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.

[soulman]

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

That was the top of the market. Good call SD. Quickly reducing exposure would be a saviour for everyone.

DSH will be skiing down slope in the next few months in my view.

[trackers]

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.

^ One of the first posts in this thread circa the float in 2013 - Great call here Stranger Danger - Thought I'd give some credit where its due!

[percy]

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.

The above was posted by Stranger Danger on 17/11/2013.
Reading today, what Gerry Harvey said in The Age, it was easy to see DSH was just a huge stitch up.
Licenced highway robbery Ned Kelly would have be proud of.

[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?