Jump to content

Steinhoff down on CEO resignation and accounting irregularities


JamesIG

Recommended Posts

As we noted in the EMEA Morning Call, Steinhoff is down significantly today on the back of a CEO resignation and accounting irregularities. The macro briefing this morning noted; 

 

"Steinhoff: The Supervisory Board of Steinhoff wishes to advise shareholders that new information has come to light today which relates to accounting irregularities requiring further investigation. The Supervisory Board, in consultation with the statutory auditors of the Company, has approached PWC to perform an independent investigation. Markus Jooste, CEO of Steinhoff has today tendered his resignation with immediate effect and the board has accepted the resignation."

 

It's worth noting the stock has been in and out of volatility auctions all morning on the underlying exchange, which in turn restrict dealing capabilities on the IG.com dealing platform.

 

2017-12-06 10_00_22-IG Trading Platform _ Spread Betting.png

 

 

 

 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      23,663
    • Total Posts
      97,135
    • Total Members
      44,214
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    EMR
    Joined 08/12/23 08:21
  • Posts

    • Thanks for sharing your experience on the Bitget exchange. It will definitely be helpful cos cryptocurrency enthusiasts and investors are always on the lookout for the best crypto exchanges to trade and invest in digital assets. As the market continues to grow and evolve, new exchanges emerge, and existing ones improve their services to cater to the increasing demand. In this rapidly changing landscape, staying updated on the top crypto exchanges' features and users' experiences as you earlier started is crucial for making informed decisions about where to trade and invest.  
    • Texas Instruments Inc., Elliott Wave Technical Analysis Texas Instruments Inc., (TXN:NASDAQ): 4h Chart 8 December 23 TXN Stock Market Analysis: We have been looking for upside into wave (iii) with the previous update and we have successfully continued higher. We are now seeing resistance at the end of Minor Group 2 as we could enter a potential wave ii.   TXN Elliott Wave Count: Wave ii of (iii). TXN Technical Indicators: 200EMA as resistance TXN Trading Strategy: Looking for longs after a break and retest of 158$.   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!         Texas Instruments Inc., TXN: 1-hour Chart 8 December 23 Texas Instruments Inc., Elliott Wave Technical Analysis TXN Stock Market Analysis: We are looking for either a wave ii in place of wave a of ii completed. Looking for further upside into wave ii as long as 155 keeps holding as support and we break through the end of Minor Group 2.   TXN Elliott Wave count:  Wave ii of (iii) TXN Technical Indicators: Above all averages. TXN Trading Strategy: Looking for longs after a break and retest of 158$.    
×
×
  • Create New...
us