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#21 woolhoff

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Posted 08 May 2021 - 01:05 PM

Interesting look what I found: So shareholding of all claimants about 20%!!!

https://www.barentsk...n-barentskrans/


South African Institutions back Steinhoff class action run by BarentsKrans
Many of the largest institutions in South Africa have decided to pursue claims on behalf of their clients and funds that suffered losses as a result of the collapse in the share price of global retailer Steinhoff in December 2017.

The institutions include Abax Investments, Allan Gray, Bateleur Capital, Coronation, Denker, Electus, Eskom, Investec Asset Management, Investec Wealth & Investment, Momentum, Old Mutual, Sanlam, Tantalum Capital, Truffle and Visio Capital.

These institutions, whose clients’ and funds’ holdings collectively represented approximately 20% of the total shareholding in Steinhoff at the time the company’s share price collapsed, are engaging their respective clients. They are informing their clients that they have concluded that the ‘class action’ case being run in the Netherlands by BarentsKrans, is their preferred legal route. The institutions are proposing to their clients that they participate in the BarentsKrans case, which they have concluded is aimed at achieving an outcome that is in their clients’ best interests.

DTD....this is an article from 2018. It indeed does say approximately 20%. Is there however, any chance, that this figure could have somehow increased over the last 3 years with additional shareholders joining the class action? Keep in mind if it surpasses 25% , we are going to be facing some rough seas...this is not going to be good for the share price and thats just my concern..conversely if they dont have the requisite 25% we will see green all the way.Another thought,why would Hamilton oppose the global settlement with such stubborness if they didnt have the requisite numbers knowing well they wouldnt stand a chance in the absence of the 25%? Just playing devils advocate. Your response will be appreciated.

Edited by woolhoff, 08 May 2021 - 01:07 PM.

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#22 woolhoff

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Posted 08 May 2021 - 01:05 PM

See above

Edited by woolhoff, 08 May 2021 - 01:08 PM.

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#23 DayTraderDad

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Posted 08 May 2021 - 12:09 PM

Interesting look what I found: So shareholding of all claimants about 20%!!!

 

https://www.barentsk...n-barentskrans/

 

 

South African Institutions back Steinhoff class action run by BarentsKrans
Many of the largest institutions in South Africa have decided to pursue claims on behalf of their clients and funds that suffered losses as a result of the collapse in the share price of global retailer Steinhoff in December 2017.
 
The institutions include Abax Investments, Allan Gray, Bateleur Capital, Coronation, Denker, Electus, Eskom, Investec Asset Management, Investec Wealth & Investment, Momentum, Old Mutual, Sanlam, Tantalum Capital, Truffle and Visio Capital.
 
These institutions, whose clients’ and funds’ holdings collectively represented approximately 20% of the total shareholding in Steinhoff at the time the company’s share price collapsed, are engaging their respective clients. They are informing their clients that they have concluded that the ‘class action’ case being run in the Netherlands by BarentsKrans, is their preferred legal route. The institutions are proposing to their clients that they participate in the BarentsKrans case, which they have concluded is aimed at achieving an outcome that is in their clients’ best interests.

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#24 DayTraderDad

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Posted 08 May 2021 - 12:01 PM

Hi. What portion of pepko will snh hold after listing.
How many shares will be listed for sale...and if fully subscribed how much will snh get from that.

Go to PEPCO Group websight and download prospectus explains everything.

 

https://www.pepcogroup.eu/investors/


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#25 Squideye

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Posted 08 May 2021 - 11:16 AM

Hi. What portion of pepko will snh hold after listing.
How many shares will be listed for sale...and if fully subscribed how much will snh get from that.

