Originally Posted by
BIRMANBOY
I see The Stormin Normans added another 3 million odd shares to their position..getting close to 18% or so I believe. "just an investment"...yeh right... The long plan yet to be revealed but of great interest since will no doubt have a big impact on what's happening in the retail area. So merely by taking over, improving and and running the jewellery areas in the WHS stores they would gain 92 plus outlets. Lets guess and say 200,000 turnover per outlet this makes 18.5 million additional turnover. Very attractive to both the Normans and WHS if profit share of some sort arranged. Or lets say the Normans are positioning themselves to cash up their holdings..at that time of life..as one does...and are working to be taken over, bought out, or folded into WHS. 38 Pascoes jewellery stores in NZ, Not counting Stewart Dawsons, average rental 60,000 PA? so close those and you save 2 million plus just in rental. JUST SPECULATION mind you..this is what makes this so interesting..so many possibilities. not to mention all the Prouds Jewellery stores in OZ as well as Farmers etc. You don't "invest" in someone else's business and get 7% when you can invest in your own and get 20%.....so yet to be divulged but the bottom line has to be an increase in SP when this unfolds. Just the old ugly sisters, what, if and when.