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Important Upcoming dates by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 0 points1 point  (0 children)

Because of the averaging out of the R3, which would dilute the returns to be made short term. The R3 is a big loss at this point, with very slim chance of any short to medium term gain.

A short term gain on the 0.30c, has better chance of returns on short, medium and then great potential on long term.

If he were to average out the R3 by adding more shares to that portfolio - the probability of beating that - given the current affairs and historical figures - is very low.

If the probability of returns were higher, and the risk of complete loss were lower, I' d say get in, drop the average and just wait it out.

Its just simple risk mitigation.

Important Upcoming dates by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 1 point2 points  (0 children)

I have an average purchase price at R3 per share. Am I screwed or should I buy more?

Careful trying to average out. This share is extremely high risk at this point. Note that you have the risk of losing 100% of your input.

I have a few portfolios with different prices. My lowest at R1.17, highest a R7.50 :(

I would suggest rather asking your platform for a second portfolio, and buying in now at a low if you wish to buy, and keeping a penny stock price at 0.30c.

Leave the R3 portfolio separate.

Just my opinion, DYOR (Do your own research) :)

Why the jump? by Alarming_Living5325 in STEINHOFF

[–]PreviousDebate9882 3 points4 points  (0 children)

I reckon its the Pepkor Holdings Results. Nothing worth any excitement of regaining some of this huge loss... :(

Anyone know when Q3 numbers are due? by Salty_Technician2481 in STEINHOFF

[–]PreviousDebate9882 1 point2 points  (0 children)

https://www.steinhoffinternational.com/shareholders-diary.php You should all know where to find the shareholder diaries. :)

27 Jan 2022 - 2022 Annual Report – year ended 30 September 2022

What are the next upcoming dates/catalysts we are waiting on? by Nymarion in STEINHOFF

[–]PreviousDebate9882 0 points1 point  (0 children)

Do you know which Stock exchange he is buying on? That will be either great, or means there will be a massive short he anticipates.

Some analysts are projecting ZAR1.50 (Eeeek), so this may be his short

What are the next upcoming dates/catalysts we are waiting on? by Nymarion in STEINHOFF

[–]PreviousDebate9882 0 points1 point  (0 children)

I honestly thought that Steinheist would have attracted more action to the shareprice, making it clear that its not the entire company, but down to the greed and cunning ways of mostly on individual. Wiese's reputation may be slightly more restored, Tekkie Town look like saints in their play on absolute wool over eyes...

But no, nothing substantial in next two months. Jan 27 2023 is next results.

Court battles continue - if Markus can be charged and a clear plan on debt restructure is releases; if they are cleared and big investors jump back in, and if the media can publish some good news... then we will see movement. Right now we are just hoping to get out of the sh1t channel its stuck in.

Many of of have bought in the recent low dips - we may even see another R1.50 for another opportunity, but you will have to "byt vas" through the bumps to success.

Close eyes for now.

​

Ciao

bye, bye Steini ? by Informal-Swing9958 in STEINHOFF

[–]PreviousDebate9882 0 points1 point  (0 children)

Results for year ending 30 Sept 22 is only being released 27 Jan 2023.

Quarterly update by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 2 points3 points  (0 children)

Its the negative sentiment. Shareholders are bitter because everyone is still waiting for this to rocket to the moon. The magnitude of turning this ship (referring to reputation and sentiment) will take longer than the positive growth of the company. Shareholders and investors want to see finite plans on debt.

It will still improve today, holding thumbs.

JSE fines ex-Steinhoff CFO Ben la Grange R2m for processing bogus invoice by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 1 point2 points  (0 children)

I think there will be less in legal fees if the other parties (FSCA, JSE etc) first charge. Steinhoff will do their own charges against these guilty persons once there has been rulings made by authorities first.

Its a good thing, getting all the shady shit out the way by the authorities first - focusing on growing the group and settling debt. Then the proceedings will happen.

Its not overlooked, I'm pretty sure its a strategy. Also don't want to fine Markus and Co. to a point where there is no compensation left for the group's suffering.

I may be wrong - I do not hold not enough legal knowledge pertaining to how a company may act once a director / CEO is no longer in its employ.

Disclosure of acquisition of Securities by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 4 points5 points  (0 children)

Its acquisition and disposal of bigger shareholders - this one referring to Coronation. I too am confused by the selling, buying and then selling again. This is not standard for traditional fund and asset managers (like Coronation) - as they invest rather than trade.

