Thursday, June 28, 2007
Results Brief: Dickson (113)
The results were almost every bit as expected, spooky. So I really have nothing to add other than that Dickson could use more transparency in disclosure. The lack of segmental p&l is a case in point and there's no way to tell how much each market is contributing or improving by. Taiwan, which Dickson has quite a presence, is struggling still but that may change after the next presidential election if Ma wins. Other markets should grow at least steadily as the whole asia region is prospering right now so it's hard to imagine people not buying luxury goods.
Check out http://abaci-investing.blogspot.com/2007/01/end-of-era-of-chinese-tourists-in-hk_03.html for detailed analysis as I don't want to repeat myself here.
Looking good and maybe it's about time for the share to run.
DISCLOSURE: I hold 113 at time of writing.
Check out http://abaci-investing.blogspot.com/2007/01/end-of-era-of-chinese-tourists-in-hk_03.html for detailed analysis as I don't want to repeat myself here.
Looking good and maybe it's about time for the share to run.
DISCLOSURE: I hold 113 at time of writing.
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yes, thanks for bringing it out. i don't like it either, esp. seeing dickson poon's name a lot in recent ipos.
those directors and senior management do seem very qualified from their respective background but whether they can contribute as much in the retail field is another matter. i'll give them more time to prove.
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those directors and senior management do seem very qualified from their respective background but whether they can contribute as much in the retail field is another matter. i'll give them more time to prove.
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