Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Steinhoff International Holdings NV    SNHJ   NL0011375019

STEINHOFF INTERNATIONAL HOLDINGS NV (SNHJ)
My previous session
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensus 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Steinhoff International : shares plunge after global rout, report on retailer's ex-CEO

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2018 | 10:30am CEST
FILE PHOTO - Steinhoff's former Chief Executive Markus Jooste appears in parliament to face a panel investigating an accounting scandal that rocked the retailer in Cape Town

JOHANNESBURG (Reuters) - Steinhoff's shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer's former CEO advised friends to sell the firm's stock days before the shares collapsed.

Traders said the retailer's losses were exacerbated by a Wall Street rout that sparked a global sell-off. [GLOB/MKTS]

Steinhoff's shares fell as much as 9.9 percent in early trade and later traded 5.38 percent lower at 2.11 rand, their lowest since August 20.

Citing a mobile phone text message, Bloomberg said the message sent around Nov. 30 to at least two people, told recipients there was impending, unspecified bad news coming.

Steinhoff former chief executive Markus Jooste could not be reached on Thursday.

Jooste told a South African parliamentary inquiry in September that he never lied about activities of the company and neither sold his shares in Steinhoff nor held a short position on its stock.

Steinhoff has been working on a deal to restructure the debt of some subsidiaries with its creditors after revealing multi-billion euro holes in its balance sheet in December that wiped more than 90 percent off its market value and forced it to sell assets to fund working capital.

"Those revelations shouldn't affect the current price of Steinhoff but would probably just add, if true, to Mr Jooste's legal woes to come because insider trading is illegal," said Sanlam Private Wealth Director Greg Katzenellenbogen.

Katzenellenbogen added that the retailer's share price was following global stocks lower after Wall Street's worst losses in eight months led to broader risk aversion.

(Reporting by Nqobile Dludla; Editing by James Macharia)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STEINHOFF INTERNATIONAL HO
10/15STEINHOFF INTERNATIONAL HOLDINGS N.V : Update on disposal of kika-leiner propert..
EQ
10/15SNH : STEINHOFF INVESTMENT HOLDINGS LIMITED - Steinhoff - Update On Progress Of ..
PU
10/15STEINHOFF INTERNATIONAL : Seeks Long-Stop Extension For Lock-Up Agreement
DJ
10/15STEINHOFF INTERNATIONAL HOLDINGS N.V : Update on progress of financial restructu..
EQ
10/11STEINHOFF INTERNATIONAL : shares plunge after global rout, report on retailer's ..
RE
10/05STEINHOFF INTERNATIONAL : Mattress Firm Files for Chapter 11 Bankruptcy--Update
DJ
10/05STEINHOFF INTERNATIONAL : Mattress Firm Files for Chapter 11 Bankruptcy
DJ
10/05SNH : STEINHOFF INVESTMENT HOLDINGS LIMITED - Steinhoff - Recapitalisation Of Ma..
PU
10/05STEINHOFF INTERNATIONAL HOLDINGS N.V : Recapitalisation of Mattress Firm
EQ
10/05STEINHOFF INTERNATIONAL HOLDINGS N.V : Recapitalisation of Mattress Firm
EQ
More news
News from SeekingAlpha
08/09MATTRESS FIRM : Dream's And Nightmares 
2017What A South African Retailer That Overpaid For A U.S. Mattress Company Has T.. 
2017Wayfair in the M&A spotlight 
2017Steinhoff, Shoprite shelve merger deal 
2017STEINHOFF INTERNATIONAL HOLDINGS - S : Clear Blue Sky 
Financials (€)
Sales 2017 20 004 M
EBIT 2017 1 886 M
Net income 2017 1 481 M
Debt 2017 4 843 M
Yield 2017 106%
P/E ratio 2017 0,39
P/E ratio 2018 -
Capi. / Sales 2017 0,27x
Capi. / Sales 2018 -
Capitalization 508 M
Chart STEINHOFF INTERNATIONAL HOLDINGS NV
Duration : Period :
Steinhoff International Holdings NV Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STEINHOFF INTERNATIONAL HO
Short TermMid-TermLong Term
TrendsBearishBullishBearish
Income Statement Evolution
Managers
NameTitle
Daniël Maree van der Merwe Chief Executive & Operating Officer
Heather Joan Sonn Chairman-Supervisory Board
Philip Dieperink CFO & Member-Supervisory Board
Steve F. Booysen Independent Member-Supervisory Board
Angela Krüger-Steinhoff Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
STEINHOFF INTERNATIONAL HOLDINGS NV-58.32%588
NITORI HOLDINGS CO LTD-7.43%15 394
WILLIAMS-SONOMA, INC.18.51%4 905
RH44.86%2 764
BED BATH & BEYOND INC.-36.61%1 868
AT HOME GROUP INC-9.25%1 735