Jean-Pierre Verster: Why Steinhoff shares still suck - Richemont's too

Biznews Radio

English - November 18, 2019 13:40 - 12 minutes - 11.4 MB
Investing Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Steenhuisen leads DA; SAA intl flights resume; Ex-Denel staff 'stole' missile IP; Platinum wage deal; Wiese

Next Episode: David Shapiro on why Sasol shares are cheap and why Eskom needs Calitz

Highly respected and newly independent asset manager Jean-Pierre Verster provides perspective on two of today's major company news releases. The proprietor of Protea Capital Management says the fact that Steinhoff did not disclose the price of two large sales of subsidiaries today - in Australia and the UK - speaks volumes for this money manager. And he's also not enamoured with luxury goods multinational Richemont's recently released interims. Even the joint venture in China with the storied AliBaba isn't enticing him. - Alec Hogg