Steinhoff International does not have a long track record of dividend growth. Steinhoff International Holdings N.V. engages in retailing of general merchandise and household goods in Africa, Australasia, Europe, Asia, the United Kingdom, and the United States. In an interview with biznews.com last year, Jooste said 10 of the other executives at Steinhoff were his best friends. The share has been bleeding after Coronation Fund Managers added to its woes, with an announcement that it is taking legal action against the embattled company.This will be the sixth lawsuit filed against the company since reports of its accounting irregularities came to light in December 2017. All of a sudden, investors who’d bet on Jooste and his billionaire Chairman Christo Wiese were rushing to the exits. Operating loss escalated to 381m compared with the loss of 168m, while the loss attributable to ordinary shareholders was 63percent higher at 621m compared with a loss of 380m that was reported last year. To create breathing space, the embattled retailer will look to raise cash by selling assets and try to persuade banks to refinance its debt. EDINBURGH — Steinhoff is teetering on the edge of extinction. The stock climbed to R2.12 a share yesterday morning, up from Monday’s closing price of R1.37 a share. It tried and failed to acquire French electronics chain Darty Plc last year. Steinhoff International employs 130,000 workers across the globe. In 2015, it registered in the Netherlands and moved its main stock listing to Frankfurt. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Its share price dropped 80% in two days as news of financial irregularities firmed up. Please log in to your account or sign up in order to add this asset to your watchlist. He’s also said Swedish giant Ikea, founded by Ingvar Kamprad, was his model. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. I don’t think that the company survives in its current form.”. PEG Ratios above 1 indicate that a company could be overvalued. – Jackie Cameron. Learn about financial terms, types of investments, trading strategies and more. There is not enough analysis data for Steinhoff International. So our strategy was to buy the number one or two around Ikea in every country.”. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Now the group has at least 200 subsidiaries and affiliates, and had exposure to lenders and other creditors of almost 18 billion euros at the end of March, according to data compiled by Bloomberg. © 2020 Independent Online and affiliated companies. Subscribe to our Newsletter to get daily updates on local affairs, with a global context. Since the decade began, its international buying spree encompassed French furniture retailer Conforama, British discount chain Poundland Group Plc and Mattress Firm Holding Corp. of the U.S. Wierzycka said that to her mind the report fit with what Steinhoff has said so far. The official website for Steinhoff International is www.steinhoffinternational.com. Some companies that are related to Steinhoff International include Victoria (VCP), Dorel Industries (DII.B), Headlam Group (HEAD), Topps Tiles (TPT), Portmeirion Group (PMP), Walker Greenbank (WGB), Colefax Group (CFX), Dorel Industries (DII.A), Libbey (LBY), Carpetright (CPR), eve Sleep (EVE), Pioneering Technology (PTE), John Lewis of Hungerford (JLH), Adairs (ADH) and Astivita (AIR). Page 2 of 453 - Steinhoff - posted in ShareChat: Geez this share is giving me grey hair haha. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. A Steinhoff spokeswoman didn’t take calls or reply to messages. In an email copying in JPMorgan clients, one senior Steinhoff executive even accused the analysts of “asking for inside information,” Cuffe said in an interview. “Our only problem was we couldn’t build a brand. Steinhoff International has a PEG Ratio of 8.22. Steinhoff International’s share price surged by 54.7% on the JSE yesterday morning to its highest peak in more than 2 months. Learn more. Get short term trading ideas from the MarketBeat Idea Engine. In the absence of any real information, you tend to assume the worst.”. Stock analysis for Steinhoff International Holdings NV (SNH:Xetra) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Fundamental company data provided by Morningstar and Zacks Investment Research. “We purely follow what he did,” Jooste said in an interview with South Africa’s Financial Mail magazine in October. The P/E ratio of Steinhoff International is -0.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. ), Steinhoff International has received 239 “underperform” votes.