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  1. #11
    born2invest
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    There is a reason Woolworths sold this several years ago for next to nothing.

    I work next door to their Auckland Dick Smith Distribution Centre and their container yard and racking looks completely empty.
    Last edited by born2invest; 20-11-2013 at 03:08 PM.

  2. #12
    Speedy Az winner69's Avatar
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    Well the first week wasn't the disaster some thought .....week close above ipo

    The promoters are happy ....they got their zillions before xmas

  3. #13
    Speedy Az winner69's Avatar
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    Quote Originally Posted by born2invest View Post
    There is a reason Woolworths sold this several years ago for next to nothing.

    I work next door to their Auckland Dick Smith Distribution Centre and their container yard and racking looks completely empty.
    Maybe good stock control .......no excess inventory sitting in warehouses some times a good story

  4. #14
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    Quote Originally Posted by Stranger_Danger View Post

    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.
    Last edited by soulman; 07-12-2013 at 07:07 PM.

  5. #15
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    Down 10% from IPO price, closing at $1.99. Another MYR in the making.

  6. #16
    percy
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    Quote Originally Posted by Stranger_Danger View Post
    They've learned a whole heap.

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

  7. #17
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    Im in today. Time will tell if its a wise move, but certainly much cheaper than a few months ago

  8. #18
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    Really? On a 5 year time frame, this one could easily go to zero.
    ----
    Never try to teach a pig to sing. It wastes your time and annoys the pig.
    ----

  9. #19
    Speedy Az winner69's Avatar
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    Oh dear -- margins stuffed by the sounds of it

    What a reaction - down 30% odd to 84 cents

    PE less than 5 on guidance figures

    Market obviously expecting more bad news

    Looking closely to see what happens tomorrow morning to see if the sustained selling continues. I feel an opportunity coming
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #20
    percy
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    Quote Originally Posted by Stranger_Danger View Post
    Really? On a 5 year time frame, this one could easily go to zero.
    Moved strongly in that direction today.

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