Markus Jooste resigns - some squeaky bum time

Don wrote: Phum's dip recovering, Steinhoff continues to fall.... 1pm.

.....must be a big 5%er trying to prop up the shares so he don't take a bath too..... :whistle:

i wonder what he pays for training fees a month here in rsa?
i assume the figure would be astronomical and im sure he will cut down on trainers and horses going forward so this could seriously impact the whole horseracing industry in our country,but im sure he is heavily involved with klawervlei stud and the show must and will go on..

This is getting ridiculous now.......must be something major behind the scenes going on.....


Steinhoff International Holdings NV

JSE: SNH - 06 Dec, 13:23 SAST


1 582,00ZACPrice increasePrice decrease2 983,00 (65,35%)


Mac all I could find about nav.......


High levels of debt without a tangible NAV underpin—allied to Steinhoff’s heavy levels of acquisitive growth, the
group has taken on large sums of debt to acquire goodwill. The result is NAV per share of R27.60, but zero tangible NAV.............don't understand this.......... :sick:

Muhtiman wrote:

Don wrote: Phum's dip recovering, Steinhoff continues to fall.... 1pm.

.....must be a big 5%er trying to prop up the shares so he don't take a bath too..... :whistle:

I've just opened a short on Phumelela, the ramifications for them are dire

The twitterverse having its say

Khaya Sithole‏
@CoruscaKhaya
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Meet Markus Jooste, purveyor of accounting fraud, billionaire, liar & now- the dismissed former CEO of #Steinhoff or - as some in my WhatsApp groups have said - the Brian Molefe of monopoly capital. For today, his face needs to trend as much as #BrianMolefe.
Naturally, he's a CA.

Vaultdweller 111‏
@_hashtag7_
2h2 hours ago
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Replying to @CoruscaKhaya
These people need to be locked up in prison, they shouldn't be allowed to simply resign and be re deployed

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Replying to @CoruscaKhaya @Mike_Lebeko
Wow I thought WMC CEO's were clean where Pityane and his buddies wow WMC CEO's steal too hahahhaha

Dam just of Twitter its like a feeding frenzy the way the comments are flying about MJ...hectic....A top LEGAL EAGLE will be needed here .....and the not the miler.. :whistle:

Hear he’s off Phum board also

Steinhoff shares now R14-00 DOWN 70%

Release Date: 06/12/2017 11:25:00 Code(s): PHM Resignation of director

Phumelela Gaming & Leisure Limited
(Registration number 1997/016610/06)
(Incorporated in the Republic of South Africa)
Share Code: PHM ISIN: ZAE000039269
(“Phumelela” or the “Company”)


RESIGNATION OF DIRECTOR


In compliance with Section 3.59 of the Listings Requirements of the JSE Limited,
shareholders are advised that Mr Markus Jooste has resigned as a non-executive
director of the Company with immediate effect.




Johannesburg
06 December 2017

Over the Air wrote: Steinhoff shares now R14-00 DOWN 70%

worth a dabble?

pirates wrote:

Over the Air wrote: Steinhoff shares now R14-00 DOWN 70%

worth a dabble?

Not even with stolen money...