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Messages - Bundu

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46
Shares / Re: Steinhoff
« on: January 31, 2017, 02:15:09 pm »
Quote from: Moonraker on January 31, 2017, 02:06:09 pm
Reason for the decline past two days in case anyone interested...

Shares of Tempur Sealy Crash After It Ends Contracts With Biggest Customer

Tpx shares were down 28% close of business 30-01-2017

SNH will not be affected much, if at all in my opinion but 3 years plus patience needed if holding them.

yes, I find the negative impact on the SNH share odd - they are simply busy negotiating their costs down as far as I can see, which should be good for the share

47
Shares / Re: Steinhoff
« on: December 14, 2016, 03:38:37 pm »
Quote from: Moonraker on December 14, 2016, 02:59:04 pm
Some more info .. (who knows, maybe not so 'bad' afterall?)

Shoprite and the African operations of Steinhoff are to be merged into a new group called Retail Africa, major shareholders of both retailers Christo Wiese and the Public Investment Corporation (PIC) announced on Wednesday.

The deal will result in Shoprite acquiring Steinhoff’s clothing chains which include Pep, Ackermans, Shoe City and Tekkie Town in exchange for shares.

Shoprite will also buy the furniture and appliance retailers that Steinhoff owns via JD Group. These include Russells, Bradlows, Rochester, Incredible Connection, Hi-fi Corporation and Sleepmasters.

Furthermore, Shoprite will acquire Steinhoff’s hardware chains Buco, Pennypinchers, Timbercity and Hardware Warehouse.

Retail Africa would be the continent’s largest retailer with an annual turnover of R200bn, employing 186,000 people, it was noted in Wednesday’s statement said.

Steinhoff proposes to acquire Wiese’s Shoprite shares, held in a company called Titan, and those of the PIC in exchange for Steinhoff shares at a ratio still to be agreed.

The deal is likely to trigger a mandatory offer to Shoprite shareholders who will be offered Steinhoff shares at the same ratio as Wiese and the PIC will receive.

The share price of the target company, Shoprite, jumped 3.2% to R199 while Steinhoff’s fell 5.5% to R71.83 after the announcement.

" It is expected that the proposed transaction will further enhance Retail Africa’s position as an employer of choice and it is also anticipated that the proposed transaction will not result in any job losses. The combined group’s growth plans could lead to future job creation in various countries," the statement read.

I see SHP is now also seriously down

48
Shares / Re: Steinhoff
« on: September 08, 2016, 11:23:43 am »
and rumours of them buying SHP? that's quite a big bite to take...... ::)

49
Shares / Re: Steinhoff
« on: December 12, 2015, 08:58:45 pm »
fooking hope so, I've got quite a big holding :(

50
Shares / Re: Steinhoff
« on: December 12, 2015, 07:45:03 pm »
Quote from: Moonraker on December 12, 2015, 06:53:28 pm
I suppose PEP is weighing on SNH. As we all know retailers were decimated.

probably, but AFAIK SNH makes around 60% of their money in Europe, so the weak Rand should push our price up? I saw the SNH price in Frankfurt is basically the same as the price here in Zuma land

51
Shares / Re: Steinhoff
« on: December 10, 2015, 01:35:07 pm »
Quote from: Fawkes85 on December 10, 2015, 01:27:19 pm
I understand that principle but then why is Santova struggle like that today? They have a pretty serious offshore stamp. And what I mostly struggle to understand is why the ALSI did not take a nosedive today. It has been trading pretty flat all day and was even up for a while.

if you look at the biggest trades, they are mostly up

52
Shares / Re: Steinhoff
« on: December 10, 2015, 01:23:04 pm »
Quote from: Fawkes85 on December 10, 2015, 01:12:08 pm
Quote from: Bundu on December 10, 2015, 12:32:46 pm
yip, saw that - SNH and SOL moving up nicely today after that showerhead did his corrupt thing :whistle:

I know right? I will never understand the markets. If there ever was a reason to believe that the SA economy is heading for rock bottom, now would be that time. Yet the market is not doing poorly at all. In fact I am well up for the day. MAKES NO SENSE!!!!

most shares that have earnings that are USD related (or any foreign currency basically) should be up, as for every USD they earn, they now get more Rands

53
Shares / Re: Steinhoff
« on: December 10, 2015, 12:32:46 pm »
yip, saw that - SNH and SOL moving up nicely today after that showerhead did his corrupt thing :whistle:

54
Shares / Re: Steinhoff
« on: December 09, 2015, 05:55:44 pm »
Quote from: Moonraker on December 09, 2015, 05:48:01 pm
Looks like 'long' because he is taking physical delivery of the shares; with 'short' he would be delivering ?

