Dick Smith's electric shock

Wilson Asset Management

Wilson Asset Management

Shares in electronics retailer Dick Smith (ASX: DSH) plummeted this week after the company announced on Monday a second downgrade following an earnings warning in October. Poor trading conditions meant management was unable to re-affirm its previous profit guidance while a review of inventories saw the company take a $60 million non-cash impairment charge. Dick Smith shares closed down 20.1% for the week. We do not own Dick Smith in the investment portfolio.


Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter