DJS - David Jones

[roland]

Well, I certainly couldn't claim any insight, but have traded DJS for a few years now and felt pretty confident with their strategies.

On the other hand, I just got a little pig headed with not wanting to lose any more and decided to keep hold of stocks that payed dividends at or above bank rates.

So I kept Westpac, David Jones, Babcock and Brown Wind (now Infinigen) - all of which, with dividends, are in profit.

As for how far I would have held...... tough question, I would have held until the dividends were suspended.

I think

 

[ricee007]

Ahhg,

Just thought I would check out DJS...

Turns out dividends were just paid 2 days ago, and in less than a week the stock has gone up from $3.01 to $3.64 (and paid the 11c dividend [ I undestand record date wasn't 2 days ago]).

Hmm, not quite comfortable buying in at this level (which more accuratly reflects the value of DJs, comparedd to $3).

 

[roland]

Ahhg,

Just thought I would check out DJS...

Turns out dividends were just paid 2 days ago, and in less than a week the stock has gone up from $3.01 to $3.64 (and paid the 11c dividend [ I undestand record date wasn't 2 days ago]).

Hmm, not quite comfortable buying in at this level (which more accuratly reflects the value of DJs, comparedd to $3).

Yes, I would agree, my average is $3.02 - I won't be adding unless the share price drops below $2.90

 

[ricee007]

Yes, I would agree, my average is $3.02 - I won't be adding unless the share price drops below $2.90

Poor us

Last price: $4.12.

The result of how confident Australian consumers are (100.1 IIRC) has seemingly really helped DJs, up 22c yesterday.

Cheers,
Rhys

 

[roland]

DJS's still powering ahead. Media reporting consumer confidence helps

Sold my highest packet at $4.30 just now, leaves me with 3,000 at an average of $2.73.

Can't help but feeling a pull back is due. Looking at the chart - seems like $3.60 could be a nice pyramid purchase.

 

[Wysiwyg]

Big DJ at all time highs again now. Took 4 years before, done in 6 months now. Go bulls go, go bulls go, yayyyyy.

 

[bloomy88]

Looking at DJS, it appears to be much better value than MYR at the moment.

P/E of 13 compared to 17
D/E of 15% compared to 57%
Dividend yeilds are similar
DJS predicting profit growth of 5-10%, MYR predicting growth as 0-2%

DJS have had a big turn around of processes in recent years and is currently near all time high levels

Any other thoughts?

 

[skc]

CEO left in disgrace this morning on inappropriate behaviour towards a female staff member.

http://www.smh.com.au/business/disgraced-david-jones-ceo-mcinnes-exits-with-2m-20100618-ykjp.html

I hope that female staff member was not Miranda Kerr...

 

[Julia]

It doesn't matter who the staff member is, it's unbelievably stupid behaviour from someone in the CEO's position.

 

[Bigukraine]

It doesn't matter who the staff member is, it's unbelievably stupid behaviour from someone in the CEO's position.

absolute power corrupt's absolutely.... some of these guy's think their too smart and have no respect for the general population that are not of their station.

 

[nulla nulla]

It doesn't matter who the staff member is, it's unbelievably stupid behaviour from someone in the CEO's position.

absolute power corrupt's absolutely.... some of these guy's think their too smart and have no respect for the general population that are not of their station.

I understand that he left with a $2,000,000 payout. Maybe it was contrived? How much does the victom get?

 

[Julia]

I understand that he left with a $2,000,000 payout. Maybe it was contrived? How much does the victom get?

I doubt very much it was contrived, nulla. He actually lost entitlement to a lot more than that. This is from "The Australian":

David Jones chairman Bob Savage slashed Mr McInnes's payout by at least $4m, with the former chief getting his statutory pay of $450,000 plus a "mutually agreed" $1.5m.

According to the terms of his contract, he could have picked up $3.6m in termination pay plus a bonus of $2.5m along with other long term, incentives.

