15225 replies to this topic

[Tom]

Lionelza1, on 13 May 2021 - 08:16 AM, said:

50c

ZERO (big and fat)

[DeltaHedge]

sommerso, on 13 May 2021 - 08:14 AM, said:

What if the TT liquidation is only a ploy for them to manipulate a share price to purchase more shares for when the settlement is approved world wide. They should know that if they liquiidate SNH their pay out would be worth a lot less?

Exactly, what about the money to be made off the share price appreciation to come once claims are settled ? That’s where the money will be made.

It’s nonsensical, or please someone correct my thinking if I am wrong.

[Lionelza1]

50c 😁

[sommerso]

DayTraderDad, on 13 May 2021 - 07:56 AM, said:

I would not overate the Takkie Town scanario. Take a good looks stocks all well down deep in the red today world sell off continues!!!

 

 

What if the TT liquidation is only a ploy for them to manipulate a share price to purchase more shares for when the settlement is approved world wide. They should know that if they liquiidate SNH their pay out would be worth a lot less? 

[Squideye]

Provisional Liquidation Application @

https://www.sharenet...0&seq=25&scode=

[Junz]

Might be a good opportunity to top up a little more shares now

[DayTraderDad]

DeltaHedge, on 13 May 2021 - 07:44 AM, said:

Market hating the news on tikkie wankers. Can these guys cause the whole thing to collapse ?

I would not overate the Takkie Town scanario. Take a good looks stocks all well down deep in the red today world sell off continues!!!

[Tom]

So Takkie Town's Previous, as a so called "Contractual Claimant" is complaining about getting a fraction of his claim which is 3 to 8 to 15 times per share as much as the so called "Market Purchase Claimants", so what must we the MPC say about our fraction of a fraction compensation, which is so tiny, one can actually just as well live with a full loss (at least with some dignity of refusing their tiny fraction of fraction compensation) ...... So for MPC claimants:... Refuse this unfair and biased tiny for you compensation offer and let this ship of nonstop false statements, lies, unfairness and fraud sink

Edited by Tom, 13 May 2021 - 09:52 AM.

[DeltaHedge]

DayTraderDad, on 13 May 2021 - 07:00 AM, said:

Quite sure the claim of Eur 128 mil not going to make steinies bust!,

Market hating the news on tikkie wankers. Can these guys cause the whole thing to collapse ?

[DayTraderDad]

DeltaHedge, on 13 May 2021 - 06:53 AM, said:

Why would they only come out with this now and not a year ago when things were a lot darker.

We know through the various tools like rights issue , IPO’s etc steinhoff can pay off half their debt then refinance the rest.

Always something with steinies eish

Quite sure the claim of Eur 128 mil not going to make steinies bust!,

[Sleepwa123]

They literally have no other options and the current settlement gives them far less than what they sold Tekkie Town for.

I'm fairly certain that the judge will assess the impact of the settlement and how this will make Steinhoff a viable entity. If they did this a year ago when the settlement had not announced as yet, they might have had a shot but it is almost complete.

[DeltaHedge]

DayTraderDad, on 13 May 2021 - 06:23 AM, said:

They got R3.3 bil for a busines with R0.28 Bil thats a whoping 11 times multiple which normally should be maximum 5. That alone should have set alarm bells in the Takkie Town old boys club.

Why would they only come out with this now and not a year ago when things were a lot darker.

We know through the various tools like rights issue , IPO’s etc steinhoff can pay off half their debt then refinance the rest.

Always something with steinies eish

[DayTraderDad]

DayTraderDad, on 13 May 2021 - 06:16 AM, said:

I agree they got paid a very fat primium for a business with only R280 mil profit per year. At that time there was no complains. I could be wrong but very much doubt market will pay much attention to this news

They got R3.3 bil for a busines with R0.28 Bil thats a whoping 11 times multiple which normally should be maximum 5. That alone should have set alarm bells in the Takkie Town old boys club.

Edited by DayTraderDad, 13 May 2021 - 08:27 AM.

[DayTraderDad]

Tiekkie, on 13 May 2021 - 04:59 AM, said:

I think they are grasping at the last straws. Disgruntled. But when they benefitted they didn't go to court

I agree they got paid a very fat primium for a business with only R280 mil profit per year. At that time there was no complains. I could be wrong but very much doubt market will pay much attention to this news

[Squideye]

Former Tekkie Town owners launch urgent bid to liquidate Steinhoff @

https://www.news24.c...inhoff-20210513

[Tiekkie]

Tiekkie, on 13 May 2021 - 04:59 AM, said:

I think they are grasping at the last straws. Disgruntled. But when they benefitted they didn't go to court

well see a big sell off again today

[Tiekkie]

Squideye, on 12 May 2021 - 6:46 PM, said:

Details to Tekkie Town @ attachment

I think they are grasping at the last straws. Disgruntled. But when they benefitted they didn't go to court

[Squideye]

Details to Tekkie Town @ attachment

Attached Files

•  20210512 Tekkie Town Liquidation.pdf   981.8KB   19 downloads

[AMG76]

Any ideas as to the implication of this. I wasn't able to read the article yet, but did see the headline.

[AMG76]

Any ideas as to the implication of this. I wasn't able to read the article yet, but did see the headline.