15225 replies to this topic

[Zeebo]

👍🏽

[Squideye]

I seriously hope this gets tackled at the next analyst presentation. Company cannot afford more fines and revenue leakage on top of a debt mountain and looming rate hikes.

It’s starting to feel like investors were lured to stay in till the settlement with no real plan for the beyond
 

 

This morning I've mailed the regulatory authority for clarification. Let's hope they will reply..

[Zeebo]

I seriously hope this gets tackled at the next analyst presentation. Company cannot afford more fines and revenue leakage on top of a debt mountain and looming rate hikes.

It’s starting to feel like investors were lured to stay in till the settlement with no real plan for the beyond🤬

Conflicting statements...???

[Squideye]

  Conflicting statements...???

Attached Files

•  20220717.pdf   97.2KB   17 downloads

[Squideye]

all SNH companies doing well...but none of them has a share price going up.....so the debt thing is a handbrake....

Not just a handbrake. It's jacked and stands on bricks...Fortunately, all coppers are still fitted...

Edited by Squideye, 14 July 2022 - 03:56 PM.

[Africa1962]

 

Pepco Group N.V. – Q3 Trading Announcement

https://www.pepcogro...g-announcement/

 

Q3 Trading Update Call on Thursday July 14 at 08:30 BST (09:30 CET)

https://security-eu....fb-a77293445449

 

 

all SNH companies doing well...but none of them has a share price going up.....so the debt thing is a handbrake....

[Squideye]

Pepco Group N.V. – Q3 Trading Announcement

https://www.pepcogro...g-announcement/

 

Q3 Trading Update Call on Thursday July 14 at 08:30 BST (09:30 CET)

https://security-eu....fb-a77293445449

Attached Files

•  Q3_Trading_Update_FINAL.pdf   214.36KB   7 downloads

[Squideye]

Die Duitse finansiëledienste-owerheid het Steinhoff met byna R200 miljoen beboet.

 

https://www.netwerk2...r200-m-20220713

Edited by Squideye, 13 July 2022 - 04:39 PM.

[Squideye]

BaFin Administrative Fine @ https://www.sharenet...0&seq=24&scode=

[Squideye]

Analyst Day @ https://www.sharenet...0&seq=12&scode=

[Squideye]

  Problems with the planned sale of Aussie assets...

Attached Files

•  20220712.pdf   1.62MB   12 downloads

[Zeebo]

Thanks.
All very positive but until the debt burden is significantly reduced, it’s going to be a very slow march in the next 1-3 years I feel.

Expansions...

[Squideye]

Expansions...

Attached Files

•  20220711.pdf   2.12MB   19 downloads

[DayTraderDad]

 

Steinhoff bied SA belange as sekuriteit vir miljarde se skuld. Steinhoff Investment (SIHL) word beskryf as die voertuig wat die groep se bates in Afrika besit – insluitend die aandeelhouding in Pepkor.

 

https://www.netwerk2...-skuld-20220624

 

Dont have access what is the highlight?

[Zeebo]

So the ride continues.
With the interest rate hike mountains looming, this is not looking good.
Let’s hope LDP and others have a plan other than selling or pledging more assets or issuing shares, all of which comes at loss of value to ordinary shareholders.

[Squideye]

Steinhoff bied SA belange as sekuriteit vir miljarde se skuld. Steinhoff Investment (SIHL) word beskryf as die voertuig wat die groep se bates in Afrika besit – insluitend die aandeelhouding in Pepkor.

 

https://www.netwerk2...-skuld-20220624

[Trader001]

STEINHOFF INVESTMENT HOLDINGS LIMITED – Unaudited Interim Results For The Six Months Ended 31 March 2022 17 June 2022   11:30

Unaudited Interim Results For The Six Months Ended 31 March 2022

Steinhoff Investment Holdings Limited

(Incorporated in the Republic of South Africa)

(Registration number: 1954/001893/06)

JSE Code: SHFF

ISIN: ZAE000068367

(“Steinhoff Investments”, “Company” or the “Group”)

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2022

1. SALIENT FEATURES

• Revenue from continuing operations, comprising Pepkor Holdings only, increased by 3.3% to

R42.0 billion from R40.7 billion in the comparative period.

