Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 1-Dec-15

Shares in Dick Smith Holdings closed 57 per cent lower at $A0.28 on 30 November 2015, after reaching an intra-day low of $A0.20. The sell-off was prompted by the household electronics retailer’s decision to write down the value of its inventory by 20 per cent. Some fund managers have questioned whether Dick Smith will remain solvent, but such concerns have been downplayed by the retailer. Dick Smith shares were issued at $A2.20 in 2013, providing a huge windfall for Anchorage Capital Partners.

CORPORATES
DICK SMITH HOLDINGS LIMITED – ASX DSH, ANCHORAGE CAPITAL PARTNERS PTY LTD, WOOLWORTHS LIMITED – ASX WOW, FORAGER FUNDS MANAGEMENT PTY LTD