16
Shares / Re: I haven't worked for four years...
« on: December 20, 2017, 10:02:38 am »
The only thing he can't break is a drought.
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18
Off topic / Re: Live chat
« on: December 19, 2017, 12:58:05 pm »
Orca, CR is going to have a hard time. http://www.sharenet.co.za/views/From-The-Dealing-Desk-191217/22956934f395ab85403706d299f65cfc?from=2
Reconciliation? I think they will thwart him at every turn.
Reconciliation? I think they will thwart him at every turn.
19
Off topic / Re: Live chat
« on: December 19, 2017, 11:48:52 am »
Note, half of top six are NDZ aligned and two of those are linked to state capture. CR has a problem.
Once that sinks in Rand will weaken again.
Once that sinks in Rand will weaken again.
20
Shares / Re: Steinhoff
« on: December 15, 2017, 06:33:17 pm »
Market probably reckons Wiese to sell a good chunk of his holding in SHP.
21
Shares / Re: Steinhoff
« on: December 15, 2017, 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.QuoteThe 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
22
Off topic / Re: Live chat
« on: December 15, 2017, 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.
23
Off topic / Re: Live chat
« on: December 15, 2017, 09:09:17 am »
Surely the share should be suspended? That was one of the reasons I got out...and lost mucho dineiro.
24
Off topic / Re: Live chat
« on: December 14, 2017, 07:26:34 am »
Oh, of those I have only BTI and MEI (Planning to sell MEI as I no longer believe hospital and pharmaceutical stocks have much potential. These companies are always under severe pressure by governments and medical aid societies to lower their prices. Human rights and populism. You can't win against government regulations.
25
Off topic / Re: Live chat
« on: December 13, 2017, 12:17:11 pm »
Zuma proof stocks. I have them but also unfortunately Advtech
http://moneyweb-2.instantmagazine.com/investor/the-moneyweb-investor-issue-34#!/10-stocks-zuma-cant-break
http://moneyweb-2.instantmagazine.com/investor/the-moneyweb-investor-issue-34#!/10-stocks-zuma-cant-break
26
Off topic / Re: Live chat
« on: December 12, 2017, 05:06:56 pm »
@Bread
Simply because I am hoping that CR would then form his own party, i.e. split the ANC so that in 2019 there won't be an ANC as we know it running things.
If none of that happens, of course I prefer CR over DZ.
Simply because I am hoping that CR would then form his own party, i.e. split the ANC so that in 2019 there won't be an ANC as we know it running things.
If none of that happens, of course I prefer CR over DZ.
27
Off topic / Re: Live chat
« on: December 12, 2017, 02:28:37 pm »
Let's hope DZ wins in the elective conference. If so I think CR will not take that lying down and will form a new party. This will finish off the ANC in the 2019 elections ?
29
Maybe due to sentiment ... Observers are now generally worried that high levels of corruption in government and state-owned enterprises, are now manifesting themselves in the private sector given the revelations around KPMG, Naspers and now Steinhoff.