15225 replies to this topic

[Zanme]

Bushmanbob, on 21 Oct 2021 - 06:17 AM, said:

What Jooste did for shareholders = 9700c to 68c


What LDP and his team did for shareholders = 68c to 398c (485%) - now at 233c (247%)

And I think most agree that if it weren't for the SA courts interference, SNH share price would be significantly higher than it is now.

Zanme - comments?

You whine at 68c, you whine when it recovers to a top of 398c (485% up from 68c low), you whine when you don't sell at peak and you still bleating now at 233c (247% up from 68c low), you whining about LDP because an SA Court is over reaching and hindering an extremely complex global settlement - Do you ever stop whining? If this thing went to 4000c you would still be saying LDP robbed everyone blind. It might be more productive if you let us know what the price needs to be for you to end your tiresome babble? - yea I won't hold my breath. For heavens sake, produce factual information - something new. You've been strumming the strings on your tired old banjo for so long now it sounds like strangled cat. I'm sure a case of the thrush is less irritating.

PS. The first duty of a CEO is to act in the interests of the company - not shareholders. It just so happens when one is executed well, the other benefits. Excessive remuneration is subjective. Clearly shareholders endorse LDP's remuneration and it is therefore neither unethical nor wrong.

Louis didn't join when Steinhoff was at 68 cents. In fact he was there when his BUDDY and fellow Stellenbosch recruited him Markus Stellenbosch.

[Zanme]

Bushmanbob, on 21 Oct 2021 - 06:17 AM, said:

What Jooste did for shareholders = 9700c to 68c


What LDP and his team did for shareholders = 68c to 398c (485%) - now at 233c (247%)

And I think most agree that if it weren't for the SA courts interference, SNH share price would be significantly higher than it is now.

Zanme - comments?

You whine at 68c, you whine when it recovers to a top of 398c (485% up from 68c low), you whine when you don't sell at peak and you still bleating now at 233c (247% up from 68c low), you whining about LDP because an SA Court is over reaching and hindering an extremely complex global settlement - Do you ever stop whining? If this thing went to 4000c you would still be saying LDP robbed everyone blind. It might be more productive if you let us know what the price needs to be for you to end your tiresome babble? - yea I won't hold my breath. For heavens sake, produce factual information - something new. You've been strumming the strings on your tired old banjo for so long now it sounds like strangled cat. I'm sure a case of the thrush is less irritating.

PS. The first duty of a CEO is to act in the interests of the company - not shareholders. It just so happens when one is executed well, the other benefits. Excessive remuneration is subjective. Clearly shareholders endorse LDP's remuneration and it is therefore neither unethical nor wrong.

Get your facts right. I am not defending Markus Stellenbosch but no one needs to hail Louis Stellenbosch either. HE HAS DONE NOTHING BUT PAY HIMSELF.

[Zanme]

Squideye, on 21 Oct 2021 - 1:40 PM, said:

Unfair that the same person always wins the Mampara of the Week Awards...

Louis deserves it that is the only thing that he deserves. Its not unfair don't feel bad

[Trader001]

Bushmanbob:

 

What Jooste did for shareholders = 9700c to 68c
 

What LDP and his team did for shareholders = 68c to 398c (485%) - now at 233c (247%)

And I think most agree that if it weren't for the SA courts interference, SNH share price would be significantly higher than it is now.

---------------------------------------------------------.

.About Jooste in recent Moneyweb article

 

 German Criminal Charges over Steinhoff allowed to go to trail

"While the court didn’t identify the accused, the facts depicted in the statement show the cases concern South Africa-based Steinhoff. The charges against the people living outside Germany were split off to avoid delays due to the Coronavirus pandemic, the court said.

The four men were charged in November 2020. Among them is former Chief Executive Officer Markus Jooste, a person familiar with the investigation said earlier this year. Jooste’s German lawyer declined to comment on the ruling.

The charges allege that fake proceeds from bogus transactions were booked at some of the group’s units. The sham deals made it seem that assets were sold to third parties while they were in fact acquired by other companies close to the group, according to prosecutors. The court hasn’t yet scheduled trial dates."

Some comments on this article:

• "It is a race between the NPA and the German authorities. Shamila Batohi had a head start, but the Germans are leaving her in the dust. Markus can outrun Shamila Batohi but he can’t hide from the Germans, not even in Stellenbosch or Hermanus."
• "It’s about time the Steinhoff chickens come home to roost.
• Interesting, the Germans charged in November last year and they are ready to go ahead with the case in court, leaving the SA prosecuting authority – shall I call them that? – far behind.  Instead they are searching for apartheid sins. How backward have we become?"
• Anybody and everybody trying to take any legal action against Steinhoff now are just plain opportunistic idiots and they should be treated as such. These are nothing more than a bloody scammer trying to make a quick buck.
• Steinhoff is a viable business. With substantial assets across multiple regions. Every time the share price begin to recover, these opportunistic fools try their tricks and then it drops again."

