Steinhoff shares

.....Jooste out.. :blink: ...what now.... :ohmy:

My goodness...

From reuters
"...Christo Wiese will step in as executive chairman on an interim basis. Steinhoff said Wiese would “embark on a detailed review of all aspects of the company’s business with a view to maximizing shareholder value”."

Country member, this is where I needed 2 pairs underpants



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I see now Ben le Grange, CEO of Star (a sub of SNH) has also resigned.


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Government corruption....credit downgrade...now this...does not bode well for SA

Is there a clansman ( Shrek? Sly?) who has a fair assessment of what the net asset value of this share should be? Surely, it’s more than the last traded share price?


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how many retail investment portfolios and pension funds hold a high weighting of Steinhoff? some of my Investments hold as much as 4%. Govt Employees pensions are a big holder...

Major Holders

Breakdown

28.29% % of Shares Held by All Insider
39.34% % of Shares Held by Institutions
54.86% % of Float Held by Institutions
296 Number of Institutions Holding Shares

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SA funds most exposed to Steinhoff
Fund % of fund
NewFunds S&P GIVI South African Industrial Index Fund
13.06%
Ashburton Low Beta SA Composite Tracker Fund
12.46%
Momentum Industrial Fund
8.74%
Baobab BCI Flexible Opportunity Fund
8.24%
NewFunds S&P GIVI South Africa Top 50 Index Fund
7.82%
NewFunds Shari’ah Top 40 Index Fund
7.60%
Coronation Industrial Fund
7.46%
Nedgroup Investments Opportunity Fund
7.42%
Old Mutual Industrial Fund
7.33%
Seed Equity Fund*
7.27%
Community Growth Equity Fund
7.24%
STANLIB Shari’ah Equity Fund
7.16%
Denker Sanlam Collective Investments SA Equity Fund
6.92%
Prime Worldwide Equity Fund
6.91%
Truffle MET General Equity Fund
6.86%

Link to moneyweb......not suitable for faint hearted reader": re pension funds....ouch

www.moneyweb.co.za/news/economy/collater...-who-owns-steinhoff/

Oh my God With Naspers this week as well press goig to have a field day,