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Steinhoff


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#21 sommerso

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Posted 31 March 2021 - 02:00 PM

BREAKING: London vies for Poundland parent's listing after pandemic delay @ https://news.sky.com...-delay-12261599

 

 

Explain to me in pictures, what would this mean for Steinhoff, if they list PEPCO seperately? 


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#22 Squideye

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Posted 31 March 2021 - 01:12 PM

BREAKING: London vies for Poundland parent's listing after pandemic delay @ https://news.sky.com...-delay-12261599


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#23 Squideye

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Posted 31 March 2021 - 12:36 PM

Steinhoff kry nog 4 groepe se steun vir skikking @ https://docdro.id/fELoULi

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#24 Tiekkie

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Posted 31 March 2021 - 12:24 PM

only 4 of the 6 have accepted

Hamilton case is in court. I think it will be dismissed
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#25 Africa1962

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Posted 31 March 2021 - 12:16 PM

Is Hamilton part of the 4 that accepted the deal?

 

only 4 of the 6 have accepted


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#26 nosh

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Posted 31 March 2021 - 11:43 AM

 

"Claimant Representative" means each of the following parties:
 
  • Burford Capital LLC
  • Deminor Recovery Services
  • DRS Belgium S.R.L.
  • Hamilton
  • Innsworth
  • Grant & Eisenhofer P.A. and Kessler Topaz Meltzer & Check, LLP; and ISLG.

 

Is Hamilton part of the 4 that accepted the deal?


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#27 Squideye

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Posted 31 March 2021 - 10:29 AM

"Claimant Representative" means each of the following parties:
 
  • Burford Capital LLC
  • Deminor Recovery Services
  • DRS Belgium S.R.L.
  • Hamilton
  • Innsworth
  • Grant & Eisenhofer P.A. and Kessler Topaz Meltzer & Check, LLP; and ISLG.

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#28 CasualTrader

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Posted 31 March 2021 - 09:46 AM

This article is rather old, 2 May 2019. Unless I am missing something.


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#29 Sleepwa123

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Posted 31 March 2021 - 09:34 AM

Thanks DTD. So they claiming just over R2bn (1.5%).

 

https://www.southafr...inst-steinhoff/

 

So this is still less than the 25% threshold worst case? What am I missing?

 


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#30 DayTraderDad

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Posted 31 March 2021 - 09:16 AM

So total claims amount to R130bn.

 

Claimants who are still disputing:

1. Hamilton - R17bn (13%)

2. Lancaster - R12bn (9%)

 

Not sure if I am missing anyone?

 

They account for 22% and the s155 process requires 75% consent. But I don't think the 22% will entirely be allocated to the s155 process in South Africa as Hamilton is based in Ireland?

What about TREVO CAPITAL?


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#31 DayTraderDad

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Posted 31 March 2021 - 09:12 AM

Good news:

 

https://www.sharenet...331_S444354.pdf


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#32 Sleepwa123

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Posted 31 March 2021 - 09:07 AM

So total claims amount to R130bn.

 

Claimants who are still disputing:

1. Hamilton - R17bn (13%)

2. Lancaster - R12bn (9%)

 

Not sure if I am missing anyone?

 

They account for 22% and the s155 process requires 75% consent. But I don't think the 22% will entirely be allocated to the s155 process in South Africa as Hamilton is based in Ireland?


Edited by Sleepwa123, 31 March 2021 - 09:10 AM.

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#33 Tiekkie

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Posted 31 March 2021 - 08:52 AM

Good news! Any ideas around what % claim they collectively accounted for?

I think with the Wiese approvals and the VeB this will be enough....but just a guess
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#34 Sleepwa123

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Posted 31 March 2021 - 08:48 AM

Good news! Any ideas around what % claim they collectively accounted for?


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#35 Squideye

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Posted 31 March 2021 - 08:37 AM

Any litigation initiated by these ACGs against Steinhoff and its former directors and officers will be suspended immediately @ https://www.sharenet...0&seq=16&scode=


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#36 Tiekkie

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Posted 31 March 2021 - 08:25 AM

price going to go on a run today following positive Sens.....Steinies picking them off one at a time...

tradegate already 5,5%
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#37 Africa1962

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Posted 31 March 2021 - 08:02 AM

There are buyers around supporting the share. Two days in a row now

 

price going to go on a run today following positive Sens.....Steinies picking them off one at a time...


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#38 Tiekkie

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Posted 30 March 2021 - 06:11 PM

There are buyers around supporting the share. Two days in a row now
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#39 Tiekkie

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Posted 30 March 2021 - 11:35 AM

Pepkor hitting a 12 month high.

Edited by Tiekkie, 30 March 2021 - 11:36 AM.

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#40 Tiekkie

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Posted 30 March 2021 - 09:08 AM

Louis Du Preez the lawyer is fighting for SNH think he is showing his value in these court applications.
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