Author Topic: Steinhoff  (Read 21202 times)

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4241
  • Karma: +21/-3
    • View Profile
Steinhoff
« on: March 19, 2014, 10:09:44 am »
OFFER BY STEINHOFF TO ACQUIRE UP TO 98% OF JD GROUP LIMITED (“JD GROUP”)


Shareholders of JD Group are referred to the announcement released by Steinhoff
International Holdings Limited (“Steinhoff”) dated 18 March 2014, regarding the offer
by Steinhoff to acquire up to 98% of the issued ordinary shares in JD Group. The
content of Steinhoff’s announcement, without modification, is set out below.


1.   INTRODUCTION

     Steinhoff hereby offers to      acquire from JD Group shareholders (“JD Group
     Shareholders”) up to 98% of    the issued ordinary shares in JD Group (“JD Group
     Shares”) excluding treasury    shares (“Tender Offer”). Steinhoff currently owns
     56.8% of the issued JD Group   Shares (excluding treasury shares) and has received
     commitments from a number of    institutional and individual JD Group Shareholders
     to accept the Tender Offer,     which will result in an increase in Steinhoff’s
     shareholding in JD Group.

2.   CONSIDERATION PAYABLE IN RESPECT OF THE TENDER OFFER

     The consideration payable by Steinhoff in terms of the Tender Offer will be
     settled by the issue to JD Group Shareholders accepting the Tender Offer of one
     listed ordinary share in Steinhoff (“Steinhoff Share”), credited as fully paid
     and ranking pari passu with the existing Steinhoff shares in issue, for every 1.9
     JD Group Shares in respect of which the Tender Offer has been accepted
     (equivalent to an offer price of R27.77 per JD Group Share at Steinhoff’s five-
     day volume weighted average price (“VWAP”) of R52.77 on 17 March 2014, which
     represents a 38.1% premium to JD Group’s five-day VWAP of R20.11 on this date).
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

michaessers

  • I've just arrived
  • *
  • Posts: 6
  • Karma: +0/-0
    • View Profile
Re: Steinhoff
« Reply #1 on: March 19, 2014, 12:51:51 pm »
Can anyone explain why Steinhoff would want to acquire JG group? is it to protect their existing exposure? Surely JD Group is too big a mess to try and fix?

Moneypenny

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1695
  • Karma: +35/-0
    • View Profile
Re: Steinhoff
« Reply #2 on: March 19, 2014, 01:30:53 pm »
 I always had the idea that KAP & JDG was subsidiaries of SHF?  Donno where I got that.
Veni, vidi, vici

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4241
  • Karma: +21/-3
    • View Profile
Re: Steinhoff
« Reply #3 on: March 19, 2014, 02:08:56 pm »
RATIONALE FOR THE TENDER OFFER

     As indicated in JD Group’s interim results announcement on 20 February 2014, JD
     Group is facing many challenges in the furniture retail and consumer finance
     business segments. These challenges will take some time and additional capital to
     overcome. The increase of Steinhoff’s investment in JD Group, in an expedient
     manner, will enhance Steinhoff’s ability to support the operations of JD Group.

     The Tender Offer will provide JD Group Shareholders with an attractive premium to
     the current JD Group share price and an opportunity to invest in Steinhoff. As
     the second largest furniture retailer in Europe, and with a good growth
     trajectory, Steinhoff gives JD Group Shareholders international exposure and
     greater liquidity.
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

Moneypenny

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1695
  • Karma: +35/-0
    • View Profile
Re: Steinhoff
« Reply #4 on: September 02, 2014, 11:27:56 am »
SHF down -3.16% now because JD Group last night reported a serious full-year loss (570 c/share, previous year 395.2 c/share earning).  JD group will also sell their financial division with bad debt rising (another Abil waiting in the wings).

DJ Group share price up today +4.23%.

SHF full-year earning up by 15%.  Both companies due to report this month.

