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Steinhoff New clean thread.....


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#1 Polly

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Posted Today, 01:43 PM

only reaon i can think of is either Mr Market completely " HATES" this share or they manipulating the price... :D

or maybe Mr Market does not really know everything after all...

 

Its missing out on info by the 3 so called gurus on the " Sharechat Forum"

 

Maybe someone should inform this info to Mr Market!!!

 

Senseless repeating posting same info on how good this share is in the other thread..Inform Mr Market!!  ;)

 

Im sure he will listen to any " TIPS"  :)


Edited by Polly, Today, 01:48 PM.

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#2 Investment novice

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Posted Today, 10:52 AM

Majot concern that restructuring may be delayed or fail.
Also concermed that the debt to equity swap is difficult to price.
And legal battles unquantified.
If the above is true will see sustained uptrend follwoing a succesful restructuring process

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#3 Polly

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Posted Today, 09:24 AM

last two days all markets running wild...our retailers busting out through the roof...Why is the PS flat to red??

 

mmmm....

only reaon i can think of is either Mr Market completely " HATES" this share or they manipulating the price... :D


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#4 Polly

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Posted Today, 09:17 AM

last two days all markets running wild...our retailers busting out through the roof...Why is the PS flat to red??

 

mmmm....


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#5 Polly

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Posted 16 July 2019 - 03:06 PM

This share has had AMPLE opportunity to break its all time low. So far.....

 

Take this exert from the Going Concern conclusion. When I read this, my initial thought was 'oh f@k, there goes my money' 

 

The Management Board draw attention to the following facts:

(i) the Group’s current liabilities exceed current assets; and

(ii) that these material uncertainties extend beyond the foreseeable future. These facts therefore cast significant doubt upon the Company and Group’s ability to continue as a going concern beyond the foreseeable future

 

But..... this share persists. I believe this share is teetering on a knife edge at this price. Yes, mainly due to Pepkor and in some respects, a slight glimmer of hope RE: MF. 

 

However that goes with saying that I do not believe we have seen the bottom of this share. (should litigation take a turn for the worst) 

 

Let me ask you this... Let's say, CVA is finalized, restructuring is agreed upon, and SNH can start slowly rebuilding. and then a big IF, all large scale claims are dropped / settled in a way the market deems fair. You'd still not give this share the light of day? Equity wise. 

 

FWIW, I'm not looking for guidance this particular post, I am confident with my position, just for conversation's sake. 

Of cos anything can happen...No one can predict the future...But in my opinion too tall an ask...Just too much going against it!! and the very first thing that will give it a hangover for years to come is " a clean audit opinion"    ..that could take as in the other forums opinion....at least 10 years...

 

Will they survive that long?? cant see it...They continue to burn cash at an alarming rate daily with those specialist advisory fees , top notch specialists employees taken in , legal fees etc....Just cant see it in this tought economic environment!!!

 

and BTW CW is one old sly fox....He wants the PS to survive and share price to rally...he is supporting it all the way...and then...bang in comes his claim out of the blue when they in the road to recovery!! 


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#6 new john

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Posted 16 July 2019 - 02:27 PM

At what price?

Normally they say dont chase good money after bad money...

IN the case of the PS , its more like no money chasing bad money!!!

 

IMO the true value of the PS is 0...Mr Market is generous because of Pepkor Arica which is the only sub thats has value...All others valued at NIL by the market.

 

IF CW gets his way , that will go too and then back to 0

 

This share has had AMPLE opportunity to break its all time low. So far.....

 

Take this exert from the Going Concern conclusion. When I read this, my initial thought was 'oh f@k, there goes my money' 

 

The Management Board draw attention to the following facts:

(i) the Group’s current liabilities exceed current assets; and

(ii) that these material uncertainties extend beyond the foreseeable future. These facts therefore cast significant doubt upon the Company and Group’s ability to continue as a going concern beyond the foreseeable future

 

But..... this share persists. I believe this share is teetering on a knife edge at this price. Yes, mainly due to Pepkor and in some respects, a slight glimmer of hope RE: MF. 

 

However that goes with saying that I do not believe we have seen the bottom of this share. (should litigation take a turn for the worst) 

 

Let me ask you this... Let's say, CVA is finalized, restructuring is agreed upon, and SNH can start slowly rebuilding. and then a big IF, all large scale claims are dropped / settled in a way the market deems fair. You'd still not give this share the light of day? Equity wise. 

 

FWIW, I'm not looking for guidance this particular post, I am confident with my position, just for conversation's sake. 


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#7 Polly

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Posted 16 July 2019 - 02:01 PM

. And my experience / limited knowledge leads me to believe that the price is on the basis that SNH is able to squash most of the “worst case scenario” claims.

