Author Topic: Steinhoff  (Read 12676 times)

Thor187

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Re: Steinhoff
« Reply #60 on: February 25, 2017, 11:17:01 am »
I suspect Shoprite will continue to grow and produce spectacular results. There's an upside to this. Maybe they can buy or merge with one of the other supermarkets.

I love shoprite, been a happy shareholder since day 1, only regret is that I wish I owned them sooner.
www.PlatinumWealth.co.za <- South African Investment and Finance forum.

Moonraker

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Re: Steinhoff
« Reply #61 on: March 06, 2017, 05:12:42 pm »
Goldman Sachs reduces SNH target from €5.80 to €5.00 and from 'Buy' to 'Neutral' citing uncertainty regarding Mattress Firm.

(Why did I buy this crap?)  ;)

Moonraker

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Re: Steinhoff
« Reply #62 on: March 07, 2017, 06:22:01 pm »

STEINHOFF INTERNATIONAL HOLDINGS N.V.: ANNOUNCEMENT OF THE ZAR EXCHANGE RATE
APPLICABLE TO THE PROPOSED FINAL DIVIDEND OF 3 EURO CENTS PER ORDINARY SHARE


              <<<<<<<<<<<<<<<SNIP>>>>>>>>>>>>>>>>>>>>



 SALIENT DATES AND TIMES FOR SHARES TRADED ON THE JSE                                  2017


 Last day to trade in shares on the JSE in order to be eligible
                                                                         Tuesday, 14 March
 for the distribution


 Shares trade ex-entitlement on the JSE                                  Wednesday, 15 March


 Record Date                                                              Friday, 17 March


 Payment date                                                             Monday, 20 March

Note:
As a result of different settlement periods applied by the FSE (T+2) and JSE (T+3), the Last day to Trade in each jurisdiction falls
on different dates, but the Record Date is aligned. Between 13 March 2017 and the Payment Date (20 March 2017) there will be
an embargo on transfers between the two settlement systems, being Clearstream for the FSE and Strate for the JSE.

Dividends Withholding Tax (“DWT”)

The distribution will be payable in Euro. As the Company is a South African Tax Resident, the
Dividend will be subject to a South African dividends withholding tax at a dividend tax rate of
20%, resulting in a net cash Dividend of 2.4 Euro cents per share for shares held on the FSE and
32.976 ZAR cents per share for shares held on the JSE, unless the relevant shareholder is exempt
from South African dividend tax or is entitled to a reduced rate in terms of the applicable
double tax agreement. The Company’s South African income tax reference number is
9088/208/229. At the date of declaration of the Dividend the company had 4,296,551,251
ordinary shares in issue.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

(Maybe as a rule of thumb, stay away from anything Christo Wiese like Brait, Steinhoff and some others).  :-X SNH dropping like a STONE

gcr

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Re: Steinhoff
« Reply #63 on: March 07, 2017, 10:33:31 pm »
Christo Wiese and the Moutons are considered the Stellenbosch mafia and at times behave like that. All these deals that they have tried to put together are in my opinion ego trips.
There are too many mergers and acquisitions in play or have been in play over the last 10 to 15 years and somewhere there needs to be some semblance of rationalization, but the people in charge seem hell bent on putting together deals which in the long run could fail.
I am not predicting anything but I am concerned that something is going to come unstuck within this framework of deals and also the driving force behind Checkers has retired so management behavior is going to change as the new guy will want to stamp his legacy.
I used to have holdings across PSG, Zeder, Curro, Checkers, Steinhoff but sold out because of the over ambitious direction the groupings were going and switched to Bidvest as they seem to have a handle on running conglomerates and just quietly manage their diverse holdings - can't see any ego's being stroked here
Just my opinion
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Moonraker

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Re: Steinhoff
« Reply #64 on: March 08, 2017, 09:44:33 am »
Megalomania me thinks.

Moonraker

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Re: Steinhoff
« Reply #65 on: March 14, 2017, 10:21:13 am »
Reason for yesterday's 3,8%+ rise ..

Quote
HOUSTON and ATLANTA, March 13, 2017 /PRNewswire/ -- Mattress Firm, Inc., the nation's largest specialty bedding retailer, and Serta Simmons Bedding, LLC ("SSB"), the largest bedding manufacturer in the United States, today jointly announced that the companies have entered into an initial five-year strategic partnership agreement.