I hope so - I often can't get my head around some of these terms, even after googling them..... too stupid for this  :-[ :mad:

55
Shares / Re: Steinhoff
« on: December 09, 2015, 05:31:22 pm »
Quote from: Moonraker on December 09, 2015, 05:16:05 pm
Quote from: Bundu on December 09, 2015, 04:55:09 pm
yes, it seems like buyers are concerned about the investigation into SNH in Germany - people don't trust management any more, perhaps with good reason

what link are you using Moonraker?
Agreed, the investigation is holding the price back, plus DAX is down. However index tracker funds still need to include SNH which should lend good support.
Price should go to R90/R100 in 2 months or so.

http://www.boerse-frankfurt.de/aktie/Steinhoff-International-Aktie

Great, lets hope so!

Can you maybe explain their SENS to me - I don't understand SSF... Is Wiese long or short?

"Details of the person subject to the disclosure requirement
Last name: Wiese
First name: Christoffel Hendrik

Position: Member of an administrative or supervisory body

Information about the transaction with duty of notification

Description of the financial instrument: Single Stock Futures
ISIN/WKN of the financial instrument: -
Type of transaction: Physically delivery of shares
Date: 08.12.2015
Price: 5.026
Currency: EUR
No. of items: 2,019,800
Total amount traded: 10151797.57
Place: Johannesburg Stock Exchange, South Africa

Description of the derivative

Description of the underlying instrument: -
Underlying (WKN/ISIN): -
Price multiplier:
Strike price:
Currency: EUR
Expiration date: 00.00.0000

Explanation for publication:

Physical delivery of shares following exercise of single stock futures
totalling 20,198 contracts, representing 2,019,800 ordinary shares with
a total value of ZAR161,139,644. Indirect beneficial trade concluded in ZAR
on the Johannesburg Stock Exchange. Foreign currency amounts are translated
into Euros at the rate of ZAR 0.063 : 1 Euro, Price 79.78
ZAR, Volume 161,139,644 ZAR, 20,198 contracts representing 2,019,800
shares. (Currency source : Reuters)"

56
Shares / Re: Steinhoff
« on: December 09, 2015, 04:55:09 pm »
yes, it seems like buyers are concerned about the investigation into SNH in Germany - people don't trust management any more, perhaps with good reason

what link are you using Moonraker?

57
Shares / Re: Adcock
« on: August 13, 2015, 01:33:32 pm »
you're right jaDEB, I should have also sold out of them long ago  :'(

58
Shares / Re: Adcock
« on: August 12, 2015, 05:53:55 pm »
does anybody here still own Adcock shares (AIP)?

I checked my share account today and saw that some of my AIP shares had disappeared and two new shares/options had been added, ADBEE (ADE) and ADCOCK OPT (ADEO). ???

Anybody perhaps have more info about this? :-[
Should I have taken any actions or are there still actions, such as options or so to either sell or take up? :(

I'm with ABSA and they normally let me know when I have to take any actions........ :o

59
Shares / Re: Steinhoff
« on: August 07, 2015, 10:14:19 pm »
I would also like to know what the downside could be?

Europe seems to be slowly recovering..... at least more than this shithole we live in....

60
The Investor Challenge / Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« on: December 22, 2014, 12:17:58 pm »
Quote from: Patrick on August 26, 2014, 08:18:41 am
True, I'm with ABSA so it's R800 a year, but if I trade 5 times a year it's free. Interestingly, the minimum trade charge is R120, so 5 trades would be R600 not R800. If I find I haven't traded in a year I'll just buy 5 penny shares and save myself R200 :)

AFAIK they have now changed that and you will pay a monthly fee UNTIL you have traded 5 times..... sleezy way that they have changed it...

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