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Author Topic: Steinhoff  (Read 112459 times)

Bundu

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Re: Steinhoff
« Reply #30 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
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Moonraker

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Re: Steinhoff
« Reply #31 on: December 12, 2015, 06:53:28 pm »
I suppose PEP is weighing on SNH. As we all know retailers were decimated.
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Bundu

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Re: Steinhoff
« Reply #32 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
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Moonraker

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Re: Steinhoff
« Reply #33 on: December 12, 2015, 08:06:30 pm »
Quote from: Bundu 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
Sure, but ANY, link to ZA is being punished to a greater or lesser extent, similar to what happened to dual listed stocks in UK ...
LONDON Dec 11 (Reuters) - Britain's top equity index fell to a 10-week low on Friday as investors dumped shares in companies focussed on South Africa following a reshuffle in the country's government.
I wouldn't worry about SNH though - it will shine - patience.
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Bundu

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Re: Steinhoff
« Reply #34 on: December 12, 2015, 08:58:45 pm »
fooking hope so, I've got quite a big holding :(
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Moonraker

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Re: Steinhoff
« Reply #35 on: August 10, 2016, 01:00:14 pm »
You can see the effect of the stronger Rand as applied to one of my stocks. Steinhoff (SNH) has risen sharply in Frankfurt over the past month (14%), but only about 4,7% here.

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Mr_Dividend

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Re: Steinhoff
« Reply #36 on: September 08, 2016, 08:23:23 am »
Anyone have any feelings on Steinhoff?

Poundland, the mattress deal - now Tekkie Town - all deals done in the last couple of months. Chuck in Pepkor and JD group - these guys are acquisition nuts.

I am considering adding it to my new LT CGT portfolio.

Unlock value in these purchases?
And are they not spreading themselves a bit thin - variety as well as geographically?

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Moonraker

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Re: Steinhoff
« Reply #37 on: September 08, 2016, 09:44:09 am »
All those  acquisitions need to be 'bedded' down and that takes some time, maybe 3/5 years. EPS was down 3% but then there are 25% more shares issued, not too bad.
Debt is negligible and they are borrowing at ultra low rates as you know. Let's hope funding can continue to be accomplished internally and that there will not be a rights issue.
Average target price € 6.25.
I am sitting with it LT. (Don't like or understand the Tekkie Town acquisition).

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Bundu

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Re: Steinhoff
« Reply #38 on: September 08, 2016, 11:23:43 am »
and rumours of them buying SHP? that's quite a big bite to take...... ::)
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Moonraker

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Re: Steinhoff
« Reply #39 on: September 28, 2016, 04:16:20 pm »
South African discount tycoon says Steinhoff, Shoprite tie-up "natural"

The rumour, which was around for the better part of 2 years, may actually come to fruition.
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gcr

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Re: Steinhoff
« Reply #40 on: September 28, 2016, 06:33:46 pm »
Moon - you are absolutely right the tie up will undoubtedly happen. My contention still stands that Christo Wiese is trying to emulate Brain Joffe by creating an international conglomerate. The big curiosity for me is what will happen with Brait as it is heavily invested in Wiese controlled entities and he sits on the board as a non ex. There are some interesting directors at Brait - Jabu Moleketi who was Finance MEC for Joburg Metro before he saw the political light, Chris Seabrooke who was with Massmart, and Herman Troskie whose family pretty much owned most of Bloemfontein, and Leon Porter who used to COF for Nedcor Bank - so some movers and shakers in this grouping
Still undecided about Steinhoff as if acquisitions continue it is going to take years to bed down and restructure the enlarged conglomerate and my investment horizon doesn't align with how long it will take to settle the dust
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Moonraker

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Re: Steinhoff
« Reply #41 on: September 28, 2016, 06:58:04 pm »
gcr, patience is a virtue few possess. We may be the oldest members of this forum but I think we will still be around in 3/5 years, by which time SNH will hopefully have more than doubled.  ;)
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rjthomas

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Steinhoff share price after Shoprite
« Reply #42 on: October 01, 2016, 12:24:39 pm »
Steinhoff is a complex business I don't understand very well. I want to invest this year.

Tell me what do you believe will happen to their share price after they buy Shoprite?
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gcr

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Re: Steinhoff
« Reply #43 on: October 01, 2016, 03:19:23 pm »
My opinion on the Steinhoff/Shoprite tie up will be that the directorate will have to make decisions around restructuring the enlarged entity, and you well may see a division of the entity as well. It may well be that the retail operations will constitute a division (Pep, Checkers, Shoprite Tekkie Town and others) and back end manufacturing and production in a separate pillar. So you may well see more Hyperama's through which they will sell groceries, shoes/clothing and furniture (out of their own stable) They well may try and achieve a one stop shop that can satisfy the customers total needs, they also have a tie up with a chemist chain so they can offer a wide service
I do think that when there is a tie up between Shoprite/Checkers/Pep/Steinhoff they are going to have to look at their delivery model, which could take bucket loads of cash/debt/or share auctions
Just my opinion 
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rjthomas

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Re: Steinhoff merging with Shoprite
« Reply #44 on: October 04, 2016, 03:52:48 pm »
Quote from: gcr on October 01, 2016, 03:19:23 pm
I do think that when there is a tie up between Shoprite/Checkers/Pep/Steinhoff they are going to have to look at their delivery model, which could take bucket loads of cash/debt/or share auctions
Just my opinion

Thanks for sharing your opinion. This indicates that a bigger capex will be required in the short term. Therefore that reduces the potential dividend payments. I am looking for high yield investments where dividends increase over time.
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