Steinhoff

  • Is this the next “Steinhoff”?
  • Back in 2015 I made a quick 56% return from Trustco Holdings. Back then, the share looked like it had a lot of promise. And had I held on, I could've made even bigger gains as the share continued rising - now sitting at R10 a share from its 2015 lows of 255c. But my reasons for selling the share were, and are still valid. The CEO sold personal assets to the company under questionable cond... ››› more
  • [11 July 2018]
  • How you can avoid becoming a victim of the next ‘investment fraud' like Steinhoff
  • It came as a shock to most investors when the Steinhoff scandal was exposed in December 2017. The share dropping 96% didn't just hurt unaware investors though. Some of the biggest investment funds in Africa got hit, including the Public Investment Corporation. This article isn't about to tell you that you could've predicted the Steinhoff debacle… But what I want to tell you is h... ››› more
  • [25 April 2018]
  • Beware: This worrying trend could destroy your wealth in 2018
  • In just a couple of days, around R183 billion was wiped off Steinhoff's market cap. The company's shares have lost over 80%. CEO Markus Jooste resigned with immediate effect. Investors, asset managers and fund managers lost a fortune! So what exactly happened? "Steinhoff has involved itself in some shady dealings which involves accounting irregularities and overstating profits.” ... ››› more
  • [11 December 2017]
  • Commodities take a step lower - Three to buy and one to sell
  • Commodities take a step lower Brent oil led the commodity basket lower last week, losing 8,1%; Platinum and Gold were down 5,7% and 2,4% respectively. Although the Rand softened, the pressure was too much for the JSE All Share Index which fell 0,8%. Resources fell 5,5%, but the rest of the sectors held up well. International indices were slightly softer across most time zone... ››› more
  • [22 September 2017]
  • Broker Picks of the Week!
  • Singa Gungqisa, Portfolio Manager at Rand Swiss gives you an exclusive look into what he'd consider a buy this week and which shares you need to take out of your portfolio...   Three stocks to buy right now   Aspen Pharmacare APN.J –The group is very busy setting up businesses and partnering with local firms in Asia pacific where the scope for growth is high in the nutrition segment. ... ››› more
  • [06 October 2016]
  • Forget the plummeting rand hurting your investments! Here's how to profit it…
  • Last week, as investors continue to dump emerging market assets in anticipation of US interest rate hikes, the rand hit a 14 year low of R12.77 to the dollar. The rand hasn't been this low since December 2001. Since the beginning of 2015 alone, the rand fell almost 10% against the dollar. My point is, our local currency is under pressure and this has a major impact on you. You see, e... ››› more
  • [03 August 2015]
  • About the company: Steinhoff International Holdings Ltd [JSE:SHF]
  • Founded in 1964 by Bruno Steinhoff, from its humble South African beginnings, Steinhoff International Holdings is now an international furniture and household goods retailer. It is one of the top 40 companies on the Johannesburg Stock Exchange… Full name: Steinhoff International Holdings Limited Short name: Steinhoff Ticker: SHF Sector: Personal & household goods – household goods & home ... ››› more
  • [10 June 2015]
  • Bank 117% from the biggest deal I've ever seen in South Africa!
  • As I was sitting in the office having a cup of coffee, I saw the biggest corporate deal I've ever seen in South Africa. Steinhoff International Holdings (international furniture retailer) said that they plan to take Pepkor (the clothing retailer) to a whole new level. In fact, Steinhoff said, they're going to buy an insane 92.3% of Pepkor for R62.8bn. When I read the news, I went straigh... ››› more
  • [03 December 2014]
  • The JSE ebbs lower in spite of a stellar performance by Steinhoff
  • Yesterday, stocks on South Africa's bourse closed in the red. The main contributor to the fall was a poor performance by mining stocks. One stock that performed well was Steinhoff. It rallied strongly after announcing a deal to take over Pepkor. Let's take a closer look at what went on… Steinhoff closed 4.5% higher The JSE ended in negative territory under the weight of some minin... ››› more
  • [26 November 2014]
  • Shares in Steinhoff soar as the company announces a R68.2 billion deal to buy Pepkor
  • Earlier today, Steinhoff International Holdings announced its decision to buy the majority of Pepkor. The deal is valued at R68.2 billion. Shares in Steinhoff soared on the news as investors greeted the news well. Let's take a closer look at what's going on… Steinhoff will own 92% of Pepkor Steinhoff [JSE:SHF] announced a R68.2 billion deal to purchase “a 92% stake in clothing r... ››› more
  • [25 November 2014]
  • Shares in Steinhoff rally as the company's profits soar
  • This afternoon, Steinhoff International released its results for the full-year to the end of June. The furniture company reported a large growth in profits for the year. Steinhoff also posted a substantial rise in revenue. And it nearly doubled its dividend pay-out for the year. Let's take a closer look at what Steinhoff revealed… A weaker rand benefitted Steinhoff Steinhoff [JSE:... ››› more
  • [09 September 2014]
  • ECB Chief, Mario Draghi has just created two great trading opportunities for you
  • Last week, the European Central Bank Chief, Mario Draghi took measures to jumpstart the European economy. He announced that the European Central Bank (ECB) would actually charge banks to deposit money with it. And it's reduced its lending rate to a new record low of just 0.15%. His reasoning for all this? He wants to get the banks to lend more money and encourage people in Europe to spend m... ››› more
  • [06 June 2014]
  • What you need to do when your stock is crashing
  • “Francois, my stock has been dropping in the past month, what should I do?”. Stocks crashing are an inevitable part of investing... It's a risk you take every day that you're invested in the market. It's what you do when this happens will have a huge effect your long-term investing success… But before I tell you what you SHOULD do when your stock crashes let's first look at what you... ››› more
  • [28 March 2014]
  • Steinhoff's share price soars over 5% on fantastic results
  • This afternoon, Steinhoff International Holdings Ltd released its full year results. And the results were good. The market reacted very well to the financials, with Steinhoff's share price soaring. Let's delve a bit deeper and see what led to such good results… Steinhoff International “reported a 25% increase in earnings,” reports Fin24. The company benefitted from the weak rand and a boos... ››› more
  • [10 September 2013]



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