Wilhelm Hertzog: Steinhoff shares a "coin toss" - bonds, prefs much better bet

On this week's Rational Radio show, Wilhelm Hertzog gave us his impressions of the long awaited Steinhoff Investor Presentation which he attended yesterday. In this insightful contribution, the co-founder of money manager Rozendal Partners also explains why those paying anything for Steinhoff's JSE-listed shares - even at 124c - are engaging in a gamble that's akin to a "coin toss". Those wanting a bet on an eventual recovery should rather investigate the company's bonds or even its preference shares. - Alec Hogg Learn more about your ad choices. Visit megaphone.fm/adchoices