[Squideye]

Zanme, on 21 Oct 2021 - 05:08 AM, said:

You are dealing with other people's money and have a fiduciary duty to be careful with it. Excessive remuneration is unethical and wrong. Forget what his being remunerated for and also the little that he has achieved. Nobody is saying that he mustn't be paid but it needs to be fair and reasonable which in my opinion is not. And all the real physical cash outlay happened by him. The fraud was a book entry.

Unfair that the same person always wins the Mampara of the Week Awards...

[Trader001]

Bushmanbob, on 21 Oct 2021 - 06:17 AM, said:

What Jooste did for shareholders = 9700c to 68c
 

 

What LDP and his team did for shareholders = 68c to 398c (485%) - now at 233c (247%)

And I think most agree that if it weren't for the SA courts interference, SNH share price would be significantly higher than it is now.

Zanme - comments? 

You whine at 68c, you whine when it recovers to a top of 398c (485% up from 68c low), you whine when you don't sell at peak and you still bleating now at 233c (247% up from 68c low), you whining about LDP because an SA Court is over reaching and hindering an extremely complex global settlement - Do you ever stop whining?  If this thing went to 4000c you would still be saying LDP robbed everyone blind.  It might be more productive if you let us know what the price needs to be for you to end your tiresome babble?  - yea I won't hold my breath.  For heavens sake, produce factual information - something new.  You've been strumming the strings on your tired old banjo for so long now it sounds like strangled cat.  I'm sure a case of the thrush is less irritating.

PS. The first duty of a CEO is to act in the interests of the company - not shareholders.  It just so happens when one is executed well, the other benefits.  Excessive remuneration is subjective.  Clearly shareholders endorse LDP's remuneration and it is therefore neither unethical nor wrong.  
 

Fully agree with you on this twit. For ever and a day .whining and whining. incoherent nonsense all the time 

[Tiekkie]

Squideye, on 21 Oct 2021 - 07:47 AM, said:

A month ago...
https://www.sharenet...eq=51&scode=SNH

no other news with regards to when this will happen?

[Squideye]

A month ago...

https://www.sharenet...eq=51&scode=SNH

[Squideye]

GutfeelTrader, on 21 Oct 2021 - 05:07 AM, said:

I'm confused, what is Friday about? Thought GS is only next year Jan or is TT in Jan? Can't keep track

Steinhoff-IR:

"[...] The proceedings on Friday will be to hear inter alia SIHNV's application for leave to appeal with respect to 'the jurisdictional issue'. Other parties will also seek leave to appeal the dismissal of their application to intervene in the main proceedings."

[Bushmanbob]

What Jooste did for shareholders = 9700c to 68c
 

 

What LDP and his team did for shareholders = 68c to 398c (485%) - now at 233c (247%)

And I think most agree that if it weren't for the SA courts interference, SNH share price would be significantly higher than it is now.

Zanme - comments? 

You whine at 68c, you whine when it recovers to a top of 398c (485% up from 68c low), you whine when you don't sell at peak and you still bleating now at 233c (247% up from 68c low), you whining about LDP because an SA Court is over reaching and hindering an extremely complex global settlement - Do you ever stop whining?  If this thing went to 4000c you would still be saying LDP robbed everyone blind.  It might be more productive if you let us know what the price needs to be for you to end your tiresome babble?  - yea I won't hold my breath.  For heavens sake, produce factual information - something new.  You've been strumming the strings on your tired old banjo for so long now it sounds like strangled cat.  I'm sure a case of the thrush is less irritating.

PS. The first duty of a CEO is to act in the interests of the company - not shareholders.  It just so happens when one is executed well, the other benefits.  Excessive remuneration is subjective.  Clearly shareholders endorse LDP's remuneration and it is therefore neither unethical nor wrong.  
 

[Zanme]

Zanme, on 21 Oct 2021 - 04:34 AM, said:

Irrespective of the quantum it was accounting entries no cash at all.
The article states 1.7 billion.

Steinhoff is an investment holding company so not sure what you talking about the jobs being saved.

Nothing justifies paying billions for nothing tangible to show other than a book entry and further payouts.

The operations are as they always were that is where the value is Louis and his consultants didn't touch the operations.

You are dealing with other people's money and have a fiduciary duty to be careful with it. Excessive remuneration is unethical and wrong. Forget what his being remunerated for and also the little that he has achieved. Nobody is saying that he mustn't be paid but it needs to be fair and reasonable which in my opinion is not. And all the real physical cash outlay happened by him. The fraud was a book entry.

[GutfeelTrader]

Squideye, on 20 Oct 2021 - 7:39 PM, said:

Yebo...!

I'm confused, what is Friday about? Thought GS is only next year Jan or is TT in Jan? Can't keep track

[Zanme]

Sleepwa123, on 20 Oct 2021 - 6:16 PM, said:

I think you're missing a lot of the facts here Zanme.

