Pent up demand, no international or domestic travel and no competition with smaller retailers at level 3 in Auckland can only be good for the big chains like WHS.
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Share price seems stuck around 385 mark
The share price will go up by what divie is announced next and hopefully take it to 400
Depending on what Nick says about current trading and the year ahead that will the catalyst for the share price to keep rising to 420 …430 … 440 ….
If Nick is rather subdued we’ll see the 400 hit on the divie (amazes me how punters buy the divie) but see the share price drift back into the 360/380 range
But if Briscoes anything to go buy a boomer of a result coming up and maybe Nick will use Rod’s term ‘explosive ‘ when talking about post lockdown sales
Warehouse and their support of Woman’s Refuge ….and publicly being rather low key about it.
Reminds of me of what somebody told me about Westpac support of the rescue helicopter …… they donate a million to the service and then spend two million advertising what they’ve done and how good / generous they are
https://www.spglobal.com/spdji/en/do...-nzx-index.pdf
Happy reading ....
There is a resource here:
https://www.spglobal.com/spdji/en/in...ndex/#overview
that gives you the methodology in a pdf document here:
https://www.spglobal.com/spdji/en/do...-nzx-index.pdf
Basically it works like this (I am paraphrasing so don't quote me or hold me to this):
Value = Issued Shares x Share Price x Investable Factor
Investable Factor = % of Issued Shares not held by strategic insiders such as founders, directors, cornerstone shareholders, private equity etc. (e.g. Tindall foundation share are excluded)
Everyone is put into a list and ranked according to the value, if you are already in the top 50 you stay there unless someone passes an inclusion or exclusion threshold. If you are not in the top 50 but get to position 43 AND pass the liquidity test AND have been there for 3 consecutive quarters, then you are in and the lowest gets kicked out. There are ways you can be in the top 50 and then removed, e.g. takeover, value falls to a very low figure, lack of liquidity etc. It's all in the pdf link above.
It's not easy to get in or out and the intent is that it is not constantly chopping and changing. Last time I checked there were a few candidates knocking on the door such as Delegats, Warehouse & Hallensteins.