Steinhoff International Holdings N.V. (SNH)

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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor a21 » 10 Jul 2018 12:24

Dirk19 schreef::lol: :lol: :lol:

:clap: :clap:


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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor a21 » 10 Jul 2018 12:24

alles kan beter schreef:uitdelen.jpg

:clap: :clap:

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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor Dirk19 » 11 Jul 2018 16:04

15 cent ondertussen 8-)

Er is dan ook nieuws over het herstructureringsplan

http://www.profiledata.co.za/JSE_SENS_P ... 401984.pdf
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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor Dirk19 » 11 Jul 2018 17:41

Steinhoff shares gain on plan to start debt restructuring deal
Jul 11 2018 16:26 Luca Casiraghi and Janice Kew, Bloomberg, with Fin24

THE STEINHOFF SAGA: Part four - Five lessons we can't afford to ignore
Steinhoff said to gauge interest in European retailer Pepco

Steinhoff International Holdings [JSE:SNH] has started a consent process with creditors to finalise a debt restructuring plan that will support the retailer’s balance sheet for three years and prevent a potential collapse.

The owner of retail brands including Poundland in the UK and Conforama in France has been negotiating for months with creditor groups represented by financial advisers FTI Consulting, Houlihan Lokey, and PJT Partners to reach an agreement on a standstill.

In May, it proposed a three-year debt extension across all its holding companies’ loans and bonds from the restructuring date, with no cash interest payments for the period.

Steinhoff has been on the brink of insolvency after revealing accounting irregularities in December. The company has about €9.4bn (about R148.3bn) of debt and last month said it had written off the value of assets by €12.4bn (about R195bn) as part of an investigation by auditors at PwC.

The shares extended gains on Wednesday, climbing as much as 9.2% in Frankfurt after the announcement. The stock is down 96% since the crisis erupted.

Steinhoff shares were trading at R2.38 a share on the JSE at 16.06, up 27%. Steinhoff needs to secure creditor support for the plan by July 20, the company said in a statement.

https://www.fin24.com/Companies/Retail/ ... l-20180711
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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor Dirk19 » 11 Jul 2018 18:23

Steinhoff begint proces schuldherstructurering

Door ANP Producties
1 uur geleden in FINANCIEEL

Johannesburg - Het in financiële moeilijkheden verkerende winkelbedrijf Steinhoff is een proces gestart met schuldeisers over een definitieve schuldenherstructurering. Die deal moet het bedrijf behoeden voor een mogelijke ondergang.

In de afgelopen maanden is er al overleg geweest en nu probeert Steinhoff een definitieve consensus met de schuldeisers te bereiken. De verlieslijdende meubelwinkelonderneming gaat gebukt onder een schuld van 9,4 miljard euro. Steinhoff heeft ook te maken gehad met een groot boekhoudschandaal en de beurswaarde is grotendeels in rook opgegaan.
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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor Dirk19 » 12 Jul 2018 19:42

+20% vandaag alweer :geek:

Morgen slot 0,21? Laat ons hopen! :up:

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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor Dirk19 » 13 Jul 2018 11:47

http://www.businessinsider.co.za/steinhoff-s...


Steinhoff shares have nearly doubled in 5 days - and one investor expects a violent move
James de Villiers , Business Insider SA
Jul 12, 2018, 03:07 PM

Steinhoff's 50% share price increase over the past two days means its value has now nearly doubled in less than a week.
But the recent increase might be as a result of a short squeeze, one analyst believes.
Steinhoff is the third most shorted stock in the market.

The aggressive covering of short-sold Steinhoff stock, also known as a short squeeze, could be the cause for the retailer’s 50% share price surge the past two days, one stockbroker says.

As a share price unexpectedly starts to climb, a short squeeze often follows as short-sellers scramble to buy shares to cover their positions. Short-sellers "borrow" shares to sell in the belief that the share price will fall. When the opposite happens, they have to buy shares to mitigate their losses.

Petri Redelinghuys, founder of Herenya Capital Advisors, says Steinhoff is still the third most shorted stock on the JSE.

He said a mixture of restored market confidence following a restructuring proposal, the release of Steinhoff’s interim results, and a short squeeze might have combined to produce the dramatic increase in share price.

He expects another short squeeze could be coming.

“Steinhoff’s share price is very likely to remain extremely volatile for the next month as traders and investors alike take positions based on what they believe the future of the company might be, although the potential for the stock to see large gains in the coming weeks is rather high due to the conditions for a violent short squeeze being present,” Redelinghuys told Business Insider South Africa.
This means Steinhoff’s shares might be drastically inflated – and could plunge if Steinhoff does not manage to bed down formal agreements with its creditors.

Steinhoff’s share price shot up from R1.90 to R2.81 between Tuesday and Wednesday morning, a 50% increase, after the JSE-listed multinational released a restructuring proposal to creditors.

