Agreed!!!!
Printable View
Hopefully they find another Noel lemming or torpedo 7 type acquisition. Very successful those were.
For anyone interested, here’s a link to NZX Continuous Disclosure Guidelines:
https://nzx-prod-c84t3un4.s3.ap-sout...d60622ac3a4d35
From a quick skim, if the information would move the share price by more than 10% then the information is material, if the movement would be between 5% and 10% it may we’ll be material. Therefore, I think it’s very safe to assume that the normalised FY21 NPAT won’t be as high as $200m. I’m with Winner in so much as I would be surprised if it was any higher than $175m given that there has been no market update.
how often is this strictly policed and what the market decides to do after the fact can simply be waived away. Else the price of a share would always be fairly valued.
Often the prices simply over shots on supply and demand or expectation of another good year after the current one comes in with a Beat the Street.
Emphasis added. I believe it is reasonable to infer that seeing as this guidance was issued quite some time before year end they were very confident the net profit would comfortably exceed that figure, therefore market expectations are that they will do exactly that and there is therefore no need to update the market.Quote:
Guidance for FY21
As a result of the strength of trading through to the end of Q3, and the
expectation that Q4 FY21 Group sales will be similar to Q3 FY21, adjusted
NPAT for the full year is expected to exceed $160 million, subject to no
material changes in trading conditions. Gross margin levels are consistent
with those achieved during the first half of the financial year.
Reported profit for the half year was $55m. Adjusted profit adding back payment of wage subsidy and redundancy costs was $111m. Average expectation of reported profit from market screener is $110m = average normalized profit of $166m.
We'll know the result soon enough and everyone has had plenty of time over lockdown to position themselves for where they see it.
https://www.marketscreener.com/quote...364/consensus/
looks ready to break to the up side
Currently big delay in online deliveries
Warehouse should set up their own delivery network, cut out NZ post etc
Would not cost much, the drivers would be self employed couriers.
They have enough stores in the various divisions to make it workable
It's not as easy as you may think. Otherwise everyone would do it. Freightways not exactly making excess profits.
When businesses start going away from their knitting, i.e. a retailer getting into freight.. probably weigh on earnings in the end.
I ordered a printer from Noel Lemming last week and it got delivered in 2 days. Very reasonable I thought.
If WHS does $170m I will be very pleased and it will be freakin cheap at today's prices.