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       Fundamental Data

Data as of: 2014-09-02
Volume: 0
Close: $3.990
Open: $3.990
Low: $3.990
High: $3.990
Shares Issued: 537,137,845
Dividend Yield: 4.00%
Market Cap: $2,143,180,002
Price Book Value: 2.91
PER: 23.20
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DAVID JONES LIMITED


ASX:DJS
RETAILING


http://www.davidjones.com.au (edit)


David Jones Limited is an Australia-based company. During the fiscal year ended July 25, 2009 (fiscal 2009), the principal activities of the Company of department store retailing and a financial services alliance with American Express Australia Limited (American Express). The Company operates in two business segments: department stores and financial services. The department stores segment comprises of David Jones department stores, rack stores and corporate head office. The financial services segment includes the alliance between the Company and the American Express. The Company’s subsidiaries include Aherns Holdings Pty Ltd, Ahern’s (Suburban) Pty Ltd, Akitin Pty Limited, Helland Close Pty Ltd, 299-307 Bourke Street Pty Ltd, David Jones Credit Pty Limited, David Jones Financial Services Limited, David Jones Insurance Pty Limited, David Jones Finance Pty Limited, David Jones (Adelaide) Pty Limited and Buckley & Nunn Pty Limited.

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MoneyPenny  asx forum Obscure broker active in DJs before bizarre b
2012-07-04 15:41:21     Forum: DJS     Post #796380    Read: 544 times   Position: Unknown    IP Address 124.341.xxx.663
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Obscure broker active in DJs before bizarre bid

July 4, 2012 - 3:16PM Read later

Dummy bid or not, traders were busy. Photo: Glenn Hunt

The mystery surrounding the bizarre $1.65 billion takeover move on upmarket retailer David Jones has extended to a discount stockbroker in Melbourne, which on the day before the takeover approach, dominated trading in the retailer's shares.
Know more? Contact Eli Greenblat

BusinessDay can reveal that ITG Australia, stockbroker code 345, accounted for a large portion of trading in David Jones shares last Thursday, and was a net buyer of 700,000 shares in the retailer in transactions worth nearly $2.15 million.

According to data given to BusinessDay, ITG Australia bought 950,000 shares in David Jones on the Thursday and sold 250,000 shares - implying more than half the trade in the stock.

Advertisement: Story continues below

On that day, just over 2.3 million David Jones shares changed hands, according to Bloomberg data.

A day later, when the retailer declared to the market it had received a $1.65 billion takeover approach, stock turnover soared more than 10-fold. Its share price rose almost 20 per cent at one point in the day.

Brokers contacted by BusinessDay said ITG Australia has a low profile among professional traders in Australia. ITG has its headquarters in New York.

Already by Friday, the identity of the bidder was named as a little-known British firm EB Private Equity. By Monday, EB Private Equity had decided to drop its bid, sending David Jones skidding and prompting widespread debate about whether there was ever a credible offer that the retailer should have revealed to the market.

The corporate regulator, the Australian Securities and Investments Commission, said yesterday that it will examine the share trades of David Jones.

ITG activity

According to information contained on IRESS, a trading tool used by stockbrokers, ITG paid an average of $2.27 per David Jones share, slightly more than the stock's closing price of $2.26.

On Friday, the retailer's shares rose as high as $2.69 and closed at $2.59. They retreated more than 10 per cent to $2.33 on Monday after the bid was pulled.

The value of the total buys on Thursday put in by ITG Australia's clients amounted to $1.6 million for the day.

It is unusual for smaller brokers to dominate trading in large blue-chip companies such as David Jones with even CommSec - owned by Commonwealth Bank and one of the most popular brokers in Australia - typically swamped by bigger broking houses such as Citi or UBS.

Citi and UBS together accounted for 59 per cent of Friday's trade in David Jones stock. ITG were not a major trader on that day.

There is no suggestion ITG Australia was involved in the takeover approach for David Jones or has done anything that would breach disclosure or corporate regulations.

BusinessDay contacted ITG Australia's local headquarters in Melbourne but a receptionist said all inquiries needed to be forwarded to its office in Hong Kong.

The true identity of EB Private Equity's owners and directors remains unknown. A man claiming to be the chairman of the private equity firm, John Edgar, also remains in hiding.



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caranx  discuss asx DJS stock    re: Obscure broker active in DJs before bizarre b
2012-07-04 15:50:15     Forum: DJS     Post #796386    Read: 532 times   Position: Unknown    IP Address 203.161.xxx.42
In reply to post #796380 from MoneyPenny   
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Sounds like an orchestrated scam to me.


