15225 replies to this topic

[DayTraderDad]

Hello gents

 

I've been following the forum for about a year now and I can longer refrain from adding my 2 cents:) So I finally registered. DTD I read this article and the final point right at the end left me somewhat confused - "EBIT and PBT are stated on an underlying basis, excluding exceptional costs associated with the potential separation of Pepco Group from the Steinhoff Group" Do Pepco plan on separating from Steinhoff? And wouldn't this be disatrous for them moving forward?

BraH there is talk and my opinion there strong possibility of  IPO for PEPCO. Last year was talked of E4.5 bil but has the EBITDA is growing at 14% by 2023 it should be over E6 bil.

[andi222]

I’m surprised by the panic after breaking 90c. It’s not like we haven’t seen these levels before, MRP (who everyone raves about having such a good balance sheet) is also trading around April levels.

 

If SNH didn’t tank during the peak of the pandemic, why would it now. In fact every time we got down to 80, buyers stepped in. In my opinion, 50, 40, 30....that’s a long way down without extremely bad news.

May need to call on Robinhood Traders if we get down to those levels

 

Steinhoff will be excluded again from the SDAX- So I think the last two days all the Index reflecting the SDAX had to re balance and sell Steinhoff shares. Luckily there where enough potential buyers. 

 

I really hope they will give us an update soon regarding the litigation. One positive aspect to note is that the provision was still raised in the half year financials issued today. So as of today the proposal is still likely to be accepted. 

[andi222]

I’m surprised by the panic after breaking 90c. It’s not like we haven’t seen these levels before, MRP (who everyone raves about having such a good balance sheet) is also trading around April levels.

 

If SNH didn’t tank during the peak of the pandemic, why would it now. In fact every time we got down to 80, buyers stepped in. In my opinion, 50, 40, 30....that’s a long way down without extremely bad news.

May need to call on Robinhood Traders if we get down to those levels

 

Steinhoff will be excluded again from the SDAX- So I think the last two days all the Index reflecting the SDAX had to re balance and sell Steinhoff shares. Luckily there where enough potential buyers. 

 

I really hope they will give us an update soon regarding the litigation. One positive aspect to note is that the provision was still raised in the half year financials issued today. So as of today the proposal is still likely to be accepted. 

[KP7]

I’m surprised by the panic after breaking 90c. It’s not like we haven’t seen these levels before, MRP (who everyone raves about having such a good balance sheet) is also trading around April levels.

 

If SNH didn’t tank during the peak of the pandemic, why would it now. In fact every time we got down to 80, buyers stepped in. In my opinion, 50, 40, 30....that’s a long way down without extremely bad news.

May need to call on Robinhood Traders if we get down to those levels

[BradH]

No need for Coronation to attend they alreay have a director on the board of Steinhoff!!!!

 

STANME, besides DTD's relevant point above, whether you are homeless, Coronation or Warren Buffet, 100 million is a vast sum of money! The terms 'millions, 'billions' and even 'trillions' are so casually thrown about these days by media and most especially our govt. that society has become desensitised to the value of these significant amounts. I assure you, anyone who has 100 million invested anywhere is concerned about their position and future plans.  

[BradH]

Interesting reading: https://www.pepcogro...interim-results

 

Hello gents

 

I've been following the forum for about a year now and I can longer refrain from adding my 2 cents:) So I finally registered. DTD I read this article and the final point right at the end left me somewhat confused - "EBIT and PBT are stated on an underlying basis, excluding exceptional costs associated with the potential separation of Pepco Group from the Steinhoff Group" Do Pepco plan on separating from Steinhoff? And wouldn't this be disatrous for them moving forward?

[Shi]

https://www.sharenet...0&seq=10&scode=

 

STEINHOFF INVESTMENT HOLDINGS LIMITED - Unaudited And Unreviewed Interim Results For The Six Months Ended 31 March 2020

Edited by Shi, 03 September 2020 - 11:35 AM.

[DayTraderDad]

Corronation holding R100 million is like cents for them. They don't care anymore about this. That is why none of them attended the AGM. We are the ones that are being prejudiced. Louis is serving the interest of the parties that matter to him. The litigants and creditors. We are not on his agenda.

No need for Coronation to attend they alreay have a director on the board of Steinhoff!!!!

[Zanme]

Corronation holding R100 million is like cents for them. They don't care anymore about this. That is why none of them attended the AGM. We are the ones that are being prejudiced. Louis is serving the interest of the parties that matter to him. The litigants and creditors. We are not on his agenda.

