A strange NZX announcement. Director Anna Campbell sells 25k shares and purchases 15k in error. Net result, sells 10,000.
https://www.nzx.com/companies/WHS/announcements/298616
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A strange NZX announcement. Director Anna Campbell sells 25k shares and purchases 15k in error. Net result, sells 10,000.
https://www.nzx.com/companies/WHS/announcements/298616
I see a lot of doom and gloom in the previous posts. Warehouse goods are not cheap and nasty. I would say value for money. Similar stock in No 1 shoes, Kmart, etc, at same quality, but higher prices. Its the Briscoes/Kathmandu deal all over again. High prices but when there is a special the prices come down. I would never buy from Kathmandu or Briscoes unless they did not have their specials. People have learnt this marketing ploy, and it will not be successful forever. Usually you will get a bargain at the warehouse, and when they are on special wow what a bargain. I bought some boardshorts for $4-74. Sure they have borrowed for expansion, which I feel was misguided. Remember when these shares were $7-50. The Warehouse Money card was an endeavour to move into loyalty cards, such as Farmers Card. Its a long term strategy, I hope it pays off. I have used mine a number of times on line. The Extra 5 - 10% discount is not great but its on top of other specials and once the public gets used to it, I think it will take off.
I would like to see them have a share issue, to clear all debt. A public company should not have long term debt. They have access to capital, and they should use it. I believe that if a public company has no long term debt, it would engender more confidence towards their shareholders. Better than raising capital because there is no profit (Wynyard). I would be happy to subscribe for more shares to repay all debt. I worry what it would do to the shareprice so it would have to be done very carefully, and should be mandatory on all shareholders.
No matter what business you are in there will be competition. If you are good at what you do the competition will think twice. That is why Ebay has never taken off in New Zealand. Trademe just seems to have it tied up pretty well. So we welcome competition. If they dont work out it scares off everyone else.
I see it as a worthwhile buy at under $2-30, div coming up, and the propensity for the shareprice to increase getting better all the time. I see it all the time, the shareprice drops, and everyone thinks it is going to drop like a stone. Just can't see it happening with the Warehouse.
Yes like you bottomfeeder, I see a lot of warehouse products as good value, all my phones have come from there and they have all been excellent for coverage, connectability etc. Bought a German made AEG vacuum cleaner from Whs 20 yrs ago and it's still going strong despite my wife's best efforts to blow it up. Use oil and other car products from there with no problems. Wear sports clothing from there, it looks good, breathes and functions well etc etc
I would never shop at the Warehouse for oil or car products. Each of our three vehicles need a specific type of oil, not a single one of which is stocked by the warehouse. Their range of car products is pathetic.
Why waste your time ? Repco or Supercheap has almost every variety of oil and car products for DIY maintenance at cheaper prices when on their regular 25% off storewide sales and what they don't stock you'll find a friendly customer assistant readily at hand to assist with ordering it in.
I've returned three items (airbed, air bed pump and bluetooth speakers) all faulty, in the last week. I'll not be bothering to shop at the Red Shed again. I appreciate their no fuss return policy BUT I buy goods to use them, not to stand in a returns queue!
The notion that a public company shouldn't carry debt is absurd. With interest rates still at lows, why wouldn't you carry appropriately geared debt?
You may dismiss Briscoes marketing strategy but it's been successful and continues to be so. Warehouse needs to look back to when it was selling quality goods - I reno-ed my kitchen in Smeg and Westinghouse product from the Warehouse. Currently they are peddling crap and their results are similar.
When people shop at Briscoes they think "value" when people shop at the warehouse they think "budget"
Exactly, and that is the problem for WHS. There long-term brand has been about budget but budget stuff is easy now for many categories as you have ebay, amazon, aliexpress etc. The other problem they have is that their range of product means that they look like a jack of all trades, master of none. BGR as an example have a much narrower product range and so find it easier to sell "value", whether that is actually true or not.