15225 replies to this topic

[DayTraderDad]

How we looking here DTD? 

You think **** will all come together positively in the end ?

D-day is soon ? 

I am guessing there will be further delays because some wankers just cant take whats given.

Hi DeltaHedge, 

 

Please note this is my own thoughts and not investment ideas or advise.

 

I believe the outcome will be positive because I spent the weekend reading all the Application documents and from it its very clear (remember I am not a lawyer) Hamilton is very much on their back feet because I am convinced they don´t have the 25% required to stop the process.

 

You can read all follow the link: https://steinhoffset...-documents.aspx

 

According to Hamilton the De Bruyn case is different for me its very clear it is not. The company was the one that suffered the fraud and as such it has the right to claim. Shareholders only suffered a depreciation on the value of the company share. Further the judge was clear to state buy share in open market carries its risk.

 

Further if Hamiltons had more than the 25% they would vote the process down and would not need to fight about it asn as for Trevo they just noise.

 

As much as all the talk is about the share holders for me its all about Hamiltons pocket see below calculation:

 

Hamilton Claim R 14,163,675,343 ( you can find this figure on the application Hamilton submitted)

Hamilton share 15% R 2,124,551,301 (According to Ann they will collect 15% for the trouble) 

RoE R 17.30

Hamilton share 15% in EUR:  €122,806,434

 

Proposed settlement 6% of Claim value:  R 849,820,521 ( This is 6% of the initial value) 

Hamilton share:  R 127,473,078

RoE: R 17.30

 

Hamilton share 15% in EUR:  €7,368,386

 

Difference in income to Hamilton a whopping: €115,438,048

 

So for me the real truth is all this to fetch Eur 7 mil is looking at a possible loss and this will not look good for their reputation.

 

On the other hand if this goes to court and the De Bruyn case stands then the hotshot investment houses and Hamilton walk away with nothing.

 

This is going to make the investment houses think very hard because if they settled and just wait for the share price to correct they would make more money than in a liquidation.

 

So all I am doing is sitting on my hands fishing waiting for 15 June or the next announcement Hamilton accepting the deal!!!!

[DeltaHedge]

I don't pay much attention to what she writes because does not say much.

 

How we looking here DTD? 

You think **** will all come together positively in the end ?

D-day is soon ? 

I am guessing there will be further delays because some wankers just cant take whats given.

[DayTraderDad]

Can Ann Crotty be trusted?

I don't pay much attention to what she writes because does not say much.

[DayTraderDad]

Old Mutual

Added - 41mil in Feb

Added - 16mil in Mar

Dropped - 25mil in Apr

 

Looks more like they trading it.

Yes indeed does look that way!!

[DayTraderDad]

Sorry DTD, I checked incorrectly... Old Mutual lowered their holding by 34% to 49 mill.  PIC lowered their holdings by 1.5% to 323mill.... But JPMC-Vanguard Lending Account increased their holding from 21 mill to 65mill...  Not sure how the JPMC"lending account's holdings work...

Thanks Polla this is still good news Vanguard is a well known investment house!!

[Bubble]

Old Mutual

Added - 41mil in Feb

Added - 16mil in Mar

Dropped - 25mil in Apr

 

Looks more like they trading it.

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[Polla]

Thanks Polla what is their holding now? What about the PIC?

Sorry DTD, I checked incorrectly... Old Mutual lowered their holding by 34% to 49 mill.  PIC lowered their holdings by 1.5% to 323mill.... But JPMC-Vanguard Lending Account increased their holding from 21 mill to 65mill...  Not sure how the JPMC"lending account's holdings work...

[DayTraderDad]

Old Mutual sold 67% of their shareholding during April....

Thanks Polla what is their holding now? What about the PIC?

[Polla]

Sure there is always a possibility that they getting more support but there is also the other side people might be chickening out and rather take what there is then get nothing all together.

 

Then one ask the question why would PIC and Old Mutual spend nearly R 80 mil each buying more SNH shares in February and March is they know that they pushing for SNH liquidation?  I have not seen the shareholding change for April (maybe someone can post that) but would be interested to know if there was no change.

 

I also believe if Hamiltons were so sure they have more than the 25% then the fight would be different they would simply vote against and would be no need for them to go to court to try and stop the settlement. Any lawyers ready your thoughts!!!

Old Mutual sold 67% of their shareholding during April....

[Bubble]

Can Steinhoff be trusted? https://www.moneyweb...off-be-trusted/

 

Can Ann Crotty be trusted?

[Squideye]

Can Steinhoff be trusted? https://www.moneyweb...off-be-trusted/

[DayTraderDad]

They could very well try an persuade other claimants that accepted the settlement not to accept it anymore. Some Harvey Spectre move. Still not sure how they think they'll be getting fair value if the SNH is forced into liquidation

Sure there is always a possibility that they getting more support but there is also the other side people might be chickening out and rather take what there is then get nothing all together.

