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1
Shares / Re: Steinhoff
« Last post by Maurice on Today at 04:58:30 pm »
Why have Shoprite shares fallen? I would think Shoprite not being in STAR is an advantage! ::)
2
I have seat warmers in my car. I've forgotten about them until now :p

Came with the leather seats, but I can't imagine a situation where I'd ever pay extra for them.
3
@gcr, of course the article was ridiculous, you'll never get two perfectly matched people, what the article was trying to say is that all other things being equal, someone who views cars as a transport tool will end up spending less money than someone who views cars as toys. The numbers are part of the usual I never knew it would cost that much shock factor. Most of my friends/colleagues are quite well off professionals, and I know someone who owns/has owned each one listed.
The reality is that if you are in a well paying job make sure you make some saving commitments, another reality is that maybe consider having your kids early in your marriage so that from age 45 onwards you have no schooling or varsity fees to deal with and your kids are out of the house.
That's a really interesting thought, and not one I've heard before. My dad had his last child well in his 50s and partly due to that is still needing to work when most people his age are winding down. I know there are serious health benefits to having children younger, so this is something people should consider.

On a cold winter morning, seat warmers are a necessity, not a luxury.
Absolutely, or maybe you should leave Alaska during the winter.  ;)
Living in SA it is absolutely stupid to have seat warmers even when it gets "cold" in Joburg - 2/3 months of the year - come on
4
Shares / Re: Steinhoff
« Last post by Moonraker on Today at 02:48:43 pm »
The Shoprite related call options have been exercised, we all know that, but will this actually come about? The options were exercised before the brown stuff hit the fan.

Quote
The implementation of the investment in Shoprite is subject to a number of conditions
precedent as set out in the Pre-listing Statement, which include, inter alia, merger filings
with
various African Competition Authorities. To this end, the filings are being completed and will
be submitted to the relevant authorities in the foreseeable future.

Shareholders will be informed once all the conditions precedent for the implementation of the
transaction have been met.




Steinhoff Africa Retail Limited - Update On Shoprite Call Options

Release Date: 15/12/2017 14:20:00      Code(s): SRR     Email this JSE Sens Item to a Friend   Printer Friendly Version
Update On Shoprite Call Options

Steinhoff Africa Retail Limited
(Previously K2017221869 (South Africa) Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: SRR
ISIN: ZAE000247995
(“STAR” or the “Company”)

UPDATE ON SHOPRITE CALL OPTIONS

Shareholders are referred to STAR’s previous announcement dated 30 November 2017
pertaining to the exercise of call option agreements with PIC, Lancaster, Titan and Lavender
Sky (“call options”) to acquire approximately 23.1% economic interest in, and approximately
50.6% voting control of Shoprite, which call option agreements are subject to certain
conditions precedent.

The STAR board received confirmation from Titan which confirms that the call option
agreement with Titan will not be capable of implementation and will not become
unconditional. This means that the Lavender Sky call option agreement will also terminate.

As a result, the STAR board will therefore not be able to implement the call options pertaining
to Titan and Lavender Sky.

The STAR board will enter into discussions with the remaining parties in respect of their call
option agreements to assess the way forward.

Stellenbosch

15 December 2017
5
@gcr, of course the article was ridiculous, you'll never get two perfectly matched people, what the article was trying to say is that all other things being equal, someone who views cars as a transport tool will end up spending less money than someone who views cars as toys. The numbers are part of the usual I never knew it would cost that much shock factor. Most of my friends/colleagues are quite well off professionals, and I know someone who owns/has owned each one listed.
The reality is that if you are in a well paying job make sure you make some saving commitments, another reality is that maybe consider having your kids early in your marriage so that from age 45 onwards you have no schooling or varsity fees to deal with and your kids are out of the house.
That's a really interesting thought, and not one I've heard before. My dad had his last child well in his 50s and partly due to that is still needing to work when most people his age are winding down. I know there are serious health benefits to having children younger, so this is something people should consider.

On a cold winter morning, seat warmers are a necessity, not a luxury.
Absolutely, or maybe you should leave Alaska during the winter.  ;)
6
Off topic / Re: Live chat
« Last post by Moonraker on Today at 10:24:08 am »
was the sale of the shares not a forced sale by the lenders who held his shares as security?
Yes, those were shares lodged with banks as surety for financing the business. As a result voting pool drops to below 30% - breaks voting pool control over Steinhoff.
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Off topic / Live chat
« Last post by vencat on Today at 10:06:41 am »
was the sale of the shares not a forced sale by the lenders who held his shares as security?
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Off topic / Re: Live chat
« Last post by Moonraker on Today at 09:09:17 am »
Surely the share should be suspended? That was one of the reasons I got out...and lost mucho dineiro.
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Off topic / Live chat
« Last post by Patrick on Today at 08:44:03 am »
I see he unloaded 98.5 million shares of steinhoff yesterday. Yes 98.5 MILLION. Amazingly I believe that's around only 10% of his holdings.
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Off topic / Re: Live chat
« Last post by gcr on December 14, 2017, 11:19:28 pm »
WTF :'(
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