Three items today: Nordex, Senvion, Steinhoff

All,
Three items today:
1) Nordex are to report their 2018 statements (recall that we have taken the short off). We expect a sudden movement into a net cash position on the back of significant prepayments on orders won in The US. This position should unwind soon enough, but Nordex may be winning similar new orders at the end of this year. Otherwise the company has given guidance in January. 
2) Senvion bondholders have hired White & Case to face Kirkland & Ellis on the company side and Clifford Chance, who are acting for the lenders. Moreover, Senvion are working with PJT, while lenders have appointed Moelis. 
3) Steinhoff’s deadline on moving the long-stop date is running out today. There is probably a good chance the deadline will be moved, but given the circumstances, we would be signing the request asap. Again, we have no current position in the name.

Wolfgang