15225 replies to this topic

[DayTraderDad]

remember with the settlement earlier this year Dr Wiese wanted to pull out of the deal. Then SNh went to court to force his hand. So I don't think he can now pull out.

It will not surprise me at all if he comes out guns blazing. I think he is getting a bad deal compared to the TT crowed. 

[Squideye]

I hope so if I recall correctly SNH had to run to court to force him to vote positively on the GS agreement. At that time I guess he had no way out so wonder if this now could allow him to jump ship!

We don't know the small print of all the agreements....

[DayTraderDad]

Hopefully Christo and PIC stick to their deal.......
 
Former owners of Tekkie Town do far better than defrauded pension funds and Christo Wiese.
Updated article @ https://www.business...y-within-reach/

I hope so if I recall correctly SNH had to run to court to force him to vote positively on the GS agreement. At that time I guess he had no way out so wonder if this now could allow him to jump ship!

[Tiekkie]

And in other news Fitch moved the country rating from negative to stable. That is positive over all will see good pickup today

[Tiekkie]

Hopefully Christo and PIC stick to their deal.......

Former owners of Tekkie Town do far better than defrauded pension funds and Christo Wiese.
Updated article @ https://www.business...y-within-reach/

remember with the settlement earlier this year Dr Wiese wanted to pull out of the deal. Then SNh went to court to force his hand. So I don't think he can now pull out.

[Squideye]

Hopefully Christo and PIC stick to their deal.......

 

Former owners of Tekkie Town do far better than defrauded pension funds and Christo Wiese.

Updated article @ https://www.business...y-within-reach/

Edited by Squideye, 17 December 2021 - 08:13 AM.

[Tiekkie]

https://www.moneyweb...-global-claims/

I think Dr Wiese pulled rank on these guys and forced there hand to settle.

[Tiekkie]

Thanks Polla, the reason I included the shares was that they will maybe be delivered and SNH will loose the shares and get the money that will deprive the future growth in value of SNH in Pepkor which if one looks not so long ago the share was at R14 levels and now reached R24 its close to 100% growth.

At present Rand exchange SNH will receive Eur 165 mil in 3 years time which is nothing compared with future growth of Pepkor

Maybe I got it all wrong!

https://www.moneyweb...-global-claims/

[DayTraderDad]

DTD, remember Trevo only got share options to purchase over next three years at R24,92….
My guttfeeling is that creditors will finance those purchases to Trevo at special terms, lowering their 100% return of debt…

Thanks Polla, the reason I included the shares was that they will maybe be delivered and SNH will loose the shares and get the money that will deprive the future growth in value of SNH in Pepkor which if one looks not so long ago the share was at R14 levels and now reached R24 its close to 100% growth.

At present Rand exchange SNH will receive Eur 165 mil in 3 years time which is nothing compared with future growth of Pepkor

Maybe I got it all wrong!

[Polla]

DTD, remember Trevo only got share options to purchase over next three years at R24,92….
My guttfeeling is that creditors will finance those purchases to Trevo at special terms, lowering their 100% return of debt…

[Polla]

DTD, remember Trevo only got share options to purchase over next three years at R24,92….
My guttfeeling is that creditors will finance those purchases to Trevo at special terms, lowering their 100% return of debt…

[DayTraderDad]

I did my own high level valuation at present this is what are my thoughts. Would appreciate others thoughts!!!

 

I have excluded all settlement costs and interest just taking into account the main debt.

 

We need a share price rise in PEPCO soonest after the settlement the way I see it.

 

VALUE – Today

SHARES Holding SP RoE SP  Eur                     Eur Value Holding %

PEPCO 453 675 000 48,13 zł 4,64 zł €10,37 €4 705 900 377 78,9%

PEPKOR 2 174 767 527 R 21,70 R 18,10 €1,20 €2 607 317 975 58,8%

GREENLIT €800 000 000

MATTRESS FIRM €1 850 000 000

                                                                                                                Today Value €9 963 218 352

DEBT (MIL)                 -€9 620

Business units value €9 963

CW loan                          €200

Cash €0

NAV €543

Shares in issue 4 200

NAV per Share €0,129

 

AFTER SETTLEMENT

SHARES Holding SP RoE SP Eur Value Holding %

PEPCO                   453 675 000 48,13 zł 4,64 zł €10,37 €4 705 900 377 78,9%

PEPKOR 1 679 995 160 R 21,70 R 18,10 €1,20 €2 014 137 844 45,4%

GREENLIT €800 000 000

MATTRESS FIRM €1 850 000 000

                                                                                                              Today Value €9 370 038 221

DEBT (MIL) -€9 620

Business units value €9 370

CW loan €200

Cash €0

NAV -€50 Negative NAV

Shares in issue 4 200

NAV per Share -€0,012

 

 

[DeltaHedge]

Haha God must have intervened!!!! Maybe money drying up!!! What ever it is a 180 degrees change!!

hes a proper piece of turd that mostert, I am surprised steinies gave in, thought LDP had bigger balls

[Tiekkie]

I wonder if they and their friends buy SNH shares before the handshake?

I think anything is possible with these guys from Stellenbosch.

[DayTraderDad]

they new that they wouldn't win in court. And was just holding out for a better deal. And caused ordinary shareholders unesserry losses

I wonder if they and their friends buy SNH shares before the handshake?

[Tiekkie]

Haha God must have intervened!!!! Maybe money drying up!!! What ever it is a 180 degrees change!!

they new that they wouldn't win in court. And was just holding out for a better deal. And caused ordinary shareholders unesserry losses

[DayTraderDad]

Mostert interview @ https://iono.fm/e/1137852

Haha God must have intervened!!!! Maybe money drying up!!! What ever it is a 180 degrees change!!

Edited by DayTraderDad, 16 December 2021 - 11:51 AM.

[Squideye]

Mostert interview @ https://iono.fm/e/1137852

[Squideye]

DTD

DH

Gaan Mail na...

[DayTraderDad]

Trevo comes at a huge cost… so does TT… but it’s okey …. clean books.. all saved although budget down… now the good news will start building the booms…

I agree now we can focus of SNH value which will take time to build up.

Due to these costs and the fact that Pepco not giving dividends I am wondering if they have enough cash. Maybe need to sell more shares of either Pepco or Pepkor.