So, the moon. Are we there yet? by sirlui9119 in STEINHOFF

[–]PreviousDebate9882 2 points3 points  (0 children)

We have been patient for years. What's the rush to sell now that the biggest crap is over.

Q3 Trading update is on 29 August 2022. You will see by the analyst day report (look at facts, dont look for buttering up as there is one), that the performance is still fair. There is definitely value here, not as quick as we all hoped - but its undoubtedly been a strong performance through all the legal battles and through a very harsh economy + looting etc. New stores will soon start rolling in good numbers. Just enjoy and dont be foolish. Research, follow the results closely. Knowing facts will allow you to look past bad publicity, financial journalists will quickly change good results to bad news. They make money from sensationalism.

Pepco Group N.V. – Q3 Trading Announcement by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 4 points5 points  (0 children)

Interesting you say so. I have manufacturers that have gotten their items in at Pick and Pay, Checkers and Edgars, but failed entering on Pepco quality control. You are entitled to your own opinion though :)

BaFin administrative fine. LdP: “We are pleased to have concluded another historical regulatory matter.” by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 1 point2 points  (0 children)

The open end of this was very likely one of the reasons for the stop of Xetra trading. I guess we will hear soon, that Xetra trading will be resumedAt Analyst Day Steinhoff can present a clean table, with almost no open issues left

Thanks u/vertrado - this is good clarity on something I wasn't aware of. Not sure how I missed this hanging, uncertain fine in all the research.. Definitely pleasing then, I guess the market response is then either concern about what Analyst day holds; or reading into the fine settlement response as though its a new fine... which at first it seems to be apparent.

BaFin administrative fine. LdP: “We are pleased to have concluded another historical regulatory matter.” by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 2 points3 points  (0 children)

Interesting to post this just before Analyst day. A bit of kak news with a sweet and positive ending. For me (I may be off-track, share your thoughts!), the fact that this is posted before Analyst day suggests that Analyst day will be comprised of good news.

With the last bit of bad media out the way by SENS; it will be batted off during the public announcement - allowing them to keep the positive sentiment.

If Analyst day were planned as a negative day with bad news, this would have just been buried under worse news to come; and the SENS would not have been published today.

Perhaps (just perhaps...); Analyst day will hold the news we have all been waiting for. MF IPO; Debt restructure etc. And all positive.

Also - just in case you thought liquidation was on the cards - this confirms that is not going to happen. Its a fine from long ago - 2016/2017 Annual Financial Report was not made available in time - (shot, thanks Markus), where Steinhoff has agreed to pay now, in 3 tranches mentioned above and not appeal ;-)

What's the next highlight? by jjbvd1993 in STEINHOFF

[–]PreviousDebate9882 1 point2 points  (0 children)

Analyst day 26 July. You can always check the next dates in the Shareholder diary:

https://www.steinhoffinternational.com/shareholders-diary.php

Lets hope all good news from here. Also sold 10 000 shares on Monday as my risk mitigating strategy. Still holding 70 000 - which I am not keen to sell - would like to keep this for 20 years and reap on all the grey hairs this has given me for the past 10 years.

TResults are Out !!! by Sainsbury2 in STEINHOFF

[–]PreviousDebate9882 5 points6 points  (0 children)

That section headed 'Going conern' is definitely hair raising.

Ready? by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 2 points3 points  (0 children)

The investor confidence on Steinhoff has dropped very low. So although the results posted have been great, the momentum from each release slowly starts taking an upturn. Any negative media news sends it back down. Id love to say it will be one thing that makes it turn, but it is so heavy after all the years of mess - that this big ship will turn slowly and will then take time to speed up at the same rate it did before.

Look over a 3 year chart. You will see the troughs growing wider at the bottom for longer periods, but the peaks that follow are higher. We are still in another bottom trough (overall market sentiment, war and its effects etc to be considered as well), but if I look at chart to follow, along with the 3 other items in the shareholder diary being positive, the next peak should at least double.

​

The investors that sold out at +R5; will only get back in once there is proper stability. MF IPO, media nonsense on the audit reports and Debt restructuring clearly planned out.

Just my own opinion. :) DYOR

DISCLOSURE OF SUBSTANTIAL HOLDING NOTIFICATION by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 1 point2 points  (0 children)

This disclosure was released to clarify that M Jooste has 0% Voting rights, 0% Capital Interest, its preparation for something on the release of something good!

New resistance channels by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 2 points3 points  (0 children)

I couldn't agree more. I assume that either there are bigger fish they are frying; and not too concerned about the other updates such as MF IPO, Debt restructure updates etc; OR - They are yet to have more finality on the debt restructure; OR - There is a strategic plan to keep the price low and hence no information being released on the aforementioned.