According to its most recent unaudited interim results, Steinhoff has an estimated €9.4 billion (R148 billion) in debt compared to its total equity of less than €3.8 billion (R60 billion).

The four key proposals in Steinhoff’s restructuring plan of its subsidiaries Steinhoff Europe AG (SEAG), Stripes US Holding Incorporated (SUSHI) and Steinhoff Finance Holding GmbH (Finance Holding), are:

Creditors who sign the proposal agree to a three-year period where Steinhoff’s debt will be extended or rolled over at new interest rates.
Creditors who sign up before July 16 will get a 0.5% “early bird fee” and thereafter an additional 0.5% as part of the “lock-up fee”. Finance holding creditors will get a 0.85% “early bird fee” and a 0.5% “lock-up fee”. The fees will be added to Steinhoff’s total debt once the restructuring has been implemented.
A new holding company will be created above SEAG, which owns Pepkor Europe, Conforama, Kika and Leiner, Harveys, and Benson for Beds. Its board will consist of four directors appointed by creditors and two nominated by Steinhoff.
A governance working group will be established from certain creditor representatives to work alongside the company’s nominations committee to consult on changes to Steinhoff’s Supervisory Board and the Management Board of the Company.

Redelinghuys, who gave Steinhoff a 50% chance of survival in May when it was revealed that it faced four lawsuits totalling over R60 billion, now believes Steinhoff has a 65% chance of survival.

“We are still not entirely sure what the exact amount is the company have to write down in accounting irregularities. PricewaterhouseCoopers might come back with a report revealing vast black holes in the company,” Redelinghuys says.

“There are still a lot of unknown variables which [demand] caution.”
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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor Dirk19 » 13 Jul 2018 12:30

Redelinghuys, who gave Steinhoff a 50% chance of survival in May when it was revealed that it faced four lawsuits totalling over R60 billion, now believes Steinhoff has a 65% chance of survival.

Risicovol, maar met groot potentieel :geek: :think:
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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor alles kan beter » 16 Jul 2018 15:07

't is echt geen aandeel om bij te maffen...
Just when you think you've hit rock bottom, someone will hand you a shovel.

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Re: Steinhoff International Holdings N.V. (SNH)

Berichtdoor jack. » 16 Jul 2018 15:26

EXTENSION OF LOCK-UP EARLY BIRD FEE DEADLINE
Steinhoff International Holdings N.V. (the “Company” and with its subsidiaries, the “Group”)

Further to the Company’s announcement on 11 July 2018 (the “LUA Announcement”)
confirming the launch of a consent process for a lock-up agreement (the “LUA”) in connection
with the restructuring of the financial indebtedness of the Company, Steinhoff Europe AG,
Steinhoff Finance Holding GmbH and Stripes US Holding Incorporated, the Company
announces that the deadline by which creditors must accede to the LUA in order to become
eligible for the Lock-Up Early Bird Fee (as defined in the LUA Announcement) has been
extended by 24 hours to 8.00pm London time on Tuesday, 17 July 2018.

Any queries regarding the accession process in relation to the LUA should be directed to the
calculation agent at: Lucid Issuer Services Limited, Tankerton Works, 12 Argyle Walk, London,
WC1H 8HA, T: + 44 20 7704 0880, E: steinhoff@lucid-is.com.

Shareholders and other investors in the Company are advised to exercise caution when
dealing in the securities of the Group.

JSE Sponsor: PSG Capital

Stellenbosch, 16 July 2018

Date: 16/07/2018 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
=====================

JSE: SHFF - SNH - Extension Of Lock-Up Early Bird Fee Deadline

14:40 (16/07) - Bron: JSE

=====================
Extension Of Lock-Up Early Bird Fee Deadline

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

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367
(“Steinhoff Investments” or the “Issuer”)

EXTENSION OF LOCK-UP EARLY BIRD FEE DEADLINE
Steinhoff International Holdings N.V. (the “Company” and with its subsidiaries, the “Group”)

Further to the Company’s announcement on 11 July 2018 (the “LUA Announcement”)
confirming the launch of a consent process for a lock-up agreement (the “LUA”) in connection
with the restructuring of the financial indebtedness of the Company, Steinhoff Europe AG,
Steinhoff Finance Holding GmbH and Stripes US Holding Incorporated, the Company
announces that the deadline by which creditors must accede to the LUA in order to become
eligible for the Lock-Up Early Bird Fee (as defined in the LUA Announcement) has been
extended by 24 hours to 8.00pm London time on Tuesday, 17 July 2018.

Any queries regarding the accession process in relation to the LUA should be directed to the
calculation agent at: Lucid Issuer Services Limited, Tankerton Works, 12 Argyle Walk, London,
WC1H 8HA, T: + 44 20 7704 0880, E: steinhoff@lucid-is.com.

Shareholders and other investors in the Company are advised to exercise caution when
dealing in the securities of the Group.

JSE Sponsor: PSG Capital

Stellenbosch, 16 July 2018

Date: 16/07/2018 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
=====================
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