Steinhoff shares

I am not sure that easy, Easy

We can post and say a few words but the reality of the people waking up and not having the income vs outlay is a major concern

Dave

i know its not easy. But this is bigger than racing and many are waking up with bigger problems than "losing horses"

AGAIN ill mention Tara , she has proven herself a fine trainer so even the darkest hour will only last a short period of time.

Anyways this point is mute because they have all either kept quiet and or continued with business as usual.

i know where we "very very very small owners" sit and how and with whom we will conduct business in the future.

Dave

and there you go.......


www.sportingpost.co.za/2017/12/listed-me...a-open-for-business/

so you see racing looks after racing and she will get horses pretty soon I'm sure.

Ok easy that made my day and all the best to stables that took a knock

On Tuesday, 19 Dec, SNH’s banks will meet with the company to consider whether to keep the retailer afloat or to dismantle it.

Moneyweb


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SNH will provide details about its financials following the above meeting.
Moneyweb.


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I hope I'm wrong but I hope that Wiese's stepping down is not a prelude of what's to come.

fin24

When meeting with the banks yesterday SNH has said they still do not know how big the "the financial irregularities" is. It is now possible that financial statements older than 2016 may also require restating.

This delay in the financials means that the operating subsidiaries are seeing a reduction or cancellation of credit insurance and the suspension or withdrawal of credit facilities, even though these businesses may be operationally sound. For now, other stakeholders will be required to maintain stability.

Moneyweb and EWN

One analyst, who asked not to be named, said on Tuesday that Steinhoff appeared to have a “liquidity problem” rather than a “solvency” issue.

Business Day

" ... there is a structure where all the cash flowed to the centre, making it easily accessible to a powerful person with fraudulent intentions."

biznews

"...a January sale of its (SNH) assets looks increasingly likely. But this is not the time to be offloading retail businesses..."

Bloomberg