 

https://senspdf.jse....505_S445664.pdf


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#26 Investment novice

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Posted 08 May 2021 - 10:47 AM

Hi. What portion of pepko will snh hold after listing.
How many shares will be listed for sale...and if fully subscribed how much will snh get from that.
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#27 Squideye

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Posted 08 May 2021 - 10:28 AM

Kol. Katlego Mogale, woordvoerder van die Valke, het op vrae in verband met die jongste bewerings van bedrog en geldwassery wat teen Jooste ondersoek word, gesê dit maak deel van die ondersoek na Steinhoff uit

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#28 Squideye

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Posted 07 May 2021 - 12:22 PM

Pepco has said it will also repay all the loan arrangements between it and Steinhoff in full ahead of its listing. And even if Steinhoff were declared insolvent – a worst-case scenario if it doesn't successfully push through a multi-billion-rand settlement proposal with litigants – Pepco says it will survive @ https://www.news24.c...isting-20210507


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#29 Squideye

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Posted 06 May 2021 - 05:38 PM

GT Ferreira, ander steun ook nou Steinhoff-skikkin @ https://docdro.id/pFY6thc

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#30 DayTraderDad

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Posted 06 May 2021 - 11:19 AM

Good idea...was thinking of dumping this morning and take the pain

The part my friend Sidney Vianello has not twigged yet:

 

PEPCO  Shares Issued: 575,000,000
EBITDA (in 5 years time): €1,000,000,000
Multiple :12
Value of PEPCO:  €12,000,000,000
NAV per share €20.87
SNH Holding value of PEPCO: €9,129,531,485
 
So PEPCOR value in 5 years covers all the Corporate debt and then what about MF, PEPKOR and GB value??

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#31 Tiekkie

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Posted 06 May 2021 - 10:46 AM

Relax go fishing for a couple of days or sit on your hands.

People are forgetful:

SNH Share Performance:

6 Months: +150.11 %
YTD: +87.99 7%
1 Year: +106.455 %

Good idea...was thinking of dumping this morning and take the pain
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#32 DayTraderDad

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Posted 06 May 2021 - 10:10 AM

I guess its same old same old with the price....Like it's been for the last few years...good news no movement... bad news dump

Relax go fishing for a couple of days or sit on your hands.

 

People are forgetful:

 

SNH Share Performance:

 

6 Months: +150.11 %

YTD: +87.99 7%

1 Year: +106.455 %


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#33 Squideye

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Posted 06 May 2021 - 09:41 AM

The Hawks @ https://docdro.id/E2jIGhX


Edited by Squideye, 06 May 2021 - 09:44 AM.

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#34 Tiekkie

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Posted 05 May 2021 - 06:01 PM

I guess its same old same old with the price....Like it's been for the last few years...good news no movement... bad news dump
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#35 Africa1962

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Posted 05 May 2021 - 03:34 PM

If the litigation settles,then this share price will improve with this cash,

if today is DDay for claimants to vote, does anyone know when the results will be released....I am assuming if the vote is bad...price will go back to... dare I say it...50c


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#36 Olymphia

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Posted 05 May 2021 - 01:42 PM

If the litigation settles,then this share price will improve with this cash,
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#37 Tolly12

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Posted 05 May 2021 - 11:22 AM

How does this look for steinhoff

 

Steinhoff should obtain about 1 Billion € from this IPO (17,5% of 5.5 Bil. €).

This cash sholud be used to reduce net debt from current 9.6 Bil € to 8.6 Bil €.

 

Steinhoff will continue to have more then 80% of Pepco.

 

So with this IPO Steinhoff balance figures won't change dramatically.

 

The swap Debt/Equity I think will be an end of 2021 news, when also litigation will be settled.


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#38 Olymphia

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Posted 05 May 2021 - 10:38 AM

Extract from the SENS announcement:
The price range implies an equity value of Pepco Group of PLN
21,850,000,000 to PLN 26,450,000,000 (EUR 4,800,445,000 to EUR 5,811,065,000). The amount of offered shares may be increased by way of an over-allotment option up to a maximum of 15,407,767
shares. The final amount of shares and the offer price are expected to be determined and published on or about 14 May 2021.


How does this look for steinhoff
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#39 Olymphia

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Posted 05 May 2021 - 10:38 AM

Extract from the SENS announcement:
The price range implies an equity value of Pepco Group of PLN
21,850,000,000 to PLN 26,450,000,000 (EUR 4,800,445,000 to EUR 5,811,065,000). The amount of offered shares may be increased by way of an over-allotment option up to a maximum of 15,407,767
shares. The final amount of shares and the offer price are expected to be determined and published on or about 14 May 2021.


How does this look for steinhoff
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#40 Olymphia

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Posted 05 May 2021 - 10:37 AM

Can someone please help explain how this is going to change the share price for steinhoff
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