Dick Smith IPO - DSE

[winner69]

Dick Smith coming back to the market before Xmas

Instos want a decent discount in case Xmas sales don't meet expectations.

Seems to have turned around since WOW get rid of their dog .....but a good deal for the purchasers

http://www.smh.com.au/business/marke...114-2xizx.html

I can't contemplate joinig in ......being a fan of JBH

[winner69]

At least Anchorage keeping a decent chunk for now and management getting a decent chunk to keep their minds on the job

http://www.smh.com.au/business/wooli...114-2xjkq.html

[percy]

Scares me.!!!!!!!!!

[Stranger_Danger]

You would have to be on crack to buy this stock.

Has been a classic private equity play - just look at the stores, empty shelves, stock levels reduced to an unsustainably low level. Got out of several categories in the stores I've visited, eg, DVD's, which is fine. But replaced with? Nothing?

Seem to be specialising in home brand stuff which I hear carries incredible margins, but how? And at what cost to the long term reputation?

Staff levels reduced, and knowledge lower than ever.

I just don't see where Dick Smiths fits in the market any more.

The PE guys have done a fantastic job dressing up this dog, and next to Freelancer.com, if they can sell it as "conservative tech", in this market, people may just buy it for "safety".

Just another tick in the box as to why I'm *slowly* (key word) reducing my exposure to equities.

[winner69]

Must be expecting a bit of a market crash after Xmas ....seeing the rush to get rid of this

[Entrep]

DSE seems to be discounting themselves to oblivion.

[macduffy]

I just don't see where Dick Smiths fits in the market any more.

That's the problem as I see it too.

Sort of the "Postie Plus" equivalent in electronics retailing?

[steve fleming]

Almost all the Dick Smith senior management have come across from Myer, and were involved in the Myer IPO....wonder if they have learnt some lessons from that IPO?

[percy]

To be successful in this field you need to be part of huge buying group,like JBHiFI and SCY [nz] are.DS are not in it.
To be successful in this field you need muscle to get lower rent for your stores.They have no muscle,so will pay high rents.

[Stranger_Danger]

Almost all the Dick Smith senior management have come across from Myer, and were involved in the Myer IPO....wonder if they have learnt some lessons from that IPO?

They've learned a whole heap.

This one will make them even more money, and lose shareholders even more money.