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Steinhoff


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#2521 Olymphia

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Posted 15 September 2021 - 11:35 AM

And today's high court case
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#2522 Squideye

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Posted 15 September 2021 - 11:30 AM

Steinhoff is preparing papers (2morrow or Friday) for the Constitutional Court to intervene... B)


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#2523 Olymphia

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Posted 15 September 2021 - 11:18 AM

Any idea what is going on in court today
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#2524 Tiekkie

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Posted 15 September 2021 - 09:59 AM

Share trading on a knife edge this morning 🤣
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#2525 CasualTrader

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Posted 15 September 2021 - 09:55 AM

The full story in (Afrikaans) detail @ http://www.sharechat...ff/#entry298844

Dankie Squideye. Me thinks it is going to become close to impossible for the ex TT folk to get Steinhoff liquidated. My rather uninformed view is this will not happen.


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#2526 Squideye

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Posted 15 September 2021 - 09:06 AM

The full story in (Afrikaans) detail @ http://www.sharechat...ff/#entry298844


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#2527 DayTraderDad

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Posted 15 September 2021 - 08:28 AM

Interesting:

https://www.business...quidation-case/
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#2528 Tiekkie

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Posted 15 September 2021 - 07:37 AM

The news is inaccurate for example below TT has not winned in fact its looking not very good for TT old boys

These legal fights were all quite small in comparison to the latest assault in which the Tekkie Town vendors won the legal right to apply for the liquidation of Steinhoff in SA in an effort to pursue their rights.

Another missunderstanding: TT old boys can only get 57% of Tekkie Town the other 43% was paid by cash.

There is a real risk that Pepkor could lose Tekkie Town, an important asset and contributor to profit

I really don't know how they can call themselves journalists if they don't do their homework
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#2529 DayTraderDad

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Posted 15 September 2021 - 07:31 AM

our journalist at it again. How is Tekkie Town the main contributor to PEPKOR specialty division?


The news is inaccurate for example below TT has not winned in fact its looking not very good for TT old boys

These legal fights were all quite small in comparison to the latest assault in which the Tekkie Town vendors won the legal right to apply for the liquidation of Steinhoff in SA in an effort to pursue their rights.

Another missunderstanding: TT old boys can only get 57% of Tekkie Town the other 43% was paid by cash.

There is a real risk that Pepkor could lose Tekkie Town, an important asset and contributor to profit
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#2530 Tiekkie

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Posted 15 September 2021 - 05:06 AM

https://www.moneyweb...-pepkor-shares/

our journalist at it again. How is Tekkie Town the main contributor to PEPKOR specialty division?

Edited by Tiekkie, 15 September 2021 - 05:07 AM.

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#2531 Tiekkie

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Posted 15 September 2021 - 05:04 AM

https://www.moneyweb...-pepkor-shares/
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#2532 Tiekkie

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Posted 15 September 2021 - 04:00 AM

Now that the settlement is almost done. Wonder which one of the companies will start to pay dividends first? This will go long way to start paying off debt. I think the tekkie town old boys are gonna go away
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#2533 Squideye

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Posted 15 September 2021 - 02:06 AM

:rolleyes: ...

Attached Files


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#2534 DayTraderDad

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Posted 14 September 2021 - 10:07 PM

The reason why I am think that is why did they not apply for the liquidation last year or the year before. So why now!! sure you you have a booming business they could just go for the GS and wait 3 to 4 years and the share of SNH would be close to they buy in. On the other hand if Mr Tekkie is not doing well they will be loosing business to to Tekkie Town so they need to knock out the competition!


See below all I count is 36 Mr Tekkie shops in SA not sure this ix a roring business!

https://www.mrtekkie.../store-locator/

Edited by DayTraderDad, 14 September 2021 - 10:09 PM.

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#2535 Billions

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Posted 14 September 2021 - 10:03 PM

I would guess that they were trying to squeeze higher value from settlement prior as well as hoping for liquidation anyway.. but as the 1000 puzzle pieces started to fall in place over the year liquidation looked less likely. I agree i dont think any mid to high luxury apparel stores in malls have been doing well since end march last year.... going to be very intresting days ahead.
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#2536 DayTraderDad

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Posted 14 September 2021 - 09:46 PM

I am starting to believe more and more thst the Mr. Tekkie business is not doing well and the Bentlies are at risk!


The reason why I am think that is why did they not apply for the liquidation last year or the year before. So why now!! sure you you have a booming business they could just go for the GS and wait 3 to 4 years and the share of SNH would be close to they buy in. On the other hand if Mr Tekkie is not doing well they will be loosing business to to Tekkie Town so they need to knock out the competition!
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#2537 DayTraderDad

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Posted 14 September 2021 - 09:35 PM

I am starting to believe more and more thst the Mr. Tekkie business is not doing well and the Bentlies are at risk!
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#2538 DayTraderDad

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Posted 14 September 2021 - 09:32 PM

" Fin24 previously reported that Tekkie Town claimants would receive around R110 million, which Tekkie Town's former CEO Bernard Mostert rejected as insufficient"

This was as at may... so R65ish mil legal cost... ouch indeed

TT are going to wakeup to a very bad dream!

Edited by DayTraderDad, 14 September 2021 - 09:33 PM.

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#2539 DayTraderDad

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Posted 14 September 2021 - 09:32 PM

https://www.news24.c...n-case-20210914

Nice summary. No opinion on the article by the writer. Just the facts.


Indeed I start to think TT old boys are having sleepless nights!!
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#2540 Billions

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Posted 14 September 2021 - 08:58 PM

I agree fully. What kind of judge does that? But what I don't understand is: why the case in her court is still ongoing while there is an appeal to the Bloemfontein court.
Does this mean everyone still want to hear whether she has changed her mind about last weeks ruling or what? Does she have the power to declare the SCA appeal nil and void? Anyone with an answer for clarity sake?

Meanwhile, back at the Ranch, the TT boys are piling up the legal costs. According to one interview with Moneyweb on 13/9 it is already north of R65 Mil...Outchhhhh!!!!!



" Fin24 previously reported that Tekkie Town claimants would receive around R110 million, which Tekkie Town's former CEO Bernard Mostert rejected as insufficient"

This was as at may... so R65ish mil legal cost... ouch indeed

Edited by Billions, 14 September 2021 - 09:00 PM.

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