Jump to content


Photo
* * * * * 4 votes

Steinhoff


  • Please log in to reply
10772 replies to this topic

#41 Olymphia

Olymphia

    Advanced Member

  • Senior Member
  • PipPipPip
  • 255 posts
  • LocationDurban

Posted 05 May 2021 - 10:36 AM

Can someone please help explain how this is going to change the share price for steinhoff
  • 0

#42 Olymphia

Olymphia

    Advanced Member

  • Senior Member
  • PipPipPip
  • 255 posts
  • LocationDurban

Posted 05 May 2021 - 10:35 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.


  • 0

#43 Tiekkie

Tiekkie

    Member

  • Members
  • PipPip
  • 151 posts
  • LocationPort Elizabeth

Posted 05 May 2021 - 10:26 AM

Yes u are correct... So why don't u trade it, u'll make money... I'm on 11 trades, will not go long now... Still too much drama

I am long and I'm still buying as we go along this bumpy road. I started with average price of R8 I'm now down to 2,69.......was in the green a while ago. Then the sudden decline in price again.
  • 0

#44 Lionelza1

Lionelza1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,915 posts

Posted 05 May 2021 - 09:46 AM

I'm not impressed because everytime leading up to good news the price drips 10 to 15%....so we that are not trading the share gets nothing out of it


Yes u are correct... So why don't u trade it, u'll make money... I'm on 11 trades, will not go long now... Still too much drama
  • 0

#45 Tiekkie

Tiekkie

    Member

  • Members
  • PipPip
  • 151 posts
  • LocationPort Elizabeth

Posted 05 May 2021 - 09:19 AM

What a pump... Morning glory haha

I'm not impressed because everytime leading up to good news the price drips 10 to 15%....so we that are not trading the share gets nothing out of it
  • 0

#46 Lionelza1

Lionelza1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,915 posts

Posted 05 May 2021 - 08:42 AM

What a pump... Morning glory haha
  • 0

#47 Sleepwa123

Sleepwa123

    Member

  • Members
  • PipPip
  • 128 posts

Posted 05 May 2021 - 08:22 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.


  • 0

#48 Tiekkie

Tiekkie

    Member

  • Members
  • PipPip
  • 151 posts
  • LocationPort Elizabeth

Posted 05 May 2021 - 08:12 AM

Pepco to start trading this month on Warsaw SE.....interesting to see what the market thinks about that

it will be interesting to see what value the market will put on Pepco...
  • 0

#49 Africa1962

Africa1962

    Member

  • Members
  • PipPip
  • 73 posts

Posted 05 May 2021 - 08:10 AM

Listing Of New Financial Instruments @ https://www.sharenet...0&seq=44&scode=

 

Pepco to start trading this month on Warsaw SE.....interesting to see what the market thinks about that


  • 0

#50 DayTraderDad

DayTraderDad

    The Oracle

  • Members
  • PipPipPipPipPipPipPipPip
  • 2,078 posts

Posted 04 May 2021 - 07:53 PM

I found some information looking definitely Hamilton´s don´t have the 25%. Below the total holding was only 16.8% still allows 8.2% for error margin.

 

Shareholders as at 24 November 2017                                                                                                % of total shares
GOVERNMENT EMPLOYEES PENSION FUND PUBLIC INVESTMENT CORPORATION 7.4%
GOVERNMENT EMPLOYEES PENSION FUND PICIND CAM 0.9%
STANDARD CHARTERED BANK AS TRUSTEE FOR CORO BALANCED PLUS FUND   -COBP 0.8%
OLD MUTUAL LIFE ASSURANCE CO SA 0.7%
LIBERTY LIFE ASS.OF AFRICA LTD 0.7%
STANDARD CHARTERED BANK AS TRUSTEE FOR CORO TOP 20 FUND  -COTTF 0.5%
OLD MUTUAL LIFE ASSURANCE CO SA LTD 0.5%
FOORD BALANCED FUND 0.5%
GOVERNMENT EMPLOYEES PENSION FUND SANLAM INVESTMENT MANAGERS PTY LTD I 0.4%
SBSA ITF NEDG INV OPP FUND 0.3%
SANLAM LIFE INSURANCE LIMITED 0.3%
PIC UIF 0.3%
INVESTEC OPPORTUNITY FUND 0.3%
FOORD EQUITY FUND 0.3%
ALEXANDER FORBES INVESTMENTS LTD FOORD FDL AM 0.3%
SBSA ITF SIS EQ FND – COR 0.2%
SBSA ITF OMUT INV FND 0.2%
SBSA ITF NGI INV RAINMAKER FND 0.2%
PIC – COMP COMM 0.2%
ALLAN GRAY BALANCED FUND 0.2%
ALEXANDER FORBES INVESTMENTS LTD INVESTEC FDL AM 0.2%
ABAX EQUITY PRESCIENT FUND ABAXEQT 0.2%
STANDARD CHARTERED BANK AS TRUSTEE FOR DISC BALANCED FUND- 0.1%
STANDARD CHARTERED BANK AS TRUSTEE FOR CORO EQUITY FUND   -COHGF 0.1%
SBSA ITF SIM GEN EQ FND 0.1%
SBSA ITF SIM BAL FND 0.1%
SBSA ITF PRUD CORE VAL FND 0.1%
SANLAM PRIVATE WEALTH PTY LIMITED 0.1%
MMI GROUP LIMITED 0.1%
INVESTEC EQUITY FUND 0.1%
INV ASS LTD BALANCED FUND 0.1%
ESKOM PENSION FUND ESKPEN 0.1%
ALEXANDER FORBES INVESTMENTS LTD PRUDENTIAL FDL AM 0.1%
ALEXANDER FORBES INVESTMENTS LTD FOORD EQUITY AM 0.1%
 