Now does this seem fair.  Rhetorical.
Veni, vidi, vici

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4241
  • Karma: +21/-3
    • View Profile
Re: Steinhoff
« Reply #5 on: September 04, 2014, 10:43:42 am »
Who has this in Portfolio ?
jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

Alsie

  • I've just arrived
  • *
  • Posts: 28
  • Karma: +4/-0
  • Don't answer a question you have not been asked
    • View Profile
Re: Steinhoff
« Reply #6 on: September 04, 2014, 11:16:30 am »
I see myself as a long term investor and this one deserves a place.
Don't understand the massive sale, but have topped up at the lower level.

Neil

  • I've just arrived
  • *
  • Posts: 40
  • Karma: +3/-0
    • View Profile
Re: Steinhoff
« Reply #7 on: September 04, 2014, 03:57:50 pm »
I have it my portfolio
Disclaimer:The views/opinions expressed in this post are that of the writer and are not to be interpreted as advice, nor as a indication to buy/sell any investment or equity. The writer will not be held liable for any profit or loss resulting from reading of this post by the reader in any form.

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4241
  • Karma: +21/-3
    • View Profile
Re: Steinhoff
« Reply #8 on: September 04, 2014, 05:00:44 pm »
What did u buy at ? lower than current levels? or higher.

Steinhoff International is an integrated retailer that manufactures, sources and retails furniture and household goods in Europe, Africa and Australia. In addition, the group owns diversified industrial businesses in southern Africa through supply chain solutions, passenger services, timber products and manufacturing operations across diverse industries

jaDEB

I'll see you on the dark side of the moon. The lunatic is in my head.

Pink Floyd

Neil

  • I've just arrived
  • *
  • Posts: 40
  • Karma: +3/-0
    • View Profile
Re: Steinhoff
« Reply #9 on: September 11, 2014, 11:47:29 am »
got them at 52.76, got them when I swapped my JDG shares for Steinhoff shares when Steinhoff was buying up JDG shares. I also took up the Steinhoff rights offer shares.

Iv got a sell limit order valid for a month on them at R60 currently. I want to sell them and use the bucks to buy some RAFISA
Disclaimer:The views/opinions expressed in this post are that of the writer and are not to be interpreted as advice, nor as a indication to buy/sell any investment or equity. The writer will not be held liable for any profit or loss resulting from reading of this post by the reader in any form.

Alsie

  • I've just arrived
  • *
  • Posts: 28
  • Karma: +4/-0
  • Don't answer a question you have not been asked
    • View Profile
Re: Steinhoff
« Reply #10 on: September 12, 2014, 06:58:53 am »
This supports my sentiment of good upside potential still.   ;) ;D
http://today.moneyweb.co.za/article?id=775829#.VBJ9F0kaLIU

chang9015

  • Jr. Member
  • **
  • Posts: 56
  • Karma: +3/-0
    • View Profile
Re: Steinhoff
« Reply #11 on: August 07, 2015, 09:28:33 pm »
SHF firm Intention Announcement http://www.sharenet.co.za/v3/sens_display.php?tdate=20150807170000&seq=55

Now, I understood this to be a good thing? since its a move towards listing on FSE etc.... what I don't understand is, why there are people on various social media networks displaying displease and negative sentiment towards this.

Am I missing something?

Bundu

  • Full Member
  • ***
  • Posts: 165
  • Karma: +2/-0
    • View Profile
Re: Steinhoff
« Reply #12 on: August 07, 2015, 10:14:19 pm »
I would also like to know what the downside could be?

Europe seems to be slowly recovering..... at least more than this shithole we live in....
« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Moonraker

  • Hero Member
  • *****
  • Posts: 1085
  • Karma: +30/-0
    • View Profile
Re: Steinhoff
« Reply #13 on: December 07, 2015, 02:03:50 pm »
SNH listed on Frankfurt stock exchange today (pity about the tax stuff)..

Real time snapshot gif ..


Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2159
  • Karma: +36/-2
    • View Profile
Re: Steinhoff
« Reply #14 on: December 07, 2015, 02:10:40 pm »
Real time snapshot gif ..

Off topic, but that's so cool! How did you do that?