• Operating profit from continuing operations, before other material expenses, increased by

15.6% from a profit of R4.5 billion to a profit of R5.2 billion.

• Operating profit from continuing operations (EBIT), after other material expenses, improved

by 221% from R5.4 billion to a profit of R17.2 billion.

• The majority of the Group’s litigation settlement provision was settled during the period.

The Steinhoff Investments share of the settlement consisted of R8.6 billion in cash and R6.9

billion in Pepkor Holdings shares. The balance was paid by the holding company, Steinhoff

International Holdings N.V.

• The derecognition of the Steinhoff Investments CPU and the recognition and subsequent

remeasurement of the S155 Settlement Note with limited recourse resulted in a net gain of

R17.5 billion.

• Headline earnings per share improved from 4 890.90 cents to 26 636.31 cents.

• Basic earnings per share improved from 4 941.81 cents to 26 543.59 cents.

• On 24 March 2022, the Board declared a gross dividend of 293.55308 cents per preference

share, which was paid on 25 April 2022.

2. OVERVIEW

Steinhoff Investments is a wholly-owned subsidiary of Steinhoff International Holdings N.V. and is the

issuer of variable rate, cumulative, non-redeemable, non-participating preference shares with a

capital value of R1.5 billion. The preference shares are listed on the JSE.

The Company’s Condensed Consolidated Interim Financial Statements cover the six-month period

ended 31 March 2022 and also address the material events subsequent to the reporting date up to

the publication date of this report.

3. DIVIDEND DECLARATION – Ordinary shares

On 15 February 2022 the Company declared a gross ordinary dividend of R8.7 billion paid to Steinhoff

International Holdings N.V.

4. SHORT-FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the directors of the Company. It is only a

summary of the information in the full announcement and does not contain full or complete details.

The Full Announcement can be found at:

https://senspdf.jse....fh/SHFFHY22.pdf

and is also available on Steinhoff International’s website http://www.steinhoffinternational.com or

may be requested in person, at the Company’s registered office or the office of the sponsor, at no

charge, during office hours.

Any investment decisions by investors and/or preference shareholders should be based on

consideration of the full announcement, as a whole.

These results have been prepared under the supervision of TLR de Klerk (director); BCom (Hons), CTA,

HDip (Tax), CFM.

These results have not been audited or reviewed by the company’s auditors.

17 June 2022

JSE Sponsor PSG Capital

Date: 17-06-2022 11:30:00

Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).

The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of

the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,

indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,

information disseminated through SENS.

 

[tiny]

STEINHOFF INVESTMENT HOLDINGS LIMITED - Unaudited Interim Results For The Six Months Ended 31 March 2022

[Zeebo]

Agree.
On the rights issue, I don’t know if can be forced through after the last shoot down.
Seeing what happened with LDP’s remuneration despite the AGM giving it the middle finger, anything is possible I guess.

They should have IPO'd when the market was hot, they lost that window of opportunity.

Rights issue - I thought this was voted against ? This is the most obvious course of action.

Selling core assets would not be good and rights issue would be better.

Not sure why they not being open with market, they have had all the time in the world to plan for debt restructure all while global settlement was taking place.

[DayTraderDad]

They should have IPO'd when the market was hot, they lost that window of opportunity.

Rights issue - I thought this was voted against ? This is the most obvious course of action.

Selling core assets would not be good and rights issue would be better.

Not sure why they not being open with market, they have had all the time in the world to plan for debt restructure all while global settlement was taking place.

Right issue will not work majority of shareholders are short term holders. Plus FED looking at increasing 3 % in repo rate so  MF will have to pay higher interest on the loan they took to pay dividends.