15225 replies to this topic

[Zanme]

See the Shareholder Circular that Squideye posted.

It depends on what the CVR will pay out, if anything is left...you will get nothing if this proposal is voted againts.

Picking at the carcass...any CVR payout is subject to yet another "Agent" taking 20% of what is paid out as a admin fee(this tells me there will be something left and an Agent is in place already). FFS, this LdP and TdK lined everyones pockets along the way of dissolving this F-up of a company.

I think(hope), the CVR payout will be worth waiting for if shareholders do not shoot themselves in the foot at the AGM.

Trying to fight managment now, only delays the process, which increases the interest bill and risk of creditor support being pulled which will trigger liquidation...then you get nothing.

Du Preez conned everyone.
He must be held accountable.
He could have done this 5 years ago. Been without a job.
But he played this to his benefit.

[Bubble]

Page 22-23. Section 5.5

See the Shareholder Circular that Squideye posted.

 

It depends on what the CVR will pay out, if anything is left...you will get nothing if this proposal is voted againts.

 

Picking at the carcass...any CVR payout is subject to yet another "Agent" taking 20% of what is paid out as a admin fee(this tells me there will be something left and an Agent is in place already). FFS, this LdP and TdK lined everyones pockets along the way of dissolving this F-up of a company.

 

I think(hope), the CVR payout will be worth waiting for if shareholders do not shoot themselves in the foot at the AGM.

 

Trying to fight managment now, only delays the process, which increases the interest bill and risk of creditor support being pulled which will trigger liquidation...then you get nothing.

[Bubble]

I agree,  our shareholding is so small in relation to the big holders that we will have to follow tow along with the majority vote anyhow, or will each shareholder have to say we are in our out of the creditor plan.  

 

The question I have: what is going to happen after the AGM. Is the reaction of creditors going to be immediate?

 

Will one be able to trade until 2026 with a change to to sell at a slightly better price.

 

Du Preez better send out explanatory notes to shareholders so that we are informed what is going to be the exact sequence of events following the AGM.

 

Page 22-23. Section 5.5

[Zanme]

If you recall he never did anything that was not approved by shareholders.

You a joke

[Trader001]

Take the deal on offer. The people trying to get it blocked(voted out via SdK), is likely short on the share, knowing it will go to Nil if the deal is blocked...my view.

 

I agree,  our shareholding is so small in relation to the big holders that we will have to follow tow along with the majority vote anyhow, or will each shareholder have to say we are in our out of the creditor plan.  

 

The question I have: what is going to happen after the AGM. Is the reaction of creditors going to be immediate?

 

Will one be able to trade until 2026 with a change to to sell at a slightly better price.

 

Du Preez better send out explanatory notes to shareholders so that we are informed what is going to be the exact sequence of events following the AGM.

[Bubble]

Take the deal on offer. The people trying to get it blocked(voted out via SdK), is likely short on the share, knowing it will go to Nil if the deal is blocked...my view.

[DayTraderDad]

You guys were defending and cheering every move of his. Only Stellenbosch got something out. All of the thousands consultants. Louis. Banks and we got jack nothing. This guy has to pay us his salary. He achieved absolutely nothing in this time. He is equivalent to Andre. He must pay back what he earned. Steinhoff could have been put into this 5 years ago. And there could have been values salvaged. He must be held accountable.

If you recall he never did anything that was not approved by shareholders.

[DayTraderDad]

Useless guy in charge as I said for years.

Has got nothing to do with LdP it was circumstances first COVID then the Russia and Ukraine war has kept PEPCO share price depressed and also not able to list MF. Think about it even the share price of Pepkor has been depressed so how will they pay the debt. He did a great job not having to give the full 100% to bebt holders. Maybe the only possible mistake made was not to list PEPCO in Amsterdam or London that would have maybe pushed the share price up because not every one has access to Polish exchange. 

[Zanme]

Useless guy in charge as I said for years.

You guys were defending and cheering every move of his. Only Stellenbosch got something out. All of the thousands consultants. Louis. Banks and we got jack nothing. This guy has to pay us his salary. He achieved absolutely nothing in this time. He is equivalent to Andre. He must pay back what he earned. Steinhoff could have been put into this 5 years ago. And there could have been values salvaged. He must be held accountable.

[Zanme]

Hi Lionel no I jumped out totally other day. There might be still value going forward but for me not an option to own shares that are not freely traded. SNH still has great business but the world economics did not improved the value of the share prices and cannot see how will they ever pay the debt.

Useless guy in charge as I said for years.

[Queen B]

Its obviously not "Steinhoff" anymore

Its now "Deadenhoff"

Im sure plenty made some decent cash with the day trading today

Just show how far this company has fallen, that we are skimming what we can

[DayTraderDad]

row row row your boat.....gently DOWN the stream

 

DTD u shorting mate

Hi Lionel no I jumped out totally other day. There might be still value going forward but for me not an option to own shares that are not freely traded. SNH still has great business but the world economics did not improved the value of the share prices and cannot see how will they ever pay the debt.

[Squideye]

I’m also trying to reach SDK to get clarity on their game plan and muscle here and abroad.

 

Take into account that it was mailed before yesterday's 13:00 Sens...

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[Lionelza1]

row row row your boat.....gently DOWN the stream

 

DTD u shorting mate

[Zeebo]

To add, the Pepkor sale of shares is another kick in the nuts. That money is headed straight to creditors for debt, more of the Crown Jewels and earning capacity gone, the share price hated it and ranks more and here we sit in a house on fire that will soon be ashes when the creditors walk in. Incredible.

[Zeebo]

This is a bloodbath. The share continues to tank. Soon we’ll be at zero.
Why aren’t we burning down the phone lines at SNH and media about this? The stink is now a stench all round.
I’m also trying to reach SDK to get clarity on their game plan and muscle here and abroad.

[Africa1962]

Did having majority actually mean anything? Maybe there are some creditors that have not agreed to the new arrangement and need to sell to pay them in cash.

 

that is definitely the case....remember they said that 64% agreed.....with the sale of Pepco shares the other day and now Pepkor ,they are paying off the other 36%....soon it will be 100% of the creditors agree....

[Blackobar]

Steinhoff sells ± 6,5% of its Pepkor shares and loses majority in subsidiary...

They should sell them all, because Steinhoff's affiliation with Pepkor is what's holding Pepkor back, many potential investors don't want to touch anything associated with Steinhoff, and Pepkor is a great business, it's current share price is not where it should be.
Nobody who doesn't own Steinhoff wants anything to do with Steinhoff.

[CasualTrader]

  Steinhoff sells ± 6,5% of its Pepkor shares and loses majority in subsidiary...

Did having majority actually mean anything? Maybe there are some creditors that have not agreed to the new arrangement and need to sell to pay them in cash.

[Squideye]

  Steinhoff sells ± 6,5% of its Pepkor shares and loses majority in subsidiary...