Author Topic: Steinhoff  (Read 26007 times)

Bundu

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Re: Steinhoff
« Reply #90 on: November 06, 2017, 07:12:10 pm »
He's going long as he thinks the share price will rise. May have something to do with the Amsterdam court outcome towards the end of this month. If the court ruling is what we are hoping for, we can surely assume a decent price increase.  :-X

thanks Moonraker!  :TU:

I was hoping it was something like that - about time that SNH picks up again - it's quite a large % of my portfolio and has been pulling me down for a while now  :'(
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Moneypenny

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Re: Steinhoff
« Reply #91 on: November 07, 2017, 08:13:02 am »
Just take note, he bought futures not stock. 

In noob language, he's trading not investing.

In plain language, he expects a spike up (he went long) - but he will dump them very quickly when whatever he knows/expects becomes public.

Quick in and out, not long term.

Because he chooses futures, I'm pretty convinced he is very sure of his move.
Veni, vidi, vici

gcr

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Re: Steinhoff
« Reply #92 on: November 07, 2017, 09:53:20 am »
Just take note, he bought futures not stock. 

In noob language, he's trading not investing.

In plain language, he expects a spike up (he went long) - but he will dump them very quickly when whatever he knows/expects becomes public.

Quick in and out, not long term.

Because he chooses futures, I'm pretty convinced he is very sure of his move.
I see signals of insider trading - its about time the authorities responsible stopped directors trading in their shares as opposed to investing. Years back Acc Ross and Venter Trailers directors did a lot of this type of manoeuvring
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 #93 on: November 07, 2017, 01:01:32 pm »
Let's see if he takes a short position before expiry. Or maybe he will take delivery?

Moonraker

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Re: Steinhoff
« Reply #94 on: November 08, 2017, 01:36:42 pm »
JOHANNESBURG (Reuters) - Steinhoff International's Johannesburg-listed shares fell to a 10-week low after Reuters reported the company did not tell investors about almost $1 billion in transactions with a related company despite laws that some experts believe require it to do so.
Shares in the furniture retailer dropped to 56 rand in early trading, but recovered to 59.46 rand by 1113 GMT, around 3.9 percent weaker than its closing price on Tuesday.
(Reporting by TJ Strydom; editing by Jason Neely)
2017-11-08 13:23:00


Moneypenny

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Re: Steinhoff
« Reply #95 on: November 08, 2017, 04:22:11 pm »
Ouch, feel sorry for those who followed him, I'm sure stop losses were triggered left, right and center.
Veni, vidi, vici

Moonraker

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Re: Steinhoff
« Reply #96 on: November 08, 2017, 04:25:11 pm »
A SENS at last ..

Quote
Release Date: 08/11/2017 16:15:00      Code(s): SNH     Email this JSE Sens Item to a Friend   Printer Friendly Version
Steinhoff´S GT Branding Holding Investor Information Correct And In Line With IFRS Requirements

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

Steinhoff´s GT Branding Holding Investor Information correct and in line with IFRS Requirements

Stellenbosch, November 8, 2017 – In response to a Reuters release from today, November 8, 2017,
STEINHOFF INTERNATIONAL HOLDINGS N.V. ("Steinhoff" or the “Company”) clarifies again that
Steinhoff´s reporting and investor information regarding all transactions between Steinhoff and GT
Global Branding are in line with all IFRS (International Reporting Standard) requirements including
internal accounting rules and the Prospectus Directive.

Markus Jooste, CEO of Steinhoff International: “All reporting requirements have been met. This has
been confirmed by our internal legal team and external experts.”

Steinhoff co-invested as a minority shareholder in GT Branding Holding in 2015 to enable the company
to continue to invest, develop and strengthen the manufacturing furniture brands on a world-wide
basis. This decision further based on the economic return to be derived from this investment (in
establishing and owning relevant brands worthy of earning royalties from a host of customers in
future).

In the Steinhoff annual accounts from September 30, 2016, GT Branding Holding forms part of
Steinhoff´s associate investments. The equity in the company (together with the preference share
amounting to Euro 384 mio) is shown in investment in and loans to associated companies. The funding
supplied to GT Branding Holding is shown under short term loans and amounted to
Euro 339 mio. Loans bear interest at market related interest rates. In terms of IAS 24 the net amount
for the 2016 September financial year amounted to zero and therefore no disclosure was made as the
related party transaction was zero.

JSE Sponsor
PSG Capital

Bundu

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Re: Steinhoff
« Reply #97 on: November 08, 2017, 05:38:53 pm »
doesn't look like the market has much confidence in the SNH SENS  :'(
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Moonraker

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Bundu

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Re: Steinhoff
« Reply #99 on: November 15, 2017, 12:53:44 pm »
Just take note, he bought futures not stock. 

In noob language, he's trading not investing.

In plain language, he expects a spike up (he went long) - but he will dump them very quickly when whatever he knows/expects becomes public.

Quick in and out, not long term.

Because he chooses futures, I'm pretty convinced he is very sure of his move.

SNH is now down by around 15% from where Wiese put in his long futures..... this must be costing him money?
« Last Edit: November 15, 2017, 12:59:04 pm by Bundu »
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Moonraker

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Re: Steinhoff
« Reply #100 on: November 15, 2017, 01:18:08 pm »
Currently @ € 3.05 (2,28% down in Frankfurt as of now) - so over 50% down in € since listing.

Moonraker

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Re: Steinhoff
« Reply #101 on: November 20, 2017, 05:19:15 pm »
Quote
The Board of Steinhoff today received a letter from the Chamber informing Steinhoff that it is not
in a position as yet to formally issue its decision and that it is currently anticipated that a formal
decision will be issued by no later than the 22nd of December 2018. The Company was advised by
its Dutch counsel that such a delay is quite common and it does not signify any particular outcome
whatsoever. Furthermore, the Chamber will be in its rights (and again it is quite common) should
they elect to further delay the decision.

The Company remains confident that the petition will be dismissed.

Bundu

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Re: Steinhoff
« Reply #102 on: November 20, 2017, 05:36:55 pm »
let's hope that turns into a xmas present for share holders - really not been a great SNH year for me  :'(
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Moonraker

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Re: Steinhoff
« Reply #103 on: December 04, 2017, 03:11:53 pm »
More uncertainties re. the possibility of balance sheet fraud. This together with the silly Mattress Firm acquisition means OMG - needs to be dumped. Only reason I still hold is because of tax - the 3 year rule.

 
« Last Edit: December 04, 2017, 03:38:23 pm by Moonraker »

Bundu

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Re: Steinhoff
« Reply #104 on: December 04, 2017, 03:19:05 pm »
I've had less painful root-canals  :'(

Wiese can't be too happy with his tjommie  O:-)
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »