Dick Smith IPO - DSE

[trader_jackson]

I know DSE (in NZ) has struggled to compete against new, 'fast moving', 'dynamic' retailers like PB Technologies (who have rapidly expanded in the 20 or so years they have been around), who also have an extensive service network (over 25% of PB's staff are in servicing).

Noel Leaming here in NZ has also been struggling.

Computer retail industry: it is extremely tough... I would say Harvey Norman is an exception, mainly because they are a '1 stop shop' for several things, not just computer/audio equipment etc, and still have an amazing brand name built up over the years... far more so than any other brand names in NZ, they also have extensive interest deals which may appeal to some consumers.

(I imagine my comments for NZ are similar to Australia... therefore any computer retailer that doesn't have a huge, huge brand behind them, run for the high hills while you still can)

Just my 2 cents on computer retailing (Disclosure: I worked as a computer salesman for almost 2 years and have only recently quit at one of the companies mentioned above)

Said this just over a month ago... looks like DSE really is struggling in this tough retailing industry!

[trader_jackson]

Stay away from DSE guys, both as investors and shoppers... That's all I'm going to say

[showstring]

latest announcement pretty much means RIP DSH

[winner69]

Receivership / voluntary administration according to The Australian

Shares worthless?

But a reincarnation of sorts will no doubt list again.

[trackers]

Private equity...Classic. Bought for 100mil in 2011, sold for 500mil to general public in 2013... two years later, worthless

[airedale]

Private equity...Classic. Bought for 100mil in 2011, sold for 500mil to general public in 2013... two years later, worthless

Good comment Trackers, there have been too many others. Feltex etc.

[fungus pudding]

Going .....going ,,,,,gone!

[Joshuatree]

Lucky i got those cheap batteries on boxing day.Always seemed to be plenty of customers in the local shop( esp compared with Hallensteins) but if the margins weren't there.... Good chance receivers will keep them trading for awhile at least?

[fungus pudding]

Lucky i got those cheap batteries on boxing day.Always seemed to be plenty of customers in the local shop( esp compared with Hallensteins) but if the margins weren't there.... Good chance receivers will keep them trading for awhile at least?

Probably drop poor performing outlets and keep the goodies. Not much choice really.

[Stranger_Danger]

Well my valuation of 20 cents per share was too high. I really am an incurable optimist!