Steinhoff
#9501
Posted 03 April 2019 - 02:12 PM
#9502
Posted 03 April 2019 - 02:04 PM
#9503
Posted 03 April 2019 - 02:02 PM
#9504
Posted 03 April 2019 - 01:59 PM
#9505
Posted 03 April 2019 - 01:26 PM
Never punting any figures of information just vague statements.
#9506
Posted 03 April 2019 - 01:24 PM
is because they will be working together.
The law dictates that a Company has the ability/responsibility to sue/claim losses from director that commit
irregularities/fraud.
So my take SNH going to reach agreement with VEB that they will get all the moneys that SNH get from the directors
thus avoiding a long litigation to try get some money from the company.
This would be the best option because its that money that directors lost that made the shareholders loose their money.
#9507
Posted 03 April 2019 - 01:21 PM
Tom I guess you referring to this statement on the SENSE:
"Pepkor Europe Limited
The Company is preparing to launch a consent request under the Lock-Up Agreement that
will allow Pepkor Europe Limited and its subsidiaries (the "Pepkor Europe Group") to, amongst
other things, refinance certain existing credit facilities, repay certain intragroup loans, incur
additional debt and engage in a refinancing where one of the arrangers is a well-known
international bank, signalising a normalisation of the Pepkor Europe Group's financing
arrangements."
If yes then this is the preparation for the separation of independence of PEPKOR Europe from SEAG and SFHG.
They doing the very same that PEPKOR SA did went to borrow its own money.
By the way the same was done to Greenlit Brands anf Mattress Firm.
Read the post from Captain he explained very well about listing of PEPKOR
You keep on bouncing on the interest rate of 10% etc. The reality they want to restructure only E7.7 Bil
If they list PEPKOR Europe and sell 49% they should make E1.8 bil so debt would come down to E5.4 Bil.
They talking about selling Conforama properties for E800 mil and Hemisphere for E380 mil when completed that would reduce
the debt to E4.7 Bil.
There is talk of IPO of Greenlit brands so I assume they will get E200 mil so the debt would then be E4.5 Bil.
I believe that each unit will be responsible for a certain amount of debt and then expect that SNH will retain E2 bil.
That would be E120 mil per year interest payment at 6%
In view that at present there is a prospect of interest rate falling quite sure SNH will be able to refinance the debt to much lower
rate.
Anyway this is my stupid thoughts!!!
Dream on.
Edited by Tom, 03 April 2019 - 01:22 PM.
#9508
Posted 03 April 2019 - 01:18 PM
"Pepkor Europe Limited
The Company is preparing to launch a consent request under the Lock-Up Agreement that
will allow Pepkor Europe Limited and its subsidiaries (the "Pepkor Europe Group") to, amongst
other things, refinance certain existing credit facilities, repay certain intragroup loans, incur
additional debt and engage in a refinancing where one of the arrangers is a well-known
international bank, signalising a normalisation of the Pepkor Europe Group's financing
arrangements."
If yes then this is the preparation for the separation of independence of PEPKOR Europe from SEAG and SFHG.
They doing the very same that PEPKOR SA did went to borrow its own money.
By the way the same was done to Greenlit Brands anf Mattress Firm.
Read the post from Captain he explained very well about listing of PEPKOR
You keep on bouncing on the interest rate of 10% etc. The reality they want to restructure only E7.7 Bil
If they list PEPKOR Europe and sell 49% they should make E1.8 bil so debt would come down to E5.4 Bil.
They talking about selling Conforama properties for E800 mil and Hemisphere for E380 mil when completed that would reduce
the debt to E4.7 Bil.
There is talk of IPO of Greenlit brands so I assume they will get E200 mil so the debt would then be E4.5 Bil.
I believe that each unit will be responsible for a certain amount of debt and then expect that SNH will retain E2 bil.
That would be E120 mil per year interest payment at 6%
In view that at present there is a prospect of interest rate falling quite sure SNH will be able to refinance the debt to much lower
rate.
Anyway this is my stupid thoughts!!!
#9509
Posted 03 April 2019 - 12:58 PM
Thank you as usual too vague don't want to put facts. Now hiding behind that I am lazy. Hahaha
Ok let me explain what happened to SNH. Imagine you go a buy a house then take a bond from the bank for 20 years with a condition you are employed.
So this means you have long term debt then unfortunately you loose your job the bank hears that and wants his money back immediately because you
broke the requirement of being employed.
Well if you don't have the money and want to keep the house you need to go and see the bank or get people that will help you to restructure your
debt so that you can keep the house.
You don't seem to understand (or maybe for sensation refuse to accept) what this restructure is for. SNH management have said over and over this restructure
is needed to avoid fire sale of assets and allow sufficient time to restructure the company.
Suggest you go and buy the book "Accounting for Dummy's"
So they're trying to solve a problem with a problem (dragging a dead horse).
As it stands now Steinhoff couldn't service the previous 5% interest rate, so how will they pay the new 10% on bigger loans, if their retails business itself cannot make such money, and it's been more than 15 months and they're still having liquidity problems, and no signs of any of the "turn around opportunities" they talked about in 2018.
When a guy lose his job, he still has a chance to find a new one (depends on circumstances), but when it comes to Stainhoff, it's a different story
Edited by Tom, 03 April 2019 - 01:03 PM.
#9510
Posted 03 April 2019 - 12:52 PM
#9511
Posted 03 April 2019 - 12:47 PM
Go do your homework instead of being lazy and ask people to teach you how to read, and how to find information that matters.
"restructuring" doesn't always mean a good thing, increasing debt levels and restating the interest from 5% to 10% isn't a good thing. And keep posting that it's a good thing, doesn't make it a good thing.
