EPISODE · Jul 17, 2026 · 1H 5M
DERRIMON'S $3.77 BILLION WRITE OFF: 28 Years of Profit ERASED
from Limitless · host Matthew Preston & Thaon Simms
What happens when a $3.77 billion accounting write off wipes out nearly thirty years of profit? Dr. Matthew Preston and Dr. Thaon Simms dig into the Derrimon Trading suspension, breaking down the ERP system failure, the inventory losses, and the leadership change nobody saw coming. From Sampars supermarkets to the Draxhall land sale, they map out how Derrimon plans to survive, and whether the stock is worth buying when trading resumes.Chapters:00:00 Introduction and Why This Episode Matters02:04 What Derrimon Trading Actually Does05:02 Woodcats CFF and the Other Subsidiaries12:53 Timeline of the Delayed Audit19:02 Why the JSE Suspended Derrimon Shares20:24 Inside the ERP System Failure24:21 The 3.77 Billion Write Off Explained28:35 28 Years of Retained Earnings Wiped Out36:19 The 2021 APO and the Warning Investors Missed44:52 The New York Supermarket Roof Collapse47:00 Selling Assets to Pay Down Debt1:00:11 Is Derrimon a Buy When Trading Resumes🎧 Listen to more episodes: https://limitlesspodcast.buzzsprout.com🐥 Follow us on Twitter: https://twitter.com/Limitless_pod📷 Instagram: https://www.instagram.com/limitless_pod/💲 Get exclusive insights: https://bit.ly/Limitless-MMJA-Discount💝 Support the podcast: https://www.buzzsprout.com/1971039/support📧 Email us: [email protected]👍 If you enjoyed this episode, please like, subscribe, and share!❓ Would you buy Derrimon stock when trading resumes, or is it too risky? Drop your thoughts in the comments!⚠️ Disclaimer: The opinions expressed in this podcast are solely those of the hosts and do not constitute financial advice. We may own shares in any of the companies discussed on this podcast. Please consult a financial advisor before making any investment decisions.Send us Fan MailSupport the show
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What happens when a $3.77 billion accounting write off wipes out nearly thirty years of profit? Dr. Matthew Preston and Dr. Thaon Simms dig into the Derrimon Trading suspension, breaking down the ERP system failure, the inventory losses, and the leadership change nobody saw coming. From Sampars supermarkets to the Draxhall land sale, they map out how Derrimon plans to survive, and whether the stock is worth buying when trading resumes. Chapters: 00:00 Introduction and Why This Episode Matter...
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DERRIMON'S $3.77 BILLION WRITE OFF: 28 Years of Profit ERASED
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