15225 replies to this topic

[Africa1962]

Peter Wakkie should have stood up and given that SDK c*nt a real poesklap...

 

I think the sentiment was that "We dont care how difficult it is" ...go back and find a better plan

[Squideye]

skip through ad go to the end where SDK accuses them of fraud and that he does not feel F all for how hard this has been on Louis and team......watch the faces 

 

Peter Wakkie should have stood up and given that SDK c*nt a real poesklap...

[Squideye]

  The Steinhoff uprising - and the rare benefit of being a small investor @ https://www.news24.c...vestor-20230324

[Africa1962]

  BTW, the AGM video is now viewable @ https://streams.nfgd...inhoff-agm-2023

 

skip through ad go to the end where SDK accuses them of fraud and that he does not feel F all for how hard this has been on Louis and team......watch the faces 

[Squideye]

  BTW, the AGM video is now viewable @ https://streams.nfgd...inhoff-agm-2023

[Africa1962]

here is a good article on creditors that buy up distressed company debt

 

https://online.hbs.e...-debt-investing

 

The three things distressed debt investors look for when assessing companies to invest in are:

1. Financial distress - 
2. A successful business model
3. An in-demand product or service

 

as you can see Steinnies is a perfect investment for them....bankruptcy is the preferred option for these guys...so shareholders have played into their hands

[Squideye]

Once mighty Steinhoff nears end of days after shareholders reject debt plan @ https://www.iol.co.z...35-e29afd13dcf8

[Squideye]

Simon Brown on Steinhoff. What now? @ https://dl.iono.fm/e...3399_medium.m4a

[Squideye]

 Luister na Ryk van Niekerk @ https://dl.iono.fm/e...3305_medium.m4a

[Zanme]

...

Finally someone taking on useless Louis and Stellenbosch. Sad day for all his ardent followers.

[Squideye]

...

Attached Files

•  20230323.pdf   146.58KB   11 downloads

[Squideye]

Shareholders dig in their heels, raising the prospect of liquidation @ https://www.business...ructuring-deal/

[Tiekkie]

Steinhoff shareholders have rejected a plan to hand 80% of the group's equity over to financial creditors and delist the group. The retailer's leadership warned it risked a messy bankruptcy if the deal failed to pass. A prominent German investor group said it would rather see Steinhoff in court than back the deal.

https://www.news24.c...om-jse-20230322

does this mean shareholders are willing to back a capital raise? I think its madness liquidate this company...debt just increasing. Creditors must feel the pain like the shareholders

[Squideye]

Steinhoff shareholders have rejected a plan to hand 80% of the group's equity over to financial creditors and delist the group. The retailer's leadership warned it risked a messy bankruptcy if the deal failed to pass. A prominent German investor group said it would rather see Steinhoff in court than back the deal.

 

https://www.news24.c...om-jse-20230322

[Squideye]

  Summary...

Attached Files

•  20230322a.pdf   4.25MB   12 downloads

[Squideye]

Steinhoff nader bankrotskap nadat plan verwerp word. Die besluite moes goedgekeur word om Steinhoff toe te laat om nie die wet oor private herstruktureringsplanne van Nederland in werking te stel nie.

 

https://www.netwerk2...n-stem-20230322

[Africa1962]

  Presi...

overwhelming rejection by shareholders......time for creditors to rethink....or bankrupcy

[Squideye]

  Presi...

Attached Files

•  20230322.pdf   2.12MB   17 downloads

[Squideye]

AGM webcast today at 14:00 @ https://streams.nfgd...inhoff-agm-2023

[Squideye]

  Additional list of shareholder questions and responses...

https://www.steinhof... March 2023.pdf