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 Managers have questioned just how much could have been changed in such a short period of time and are cautious on a valuation multiple that is likely to match that of JB Hi-Fi. A good article from Blair Speedy on the following link (VIEW LINK)


Please sign in to comment on this wire.