[Investment novice]

Sure there is lots to learn Hugo Nelson is director at SNH and Coronation yet Coronation Fund Managers Ltd 112 865 281 have these share. Very intersting why hold this if SNH going to ZERO

Share price due to sentiment and jitteriness of large individual ownership and with anxiety this can go anywhere....

Not many shares obeying fundamentals....seems driven by anxiety or opportunism.....but ling term pricing will be based on value...

[DayTraderDad]

South African companies need to learn

Sure there is lots to learn Hugo Nelson is director at SNH and Coronation yet  Coronation Fund Managers Ltd 112 865 281 have these share. Very intersting why hold this if SNH going to ZERO

[Zanme]

South African companies need to learn

[Zanme]

https://www.business...s-shares-2020-9

[DayTraderDad]

Shareholding as per AMF:https://www.afm.nl/e...le-deelnemingen

 

Invesco Limited 13 609 Investec Asset Management Limited 123 813 933 Coronation Fund Managers Ltd 112 865 281 BlackRock, Inc. 100 119 144 Bank of America Corporation 106 265 922 J.N.S.  Du Plessis 838 582 K.J.  Grove 1 540 283 F.J.  Nel 2 308 727 Business Venture Investments No 1499 (Pty) Ltd. 43 229 864 S.J.  Grobler 4 768 510 M.  Nel 435 739 D.M. van der Merwe 5 049 622 A.B.  La Grange 1 900 576 P.  Pohlmann 9 023 429 Public Investment Corporation SOC Ltd 426 970 560 GIC Private Limited 127 140 500 Citigroup Inc. 1 108 687 Steinhoff Sikhulasonke Investments (RF) Proprietary Ltd. 40 377 900 M.J.  Jooste 68 247 244

[andi222]

Nope they can't suspend in Germany.

And they have issued the AFS. I have no idea why shareholders have voted against the AFS. I mean it is what it is.
Only consequence is that the company is not allowed to pay dividends or purchase their owns shares. So we will just have to wait till next year. Hopefully a larger group of shareholders will be present because 13% was an absolute joke to be honest

Sent from my SM-G973F using Sharenet Sharechat mobile app

[DeltaHedge]

Can they suspend the shares in Germany if there are no AFS’s ? Technically there are no AFS’s as they have not been approved by shareholders as we know.

Andi, do you have insight on this ?

Edited by DeltaHedge, 02 September 2020 - 04:21 PM.

[Everlearning]

Yip, sorry gents, overlooked that Clearstream is the Frankfurt Exchange. Notwithstanding though, there were 23,4% at the last 2019 AGM, now only about 'half' that. VERY strange this year given the noise from the many disgruntled shareholders!

 

Something is in the air !!!

[andi222]

Hi Everlearing,

 

Clearstream is just a gateway for European private investors to buy shares. These are mostly private small investors unfortunately. 

 

PIC is currently the largest shareholder with around 370 Mil shares. You could clearly see this at the AGM as they were the ones abstaining to cast their vote on the financials.

 

The second biggest shareholder currently is Vanguard with around 120 Mil shares. 

 

All the rest are small private investors or some ETF which are linked to some Index. 

 

Christo wiese has sold almost everything due to margin calls from banks.

 

 

[Polla]

 

Hi Andi,

 

Agree that is is strange only 13% of shareholders "attended" that AGM. Or, maybe it is not strange but 'planned' ???

 

Below is the Shareholding of the Top 10 as at 31 July which represents 87.4% of the total issued shares which are really the big 'Guys'.There are still institutions that hold equity outside the Top 10. Further, If there is any significant shareholding movement, it needs to be reported to the JSE and we would know about it.

 

So, here's my theory, the reason most of the big guys did not attend was that they ALREADY had insight into what was going to be discussed as most of them are Claimants and have for 'all intent' in princilple they have already agreed to the proposed settlement which now just needs to be wrapped up so it can be announced. They propbably decided it was not neccesary to attend or, their presence and the way they would be expected to vote could have confilcted with the proposed intended outcomes. WHY else would they not have been there given the future interest of their claims lies in what happens in the Company (unless already agreed upon).

 

Gents, I think we going to hear an announcement within the next week or two, just my view!!!