  • 1

#51 Squideye

Squideye

    Member

  • Members
  • PipPip
  • 155 posts

Posted 04 May 2021 - 05:22 PM

Listing Of New Financial Instruments @ https://www.sharenet...0&seq=44&scode=


  • 0

Everything in the world is only for those who have eyes to see it...


#52 Tiekkie

Tiekkie

    Member

  • Members
  • PipPip
  • 151 posts
  • LocationPort Elizabeth

Posted 04 May 2021 - 04:55 PM

Has your Steinhoff claim been submitted? As deadline nears, now is the time to check https://www.news24.c...-check-20210504
  • 0

#53 Sleepwa123

Sleepwa123

    Member

  • Members
  • PipPip
  • 128 posts

Posted 04 May 2021 - 11:53 AM

I think that the AGMs are a non-event at this point for most shareholders. This can be seen at the low turn out at the AGM.

We are all waiting on baited breath for the settlement to be finalised and it is in the interest of the Hamilton's of the world to vote against AGM resolutions.

They would always be against additional remuneration for management as its less cash in their pockets regardless of the outcome of these events.

 

Have a look at ownership in the attached document. Majority are individuals like you and I. I certainly did not have the time to attend or vote at the AGM so that might play a role.

Attached Files


Edited by Sleepwa123, 04 May 2021 - 11:54 AM.

  • 0

#54 Tiekkie

Tiekkie

    Member

  • Members
  • PipPip
  • 151 posts
  • LocationPort Elizabeth

Posted 04 May 2021 - 11:39 AM

Don't you think that without shareholders support at the AGM's will be the final nail in the coffin for SNH. We need to start engaging with management to get this right. Therefore also the share price dropping?
  • 0

#55 sommerso

sommerso

    Advanced Member

  • Members
  • PipPipPip
  • 292 posts
  • LocationCape Town

Posted 04 May 2021 - 10:07 AM

That is from the simply wall street site. I have seen that. Not sure what they base it on. Somewhere in previous pages of this forum the link was also shared.
  • 0

#56 LarryK

LarryK

    Little Master

  • Members
  • PipPipPipPip
  • 502 posts

Posted 04 May 2021 - 09:51 AM

Can you kindly share the valuation's calculation?

This is what I found on the reddit wesite on the steinhoff chat.


  • 0

#57 Olymphia

Olymphia

    Advanced Member

  • Senior Member
  • PipPipPip
  • 255 posts
  • LocationDurban

Posted 04 May 2021 - 09:42 AM

This is what I found on the reddit wesite on the steinhoff chat.

Attached Files


  • 0

#58 Olymphia

Olymphia

    Advanced Member

  • Senior Member
  • PipPipPip
  • 255 posts
  • LocationDurban

Posted 04 May 2021 - 09:42 AM

This is what I found on the reddit wesite on the steinhoff chat.
  • 0

#59 DayTraderDad

DayTraderDad

    The Oracle

  • Members
  • PipPipPipPipPipPipPipPip
  • 2,078 posts

Posted 04 May 2021 - 08:55 AM

Interesting stats:

 

So Hamilton´s are claiming R 14,163,675,343 and according Ann Crotty there is speculations they have 25% of the shares and can derail the voting.

 

At present SNH shares in issue is 4 269 609 051 therefore 25% is 1 067 402 262 and that means the claim per share is R 13.26 per share which if they view SNH share at R2.45 means the shareholders bought the shares at R 15.71 which is not true. So why would Hamilton´s put a claim for so little???

 

However is the actual representation they have is the 500,000,000 that makes it more interesting a claim of R 28.32 per share taking the R2.45 into account and we have a claim share price of R 30.77 which is now realistic.

 

Anyone with some thoughts on this topic???


  • 0

#60 Africa1962

Africa1962

    Member

  • Members
  • PipPip
  • 73 posts

Posted 03 May 2021 - 12:17 PM

Am i correct in assuming 5 May is the court date for Hamilton and Co?...and if so we can probably only expect feedback some weeks later assuming judge must 1st think about it.?...

...sorry ignore...blonde moment


  • 0





Sponsored by Sharenet and VPSNine Linux VPS Hosting