Summary of the ownership history of the dick smith brand

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Reference no: EM131630289 , Length: word count:2000

Individual Assignment

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. Many people are now asking how such positive messages in August can be followed by such disappointing results for the period October to December of the same year and whether the original messages were accurate.

The Chief Executive of the company has subsequently resigned. Many people, including the founder of the company Dick Smith, have also criticized the former owners of the business, Anchorage Capital Partners. The suggestion is that Anchorage Capital Partners misrepresented the true value and prospects of the firm when it listed the business on the ASX in 2013.

Your assignment is to provide:

(i) a brief summary of the ownership history of the Dick Smith brand,

(ii) a critical evaluation of the valuation of DSH when DSH was acquired by Anchorage Capital Partners and at its initial public offering (IPO), and

(iii) An assessment the ethical dilemmas facing two separate sets of people: Anchorage Capital Partners in respect of the flotation of the business, and the directors and senior executives of Dick Smith Holdings in respect of statements made in the 2014/15 report and accounts.

The report should comprise the following sections:

Assignment cover sheet
Table of contents
Introduction
Body (answers to each question)
Conclusion
Bibliography

Reference no: EM131630289

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Reviews

len1630289

9/7/2017 1:58:41 AM

Australian student, total 2000 words. A brief summary of the ownership history of the Dick Smith brand, a critical evaluation of the valuation of DSH when DSH was acquired by Anchorage Capital Partners and at its initial public offering (IPO) and an assessment the ethical dilemmas facing two separate sets of people: Anchorage Capital Partners in respect of the flotation of the business, and the directors and senior executives of Dick Smith Holdings in respect of statements made in the 2014/15 report and accounts.

len1630289

9/7/2017 1:58:36 AM

The report must: Be accompanied with a cover sheet, Be typed using one-and-a half (1.5) spacing left justified. Use Arial or Times New Roman font size 12. Display a one inch margin on all sides. Appropriately cite reference original work, author(s) etc. Citation and referencing must conform to Harvard or APA referencing system.

len1630289

9/7/2017 1:58:30 AM

Introduction - A concise statement clearly explaining the purpose of the report, sources used to answer questions and a brief summary of conclusions reached and the order of presentation. Knowledge - Displays an excellent grasp of the material, applications and implications. Arguments - Demonstrates exceptionally insightful and interesting arguments. A highly-structured and comprehensive response to the task. Research - Extensive and relevant research. Report organisation – Extraordinary organised presentation with respect to organisation, clarity of expression, grammar, punctuation, pagination, spacing) Referencing – Accurate and consistently referencing with no error.

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