15225 replies to this topic

[Tiekkie]

This is my thoughts:

Millions
Corporate Debt -€9,620
Settlement -€1,420
Interest payable 2021 -€2,700
IPO Cash €1,200
Cash (from latest balance sheet) €1,968
CW Loan €200
PEPCO €5,646
Pepkor €3,051
Greenlit Brands €1,000
Mattress Firm €1,800
Others €300
Net Assets €1,425
Shares in issue 4,218
NAV per share €0.34
RoE R 17.32
NAV per share – ZAR R 5.85


To note PEPCO value should be 40% more by the time the interest is due in 2023.

double my money

[DayTraderDad]

Anybody here recently tried to do a share valuation of some sorts on SNH? Just for interest sake...   

This is my thoughts:

 

                                                     Millions

Corporate Debt -€9,620

Settlement -€1,420

Interest payable 2021 -€2,700

IPO Cash €1,200

Cash (from latest balance sheet) €1,968

CW Loan €200

PEPCO €5,646

Pepkor €3,051

Greenlit Brands €1,000

Mattress Firm €1,800

Others €300

Net Assets €1,425

Shares in issue 4,218

NAV per share €0.34

RoE R 17.32

NAV per share – ZAR R 5.85

 

 

To note PEPCO value should be 40% more by the time the interest is due in 2023.

[DayTraderDad]

Steinhoff stel eis teen Markus Jooste se pêl in...

Any news on the hearing today? Its after lunch the V&A vis maark should now be closed!! Haha

[Staghorn]

Anybody here recently tried to do a share valuation of some sorts on SNH? Just for interest sake...   

[Staghorn]

Anybody here recently tried to do a share valuation of some sorts on SNH? Just for interest sake...   

[Squideye]

Steinhoff stel eis teen Markus Jooste se pêl in...

Attached Files

•  20210813.pdf   2.46MB   13 downloads

[DayTraderDad]

The other night on Stockwatch Wayne McCurry said that SNH needs to sell a lot of assets to pay for the settlement. How little does these so called anylists know.my knowledge is that SNh has enough cash currently to implement the settlement. Or am I missing something

You not missing anything these so called experts not focused. SNH will have to sell assets but that will be to pay down the Corporate debt!!

[DayTraderDad]

Haha ja 

 

Bedoel jy dit ...? Die V&A vismark is reeds oop !

Haha ja!!! Any news on the meeting!!!

[Tiekkie]

The other night on Stockwatch Wayne McCurry said that SNH needs to sell a lot of assets to pay for the settlement. How little does these so called anylists know.my knowledge is that SNh has enough cash currently to implement the settlement. Or am I missing something

[Squideye]

We need to wait for Squideye for his usal news.

Bedoel jy dit ...? Die V&A vismark is reeds oop !

[DayTraderDad]

will Trevo go to court today. Now that Hamilton has given there support to SNH

We need to wait for Squideye for his usal news.

[Tiekkie]

My take once the GS is done then SNH will sue all those implicated to get the money back.

will Trevo go to court today. Now that Hamilton has given there support to SNH

[DayTraderDad]

I wonder if this is a build up to suing MJ himself? Any thoughts?

My take once the GS is done then SNH will sue all those implicated to get the money back.

[Matt744]

I wonder if this is a build up to suing MJ himself? Any thoughts?

[DayTraderDad]

Steinhoff sues Markus Jooste's business partner for R1.6 billion in English court https://www.news24.c...-court-20210813

I was expecting this to happen. Quite sure SNH will be suing a few others in time.

[Tiekkie]

Steinhoff sues Markus Jooste's business partner for R1.6 billion in English court https://www.news24.c...-court-20210813

[Tiekkie]

I have now heard anything about the Trevo claim. I wounder if they will continue on their own?

Below from SENS:
“Steinhoff believes that this approach removes Trevo’s legal standing in the Section 155 proposal, and provides a basis for the discontinuance of Trevo’s further participation in the class composition application that has been brought in the Cape Town High Court, the hearing of which is currently adjourned to August 13 (tomorrow),”

I bought at 168... and quite happy at the moment will hold on and see what happens

[DayTraderDad]

I think there was a lot of profit taking today. I waited for the dip to buy more.

Do you think there is any steam left in tomorrow's court case?

I have now heard anything about the Trevo claim. I wounder if they will continue on their own?

 

Below from SENS:

“Steinhoff believes that this approach removes Trevo’s legal standing in the Section 155 proposal, and provides a basis for the discontinuance of Trevo’s further participation in the class composition application that has been brought in the Cape Town High Court, the hearing of which is currently adjourned to August 13 (tomorrow),” 

[DayTraderDad]

I think there was a lot of profit taking today. I waited for the dip to buy more.

Do you think there is any steam left in tomorrow's court case?

I will buy more tomorrow if it drops below the R2!!!

[DayTraderDad]

I think there was a lot of profit taking today. I waited for the dip to buy more.

Do you think there is any steam left in tomorrow's court case?

Nothing will happen tomorrow see below insert from SENS:

 

Steinhoff has received confirmation that the Active Claimant Group, Hamilton, supports in

principle the Steinhoff global settlement based on this increased contribution by SIHPL, and will

withdraw from the class composition application which has been adjourned until 13 August

2021 on that basis. Hamilton’s final approval of the S155 proposal will be subject to the ongoing

claim verification process.