Steinhoff’s Turnaround tomorrow after Settlement with claimants from accounting scandal in 2017
Tomorrow will be the long-awaited turnaround for Steinhoff International Holdings NV (STHHF:US) after an accounting scandal in 2017. Last week was the voting and NOT ONE SINGLE CLAIMANT voted against the 1.4 Billion Euro settlement to cover 99% of the claims that amount to more than 10 Billion in original claims. TOMORROW, on the 16th of September, this result will be ratified by the court and institutional investors will be able to invest in a profitable corporation which has revenues of about 7 Billion euros but a market cap of less than 1 Billion Euro. The share price is now 0.18 Euro (0.22$) but will be aiming for more than one Euro after tomorrow within the next weeks or months. Guys and gals, this is huge. Steinhoff is literally not known in the US right now. Make it famous and multiply your investment in a matter of days. The only thing holding Steinhoff’s share price back right now is the ratification of these results tomorrow as well as the claim of one last claimant who didn’t want to be a part of the settlement accounting for only 1% of all claims. Buy Steinhoff now and thank me later. The corporation has more than 100,000 employees and operates across Europe, Austalia, UK and Africa. It has 2 subsidiaries on the stock market (Pepco Group and Pepkor) and a new IPO is coming this year in America (Matress Firm).
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September 15, 2021 at 08:52AM