Steinhoff Topco B.V. - CVR - die goldene Zukunft?

Stürmische Zeiten liegen hinter den Steinhoff Aktionären mit unvorstellbaren Höhen und Tiefen.

Kaum jemand hätte sich bei seinem Einstieg vorstellen können, dass wir Aktionäre nach über fünf Jahren dem Totalverlust näher sind als dem großen Gewinn, selbst nach all den Fortschritten wie operativer Turnaround, erfolgreichem globalen Vergleich etc.

Auf diesem steinigen Weg haben wir bereits viele Anleger verloren, die mit hohen Verlusten abgesoffen sind.

Einige wenige von uns haben es jedoch geschafft sich in das gleiche Boot der Gläubiger zu retten.

Die große Frage ist nun, ob die Gläubiger alle Assets günstig verscherbeln und damit selbst den potentiellen Wert ihrer CVR Mehrheitsbeteiligung ausradieren? Nur warum wollten sie dann unbedingt die CVRs, ursprünglich sogar 100% gefordert haben?

Oder kommt doch alles ganz anders und die 20% CVR Besitzer segeln nun mit den Gläubigern einer goldenen Zukunft entgegen?

Viel Potential wäre vorhanden: Assets wie Pepkor, Pepco, die in den nächsten Jahren stärker im Wert steigen könnten als die Schulden, positive bilanzielle Überraschungen bis zu einem zukünftigen Börsengang einer neuen Gesellschaft bei der CVRs in neue Aktien getauscht werden.

Wer bis hierhin durchgehalten hat, kann sich zurecht zum harten Kern der Steinhoff Aktionäre zählen.

Die Steinhoff Geschichte ist damit noch nicht zu Ende, das nächste Kapitel beginnt nun ab September.

Das CVR Record Date ist Donnerstag, 31.08.2023.

In den nächsten Monaten wird uns auch die Eröffnungsbilanz der Steinhoff Topco B.V. präsentiert.

Auf eine gute Zukunft abseits der Börse und wer weiß, vielleicht steigt Steinhoff in den nächsten Jahren unter neuem Namen ja wieder in die Börsenliga auf. Finanzkräftige Investoren haben wir zumindest schon mal an Bord ;-)  

https://de.wikipedia.org/wiki/Steinhoff_International_Holdings
 

JOHANNESBURG, Nov 29 (Reuters) - South African discount retailer Pepkor Holdings reported on Wednesday an 8.7% fall in full-year profit, hit by elevated debtors' costs and net finance costs.

The PEP and Ackermans clothing brands owner, said its headline earnings per share (HEPS) from continuing operations, fell to 149.1 cents in the year ended Sept. 30, from 163.3 cents the previous year.

Pepkor, which also operates in a few countries across Africa, also booked a 6.6 billion rand ($355.12 million)impairment. This however was not included in its HEPS.

($1 = 18.5852 rand)

(Reporting by Nqobile Dludla; Editing by Jacqueline Wong)

((nqobile.dludla@thomsonreuters.com; +27103461066;))

Keywords: PEPKOR HOLDINGS RESULTS/

 

Pepkor Holdings Says Stake Held By Coronation On Behalf Of Its Clients Amounted To 5.04%16:04 29/09/2023

And who is working at Coronation? Yes, Mrs Alexandra Watson, and Hugo Nelson, former Commisionars Steinhoff Supervisory Board!

https://www.coronation.com/en/institutional/...us/board-of-directors/

1+1= ???

 

Africa’s top clothing retailer Pepkor pushes expansion in Brazil
by Apparel Resources News-Desk 30-November-2023  |  1 min read

https://apparelresources.com/business-news/retail/...xpansion-brazil/

Pepkor Holdings Ltd., is increasing investments in Brazil as Africa’s largest clothing retailer repositions its South America operations toward the discount segment.

Pepkor said in an earnings statement Wednesday that its Grupo Avenida SA arm nearly doubled its contribution to sales for the fiscal year ended September 30, accounting for around 4.3% of revenue. The Cape Town-based company now intends to open 50 outlets in Brazil per year, more than doubling its initial target.

Success in Brazil would allow Pepkor to consider expanding into other emerging countries, according to Chief Executive Officer Pieter Erasmus in an interview following the earnings release.

“There are a lot of emerging market economies where our skills and capabilities can be leveraged,” Erasmus said. “If you can make one international market work, it opens up the world.”