 

Then one ask the question why would PIC and Old Mutual spend nearly R 80 mil each buying more SNH shares in February and March is they know that they pushing for SNH liquidation?  I have not seen the shareholding change for April (maybe someone can post that) but would be interested to know if there was no change.

 

I also believe if Hamiltons were so sure they have more than the 25% then the fight would be different they would simply vote against and would be no need for them to go to court to try and stop the settlement. Any lawyers ready your thoughts!!!

[sommerso]

DTD....this is an article from 2018. It indeed does say approximately 20%. Is there however, any chance, that this figure could have somehow increased over the last 3 years with additional shareholders joining the class action? Keep in mind if it surpasses 25% , we are going to be facing some rough seas...this is not going to be good for the share price and thats just my concern..conversely if they dont have the requisite 25% we will see green all the way.Another thought,why would Hamilton oppose the global settlement with such stubborness if they didnt have the requisite numbers knowing well they wouldnt stand a chance in the absence of the 25%? Just playing devils advocate. Your response will be appreciated.

 

 

They could very well try an persuade other claimants that accepted the settlement not to accept it anymore. Some Harvey Spectre move. Still not sure how they think they'll be getting fair value if the SNH is forced into liquidation

[woolhoff]

Interesting look what I found: So shareholding of all claimants about 20%!!!

https://www.barentsk...n-barentskrans/


South African Institutions back Steinhoff class action run by BarentsKrans
Many of the largest institutions in South Africa have decided to pursue claims on behalf of their clients and funds that suffered losses as a result of the collapse in the share price of global retailer Steinhoff in December 2017.

The institutions include Abax Investments, Allan Gray, Bateleur Capital, Coronation, Denker, Electus, Eskom, Investec Asset Management, Investec Wealth & Investment, Momentum, Old Mutual, Sanlam, Tantalum Capital, Truffle and Visio Capital.

These institutions, whose clients’ and funds’ holdings collectively represented approximately 20% of the total shareholding in Steinhoff at the time the company’s share price collapsed, are engaging their respective clients. They are informing their clients that they have concluded that the ‘class action’ case being run in the Netherlands by BarentsKrans, is their preferred legal route. The institutions are proposing to their clients that they participate in the BarentsKrans case, which they have concluded is aimed at achieving an outcome that is in their clients’ best interests.

DTD....this is an article from 2018. It indeed does say approximately 20%. Is there however, any chance, that this figure could have somehow increased over the last 3 years with additional shareholders joining the class action? Keep in mind if it surpasses 25% , we are going to be facing some rough seas...this is not going to be good for the share price and thats just my concern..conversely if they dont have the requisite 25% we will see green all the way.Another thought,why would Hamilton oppose the global settlement with such stubborness if they didnt have the requisite numbers knowing well they wouldnt stand a chance in the absence of the 25%? Just playing devils advocate. Your response will be appreciated.

Edited by woolhoff, 08 May 2021 - 01:07 PM.

[woolhoff]

See above

Edited by woolhoff, 08 May 2021 - 01:08 PM.

[DayTraderDad]

Interesting look what I found: So shareholding of all claimants about 20%!!!

 

https://www.barentsk...n-barentskrans/

 

 

South African Institutions back Steinhoff class action run by BarentsKrans

Many of the largest institutions in South Africa have decided to pursue claims on behalf of their clients and funds that suffered losses as a result of the collapse in the share price of global retailer Steinhoff in December 2017.

 

The institutions include Abax Investments, Allan Gray, Bateleur Capital, Coronation, Denker, Electus, Eskom, Investec Asset Management, Investec Wealth & Investment, Momentum, Old Mutual, Sanlam, Tantalum Capital, Truffle and Visio Capital.

 

These institutions, whose clients’ and funds’ holdings collectively represented approximately 20% of the total shareholding in Steinhoff at the time the company’s share price collapsed, are engaging their respective clients. They are informing their clients that they have concluded that the ‘class action’ case being run in the Netherlands by BarentsKrans, is their preferred legal route. The institutions are proposing to their clients that they participate in the BarentsKrans case, which they have concluded is aimed at achieving an outcome that is in their clients’ best interests.

[DayTraderDad]

Hi. What portion of pepko will snh hold after listing.
How many shares will be listed for sale...and if fully subscribed how much will snh get from that.

Go to PEPCO Group websight and download prospectus explains everything.

 

https://www.pepcogroup.eu/investors/

[Squideye]

Hi. What portion of pepko will snh hold after listing.
How many shares will be listed for sale...and if fully subscribed how much will snh get from that.

 

https://senspdf.jse....505_S445664.pdf

[Investment novice]

Hi. What portion of pepko will snh hold after listing.
How many shares will be listed for sale...and if fully subscribed how much will snh get from that.

[Squideye]

Kol. Katlego Mogale, woordvoerder van die Valke, het op vrae in verband met die jongste bewerings van bedrog en geldwassery wat teen Jooste ondersoek word, gesê dit maak deel van die ondersoek na Steinhoff uit

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