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0.00% $3.99 david jones limited

re: Ann: David Jones Board Recommends A$4.00 ... I sold out at...

  1. Ocker
    10,373 Posts.
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    09/04/14
    13:13
    Post #: 13231671
    re: Ann: David Jones Board Recommends A$4.00 ... I sold out at the open for $4.00. Rationale (a)the $4.00 bid has the Board backing (b), at 24x Woolworths are paying a very high price, I cannot imagine anyone wanting to pay higher for a bricks and mortar retailer in todays environment (c) as i don't accept there will be a higher bid for DJS then I am happy to take my $4.00 today rather than wait several months.
    In short I saw no upside and only downside risk.
    DJS Price at posting: $3.93 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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