Daytrading October 29 afternoon, page-21

Last post re DSH on DT as I believe under 80c is a gift.

Is Dick Smith Holdings Ltd too cheap to ignore after shock downgrade?
By Tom Richardson - October 28, 2015

The market appears to think not given it’s now valuing the business at around $300 million, on just 7 to 8x Dick Smith’s forecast profit of at least $40 million for the year ahead.

Assuming Dick Smith meets the bottom end of its new guidance then profit will only be marginally lower than FY15’s profit of $43.1 million, which suggests small improvements would lead to a return to a growth.
The business also now offers a huge trailing yield around 13%, which is likely to decline marginally, but still be attractive in the year ahead at whatever the adjusted level.

https://www.********.au/2015/10/28/...td-too-cheap-to-ignore-after-shock-downgrade/

BTW, current market cap is around $180m, not $300m anymore.