The discount clothes retailer, which began operations in rural South Africa 100 years ago and now has 5,917 outlets in 11 countries, has previous experience in Eastern Europe through what is now Pepco Group N.V.

Pepkor may potentially contemplate a buy in its native market, according to Erasmus. While the retailer is “more focused on organic growth,” it also wants to sell more adult clothes and would consider acquiring a company “at the right price,” he said.

 

Und der Peer spamt auch wieder so richtig das Forum zu. Die einzige Person die ich hier je auf ignore hatte.
Geistig passt er ja zu Steinhoff, aber ich bin mir sicher ohne seine wertvollen Beiträge hätte hier sicher der eine oder andere Dumme noch ein paar Euro retten können. :-D  

Und der Peer spamt auch wieder so richtig das Forum zu. Die einzige Person die ich hier je auf ignore hatte.
Geistig passt er ja zu Steinhoff, aber ich bin mir sicher ohne seine wertvollen Beiträge hätte hier sicher der eine oder andere Dumme noch ein paar Euro retten können. :-D  

Steinhoff paid former Chief Executive Officer Markus Jooste about R5 million for the two months he worked for the South African company in fiscal 2018, before he quit suddenly amid an accounting scandal.

The payment was disclosed in a report published Thursday by Pepkor, a clothing retailer with more than 5 200 stores that was spun off by Steinhoff in 2017.

Note: remember, this was our money...

 

https://www.news24.com/fin24/companies/...illion-cash-payout-20230822

TAX AVOIDANCE WHILE LdP WAS IN CHARGE

Note: this is special information for 'Deol's daughter'. By the way, I didn't know that Deol had such a pretty daughter! So, maybe we can meet eachother and have a good glass of Stellenbosch wine?

Stay tuned!

The Western Cape High Court has dismissed a bid by Pepkor boss Pieter Erasmus to have his R320 million tax bill cancelled.
   The SA Revenue Service says Erasmus used an 'impermissible tax avoidance arrangement' so as not to pay dividends tax.

   The court questioned why Erasmus tried to have his assessment set aside by a high court rather than a specialised tax court.
   For more financial news, go to the News24 Business front page.

Pieter Erasmus, the CEO of retailer Pepkor, has failed in his bid to have a R320 million tax bill set aside.

Erasmus, who is in his second stint as Pepkor's CEO, took the tax agency to court in early 2021 after it said an audit found him liable for R183 million in back taxes and R137 million in understatement penalties.

According to the SA Revenue Service (SARS) the back taxes stem from a R1.4 billion distribution that Erasmus and his family trust received in 2015 from a company called Treemo. Around R167 million was paid via a capital distribution and R1.22 billion via a cash distribution.

Erasmus and his family trust were both shareholders in Treemo.

While SARS said the Pepkor boss sought to avoid paying his fair share of tax on the distribution via an "impermissible tax avoidance arrangement," Erasmus accused the agency of not understating the deal.

 

 

https://www.news24.com/citypress/voices/...tellenbosch-mafia-20190722

'In his latest book, political journalist Pieter du Toit explores the roots of Stellenbosch, and closely examines its ‘club’ of billionaires.
Who are they and, crucially, how are they connected? What network of boardroom membership, alliances and family connections exists?

Who are the ‘old guard’ and who are the ‘inkommers’, and what about the youngsters desperate to make their mark?

The Stellenbosch Mafia – Inside the Billionaires’ Club
 

LdP hat doch im Sommer vor Gericht erzählt, dass die Bude Steinhoff jetzt IBEX B.V. abgewickelt werden soll um die Gläubiger zu befriedigen. So steht es auch auf der IBEX HP.

Wie passt mit diesen Aussagen diese Meldung zusammen:

Long-term investment strategy regarding equity stake in Pepco Group
The Board of Directors of Ibex Group (“we” or “Ibex”) would like to clarify how it views its c. 72.15% shareholding in
the common equity of Pepco Group N.V. (“Pepco Group”) in response to recent questions from investors. In managing
our equity position in Pepco Group, we are guided by the following core views:
§ We believe Pepco Group’s stock is significantly undervalued today and we have no intent to sell shares at or
close to today’s price levels
§ We are proven to be patient equity holders of Pepco Group – we only decreased our shareholding once
following the IPO in 2021
§ We believe Pepco Group’s value-creation outlook over time is attractive. Pepco Group is a market leader in a
growth segment, has great businesses that are strongly positioned for growth, and has a strong profit recovery
trajectory. We are confident that Pepco Group’s highly experienced leadership team will execute on these
strategic opportunities
§ We are focused on continued value creation in Pepco Group’s stock price over the next few years and we will
continue to manage our shareholding in an orderly and considered manner
§ As part of our long-term approach, we may buy additional Pepco Group shares from time-to-time
§ Our approach has been successfully executed for many years in many international equity markets by large
private equity holders with the same aim – to deliver successful value-creation outcomes.
20 November 2023