Mattress Firm And Serta Simmons Bedding Expand Strategic Partnership


Moonraker

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Re: Steinhoff
« Reply #66 on: May 17, 2017, 05:06:07 pm »
Steinhoff International Holdings N.v. - The Potential Listing Of Steinhoffs African Retail Assets On The Jse Limited And Cautionary Announcement

Release Date: 17/05/2017 17:00:00      Code(s): SNH     Email this JSE Sens Item to a Friend   Printer Friendly Version
The Potential Listing Of Steinhoff’s African Retail Assets On The JSE Limited And Cautionary Announcement

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019
("Steinhoff" or the “Company”)

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL.

THE POTENTIAL LISTING OF STEINHOFF’S AFRICAN RETAIL ASSETS ON THE JSE LIMITED AND
CAUTIONARY ANNOUNCEMENT

1.   Introduction

     Shareholders of Steinhoff are hereby advised that the Company is evaluating and initiating
     steps to establish the separate listing of its African retail businesses on the main board of the
     JSE Limited (“JSE”) (the “Listing”).

     Prior to the Listing, Steinhoff will consolidate its African retail businesses, with assets including
     Pepkor South Africa and rest of Africa, JD Group, Unitrans Automotive, Steinbuild, Poco South
     Africa and Tekkie Town (collectively, “Steinhoff Africa Retail Assets”), under a single holding
     company (“ListCo”).

     The Steinhoff Africa Retail Assets are comprised of highly recognisable retail brands that have
     an extensive retail footprint and impressive growth track-record, both in South Africa and the
     rest of Africa.


2.   Rationale

     Steinhoff will continue to own a controlling interest in ListCo and it is the vision of Steinhoff to
     create a diversified multi-format listed retail company of significant size and scale with its roots
     in Africa.

     The Listing will result in Steinhoff’s African retail exposure being held through a separately listed
     entity which can be independently valued as an emerging market, African-focused retail
     company. The establishment of a listed reference price for the Steinhoff Africa Retail Assets
     will avoid these assets being undervalued.
     A separation of Steinhoff’s emerging market retail business and developed market retail
     business will be a natural progression for the respective businesses given the divergent
     strategic focus in each market.

3.   Timing

     ListCo has appointed Citigroup Global Markets Limited, Investec Bank Limited, Morgan
     Stanley & Co International Plc and Rand Merchant Bank (a division of FirstRand Bank Limited)
     to advise on the proposed Listing.

     Any decision to proceed with the Listing will be subject to a number of factors, including, inter
     alia, market conditions and regulatory approvals. It is contemplated that the Listing will be
     completed in the third quarter of 2017.

     The Listing will include a capital raise to achieve the required public shareholder spread, with
     Steinhoff retaining control in ListCo.


4.   Cautionary Announcement

     The Listing may have a material effect on the price of the securities of Steinhoff. Accordingly,
     shareholders are required to exercise caution when dealing in the Company’s shares until a
     further announcement is made.

Stellenbosch

17 May 2017

Moonraker

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Re: Steinhoff
« Reply #67 on: May 26, 2017, 09:45:43 am »
Sherwood Bedding Co. Announces Strategic Investment by the Steinhoff International Holdings N.V. Group

Quote
Steinhoff had confirmed that they bought US bedding manufacturer, Sherwood Bedding, which according to the company is the 5th largest bedding manufacturer in the US. The move is part of their vertical integration plans in the US. Steinhoff’s share price has been coming up nicely since they disclosed that they are looking to list their African retails assets in a separate entity. The company is due to release their earnings on the 7th of June, any share pullback will be a good buying opportunity.
« Last Edit: May 26, 2017, 11:56:59 am by Moonraker »

Bundu

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Re: Steinhoff
« Reply #68 on: May 26, 2017, 11:07:03 am »
Sherwood Bedding Co. Announces Strategic Investment by the Steinhoff International Holdings N.V. Group

Steinhoff had confirmed that they bought US bedding manufacturer, Sherwood Bedding, which according to the company is the 5th largest bedding manufacturer in the US. The move is part of their vertical integration plans in the US. Steinhoff’s share price has been coming up nicely since they disclosed that they are looking to list their African retails assets in a separate entity. The company is due to release their earnings on the 7th of June, any share pullback will be a good buying opportunity.

let's hope the share picks up again now - it's down by about 25% from its highs  8)
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Moonraker

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Re: Steinhoff
« Reply #69 on: May 26, 2017, 11:59:51 am »
I put the blurb in my post #68 in quotes because those are not my words and I am pretty sceptical. In favour is of course the relatively low P/E.