Retail investors are biting at Steinhoff, while institutional investors nibble
Company is slowly emerging from under the dark cloud of the 2017 collapse and abrupt departure of Markus Jooste
06 February 2022 - 06:40
Steinhoff’s management believes restructuring the group’s debt of nearly R170bn would strengthen its investment case and possibly revive the interest of big institutional fund managers.
Retail investors, however, are already piling in. CEO Louis du Preez said he takes heart from improving liquidity levels, with a “good few million shares trading every day”. ..
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now