No shock at plunge: Dick Smith

Original article by Patrick Hatch
The Australian Financial Review – Page: 14 : 8-Dec-15

Shares in Dick Smith Holdings (DSH) closed at $A0.36 on 7 December 2015, after reaching a low of $A0.20 in the previous week. The household electronics retailer’s stock was issued at $A2.20 in a $A520m IPO in 2013. Businessman Dick Smith says investors should not be surprised by the slump, noting that Woolworths has sold DSH for just $A94m only one year before the float. However, Smith is confident that the fortunes of the company he founded in 1968 can be revived.

CORPORATES
DICK SMITH HOLDINGS LIMITED – ASX DSH, WOOLWORTHS LIMITED – ASX WOW, ANCHORAGE CAPITAL PARTNERS PTY LTD, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, APPLE INCORPORATED, SAMSUNG ELECTRONICS COMPANY LIMITED

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