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Steinhoff


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#1 Trader001

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Posted Yesterday, 08:18 PM

Vrydagmiddag - nuwe hofstukke...

Reading that pdf, I reach the following conclusion: 

Assume Jan bought Steinhoffs at R40/share he would have received 175000 shares for his R7mil. He now wants to fight for 6c in R1 by getting Steinhoff liquidated ???..that will give him R420k for his R7mil. Now, Jan most likely still has  his 175000 shares. At the current price Jan's shares are already  worth nearly R296k and when it reaches R2.40/share he would have his R420k and  with an upside to recoup even more when the share goes higher !!!.

So me think Jan is not giving it enough thought. 


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#2 DayTraderDad

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Posted Yesterday, 04:38 PM

Vrydagmiddag - nuwe hofstukke...

I hope he has money from other investments his claim is so little all the legal costs will be more than the claim!!!

 

I think the best option for Steinhoff is to take this whole thing to the courts and fight for years. In 2023 sell part of its assets and pay down the debt then fight these characters for years!!!


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#3 Squideye

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Posted Yesterday, 04:23 PM

Vrydagmiddag - nuwe hofstukke...

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#4 Scalptrader

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Posted Yesterday, 01:20 PM

Yup. Solid business that continues to grow in a difficult South African market.

 

Solid business that was " stolen" that continues to grow in a difficult South African market.

 

The ramifications still uncertain going forward.


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#5 Sleepwa123

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Posted Yesterday, 10:19 AM

strong performance again

 

Yup. Solid business that continues to grow in a difficult South African market.


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#6 Squideye

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Posted Yesterday, 10:02 AM

Poundland owner Pepco to create 13,000 jobs over three years @ https://www.reuters....ars-2021-07-23/


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#7 Tiekkie

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Posted Yesterday, 09:58 AM

PEPKOR HOLDINGS LIMITED - Voluntary Trading Update For The Nine Months Ended 30 June 2021 @ https://www.sharenet...0&seq=15&scode=

strong performance again
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#8 Tiekkie

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Posted Yesterday, 09:58 AM

PEPKOR HOLDINGS LIMITED - Voluntary Trading Update For The Nine Months Ended 30 June 2021 @ https://www.sharenet...0&seq=15&scode=


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#9 Squideye

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Posted Yesterday, 09:45 AM

PEPKOR HOLDINGS LIMITED - Voluntary Trading Update For The Nine Months Ended 30 June 2021 @ https://www.sharenet...0&seq=15&scode=


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#10 Zanme

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Posted 21 July 2021 - 02:51 PM


Who knows, maybe Louis will be forced in August to figure out a new wrapping for the settlement "gift"....

"Class Composition Application: Between 4 to 6 August 2021 the Western Cape High Court is scheduled to hear a dispute regarding the composition of the classes proposed in the Section 155 Proposal. SIHPL is opposing the application and believes that the three classes proposed (MPCs, Contractual Claimants and Financial Creditors) have been properly constructed."

https://irhosted.pro....aspx?id=390692


Father Christmas. Maybe that's his real job to take from us and give to his greedy friends. From PWC to Werksmans to Stellenbosch to himself. This guy is the only reason for the current predicament.
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#11 Tiekkie

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Posted 21 July 2021 - 11:58 AM


Who knows, maybe Louis will be forced in August to figure out a new wrapping for the settlement "gift"....

"Class Composition Application: Between 4 to 6 August 2021 the Western Cape High Court is scheduled to hear a dispute regarding the composition of the classes proposed in the Section 155 Proposal. SIHPL is opposing the application and believes that the three classes proposed (MPCs, Contractual Claimants and Financial Creditors) have been properly constructed."

https://irhosted.pro....aspx?id=390692

I think this is also an unnecessary court hearing. Unfortunately what is on the table is according to how you aquire the shares.real waist of time
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#12 Squideye

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Posted 21 July 2021 - 11:12 AM

Don't forget to pay him 70 million annually to do it

Who knows, maybe Louis will be forced in August to figure out a new wrapping for the settlement "gift"....
 
"Class Composition Application: Between 4 to 6 August 2021 the Western Cape High Court is scheduled to hear a dispute regarding the composition of the classes proposed in the Section 155 Proposal. SIHPL is opposing the application and believes that the three classes proposed (MPCs, Contractual Claimants and Financial Creditors) have been properly constructed."
 

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#13 Zanme

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Posted 21 July 2021 - 10:51 AM

How do make R1 milliom. Start with assets of R200 billion and give it to Louis to show you how.


Don't forget to pay him 70 million annually to do it
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#14 Zanme

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Posted 21 July 2021 - 10:50 AM

How do make R1 milliom. Start with assets of R200 billion and give it to Louis to show you how.
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#15 Squideye

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Posted 20 July 2021 - 04:42 PM

......’n Party (wat anoniem wil bly) uit die geledere van die markbeleggers sê die finansiële krediteure kry meer as 100c uit die rand terug, want hul kapitaal plus rente word terugbetaal.
 
Die persoon sê Bozalek se uitspraak bepaal eintlik dié finansiële krediteure moet nou “as normale krediteure gehanteer word omdat die CPU, wat hulle verhef het tot spesiale krediteure, nietig verklaar is”.

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#16 Africa1962

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Posted 20 July 2021 - 11:23 AM

Reasons they don't write about it..

  • the journalists probably do not have access to SNH spokespeople for detail...and rightly so - once you involve the press things will become messy as it becomes their agenda(media) and not SNH's.
  • Journalists are lazy so it is easier to echo chamber TT message of non-support as TT are the only ones who will speak to them. (obviously to drive their agenda)

meanwhile back in the boardroom, the real stuff is happening


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#17 Bubble

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Posted 20 July 2021 - 10:46 AM

so why don't these journalists write about this?

 

Bernard, Braam and Markus play golf together in Oubaai - They still think Markus/Christo is great okes...


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#18 Tiekkie

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Posted 20 July 2021 - 10:39 AM

What all the commentator forgot TT old boys don't own 100% of TT they only own 54% because SNH bought the 46% (in cash) from the UK investment company.

Therefore they cannot get all the business back only the 54%!!! So can anyone believe these people that play with words???

so why don't these journalists write about this?
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#19 DayTraderDad

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Posted 20 July 2021 - 10:19 AM

Haha had to use up all my tissues!!!

What all the commentator forgot TT old boys don't own 100% of TT they only own 54% because SNH bought the 46% (in cash) from the UK investment company.

 

Therefore they cannot get all the business back only the 54%!!! So can anyone believe these people that play with words???


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#20 DayTraderDad

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Posted 20 July 2021 - 10:01 AM

Even it the previous interview with Verster....he never even mentioned the Tekkie Town Court case. Wish they are going to loose...

You need to be very careful for these so called experts they have hidden agendas.


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