Thank you as usual too vague don't want to put facts. Now hiding behind that I am lazy. Hahaha
Ok let me explain what happened to SNH. Imagine you go a buy a house then take a bond from the bank for 20 years with a condition you are employed.
So this means you have long term debt then unfortunately you loose your job the bank hears that and wants his money back immediately because you
broke the requirement of being employed.
Well if you don't have the money and want to keep the house you need to go and see the bank or get people that will help you to restructure your
debt so that you can keep the house.
You don't seem to understand (or maybe for sensation refuse to accept) what this restructure is for. SNH management have said over and over this restructure
is needed to avoid fire sale of assets and allow sufficient time to restructure the company.
Suggest you go and buy the book "Accounting for Dummy's"
#9512
Posted 03 April 2019 - 12:36 PM
Better, previous post aligned.
STEINHOFF INTERNATIONAL HLDG N.V. Shares Held 2019/03/29 Change in Shares Held Shares Held 2019/02/22
CLEARSTREAM BANKING S.A LUXEMBOURG 2,473,993,919 46,556,324 2,427,437,595
GOVERNMENT EMPLOYEES PENSION FUND PUBLIC INVESTMENT CORPORATION 273,897,828 0 273,897,828
TITAN PREMIER INVESTMENTS (PTY) LTD 246,108,350 0 246,108,350
JPMC-OPPENHEIMER LENDING ACCOUNT 115,822,130 0 115,822,130
SSBTC CLIENT OMNI NON LUX OM01 63,932,049 10,154,632 53,777,417
LANCASTER 101 PTY LTD CITI 51,526,717 0 51,526,717
BUS VEN INVEST NO 1499 (PTY) LTD (P 42,729,864 0 42,729,864
STEINHOFF INTERNATIONAL HOLDINGS NV 40,118,093 0 40,118,093
JPMC-VANGUARD BBH LENDING ACCOUNT 34,431,394 20,841,689 13,589,705
STEINHOFF AFRICA HOLDINGS PTY LTD 33,995,232 0 33,995,232
Edited by Bubble, 03 April 2019 - 12:40 PM.
#9513
Posted 03 April 2019 - 12:35 PM
Thanks Tom in view that I am too thick to read and understand can you kindly post the section where they state that?
From what I read is they are restructuring the PEPKOR Europe debt which to my thinking is before listing it in the UK.
Edited by Tom, 03 April 2019 - 12:38 PM.
#9514
Posted 03 April 2019 - 12:34 PM
#9515
Posted 03 April 2019 - 12:34 PM
Hi Bubble can you post the March shareholders?
#9516
Posted 03 April 2019 - 12:32 PM
STEINHOFF INTERNATIONAL HLDG N.V. Shares Held 2019/03/29 Change in Shares Held Shares Held 2019/02/22 CLEARSTREAM BANKING S.A LUXEMBOURG 2,473,993,919 46,556,324 2,427,437,595 GOVERNMENT EMPLOYEES PENSION FUND PUBLIC INVESTMENT CORPORATION 273,897,828 0 273,897,828 TITAN PREMIER INVESTMENTS (PTY) LTD 246,108,350 0 246,108,350 JPMC-OPPENHEIMER LENDING ACCOUNT 115,822,130 0 115,822,130 SSBTC CLIENT OMNI NON LUX OM01 63,932,049 10,154,632 53,777,417 LANCASTER 101 PTY LTD CITI 51,526,717 0 51,526,717 BUS VEN INVEST NO 1499 (PTY) LTD (P 42,729,864 0 42,729,864 STEINHOFF INTERNATIONAL HOLDINGS NV 40,118,093 0 40,118,093 JPMC-VANGUARD BBH LENDING ACCOUNT 34,431,394 20,841,689 13,589,705 STEINHOFF AFRICA HOLDINGS PTY LTD 33,995,232 0 33,995,232Hi Bubble can you post the March shareholders?
#9517
Posted 03 April 2019 - 12:26 PM
They have published this information, you're just too idiot and stupid to know about it.
That confirms my suspensions that you are blind minded when it comes to SNH.
"DayTraderDad" is also an idiot.
Thanks Tom in view that I am too thick to read and understand can you kindly post the section where they state that?
From what I read is they are restructuring the PEPKOR Europe debt which to my thinking is before listing it in the UK.
#9518
Posted 03 April 2019 - 12:23 PM
#9519
Posted 03 April 2019 - 12:20 PM
Thanks I like being in a circus because would go mad listing to troll comments with no meaning.
TOM I ask you this again how do you have access to Steinhoff bank statements?
If you don't you are a liar because its your own guess that have no money.
You have absolutely no idea what is happening behind the seen and keep on putting the idea forward that SNH is bankrupt without even understanding
what doe the work bankrupt means.
You must be totally drunk or sick if you really believe I have any interest to lie people into buying SNH.
Sorry this forum is not that important that will make people part with millions.
They have published this information, you're just too idiot and stupid to know about it.
That confirms my suspensions that you are blind minded when it comes to SNH.
"DayTraderDad" is also an idiot.
Edited by Tom, 03 April 2019 - 12:23 PM.
#9520
Posted 03 April 2019 - 12:11 PM
Thanks I like being in a circus because would go mad listing to troll comments with no meaning.
TOM I ask you this again how do you have access to Steinhoff bank statements?
If you don't you are a liar because its your own guess that have no money.
You have absolutely no idea what is happening behind the seen and keep on putting the idea forward that SNH is bankrupt without even understanding
what doe the work bankrupt means.
You must be totally drunk or sick if you really believe I have any interest to lie people into buying SNH.
Sorry this forum is not that important that will make people part with millions.