historical and does not impact futire earnings...hmm snh to claim some recompense from the sharks even if a pittence . .

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[Shi]

https://www.business...eal-down-under/

Steinhoff’s dodgy deal down under

[Investment novice]

Frankurt trades registered for SNH

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[Ram85]

Thanks for the quick reply.

 

However, this does not explain why all the other exchanges are also not trading... eg. Tradegate, Xetra, Frankfurt, etc. 

 

Wondering what's up with that.

[Shi]

Std Bank has the following notice:

 

 

Please be advised that the JSE is experiencing issues with the Equity market. Some orders have been rejected as a result. Please check if your orders have been affected. Please trade with caution.

The Equity market will commence the opening auction at 10:40AM, with continuous trading starting at 11:00AM.

[Shi]

Very weird, nothing on Std Bank, Sharent, or the JSE ... no share prices, no SENS, as it everything is at a standstill as at 8:30 this morning.