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MoneyPenny  asx forum re: Obscure broker active in DJs before bizarre b
2012-07-04 15:57:31     Forum: DJS     Post #796389    Read: 527 times   Position: Unknown    IP Address 124.341.xxx.663
In reply to post #796386 from caranx   
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"BusinessDay contacted ITG Australia's local headquarters in Melbourne but a receptionist said all inquiries needed to be forwarded to its office in Hong Kong."

I think I read somewhere that the story orignally surfaced from a blogger in Hong Kong - ITG has an office in HK


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thegooch  asx DJS sharemarket discussion    re: Obscure broker active in DJs before bizarre b
2012-07-04 16:15:18     Forum: DJS     Post #796395    Read: 549 times   Position: Unknown    IP Address 60.228.xxx.48
In reply to post #796389 from MoneyPenny   
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"an obscure broker"

Is there any other kind ??


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Cloth Ears  discuss asx DJS stock   re: Obscure broker active in DJs before bizarre b
2012-07-04 16:18:10     Forum: DJS     Post #796398    Read: 547 times   Position: Unknown    IP Address 203.17.xxx.43
In reply to post #796386 from caranx   
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Well, it would be, except that the ITG clients didn't sell the next day when the prices were so high. Selling after that would have just been selling in the same market we're all in. Just coincidence that no-one would have bothered with if it hadn't been for the scam take-over ann.


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salvation  asx DJS stock forum   re: Obscure broker active in DJs before bizarre b
2012-07-04 16:31:37     Forum: DJS     Post #796402    Read: 552 times   Position: None    IP Address 122.110.xxx.5
In reply to post #796398 from Cloth Ears   
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of course a savvy trader (with REAL take-over intentions ) might wait for the market to tank even lower (the crushed hopes play) ,and have another buy in . might not be over but have no intentions of buying any ,so don't care !!


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salvation  asx DJS stock forum   re: Obscure broker active in DJs before bizarre b
2012-07-04 16:33:32     Forum: DJS     Post #796404    Read: 554 times   Position: None    IP Address 122.110.xxx.5
In reply to post #796395 from thegooch   
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there was Rene Rivkin . he was one of a kind (i hope)


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caranx  discuss asx DJS stock    re: Obscure broker active in DJs before bizarre b
2012-07-04 16:42:01     Forum: DJS     Post #796406    Read: 550 times   Position: Unknown    IP Address 203.161.xxx.42
In reply to post #796398 from Cloth Ears   
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I'm not talking about ITG or their clients, I'm talking about the whole "takeaover talk" fiasco. I am sure someone profited quite nicely from all that, thank you very much.


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salvation  asx DJS stock forum   re: Obscure broker active in DJs before bizarre b
2012-07-04 17:45:45     Forum: DJS     Post #796417    Read: 576 times   Position: None    IP Address 122.110.xxx.5
In reply to post #796406 from caranx   
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hopefully the completely uninformed T$ members !!


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salvation  asx DJS stock forum   re: Obscure broker active in DJs before bizarre b
2012-07-04 18:23:18     Forum: DJS     Post #796427    Read: 589 times   Position: None    IP Address 122.110.xxx.5
In reply to post #796424 from Dr Turf   
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as long as you remember the BIG (smart) money backed the SECOND horse ,and mainly mug punters who were "tipped" backed Fine Cotton/Bold Personality .


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sandune  asx DJS forum   re: Obscure broker active in DJs before bizarre b
2012-07-13 18:02:33     Forum: DJS     Post #799551    Read: 548 times   Position: Unknown    IP Address 123.211.xxx.225
In reply to post #796427 from salvation   
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looks to be in play?? bring on the soly lew bid?? good luck


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salvation  asx DJS stock forum   re: Obscure broker active in DJs before bizarre b
2012-07-13 18:08:06     Forum: DJS     Post #799552    Read: 551 times   Position: None    IP Address 122.110.xxx.11
In reply to post #799551 from sandune   
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for personal reasons i avoid this one , no willing buyer here !! cheers !! (imo) soly will finish the destruction , so Soly or on Soly the result is no Sal !!


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sandune  asx DJS forum   re: Obscure broker active in DJs before bizarre b
2012-07-13 18:10:47     Forum: DJS     Post #799553    Read: 548 times   Position: Unknown    IP Address 123.211.xxx.225
In reply to post #799552 from salvation   
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chart has bottom.. DJS has the CBD real estate.. it when not if a bid comes..good luck


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salvation  asx DJS stock forum   re: Obscure broker active in DJs before bizarre b
2012-07-13 18:17:22     Forum: DJS     Post #799555    Read: 548 times   Position: Unknown    IP Address 122.110.xxx.11
In reply to post #799553 from sandune   
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i know i played/helped in one "iconic" asset between 4 yrs to 12 yrs , if Soly wants he can have them ,the Qld one is over-valued (imo)


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