Im a simple guy but a profit in the range of $35M-$45M less a write down of stock around $60M is a loss of $15M-$25M. I know the accountants here may say untrue and happy for them to say so. What concerns me is that higher levels of inventory will prevent new purchases from being made post Xmas sales and then we have a long wait for next main retail spending period in an electronics store. I see what DSH is trying to do as simply catch up to JBHifi and HVN and this takes me back to the days when Strathfield tried to become a JBHifi with more instore electronics range.
DSH Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held