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#1 andi222

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Posted Yesterday, 11:49 AM

Unless the report is wrong, Clearstream moved everything. Why would this be. This is the link account between SA and EU holdings.

 

It's still Clearstream, they just named in Deutsche Börse for some odd reason. Its basically all shares held by mostly German private investors and some European institutions.

 

If you click on the calendar icon you can see when the last update was made. Some of the data is old.


Edited by andi222, Yesterday, 11:50 AM.

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#2 Bubble

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Posted Yesterday, 10:56 AM

Wiese now only holds around 13 Million shares. 

PIC has increased their Holding to 350 Mil shares. We might see a SENS these coming weeks to confirm they are holding around 8% now.

Morgan Stanley and Liberty have bought shares.

 

https://simplywall.s...holdings-shares

Unless the report is wrong, Clearstream moved everything. Why would this be. This is the link account between SA and EU holdings.


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#3 andi222

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Posted Yesterday, 09:05 AM

Wiese now only holds around 13 Million shares. 

PIC has increased their Holding to 350 Mil shares. We might see a SENS these coming weeks to confirm they are holding around 8% now.

Morgan Stanley and Liberty have bought shares.

 

https://simplywall.s...holdings-shares

 


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#4 DayTraderDad

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Posted 06 August 2020 - 05:14 PM

Exactly. I have been dwelling on this. Is steinhof able to settle with shareholders and then counter sue wiese. I am sure his lawyers will build in a restriction on all future claims.

Steinhof should adipt a divide and conquer strategy.

Agree with all remainder shareholders a minimum oayment and 50% of the claim against wiese and directors. In that way fewer shareholders share that r16b and get a chance at more downstream.

Steinhof board loyalty to wiese is sad

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The second claim about the money borrowed to buy SNH shares to pay for MF will not fly on any court. The bankers should read thier own disclaimers about possibility of loosing all our money when buying shares. Therefore if their lent the money to buy share they cannot now ask existing shareholders to pay. They need to claim directly from the person they lent the money too. If I am a chairman of a company that is buying out another surely I have full access to inside information on the deal.  One can very clearly pick that up from the interview. Further the purchase of MF was a very bad decision why pay 115% premium. Remember Jooster was also a sharehlder of Upington as well as the CFO of SNH (as statede in news rticles).  I am actually hoping this all Wiese thing lands up on full blown court case so we get to the bottom of the real truth of what was going on but somehow dont believe this will ever see the courts.


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#5 Investment novice

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Posted 06 August 2020 - 11:03 AM

Exactly. I have been dwelling on this. Is steinhof able to settle with shareholders and then counter sue wiese. I am sure his lawyers will build in a restriction on all future claims.

Steinhof should adipt a divide and conquer strategy.

Agree with all remainder shareholders a minimum oayment and 50% of the claim against wiese and directors. In that way fewer shareholders share that r16b and get a chance at more downstream.

Steinhof board loyalty to wiese is sad

Sent from my SM-G950F using Sharenet Sharechat mobile app
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#6 DayTraderDad

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Posted 06 August 2020 - 10:26 AM

Wonder what???

The part discussing Mattress Firm purchase!!! Equate share prive with value so a very good idea to pay 115% premium!!! Then wants money back!!!


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#7 Zanme

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Posted 05 August 2020 - 10:44 PM

Wonder what???
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#8 Zanme

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Posted 05 August 2020 - 10:43 PM

Wonder what???
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#9 DayTraderDad

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Posted 05 August 2020 - 06:30 PM

Listerning to this makes me wonder???????

 

https://www.youtube....eature=youtu.be


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#10 JR7800

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Posted 04 August 2020 - 09:13 AM

https://www.moneyweb...ilding-company/

 

Pepkor sold the Building company for 1 Billion.


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#11 andi222

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Posted 04 August 2020 - 09:02 AM

Pepkor sold the Building company for 1 Billion.

 

 


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#12 andi222

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Posted 04 August 2020 - 09:01 AM

Pepkor sold the Building company for 1 Billion.


Edited by andi222, 04 August 2020 - 09:02 AM.

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#13 andi222

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Posted 03 August 2020 - 04:22 PM

My favorite sentence from the HJ report:

 

Our strategic objectives for the period ahead are clear: we will focus on our operations, work to secure the Litigation Settlement Proposal and realise value where appropriate in order to reduce our debt levels. These are all substantial tasks, but we have a plan and our progress to date demonstrates the potential of this business and its people to deliver.

 

Management couldn't have expressed themselves more clearly then this.


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#14 andi222

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Posted 03 August 2020 - 04:17 PM

Well how I understand it is that Conservatorium has also separate legal claims against Wiese. So Wiese in any case needs to pay them whether or not he gets money from Steinhoff. I think this is one reason why Wiese has reduced his holdings in his other company's as well. I mean if you take loans to buy shares you know that you are taking a hell of a risk. 

