Mark Ingham: Still value left, but it’s eroding fast at shuttered-up Steinhoff
"It becomes obvious early during this interview that independent investment analyst Mark Ingham knows his way around Steinhoff’s financial statements. And he holds out hope that despite what the share market suggests, there is value in the listed company. But that depends on two things – first, he warns that the longer that Steinhoff keeps a lid on information, the greater the value destruction. And secondly, he is assuming that the “accounting irregularities” are not material in the context of the once huge business. Ingham unpacks his reasoning in this deep dive into the Steinhoff’s reported numbers." – Alec Hogg SOURCE: BizNews | FULL ARTICLE
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