 

 

STEINHOFF INTERNATIONAL HLDG N.V. Shares Held    Change in Shares Held   7/31/2020   Shares Held 6/26/2020           CLEARSTREAM BANKING S.A LUXEMBOURG 3,078,356,620   108,948,237 2,969,408,383 GOVERNMENT EMPLOYEES PENSION FUND PUBLIC INVESTMENT CORPORATION 273,897,828   0 273,897,828 GOVERNMENT EMPLOYEES PENSION FUND PUBLIC INVESTMENT CORPORATION SECLEN 54,964,001   0 54,964,001 TITAN PREMIER INVESTMENTS (PTY) LTDPLEDGED ACCOUNT - T PREF 53,451,752   -66,153,908 119,605,660 LANCASTER 101 PTY LTD CITI 51,526,717   0 51,526,717 STEINHOFF INTERNATIONAL HOLDINGS NV 40,118,093   0 40,118,093 STEINHOFF AFRICA HOLDINGS PTY LTD 33,995,232   0 33,995,232 BUS VEN INVEST NO 1499 (PTY) LTD (P 32,853,379   -4,399,745 37,253,124 JPMC-VANGUARD BBH LENDING ACCOUNT 25,574,575   -27,994,903 53,569,478 SIX SIS LTD 19,223,642   220,000 19,003,642 Top Ten Shareholders  3,663,961,839 87.4%   3,653,342,158           Total Shares in Issue 4,191,756,801 100%   4,191,756,801           Total Share Held 'Below Top 10' 527,794,962 12.6%   538,414,643

 

Hi Everlearning, just one mistake that I see with your reasoning.  "Clearstream Banking SA Luxembourg" is actually the shares that trade on the Frankfurt exchange... That is approx 73% of total shares issued and we don't really know who owns them.  The top 10 on the JSE would actually then be the top 9 if you exclude Clearstream and would own about 13.9% of total sharholding as at the end of July.....

[Everlearning]

Hi Andi,

 

Agree that is is strange only 13% of shareholders "attended" that AGM. Or, maybe it is not strange but 'planned' ???

 

Below is the Shareholding of the Top 10 as at 31 July which represents 87.4% of the total issued shares which are really the big 'Guys'.There are still institutions that hold equity outside the Top 10. Further, If there is any significant shareholding movement, it needs to be reported to the JSE and we would know about it.

 

So, here's my theory, the reason most of the big guys did not attend was that they ALREADY had insight into what was going to be discussed as most of them are Claimants and have for 'all intent' in princilple they have already agreed to the proposed settlement which now just needs to be wrapped up so it can be announced. They propbably decided it was not neccesary to attend or, their presence and the way they would be expected to vote could have confilcted with the proposed intended outcomes. WHY else would they not have been there given the future interest of their claims lies in what happens in the Company (unless already agreed upon).

 

Gents, I think we going to hear an announcement within the next week or two, just my view!!!

 

 

STEINHOFF INTERNATIONAL HLDG N.V. Shares Held    Change in Shares Held   7/31/2020   Shares Held 6/26/2020           CLEARSTREAM BANKING S.A LUXEMBOURG 3,078,356,620   108,948,237 2,969,408,383 GOVERNMENT EMPLOYEES PENSION FUND PUBLIC INVESTMENT CORPORATION 273,897,828   0 273,897,828 GOVERNMENT EMPLOYEES PENSION FUND PUBLIC INVESTMENT CORPORATION SECLEN 54,964,001   0 54,964,001 TITAN PREMIER INVESTMENTS (PTY) LTDPLEDGED ACCOUNT - T PREF 53,451,752   -66,153,908 119,605,660 LANCASTER 101 PTY LTD CITI 51,526,717   0 51,526,717 STEINHOFF INTERNATIONAL HOLDINGS NV 40,118,093   0 40,118,093 STEINHOFF AFRICA HOLDINGS PTY LTD 33,995,232   0 33,995,232 BUS VEN INVEST NO 1499 (PTY) LTD (P 32,853,379   -4,399,745 37,253,124 JPMC-VANGUARD BBH LENDING ACCOUNT 25,574,575   -27,994,903 53,569,478 SIX SIS LTD 19,223,642   220,000 19,003,642 Top Ten Shareholders  3,663,961,839 87.4%   3,653,342,158           Total Shares in Issue 4,191,756,801 100%   4,191,756,801           Total Share Held 'Below Top 10' 527,794,962 12.6%   538,414,643