 

So Wiese would get around 0.5 bar € so he would then still need to repay 0.4 bar. Hopefully he still has this kind of money somewhere. Otherwise Conservatorium will not agree.


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#15 Tom

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Posted 03 August 2020 - 03:45 PM

Steinhoff said they won't pay the part which is disputed by Conservatorium (about 20 billion zar), which means all of the 10 billion ZAR of Wiese's compensation .... right ?

 

So why would Wiese accept the compensation if he won't be getting any money from it.

 

Wiese said that Conservatorium claim isn't valid, and that he will fight it in court.


Edited by Tom, 03 August 2020 - 03:49 PM.

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#16 andi222

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Posted 03 August 2020 - 03:01 PM

Well its Wiese's own fault that he has taken up loans to buy shares. He should accept the offer and pay the loans so there will be piece lol. 


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#17 Tom

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Posted 03 August 2020 - 02:50 PM

How much Wiese will be getting?

 

On SIHPL contractual claims (other than claims by Thibault and Wiesfam) will be settled for a total amount of approximately ZAR1.5 billion (EUR76 million) ... so Wiese is not involved here ... right?

On SIHPL contractual claims - The claims of Thibault and Wiesfam: he will be getting about EUR 406 million (ZAR 7.9 billion) or less                                                           .... is this right?

On SIHNV contractual claims                                                           : the whole claim is about EUR 104 million (ZAR  2  billion ) for all claimants, most of it will be to Wiese ..... is this right?

 

So the whole compensation is about 10 billion euros (mostly for Wiese) .... right?

 

The Wiese companies that the lenders entered into the agreement with are Thibault, Upington Investment Holdings and Titan, according to Conservatorium court documents. And the loans were about 1.6 billion euros.

 

About 1 billion euros (20 billion zar) are disputed from Wiese by Conservatorium.

 

So it looks like Conservatorium will be disputing the whole compensation that Steinhoff is offering Wiese ... right?

 

Correction:

 

How much Wiese will be getting?

 

On SIHPL contractual claims (other than claims by Thibault and Wiesfam) will be settled for a total amount of approximately ZAR1.5 billion (EUR76 million) ... so Wiese is not involved here ... right?

On SIHPL contractual claims - The claims of Thibault and Wiesfam: he will be getting about EUR 406 million (ZAR 7.9 billion) or less                                                           .... is this right?

On SIHNV contractual claims                                                           : the whole claim is about EUR 104 million (ZAR  2  billion ) for all claimants, most of it will be to Wiese ..... is this right?

 

So the compensation mostly to Wieses is about 10 billion ZAR (mostly for Wiese) .... right?

 

The Wiese companies that the lenders entered into the agreement with are Thibault, Upington Investment Holdings and Titan, according to Conservatorium court documents. And the loans were about 1.6 billion euros.

 

About 1 billion euros (20 billion zar) are disputed from Wiese by Conservatorium.

 

So it looks like Conservatorium will be disputing the whole compensation that Steinhoff is offering Wiese ... right?


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#18 Tom

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Posted 03 August 2020 - 02:43 PM

How much Wiese will be getting?

 

On SIHPL contractual claims (other than claims by Thibault and Wiesfam) will be settled for a total amount of approximately ZAR1.5 billion (EUR76 million) ... so Wiese is not involved here ... right?

On SIHPL contractual claims - The claims of Thibault and Wiesfam: he will be getting about EUR 406 million (ZAR 7.9 billion) or less                                                           .... is this right?

On SIHNV contractual claims                                                           : the whole claim is about EUR 104 million (ZAR  2  billion ) for all claimants, most of it will be to Wiese ..... is this right?

 

So the whole compensation is about 10 billion euros (mostly for Wiese) .... right?

 

The Wiese companies that the lenders entered into the agreement with are Thibault, Upington Investment Holdings and Titan, according to Conservatorium court documents. And the loans were about 1.6 billion euros.

 

About 1 billion euros (20 billion zar) are disputed from Wiese by Conservatorium.

 

So it looks like Conservatorium will be disputing the whole compensation that Steinhoff is offering Wiese ... right?


Edited by Tom, 03 August 2020 - 02:48 PM.

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#19 nosh

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Posted 03 August 2020 - 12:30 PM

  • Embattled retailer Steinhoff has proposed a settlement for those with claims against it, but Christo Wiese's claim is being disputed. 
  • Conservatorium is taking Wiese to court in Amsterdam and the Western Cape in a bid to claw back €1 billion lenders had loaned him.
  • Conservatorium accuses Wiese of winding up a Netherlands-based company to avoid paying back the loan.

 

 

https://www.news24.c...-claim-20200802


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#20 DayTraderDad

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Posted 02 August 2020 - 11:26 AM

Another interesting article: 

 

https://www.business...rd-in-the-hand/

 

"If a settlement is reached, what future awaits Steinhoff? Du Preez said the group, through its four main operations - Pepco in Europe, JSE-listed Pepkor, US-based Mattress Firm and businesses in Australia - has strong cash-generating assets that will stand it in good stead."


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