I

 

At what price?

Normally they say dont chase good money after bad money...

IN the case of the PS , its more like no money chasing bad money!!!

 

IMO the true value of the PS is 0...Mr Market is generous because of Pepkor Arica which is the only sub thats has value...All others valued at NIL by the market.

 

IF CW gets his way , that will go too and then back to 0


Edited by Polly, 16 July 2019 - 02:01 PM.

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#8 Investment novice

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Posted 16 July 2019 - 11:49 AM

Cva and finalisation is still a massive uncertainty. Creditors may play hard ball and not sign off and drag this on...this is a massive issue for snh
Litigation ofcourse itself is unquantifed and also a massive risk but here we think snh has no choice but a settlement probably share allocation and further dilution. Many years of court cases and interesting to see if snh goes after auditors etc...


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#9 Lionelza1

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Posted 16 July 2019 - 11:37 AM

Good views, some were waiting for results for the run up, hasn't happened, some now waiting on the 20days, am guessing pattern will be same, pump and dump

So the run up as most are expecting will only start happening when the uncertainties are progressed in steinhoffs favour?
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#10 Polly

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Posted 16 July 2019 - 11:30 AM

Wouldn’t necessarily say “whacked”. Price is correcting itself to what the market deems it’s worth is. Release of results just shook things up a bit but everything reported was already baked into the price even before its release.

Each and every time we believe we must “wait for this” and the price will start moving or “once this is released” we should see movement. I tend to disagree. Mr Market (not a term coined by anyone in this forum BTW) has decided what the price will be here. In terms of future earnings, liquidity, balance sheet ect

However..... the question is..... how much “punitive damage” resulting from claims to the company is baked in to the price. And my experience / limited knowledge leads me to believe that the price is on the basis that SNH is able to squash most of the “worst case scenario” claims.

It’s with that in mind that I’m not TOO concerned about the CVA as IMO the price is already based on its implementation. As well as the restructuring.

My concern and basis on which I’ll be adding anything is on the release of news regarding the Litigation aspect of this share.

I do not claim or believe to be anything CLOSE to an expert on this matter. My opinions are based on what I read and my understanding thereof so PLEASE feel free to challenge my thoughts.

I, much like a lot of people on this forum, stalker or otherwise, WANTS to believe this share will go up. And ultimately profit as a result. So with that in mind, if what I’ve said above is total and utter bullnonsense, I’d appreciate constructive criticism.

 

Thats a good reading of the market NJ..

 

market hates uncertainty...and this share is full of them...

 

Obviously litigation is one of the uncertainties...but not the only!!

 

 

 

 

 

Institutions buying??Dont really think so...IF you follow price every bounce has been taken down...Meaning in my opinion institutions trapped in here are actually selling their holdings on any price strength...Whos buying then? reckon mostly the  gamblers only!!

 

Back to my bull/bear line....Price below so short any bounce is name of game until further notice!!!!


Edited by Polly, 16 July 2019 - 11:32 AM.

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#11 new john

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Posted 16 July 2019 - 11:17 AM

Wouldn’t necessarily say “whacked”. Price is correcting itself to what the market deems it’s worth is. Release of results just shook things up a bit but everything reported was already baked into the price even before its release.

Each and every time we believe we must “wait for this” and the price will start moving or “once this is released” we should see movement. I tend to disagree. Mr Market (not a term coined by anyone in this forum BTW) has decided what the price will be here. In terms of future earnings, liquidity, balance sheet ect

However..... the question is..... how much “punitive damage” resulting from claims to the company is baked in to the price. And my experience / limited knowledge leads me to believe that the price is on the basis that SNH is able to squash most of the “worst case scenario” claims.

It’s with that in mind that I’m not TOO concerned about the CVA as IMO the price is already based on its implementation. As well as the restructuring.

My concern and basis on which I’ll be adding anything is on the release of news regarding the Litigation aspect of this share.

I do not claim or believe to be anything CLOSE to an expert on this matter. My opinions are based on what I read and my understanding thereof so PLEASE feel free to challenge my thoughts.

I, much like a lot of people on this forum, stalker or otherwise, WANTS to believe this share will go up. And ultimately profit as a result. So with that in mind, if what I’ve said above is total and utter bullnonsense, I’d appreciate constructive criticism.
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#12 Lionelza1

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Posted 16 July 2019 - 09:52 AM

Day 3? still getting whacked, so half year report not doing it... It is all the concerns re. Litigation etc?
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#13 Polly

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Posted 16 July 2019 - 08:54 AM

Found another site that is even cleaner:

 

https://uownit-sa.co...resh-tra-la-la/

 

Who is it that wants you to associate them with 'the market' ?

