Steinhoff backs down on extra cash for directors
The supervisory board of Steinhoff International has taken note of the concerns raised by stakeholders and decided to delete sections relating to additional payments for independent directors.
Steinhoff
Steinhoff properties worth R16bn less than value published in February
Punters should take note. At yesterday’s share price of R3.32 and with 4.31bn shares in issue, Steinhoff’s total market cap was R14.3bn.
Steinhoff seeks raising R3.8bn through selling stake in KAP
Steinhoff is seeking to raise about R3.8 billion rand through the sale of shares in KAP Industrial Holdings Ltd. as the embattled retailer strives to shore up its balance sheet.
More pain for Steinhoff as JSE suspends preference shares
The JSE has, with immediate effect, suspended the trading of the SHS34 Notes, which comprise Steinhoff’s preference shares.
Shades of Steinhoff as poorly named Resilient takes another big knock
Resilient’s share price dropped another 10% to R70 yesterday, down more than half from early January.
The Viceroy effect: A one-trick pony?
Depending on which company Viceroy targets as its next short, it could determine whether they go down in history as a one-trick pony, or not.
Steinhoff burns another – Nomura said to lose $128 million in margin loan
Nomura Holdings has joined the growing list of banks that got burned by the meltdown at South African retailer Steinhoff International Holdings NV.
Viceroy looks to “do a Steinhoff” on Capitec
Viceroy’s spectacular success with Steinhoff means the firm’s attack on Capitec now carries disproportionate weight.
Steinhoff plans to sell R7.5bn of PSG shares to shore up battered balance sheet
Steinhoff plans to sell almost R7.5 billion of shares in financial services firm PSG Group Ltd., the latest in a line of disposals aimed at shoring up the retailer’s battered balance sheet.
đź”’ How David Shapiro’s son unmasked Viceroy; and why only half Old Firm buys SA’s wave of optimism.
This week the Old Firm of Alec Hogg and David Shapiro continue their talk on Viceroy, and share differing opinions on SA’s turn around.