dick smith

Dick Smith: no longer the Techxperts

Wilson Asset Management

Troubled electronics retailer Dick Smith (ASX: DSH) went into voluntary administration on Monday, following failure to secure funds from its banks. Management said sales and cash generation were below expectations in the key December trading period, continuing the weak trend of previous months. The announcement follows an earnings warning in... Show More

Investors have described the forth-coming float of Dick Smith Electronics as opportunistic for sellers and risky for potential buyers

James Marlay

Investors have described the forth-coming float of Dick Smith Electronics as opportunistic for sellers and risky for potential buyers. The Australian, reports that institutional investors are cautious given the estimated $600 million float price less than 12 months since the business was acquired from Woolworths for just $96 million. Fund... Show More