The 2014/15 annual report for Dick Smith Holdings, a major electronics retailer, published in August 2015 was upbeat about the prospects for the company and yet only 5 months later it went into administration.
The administration was followed by suspension of trading in its shares via the ASX. The company’s press release announcing the administration referred to disappointing sales and cash generation in the second quarter of
the 2015/16 financial year. Many small investors have, collectively, lost millions of dollars because of this collapse.... More