Former Steinhoff CFO Brian la Grange admitted this week that the share-price of his former company was unlikely to ever recover to the heady heights to which it soared close to R300 billion before capitulating to almost nothing. SNH.ZA updated stock price target summary. At one point, shares soared by over 20 percent at and were up by more than 15 percent at […] We believe this is the most likely path forward for Steinhoff.” In other words, the share is unlikely to recover. Sure, their reputations are in tatters. Recover your password. ... More probes into embattled Steinhoff as shares continue partial recovery. Steinhoff International Holdings Ltd chart This market's chart. The Steinhoff International Holdings stock price may drop from 0.080 USD to 0.0234 USD. Steinhoff International Holdings Ltd chart This market's chart. Photo by Martin Pettitt/Flickr In early trading today, shares in Steinhoff, a South African group, staged a dramatic recovery, despite a warning that it would be required to restate results as far back as 2015 or even earlier. The date the forecast was made is important, as if the share has moved considerably since then, the rating may no longer apply. “I have a feeling the business will survive and the share price should revalue reflecting the value of the underlying businesses, but there might be a … The share price of Steinhoff jumped by over 40% on Tuesday, taking the Stellenbosch-headquartered global retailer to its best level since early May 2018. Steinhoff’s share price started falling hard from 5 December 2017, and hit R6.00 a share on 8 December. In other words, the share is unlikely to recover. ABSA wants court to liquidate Jooste company, recover R226 million 18:24 21/12/2017 Jan Cronje Share. Steinhoff's share price plummeted in December 2017 after its CEO Markus Jooste abruptly resigned at the start of an accounting scandal. If a company falls short of consensus numbers - or sometimes if it only meets expectations - its share price can fall. There are still some ‘i’s to dot and ‘t’s to cross, but the news has been sufficiently positive to give the Steinhoff share price a bit of a boost. Steinhoff’s share price started falling hard from 5 December 2017, and hit R6.00 a share on 8 December. Then there’s the matter of what happened to $5 billion in cash. Gryphon’s Cassie Treurnicht and Reuben Beelders believe that at current values the share now offers value. Cape Town - ABSA is taking a company co-directed by former Steinhoff International CEO Markus Jooste to court in an effort to liquidate it and recoup R226m. Testing. Is STEINHOFF trying to recover? The listing on the FSE should make Steinhoff shares a good Rand hedge buy.

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