mal zusammengefasst an die IR rangetragen. Antwortzeit keine Std...
Dear Steinhoff Team, we have been wondering for some months now if you are still working for a rising share value? You have announced improved communication. Since then, you've become even quieter. May I continue to rely on the fact that your statement, "restore shareholder value" is still your goal, also for the existing newer shareholders? Please do not misunderstand me, but the share price has only deteriorated due to your work. Everything else counts little for an investor, especially if you continue to keep quiet about it! With kind regards Thank you for your email. We are sorry that you are perceiving it that way.
In our Update on Progress, released on 8 November we reminded the market of the following: The Group has continued to progress the strategy outlined at the Investor Presentation on 13 August 2019, and again at the Steinhoff AGM on 30 August 2019. Specifically, the financial restructuring having been implemented on 13 August 2019, at the AGM the Management Board identified two primary areas of future focus for Steinhoff as the Group strives to recover from the events of December 2017 and to protect and maximise value for stakeholders: (1) to manage litigation risk and to continue the implementation of the Remediation Plan; and (2) to reduce the Group's debt and financing costs. These areas of focus were also highlighted by Louis Du Preez, Steinhoff CEO, at the South African Parliamentary Hearing on 4 September 2019.
The Group did release a significant amount of information during the 2019 calendar year, including the 2017 and 2018 Annual Reports, 2019 Half-year results and quarterly updates. It is understandable that parts of the market has sensed a reduction in communication since then. A number of projects were completed during 2019, however there were still additional announcements relating to strategic disposals towards the end of the year.
The Group remains committed to open and transparent communication, where possible. |