Die Verarschen einfach alle!  

müssen nur warten, bis die sanktionierten Russen am 1.3. raus sind - dann geht es weiter.  

Ich bin nicht mehr auf dem Stand. 1.3.2024 oder wie?

Die Frage ist, was soll dabei schon raus kommen, wenn wir unsere verwässerten 10-20 % der ehemaligen Anteile wirklich bekämen. Kleingeld für 10+ Jahre Investment.  

South Africa throws troubled Transnet $2.5 bln lifeline
07:18 01/12/2023

Transnet logistics utility has $7 bln debt

Transnet's ongoing problems hurting SA economy

Requested government funding for recovery plan

(Recasts, adds Pepkor CEO in paragraph 5, analyst in paragraphs 12-13)

By Nelson Banya

JOHANNESBURG, Dec 1 (Reuters) - South Africa handed Transnet a 47 billion rand ($2.5 billion) lifeline on Friday, which it said would help the state-owned rail and ports firm meet its immediate debt obligations.

Transnet has struggled to provide adequate freight rail and port services in South Africa due to equipment shortages and maintenance backlogs after years of under-investment.

The logistics utility's underperformance has impacted commodity exports and other sectors such as manufacturing and retail, weakening Africa's most advanced economy.

"The financial support package provided for the entity is a 47 billion rand guarantee facility against which Transnet will drawdown an initial amount of 22.8 billion rand to deal with immediate liquidity matters such as settling maturity debt," the National Treasury and Department of Public Enterprises said.

Pepkor's CEO said this week the discount retailer is struggling to import goods due to Transnet's problems and had nearly $40 million worth of stock stuck at sea.

Transnet, which has debts of 130 billion rand and recorded a loss of 5.7 billion rand in the financial year to March, has seen freight volumes decline to 150 million metric tons in financial year 2022/23 from 226 million tons in the 2017/18.

Its new board is pursuing a recovery plan which seeks to restore freight volumes and return the company to profitability over the next 18 months. The turnaround plan includes splitting the freight rail subsidiary into two - an infrastructure management company and an operating unit.

The company is also targeting reduced port backlogs and will make another attempt to open up parts of its rail network to private operators after last year's false start.

Transnet on Oct. 26 said it had requested funding from the government, reported to be around 100 billion rand, including an equity injection, to help fund the recovery.

But South Africa's government said on Friday it had not considered an equity injection, saying its budget for the 2023/24 financial year was closed.

Transnet's single $1 billion international bond, which matures in 2028, rose on the news, with its price up as much as 1.8 cents to 98.9 cents, its highest price since Aug. 1 according to Tradeweb data .

Andrew Bahlmann, Chief Executive of Deal Leaders International's corporate and advisory arm, said the government had no choice but to bail out Transnet, "given the appalling impact that Transnet's incapacity has on the economy and particularly our vital export markets."

"The business and investment community will expect to see some immediate improvements in port delays and rail performance to feel the financial package is justifiable or just good money thrown after bad," Bahlmann said in a note. ($1 = 18.8111 rand)

(Reporting by Bhargav Acharya and Nelson Banya; Additional reporting by Rachel Savage; Editing by Sonali Paul, Tom Hogue, Toby Chopra and Alexander Smith)

((Bhargav.Acharya@thomsonreuters.com))

Keywords: SAFRICA TRANSNET/ (UPDATE 4, PIX)





 

Der König ist Tot Es lebe der König.Wer ist denn eigentlich der Eigentümer von IBEX
Pimco oder Silverpoint Das müssten doch die Kanalratten mit Ihren schönen Passbildern hier wissen  

Wir   14:02 #884  
müssen nur warten, bis die sanktionierten Russen am 1.3. raus sind - dann geht es weiter.

