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Thursday, August 22nd, 2019

Chair Heather Sonn – Investor presentation conceived over 20 months

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by August 14, 2019 Financial News

Embattled Steinhoff lifted its veil yesterday for the first time since the once mighty group brought to its knees after the disclosures of massive fraud and corruption conducted over more than a decade. It wasn’t pretty. Punters who had pushed the share price to 148c ahead of the presentation were licking their wounds as the price fell sharply as the depth of the problem was exposed, with the shares closing the session at 124c, It has taken literally hundreds of skilled financial investigators a full 20 months to “straighten the plate of spaghetti” ahead of the first presentation to investors since the bombshell exploded in December 2017. Here’s the first of the clips from the meeting – an overview from chairperson Heather Sonn. – Alec Hogg

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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