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35.5¢ dshe holdings limited

And did anyone else notice that there was not much marked down...

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yendor28

80 Posts.

07/02/16

21:10

Post #: 16962522
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Originally posted by Punishment ↑

In my memory,media reported DSH has $140m banks' debts and $200m suppliers' debts when fallen into administration.
So I do not know how much DSH bought new stocks and how much cash amounts held at that time,but it looks like DSH did not repay large amounts of debts because debts to banks increased from $73m to $140m and debts to suppliers looks like did not reduced when compared the debts amounts as at 30 June 2015 and as at the date when fallen into administration.

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And did anyone else notice that there was not much marked down instore or online relative to a 60m impairment.

The DSH procurement team has some explaining to do. It seems that they were paying too much for bad choices of stock. That is bad business which i begrudgingly accept as legal yet the debt and disclosure issues need to be properly investigated.

Good discussion everyone.

DSH Price at posting: 35.5¢ Sentiment: Sell Disclosure: Held
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