Shoppi, kläre mich/uns bitte auf. Wenn es so ist, wie du vermutest, dass die Russen am 1.3.24 raus sind, erhöht sich dann UNSER Anteil entsprechend? Oder erhalten auch die Gläubiger etwas davon? (80:20). Das ist mir noch nicht klar. Vielleicht kannst du mir/uns dazu etwas näheres sagen. Vielen Dank dafür.
 

@Hagüwa: Sanktionierte Russen

....

As you know the Commisionar Steinhoff, Peter Wakkie is the lefthand of Michael Fridman.
Do I need to say more?

https://en.wikipedia.org/wiki/Mikhail_Fridman

'On 16 January 2017, Peter Wakkie, a Dutch attorney known as Fridman's righthand man, was arrested at Madrid for possible business fraud.

In October 2019, Fridman attended court proceedings relating to the Zed case in order to be questioned by Spain's National Court in Madrid. He was summoned to a pre-trial hearing as a person under investigation.

The accusation was formulated as “a series of actions which brought about the insolvency of Spanish firm Zed Worldwide… in order to acquire it at a derisory price, far lower than its market value.”

The prosecutor referred to Fridman's dealings with Zed Worldwide as a 'raid', clarifying that this was a technique used “typically used by the Russian mafia” with the purpose of taking over a business illegally. And while his legal representatives claimed that Fridman had never been a director of any entities involved in Zed's takeover or driving down Zed's market value, the Spanish prosecutors insisted that Fridman “hides his control of criminal activities behind subordinates.”

Note: what happened to the value of SIHNV shares , the whole year 2022?

 

Vielen Dank für deine Nachricht @Jaap Peer. Sehr interessant. Kannst Du auch Infos zu meiner Frage in meinem Post #888 geben?  

"erhöht sich dann UNSER Anteil entsprechend"

Da sich sicher nur 20-30% die CVR beantragen werden, wird dies unser Multiplikator sein.

Meine Vermutung:

DES und vielleicht frisches Kapital ( damit die IBEX bei IPO ein positives EK hat).
Unsere CVR können aber laut Vertrag ja "wertmäßig" bei einer Kapitalerhöhung neu berechnet werden.
Dann IPO der IBEX Holding - der "Übergewinn" wird dann in Aktienform ausgegeben.
Mit viel Glück klappt es.
Ich glaube nicht an die Fake PIK Zinsen - die sind nicht einbringbar.


 

Da sich sicher nur 20-30% die CVR beantragen werden, wird dies unser Multiplikator sein.

Auch dir zunächst vielen Dank für deine Antwort. Verstehe ich es richtig?:  Wenn du vermutest, daß nur 20-30 % die CVR beantragen werden, ist denn in dieser Größe der Anteil des russischen Oligarchen enthalten? Der kann ja bekanntlich keine CVR beantragen, da er nicht über seine Aktien verfügen konnte. Sorry, wenn ich nochmal nachfrage.  

Die haben schon lange ihren Master Plan
Wie du schon erwähnt hast ab März gehts los mit der Marktkapitalisierung von IBEX
Warum war die Frist für CVR Beantragung bis Ende Februar.Passt ja überhaupt nicht zu den Kriminellen .
und so lange halten die Hedgies den Ball flach.Da gabs bestimmt einen driftigen Grund.
Hier gibts bestimmt schon ein paar kluge Köpfe die rausfinden wie hoch wohl  der Share Preis beim IBEX- IPO ist.
Dabei verdienen die Geier Milliarden.Und wir haben ein paar der Platzhalterchen.


Dann gibts hoffentlich ein sauberes IBEX Aktien Forum ohne diesen abartigen Forums Teilnehmern.  

hat auf den Hauptversammlungen NICHT abgestimmt.
Hätte ich 50% der Aktien und sollte enteignete werden, dann würde ich dagegen stimmen.

Peter Wakkie könnte uns alles erklären - der ist aber abgehauen.

Meine Vermutung: Refinanzierung und größte(r) Aktionär(e) stammen aus RU.  Und das wurde zum Problem.  

noch rumdiskutiert?

Euer Geld ist weg und gut ist. Vermutlich können andere damit eh besser umgehen. In euren Händen war das nix.

Wer in so Buden wie Steinhoff investiert, hätte sein Geld eh über kurz oder lang verloren.  

 

@#895, wen soll sie sonst verachten;-)