Dick Smith gooooooone?
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<blockquote class="ipsBlockquote" data-author="NTA" data-cid="551030" data-time="1452080949">
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<p>Kmart have moved downward in their pitch, partly due to market forces, but also because Wesfarmers have both Kmart and Target on the books.</p>
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<p>They've effectively positioned them either side of Big W here in Australia, with Target providing a similar range, better quality, and keener pricing than Big W. Kmart goes for the cheap bucks in the meantime.</p>
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<p>Kmart are killing it in the decorating department. The missus and all her mates buy heaps of decorating shit from there, because apparently it's good, and cheap as fuck. </p> -
Just read that Dick Smiths was sold for 20 million and listed for 560 million. Firstly, who was stupid enough to buy that stock and secondly, isn't that borderline fraud?
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<blockquote class="ipsBlockquote" data-author="Rancid Schnitzel" data-cid="551223" data-time="1452140297">
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<p>Just read that Dick Smiths was sold for 20 million and listed for 560 million. Firstly, who was stupid enough to buy that stock and secondly, isn't that borderline fraud?</p>
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<p>It was originally sold to Woolworths for $20 million in 1982. The sale by Woolworths to Anchorage was for $112 million in Nov 2012. Not that it makes much difference to your general points!</p> -
<blockquote class="ipsBlockquote" data-author="Rancid Schnitzel" data-cid="551223" data-time="1452140297">
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<p>Just read that Dick Smiths was sold for 20 million and listed for 560 million. Firstly, who was stupid enough to buy that stock and secondly, isn't that borderline fraud?</p>
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<p>Only fraud if the info disclosed was untrue or info that had to be disclosed legally was not. Not seeing any of that here</p> -
<a data-ipb='nomediaparse' href='http://i.stuff.co.nz/business/industries/75742695/Buyers-line-up-for-Dick-Smith-before-sales-campaign-is-launched'>http://i.stuff.co.nz/business/industries/75742695/Buyers-line-up-for-Dick-Smith-before-sales-campaign-is-launched</a><br><br>
All may not yet be lost. -
I actually had a very close relationship with our bank RE. (1. She was hot, and 2. She was really good at her job. I discussed this stuff with her over wine and off record. <br><br>
Apparently it will take a bit for the bank to be the one to pull the pin. Normally they can make more many other ways than winding you up. -
<blockquote class="ipsBlockquote" data-author="mariner4life" data-cid="551582" data-time="1452334728"><p>I actually <strong>had </strong>a very close relationship with our bank RE. (1. She was hot, and 2. She was really good at her job. <strong>I discussed this stuff with her over wine and off record.</strong><br></p></blockquote>
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Lucky girl.... -
Haha yeah that didn't read quite how i meant it to
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<blockquote class="ipsBlockquote" data-author="mariner4life" data-cid="551582" data-time="1452334728">
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Apparently <em><strong>it will take a bit for the bank to be the one to pull the pin. Normally they can make more many other ways than winding you up.</strong></em></p>
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<p>I'm not sure she really needed to ensure that bombshell was off the record... the fact she had wine with you on the other hand, yeah, that would be.</p> -
Yea alright smart ass i get it that read really badly. <br><br>
The point was made in relation to the fact people often blame the bank first. When in reality the last ones to pull the pin are the bank or the tax department. -
<blockquote class="ipsBlockquote" data-author="mariner4life" data-cid="551862" data-time="1452508325"><p>
Yea alright smart ass i get it that read really badly. <br><br>
The point was made in relation to the fact people often blame the bank first. When in reality the last ones to pull the pin are the bank or the tax department.</p></blockquote>
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IRD is more aggressive about pulling the pin than banks, TBH - they take a more broad view, and will happily force liquidation and bankruptcy if they feel a director needs to stopped from operating. -
<blockquote class="ipsBlockquote" data-author="jegga" data-cid="552864" data-time="1452923912"><p>Just got an email from Dick Smith saying they'll stand behind their products sold during the receivership sale , no mention of honouring vouchers.</p></blockquote>
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Same, looks like my younger brother has nothing to worry about. Works at one of the Auckland stores -
<blockquote class="ipsBlockquote" data-author="Virgil" data-cid="552865" data-time="1452924214"><p>
Same, looks like my younger brother has nothing to worry about. Works at one of the Auckland stores</p></blockquote>
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That's good news for your brother. It's a shame they tend to sell shitty gear because it would be worth buying something if they stood behind it.<br>
Anyone heard who might be buying it?