 

clue: tells what its indicators are saying but refuses to tell you how to set up the indicators so that you can do the same

clue: goes on about the market is always right and that you all know nothing

 

clue: famous for putting the kettle on

 

answer will be posted in the lost and found section of the Sowetan next shrove Tuesday 

 

Johnny still fishing....you wont see it till doomsday..

 

didnt u say computer generated....and done by a broker to weed out retail...

 

carry on guessing...in your dreams !!!!


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#14 Snippit

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Posted 16 July 2019 - 08:38 AM

Found another site that is even cleaner:

 

https://uownit-sa.co...resh-tra-la-la/

 

Who is it that wants you to associate them with 'the market' ?

 

clue: tells what its indicators are saying but refuses to tell you how to set up the indicators so that you can do the same

clue: goes on about the market is always right and that you all know nothing

 

clue: famous for putting the kettle on

 

answer will be posted in the lost and found section of the Sowetan next shrove Tuesday 


Edited by Snippit, 16 July 2019 - 08:39 AM.

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  1. Sign here: https://www.5gspaceappeal.org/about/
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#15 Lionelza1

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Posted 15 July 2019 - 01:02 PM

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so much for Polly , Lionel and Tom being the same person..

all online at once!!

Wasted again!!!

He lied about having different aliases and so expects that behavior from others
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#16 Lionelza1

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Posted 15 July 2019 - 01:01 PM

Lionel or Motivated who was thinking of going back in or averaging:

Look at the lilac serrated line...+-R1.79...

This is the bear/bull indicator using my system for medium term...

In other words i will only go long or add if R1.79 breaks to upside..
Otherwise as price below that serrated line , my system says short any bounce!!!

PS : Doesnt mean im right....just pointing out what my system saying and trying to help newbies!!


Sure thanks P... I won't buy this share again, personal choice... Just intereated from a business point of view how they go forward and how Mr Market reacts
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#17 DayTraderDad

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Posted 15 July 2019 - 12:14 PM

 

DTF im  not interested in attracting an audience as much as I am interested in being honest with those who do follow me . I’ll leave the puffery , lies , misinformation , insults  and feel good bullxxx to the rest of the Gurus. My posts are my personal journal in a way ...

 

Been told not to reply your bullxxxx any more...have  a good day and continue the bullxxxx.......

 

 

PS :  Quick Newsflash:

 

The market is never wrong.  Never ever ever wrong.  The market knows everything. You know nothing. If you do know something, the market knew it a long time ago. Therefore, what you think here does not matter. 

 
You may now go back to enjoying ur weekend with that green beer.....!!!!

 

Excellent thank you for stop insulting me much appreciated. 

 

Let me leave you with the reality of the market:

 

https://money.cnn.co...ding/index.html

 

Machines are driving Wall Street's wild ride, not humans

Wall Street's recent wild ride isn't driven by nervous portfolio managers, retirees looking at their 401(k) statements or any other human traders.
Instead, machines are making the trading decisions.
 
"Computer programs execute buy and sell orders based on complex algorithms and formulas, without a human involved in the process.
 
On a typical trading day, computers account for 50% to 60% of market trades, according to Art Hogan, chief market strategist for B. Riley FBR. When the markets are extremely volatile, they can make up 90% of trades."

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#18 Polly

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Posted 15 July 2019 - 11:51 AM

Haha 9 browser open logged in with different identity does it!!! So you not fulling me!!!!

DTF im  not interested in attracting an audience as much as I am interested in being honest with those who do follow me . I’ll leave the puffery , lies , misinformation , insults  and feel good bullxxx to the rest of the Gurus. My posts are my personal journal in a way ...

 

Been told not to reply your bullxxxx any more...have  a good day and continue the bullxxxx.......

 

 

PS :  Quick Newsflash:

 

The market is never wrong.  Never ever ever wrong.  The market knows everything. You know nothing. If you do know something, the market knew it a long time ago. Therefore, what you think here does not matter. 

 
You may now go back to enjoying ur weekend with that green beer.....!!!!

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#19 DayTraderDad

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Posted 15 July 2019 - 11:42 AM

9 user(s) are browsing this forum

6 members, 3 guests, 0 anonymous users

 

 

 

so much for Polly , Lionel and Tom being the same person..

 

all online at once!!

 

Wasted again!!!

 

Haha 9 browser open logged in with different identity does it!!! So you not fulling me!!!!


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#20 Polly

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Posted 15 July 2019 - 11:38 AM

9 user(s) are browsing this forum

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so much for Polly , Lionel and Tom being the same person..

 

all online at once!!

 

Wasted again!!!


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