DTD:
"Lionel no point going onto lengthy discussions about the same thing over and over.
My aim is to put out there what I find on my research for people read and be informed.
I just find SA media keep on focusing on the same old topic the MJ, Tekkie Town, CW and Steinhoff pension money blah blah yet there is much more information available that is simply ignored.
I have said many times I have absolutely no interest in what people do with SNH share.
Some point for you to figure out!!
1- Get me any report/article from SA Media that explaining the situation going on in Conforama as the French news media did? Are you aware there has been a number of strikes at Conforama stores since February?
2 – Do you know what is a French Conciliation Procedure? Follow this article it explains very well.
https://eurorestruct...tion-procedure/You will find they did the same thing in Mattress Firm showing the balance sheet with a massive negative equity. Hence the need for the Balance Sheet!!!!!
3 – Show me a article from SA media about Greenlit Brands that are similar to the Australian media which there are articles explaining that Greenlit Brands are looking at selling part of the business.
4 – Do you have any idea who is Helen Lee Bouygues the new Chairwomen of Conforama?
Follow this link has good information:
https://helenleebouygues.com/“ Helen Lee Bouygues is one of the most successful women in business transformation.”
5 -Do you have any idea who is Cedric Dugardin the new CEO of Conforama?
Follow the link:
http://www.zalis.fr/...edric-dugardin/“In nearly 25 years of experience, Cédric Dugardin has successfully led many projects, focusing mainly on strategy, finance and management. The many projects he has undertaken cover a large number of issues related to business transformation, change management, business turnaround and structured finance. Cédric Dugardin notably directed the recovery of the Quick group by restoring its profitability, thus favoring its sale.
Cédric has a great sense of interpersonal skills and joins ZALIS to bring his experience as a high-level manager and expert in the management of complex situations.”
6 – Tell me which SA media article is talking about the possibility of Mattress Firm coming together again with Tempur Sealy after the CEO resigned?
7 - I am still waiting on your explanation that the restructuring is still far from complete.
You see what I was trying to say to Tom a turnaround is not done in 5 minutes and normally its done with Management that have that expertise exactly what SNH Management putting in place.
Anyway timer for green beer!!!!"
Dazu Captainfrom82:
"Thanks for the heads up DTD. Nice information. I sincerely hope that you are correct on the forward looking outlook.
In this regard, please consider the wisdom of a real Guru who says, that "when a business with a bad reputation, meets a management with a good reputation, it is very likely that the reputation of the business remains intact" {Warren Buffett}.
I have a further point regarding the negative equity, which Tom previously commented on by highlighting the E1.72b debt.
Tom left out an important detail to his note. Of the total debt, only E106.2m or 6.2% is actually external debt. In other words, over 93% of the Conforama debt (E1.6b) is actually owed to Steinhoff SEAG.
SEAG in turn signed up a LUA approved by 93% of the external creditors.
In other words, the possibility that Conforama defaults and is liquidated or forced into bankruptcy until 2021, is extremely small.
Just thought that I should place that matter into context.
Best Regards
Captainfrom82"
Page 6 of 293 - Steinhoff - posted in ShareChat: Hi..i would guess if a large salary on offer thats why regardless of previous career, particularly if its his Last few earning years..unfortunately most folk more interested cash than anything else...if snh went down sonn wont look a rascal she will m ...