15225 replies to this topic

[Tiekkie]

What I can see there are buyers around holding the share price up

[DeltaHedge]

Tiekkie, on 01 Mar 2021 - 08:20 AM, said:

PEPCO ipo I the first six months that is good news?

 

They need to IPO while the market is hot, the bubble will pop when the QE stops. If the 1.9 trillion relief fund is approved by senate then that will give Pepco more time for the IPO. 
 

[Tiekkie]

CasualTrader, on 01 Mar 2021 - 08:11 AM, said:

Just a question from my side. I see Aveng is doing a rights issue which will assist with settling some of their debt. Why is this not an option for Steinhoff. Is it because no one will actually take up the rights offer?

the problem with a rights issue is that it would dilute exiting shareholders big-time.

[Tiekkie]

wvdoes, on 01 Mar 2021 - 08:09 AM, said:

At least they're not hiding ...

https://www.bloomber...XQBynCdSAs4PYtY

PEPCO ipo I the first six months that is good news?

[CasualTrader]

Just a question from my side. I see Aveng is doing a rights issue which will assist with settling some of their debt. Why is this not an option for Steinhoff. Is it because no one will actually take up the rights offer?

 

[Tentative]

At least they're not hiding ...

 

https://www.bloomber...XQBynCdSAs4PYtY

 

 

[Africa1962]

Tiekkie, on 01 Mar 2021 - 07:33 AM, said:

why don't they give them shares in the company? Instead of bonuses?

 

in the financials they make mention that share allocation is being reviewed as part of the new reward scheme....

[Tentative]

At this point it must be read as a massive warning sign ... they just refuse to align their interests with us?

 

Tiekkie, on 01 Mar 2021 - 07:33 AM, said:

why don't they give them shares in the company? Instead of bonuses?

[Leadingedge]

LarryK, on 01 Mar 2021 - 06:50 AM, said:

All I know about this share is that it will go up again.

The company is in a much better position now and is pleading poverty.

I'm hoping for any dip to around 1.50 and will pile in then and hold for the next pump.

 

Your wish may come true before the end of the week at this rate.

[Tiekkie]

Squideye, on 01 Mar 2021 - 06:38 AM, said:

Steinhoff chief executive gets double-digit increase in basic salary @ https://www.iol.co.z...cc-7f252fe2a98a

why don't they give them shares in the company? Instead of bonuses?

[LarryK]

All I know about this share is that it will go up again.

The company is in a much better position now and is pleading poverty.

I'm hoping for any dip to around 1.50 and will pile in then and hold for the next pump.

[Squideye]

Steinhoff chief executive gets double-digit increase in basic salary @ https://www.iol.co.z...cc-7f252fe2a98a

[DayTraderDad]

DayTraderDad, on 28 Feb 2021 - 6:40 PM, said:

 

My take June will go well and claims will be settled. We must not forget VEB in Netherlands already has agreed.

 

See the difference between VEB and Hamilton.

 

VEB: https://www.veb.net/...enu/over-de-veb

 

Hamilton BV and Claims Funding Europe (CGE), a litigation funding company based in Ireland,

 

https://claimsfundingeurope.eu/about

 

"Who we are

Claims Funding Europe is a litigation funding company specialising in multi-party actions for the victims of corporate misconduct, in particular cartels and claims for shareholders.

 

Claims Funding Europe provides access to justice for parties with genuine claims.

 

Claims Funding Europe is incorporated in Dublin, Ireland and is owned by Australia’s premier class action law firm, Maurice Blackburn Lawyers and International Litigation Funding Partners Pte. Ltd."

 

"

Maurice Blackburn

We are owned, staffed and advised by Australia's premier class actions firm Maurice Blackburn and International Litigation Funding Partners.

Maurice Blackburn is an Australian law firm founded in 1919 by Maurice McCrae Blackburn. He was a distinguished lawyer and a member of State and Federal Parliaments.

From the very beginning, the firm fought cases involving civil liberties underprivileged groups and the rights of ordinary people. Maurice Blackburn's belief in fighting for the rights of its clients continues to this day and is reflected in the cases and the principles by which the firm operates and its results. Maurice Blackburn employs over 1100 staff and is Australia's premier class action law firm.

Maurice Blackburn has recovered in excess of $2.5 billion Australian dollars in damages on behalf of the victims of corporate misconduct. For more details, please visit the Maurice Blackburn website.

 

See who are Maurice Blackburn: https://www.mauriceblackburn.com.au/

 

Very Interesting all about claiming!!!!

