SANDY WINGFIELD-TURNER AND ASSOCIATES
  • Home
  • About
    • INTERMEDIARY DISCLOSURE
  • Services
  • Blog
  • Contact

The impact of Steinhoff and Naspers on client portfolios

12/14/2017

0 Comments

 
Yesterday’s surprise news around financial accounting irregularities within Steinhoff has resulted in a 60% drop in the share price on the day, which makes the fall 82% off its highs in 2016. It is not yet clear what the real ramifications of this event will mean for the share, however with it being widely held across local managers we have assessed the impact across client portfolios given what has happened so far. Naspers has also come off around 15% from its highs over the past few days so this is also likely to have an impact on shorter term returns given the magnitude of its holding across funds, bearing in mind Naspers is still up 64% year to date.

Read More
0 Comments

    Archives

    February 2019
    October 2018
    July 2018
    May 2018
    April 2018
    March 2018
    February 2018
    December 2017
    November 2017

    Categories

    All
    News

    RSS Feed

Location

Contact Us

​Address:
Suite 6, 22 on Main
22 Old Main Road
Gillitts
​29°47'17.1"S 30°46'40.9"E
Telephone:
031 765 3204/9
FSP Number:
4679
Picture

    Subscribe Today!

Submit
  • Home
  • About
    • INTERMEDIARY DISCLOSURE
  • Services
  • Blog
  • Contact