At the same time however, things must be much better in Europe, because Steinhoff released a trading statement saying that earnings for the interim period to end December are expected to be between 35 and 45 percent better. The stock traded at an all time high today. HEPS last time clocked 173 cents, expect around 240 odd cents for the half. Wow. Just wow. And that explains why the stock is trading somewhere in the region of 50 Rand, having doubled in less than a year after the company had made an exceptionally risky (at the time) purchase of European furniture maker Conforama. And now, the company has a larger market capitalisation than Nedbank. 4 March are their results, we will take a closer look then.