Another think to think about the liabilities and claims! If the Coronations and Allan Grey's did not see a future why would they still be holding shares and not sell out?
If CW was so sure his companies are going to get Pepkor back why did they spend a further R600 mil ( rough figure) buying more shares which I thing the average price should be around the R2?
Surely he must have known SNH does not have enough money to pay for his claim so why invest further?
These claims will take very long time to sort out!!!
to clear things up with regards to CW claim, he mentioned in the interview that the made the claim so that he is set equal to the creditors if Steinhoff would be liquidated. So I think that was a really good move, because if only the creditors would have had the first chunk I don't know what would have happened. The claim from CW might have been a genius move so that he is involved in the discussions of the future of Steinhoff. And all he wants is that all parties sit together and solve the issues. As he has topped up more shares I think he wants Steinhoff to return in full power and I think he is also seeing the potential.
Just imagine what will happen when he withdraws his claim in a few years? That would mean that all similar cases where there are claims regarding losses in shares would have no hope of success. Again it might have been a genius move by CW. And just think about it, we haven't heard anything new since they launched the claim in 2018, the lawyers of CW are not even pushing to get to a point.