 

See the shareholders in the bandwagon: Is it not interesting the usual guys!!!!

 

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.

[DayTraderDad]

DeltaHedge, on 28 Feb 2021 - 5:33 PM, said:

So I guess if June doesn’t go well then what next ? This debt burden is just crazy

My take June will go well and claims will be settled. We must not forget VEB in Netherlands already has agreed.

 

See the difference between VEB and Hamilton.

 

VEB: https://www.veb.net/...enu/over-de-veb

 

Hamilton BV and Claims Funding Europe (CGE), a litigation funding company based in Ireland,

 

https://claimsfundingeurope.eu/about

 

"Who we are

Claims Funding Europe is a litigation funding company specialising in multi-party actions for the victims of corporate misconduct, in particular cartels and claims for shareholders.

 

Claims Funding Europe provides access to justice for parties with genuine claims.

 

Claims Funding Europe is incorporated in Dublin, Ireland and is owned by Australia’s premier class action law firm, Maurice Blackburn Lawyers and International Litigation Funding Partners Pte. Ltd."

 

"

Maurice Blackburn

We are owned, staffed and advised by Australia's premier class actions firm Maurice Blackburn and International Litigation Funding Partners.

Maurice Blackburn is an Australian law firm founded in 1919 by Maurice McCrae Blackburn. He was a distinguished lawyer and a member of State and Federal Parliaments.

From the very beginning, the firm fought cases involving civil liberties underprivileged groups and the rights of ordinary people. Maurice Blackburn's belief in fighting for the rights of its clients continues to this day and is reflected in the cases and the principles by which the firm operates and its results. Maurice Blackburn employs over 1100 staff and is Australia's premier class action law firm.

Maurice Blackburn has recovered in excess of $2.5 billion Australian dollars in damages on behalf of the victims of corporate misconduct. For more details, please visit the Maurice Blackburn website.

 

See who are Maurice Blackburn: https://www.mauriceblackburn.com.au/

 

Very Interesting all about claiming!!!!

[DeltaHedge]

DayTraderDad, on 28 Feb 2021 - 4:55 PM, said:

Did anyone notice Mattress Firm EBITDA gone up over 100% from 2019 to 2020? Not so long ago was bankrupt!!!

So I guess if June doesn’t go well then what next ? This debt burden is just crazy

[DayTraderDad]

Did anyone notice Mattress Firm EBITDA gone up over 100% from 2019 to 2020? Not so long ago was bankrupt!!!

[DayTraderDad]

BEFORE Claims settled 

 

UNIT      EBITDA         Multiple       Value        Shareholding          Value to SNH 

PEPCO         411              10              4110            100.00%                    4110

PEPKOR      558                8              4464              68.00%                    3036

GREENLIT   110                8                880             100.00%                     880

OTHER          20              10                200             100.00%                     200

MF                367               8               2936               49.00%                  1439      

Totals                                                12590                                             9664

 

 

After Claims settled 

 

UNIT        EBITDA       Multiple         Value        Shareholding         Value to SNH 

PEPCO         411               18              7398              100.00%                7398

PEPKOR      558               15               8370               68.00%                 5692

GREENLIT   110               10               1100              100.00%                1100

OTHER          20               10                 200              100.00%                 200

MF               367               12                4404               49.00%                2158

Totals                                                  21472                                         16548

[DayTraderDad]

My take from the fins: 

 

If claims not settled and liquidation takes place (fire sale) I value the total SNH at Eur 9664 mil. However after settlement and debt is restructured I value SNH at Eur 16548 Mil minimum.

 

BEFORE Claims settled UNIT EBITDA Multiple Value Shareholding Value to SNH PEPCO 411 10 4110 100.00% 4110 PEPKOR 558 8 4464 68.00% 3036 GREENLIT 110 8 880 100.00% 880 OTHER 20 10 200 100.00% 200 MF 367 8 2936 49.00% 1439       12590   9664

 

After Claims settled UNIT EBITDA Multiple Value Shareholding Value to SNH PEPCO 411 18 7398 100.00% 7398 PEPKOR 558 15 8370 68.00% 5692 GREENLIT 110 10 1100 100.00% 1100 OTHER 20 10 200 100.00% 200 MF 367 12 4404 49.00% 2158       21472   16548

 

Would appreciate others thoughts.

[Tiekkie]

Joe Biden scores legislative win as House passes $1.9 trillion Covid-19 relief plan https://www.news24.c...f-plan-20210227

[DayTraderDad]

All quite is everyone shocked!!!