Mr Savage defended the company's decision to give Mr McInnes a "settlement payment" of $1.5m and said David Jones did not have a culture of harassment.

Radio report on the ABC this evening said there was no report of the young woman concerned being 'paid off', that Mr McInnes had forestalled this by taking the initiative to resign.
What a hell of a price to pay for a silly little ego trip or whatever it was.
Total idjit.

 

[nulla nulla]

A very young boy being bathed by his mother looked down at his tool kit and asked "Mummy is that my brains?". His mother answered "No dear, not yet".

 

[Lucstar]

After a period of dormant activity, the technicals of this stock shows a sign of outbreak. Should be a good run to come. Definately a stock to keep an eye on.


P.S. I want to attach a chart to show the outbreak graphically. But i dont know how to attach image file. My apologies there.

 

[eunza]

I agree with Lucstar on DJS right now - SP looking positive - clear and established Uptrend happening:

RSCD T/A: Daily Chart attached

1. Price trend - Obvious price trending upwards

2. RMACD : Bullish and confirmed MA Heading lower (bullish) Note the 3 arrows where the Pink shading has pushed lower on 3 consecutive occasions. Also on AVG the trend continues to be supported by at least the Blue line. There are 3 levels of support:
Green line - Optimum support - bounce off below this line again (may) start another breakout upwards on the SP (buy)
Blue line - Will confirm the bullish trend (hold/buy)
Red line - breaking of this support will indicate the trend has failed and will most likely retrace upwards. Although the SP will not always drop instantly the further up this goes the higher the chances.
As a guide the long arrow on the MA describes the overall direction.

3. This is an example of a very consistent uptrend on the RSI - note the high level of support on the green line. Although a break of the blue and red lines wouldn't automatically indicate a sell out - This would need to be considered against the RMACD

I currently hold.

After a period of dormant activity, the technicals of this stock shows a sign of outbreak. Should be a good run to come. Definately a stock to keep an eye on.


P.S. I want to attach a chart to show the outbreak graphically. But i dont know how to attach image file. My apologies there.

 

[skc]

Court action now being persued... a cool $37m is being asked for.

http://www.smh.com.au/business/davi...se-publicist-sues-for-37m-20100802-112iw.html

In a landmark claim lodged today in the Federal Court, Ms Fraser-Kirk is seeking 5 per cent of the profits made by David Jones and 5 per cent of Mr McInnes's salary while he worked for the company.

I wonder how the lawyers argue that DJ shareholders should pay 5% of profit to the claim? Doesn't such case require demonstration of damages?

 

[eunza]

Thanks for the heads up skc

Also saw it mentioned on General forum - I've decided to get out of DJS for now - Although the court action will most likely fail there will be some knee jerk selling anyway. So to avoid any headaches and so I don't have to watch the Fundamentals too closely i've back out.

Court action now being persued... a cool $37m is being asked for.



I wonder how the lawyers argue that DJ shareholders should pay 5% of profit to the claim? Doesn't such case require demonstration of damages?

 

[Lucstar]

This whole sexual harrassment thing has been totally blown out of proportion.

Mark McInnes only "ATTEMPTED" to approach the silly blonde. She rejected his advances and the story ends there. I mean come on. This happens every night at night clubs. Mark McInnes was a great CEO and it was already over-done when he handed resignation for the so-called "sexual harrassment". And
now she wants $37 million in compensation. What an absolute joke! What damages did she incurr? NOTHING! There's absolutely no substance for a court case. She will not get a dime. If theres anything she'll achieve, its two seconds worth of publicity. Simply wasting the court's time, let alone further destroying the reputation of a good man running a good company.

I hold in the belief that good fundamentals prevail long term.

 

[Lucstar]

New short term high reached today ($4.88) dispite the ongoing sexual harrassment lawsuit


So far so good

I hold

 

[Lucstar]

Good reporting result today. Also good comments on outlook.

The psychological price barrier of $5 has been well smashed today.

If this momentum continues to play out, "we're in the killzone pal" (Gordon Gekko)