PDSNET ARTICLES - MAY 2018

Lessons From Steinhoff

The loss by Coronation of R14bn in the Steinhoff debacle shows the weakness of fundamental analysis when compared with technical analysis. Altogether, mostly big institutions lost at least R200bn from the Steinhoff collapse. Coronation, taking a primarily fundamental approach, focused its analysis on predicting the probable future dividends to come out of Steinhoff - and then discounted that, using