1. Accounting entries occurred over several years and equated to $7.7bn dollars
2. Stock market tanked which lost share holders R200 bn Rand
3. The company could have been liquidated and assets hopefully sold in a fire sale which further erodes value and puts 100,000+ jobs at risk

The team have managed to reduce the liability from lawsuits, save the company, save the jobs and grow the business substantially.

They have created and saved so much value that makes the large consulting, legal and accounting bills worth it.

Irrespective of the quantum it was accounting entries no cash at all.
The article states 1.7 billion.

Steinhoff is an investment holding company so not sure what you talking about the jobs being saved.

Nothing justifies paying billions for nothing tangible to show other than a book entry and further payouts.

The operations are as they always were that is where the value is Louis and his consultants didn't touch the operations.

[Squideye]

DeltaHedge, on 20 Oct 2021 - 7:26 PM, said:

Can GS be approved even if TT case is still pending ?

Yebo...!

[DeltaHedge]

DayTraderDad, on 20 Oct 2021 - 6:17 PM, said:

My understanding next week Judge Slinger will hear if PIC and others can join the fight. Hope she can decide quick but for me this is now set to drag months if not years.

Don't believe SA legal system is the most efficient in the world!!

Can GS be approved even if TT case is still pending ?

[Squideye]

Everybody in the starting blocks for Friday and the following days...?

Mumbo jumbo time in court...

Attached Files

•  Mumbo Jumbo.pdf   993.1KB   29 downloads

[DayTraderDad]

Tiekkie, on 20 Oct 2021 - 4:46 PM, said:

When is the TT case being heard..?

My understanding next week Judge Slinger will hear if PIC and others can join the fight. Hope she can decide quick but for me this is now set to drag months if not years.

 

Don't believe SA legal system is the most efficient in the world!!

[Sleepwa123]

I think you're missing a lot of the facts here Zanme.

1. Accounting entries occurred over several years and equated to $7.7bn dollars
2. Stock market tanked which lost share holders R200 bn Rand
3. The company could have been liquidated and assets hopefully sold in a fire sale which further erodes value and puts 100,000+ jobs at risk

The team have managed to reduce the liability from lawsuits, save the company, save the jobs and grow the business substantially.

They have created and saved so much value that makes the large consulting, legal and accounting bills worth it.

[DayTraderDad]

Zanme, on 20 Oct 2021 - 4:54 PM, said:

I am very sure that anyone would have done better for a fraction of the cost. Louis deserves no credit he is being remunerated extravagantly for hiring consultants to bs him. The Ceo of Shoprite is being critised for earning R30 million a 100 billion market cap operating company and Louis earns 120 million in two years for running a head office. I am saying this fraud was a book entry. But Louis the billionare genius spent over R50 billion to reverse a book entry. Its bizzare. Its wrong. He is wrong.

Hi Zanme have you hear the say " you pay peanuts and you get monkeys!!"  Directors salaries are approved by shareholders so why are we complaining? Maybe the majority think he is earning what he deserves.

 

My friend I am just as pissed off as you about this whole saga but the problem we facing its very complex.

 

Can you imagine a Eur 100 mil claim is holding back a Eur12 bil settlement so that we can move on and the share price can start recovering??

 

Me as a small shareholder is hoping SNH management (LdP) takes on TT old boys by the horns and let then walk out with nothing!!

 

If SNh gives in to TT old boys then surely its unfair to CW he lost much much more and then he would be entitled to claim much much more then where will we stop!!!

 

What we need to hope for is when eventually MJ get to Pollsmoor there world runs out of Vaseline!!!!

 

Get yourself a case of green beer!!!

[Zanme]

DayTraderDad, on 20 Oct 2021 - 12:34 PM, said:

Zanme is you look around everyone is trying to make money out of Steinhoff. At first hand good example is the TT old boys they actions is costing over Eur100 mil in interest to SNH.

So what you say LdP should just simply give in to them???

Try to find space and think all this was caused by a few people which up to now the Hawks have came up with zero findings not even approaching a court only the Germans after many years of investigation dare take it on.

Further the total claims were in the region of Eur12 Bil which it would be now settled if it was not for the few die hards!! Sometime you need to give LdP credit for the success achieved so far!!!

I am very sure you or any other person would have not been able to do better!!! Chill out maybe try to join the next Hermanus Sunday braai and ask the TT old boys to drop the case so we can get things finalized.

I am very sure that anyone would have done better for a fraction of the cost. Louis deserves no credit he is being remunerated extravagantly for hiring consultants to bs him. The Ceo of Shoprite is being critised for earning R30 million a 100 billion market cap operating company and Louis earns 120 million in two years for running a head office. I am saying this fraud was a book entry. But Louis the billionare genius spent over R50 billion to reverse a book entry. Its bizzare. Its wrong. He is wrong.