Australian Stock Report - Share Tips

Australian Shares News: David Jones (DJS)

share-tips
Publish date: Wed, 21 Sep 2011, 03:48 PM
share-tips
0 1,810
Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.

David Jones (ASX:DJS) is Australia's second-largest department store retailer.

The company operates a chain of over 35 retail stores and primarily sells upmarket brands of clothing, accessories and homewares and David Jones-branded merchandise.

Like many other retailers, DJS has been one of the shares to sell in recent times due to challenging trading conditions hurting its sales.

Today DJS reported an FY11 net profit of $168.1 million, down 1.5% from FY10 but in line with the company's guidance.

Sales were down 4.4% on-year, which DJS attributed to a tough retail environment. The lower sales were offset by a lower cost of doing business.

DJS forecast no improvement in 1Q12 sales from the 4Q11, but reiterated its 1H12 guidance of a 15% – 20% fall in net profit.

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment