Ann: David Jones Board Recommends A$4.00 Cash per, page-59

re: Ann: David Jones Board Recommends A$4.00 ...
"Woolworths South Africa trades at an EV/EBIT of 11.6x (estimate for financial year 2015) and only has $100 million in cash." That means Woolworths will need to raise a considerable amount of money from investors, and possibly through taking on debt, to fund the deal..."

D.J's have a pretty substantial property portfolio.

who knows if it goes though we may see some "billboards" go up "best address for sale". based upon lease back arrangements.

sat on my hands yesterdays, will wait and see what happens when things cool down.

...