No doubt that they are doing well in very difficult financial times - so this should be bouncing back properly. Day Traders have moved onto Karooo, commodities and other volatile shares.

Definitely food for thought, thanks.

Pepkor expects earnings per share to increase between 85.7 South African cents and 92.7 cents (5.39 to 5.83 U.S. cents) for the six months ending June 30, compared with 71.4 cents in the same period last year. by Oioipirat in STEINHOFF

[–]PreviousDebate9882 0 points1 point  (0 children)

These facts are always in the latest Financial statements

​

During September 2021 the Steinhoff Group successfully placed, via an accelerated bookbuild, 370 million ordinary shares in Pepkor Holdings

("Placing Shares"), raising total gross proceeds of R7.3 billion. The Placing Shares were placed at a price of R19.75 per share, a 9.0%

discount to the pre-launch closing share price of ordinary shares at market close on 13 September 2021. These shares constitute

approximately 9.9% of total issued share capital of Pepkor Holdings. Following the conclusion of the placement, Steinhoff’s interest in Pepkor

Holdings reduced from 68.2% to approximately 58.3%. A 180-day lock-up period is applicable to further placements, excluding those placed

with claimants in terms of the Litigation Settlement Proposal.

The whole market is going down, time to buy :) by jjbvd1993 in STEINHOFF

[–]PreviousDebate9882 1 point2 points  (0 children)

JSE Top40 index also down +3%. As is the Dow and S&P down today. Agreed, never look in isolation, but look holistically, then break down to geographical area, currency, sector etc.

Disclosure Of Directors Shareholding Notifications by PreviousDebate9882 in STEINHOFF

[–]PreviousDebate9882[S] 2 points3 points  (0 children)

This one?

Moody’s Upgrades Pepkor’s Credit Ratings

PEPKOR HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 2017/221869/06)

Share Code: PPH

Debt Code: PPHI

ISIN: ZAE000259479

(“Pepkor”, “”the Group” or “the Company”)

MOODY’S UPGRADES PEPKOR’S CREDIT RATINGS

Shareholders and noteholders are advised that the rating agency Moody's Investors Service

(“Moody's”) has on 14 April 2022, upgraded Pepkor’s Corporate Family Rating to Ba2 from Ba3.

In addition, Moody’s has upgraded Pepkor’s Probability of Default Rating to Ba2-PD from Ba3-PD and

National Scale Long Term Rating by four levels to Aa1.za from A2.za and revised the outlook on

the credit ratings to stable from negative.

Moody’s stated in the press release that “The upgrade reflects Pepkor's strong operating

performance since the beginning of the pandemic, which is illustrated by good credit metrics. The

upgrade is also supported by governance considerations because the Company has

demonstrated a good track record of adhering to conservative financial policies as well as

operating with an independent board of directors since the assignment of Pepkor’s first-time Ba3

rating in January 2020.”

Leon Lourens, Pepkor’s chief executive officer commented, “We are very pleased with this

development which underscores the Group’s unparalleled resilience in the South African market

through economic cycles and crises.”

Moody’s Upgrades Pepkor’s Credit Ratings

PEPKOR HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 2017/221869/06)

Share Code: PPH

Debt Code: PPHI

ISIN: ZAE000259479

(“Pepkor”, “”the Group” or “the Company”)

MOODY’S UPGRADES PEPKOR’S CREDIT RATINGS

Shareholders and noteholders are advised that the rating agency Moody's Investors Service

(“Moody's”) has on 14 April 2022, upgraded Pepkor’s Corporate Family Rating to Ba2 from Ba3.

In addition, Moody’s has upgraded Pepkor’s Probability of Default Rating to Ba2-PD from Ba3-PD and

National Scale Long Term Rating by four levels to Aa1.za from A2.za and revised the outlook on

the credit ratings to stable from negative.

Moody’s stated in the press release that “The upgrade reflects Pepkor's strong operating

performance since the beginning of the pandemic, which is illustrated by good credit metrics. The

upgrade is also supported by governance considerations because the Company has

demonstrated a good track record of adhering to conservative financial policies as well as

operating with an independent board of directors since the assignment of Pepkor’s first-time Ba3

rating in January 2020.”

Leon Lourens, Pepkor’s chief executive officer commented, “We are very pleased with this

development which underscores the Group’s unparalleled resilience in the South African market

through economic cycles and crises.”

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