DSH had about $150m of debt going into VA. That is significantly lower than SGH.
DSH Australia's oldest electronics retailer Dick Smith has conceded its desperate pre-Christmas sale has failed to save it from the clutches of nervous bankers, who have forced it in to receivership owing roughly $150 million.
I have no interest either way. Glad I never got caught up in the DSH cheer squad calling it a multi bagger. Am a potential investor in SGH if they have the financials to back up a recovery.
But you are right they are not the same. S&G eclipses the debt of DSH by a huge margin. Massive even.
MEA Price at posting:
$1.30 Sentiment: Sell Disclosure: Not Held