Following last week's appointment of Gordon Cairns as Chairman of David Jones, CEO Paul Zahra was reconfirmed as the retailer's chief

Wilson Asset Management

Wilson Asset Management

Following last week's appointment of Gordon Cairns as Chairman of David Jones, CEO Paul Zahra was reconfirmed as the retailer's chief. Zahra's future with DJS was in question after he previously announced he would resign from the company. Both DJS and Myer Holdings will make their interim profit announcements this week and, as both companies have already reported their first and second quarter sales figures, we will be paying particular attention to their outlook statements. Based on various recent feedback we've had from players in the retail sector, high-end retailers are performing better than their low-end counterparts. In our view, DJS provides good exposure to this thematic and, with more than $600 million of property assets, it's an attractive investment proposition. DJS shares have risen 10% over the last six weeks. We own DJS on the Market Driven side of the Investment Portfolio. More from our recent investor email: (VIEW LINK)


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),...

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