Dick Smith Holdings Ltd., Australia’s largest electronics chain by store numbers, made its stock market debut with a valuation more than five times the sale price received by former owner Woolworths Ltd.
Harvey Norman Holdings Ltd. , Australia’s largest furniture and electrical retailer, had a 37 percent drop in profit after the effects of a government stimulus package waned, curbing demand for household goods.
The following is a list of companies whose shares may have unusual moves in Australia. The preview includes news announced after markets closed on Dec. 17. All prices are from that day’s close unless otherwise stated.
On a sidewalk in Sydney’s Bankstown neighborhood, where unemployment is more than double Australia’s average, Dave Cox pulls the starter cord of an edge trimmer to prove it works as he tries to sell it to pawnbroker Cash Converters International Ltd.