Well done Warehouse Group in repaying the wage subsidy ...all $68m of it
Puts a couple of cash rich listed retailers to shame
Hope they get some goodwill out of it
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Well done Warehouse Group in repaying the wage subsidy ...all $68m of it
Puts a couple of cash rich listed retailers to shame
Hope they get some goodwill out of it
Wondering if the government will show some goodwill to taxpayers by getting Trevor Mallard to repay the $330k (plus more to come) charged to us all after he destroyed a person’s life.
And how about returning the election bribe of $100m from the Maoris to fix maraes when they are already sitting on billions of dollars of settlement money.
What a load of humbug.
whs probably out perform HLG now. well done whs
Does anyone have forecast interim figures before and after subsidy repayment..if the subsidy is to be repaid then it should come from employees as the funds were paid to them via the employer, not for the employers use. But don't tell me whs will not have enough funds to repay the subsidy as well as a 6 month dividend and if so then its bad news again. Full year dividend foregone too from earlier in the year so doesn't that indicate the company is losing money. Which is another reason to not invest in companies despite what economists try to say about investing in the productive economy vs the non productive housing sector. Warehouse shareprice is down from 3 dollars precovid to 2.55 so the repayment is a bit of a joke to appease hypocritical pollies and others. Am looking to exit some positions soon as a result of this. Some pollies tell us they want to slap on an asset tax... that'll be the day
The warehouse had better be paying a dividend next time round... shareholders have lost share value as well as lost income from the previous two(?) announcements. So that's a double whammy. We are relying on the income
https://www.nzx.com/announcements/365451
'The Group’s financial position has continued to improve from year-end and we expect the half-year’s net cash balance to be better than the FY20 year-end position of $168m.
Full Year guidance will be issued when the H1 financial results are released in March.'
may even be a small divy next year there - for winner but who knows .. ;)
think the market has been smelling large incoming Ca$h in the Retail Sector of recent times .. ;)
600 as per October report but then air nz laid off 3500 and who says anything. Warehouse still seems to overstaff imo compare the number of floor staff you see next time you're there with the numbers, at other large retailers.
Tom the cartoonist on management and marketing things always been very perceptive over the years.
Hope Nick wasn’t like this but then Nick is Nick so maybe he background said let’s go for it
I do not understand the antagonism towards the warehouse, sure they laid people off, but they needed to. Most of those complaining about the lay offs do not even shop there. Perhaps if they did the layoffs might have been avoided.
As usual hypocrisy is rife, buy everything online from overseas then complain when well loved shopping brands go out of business or cut staff numbers.
Bit more from Tom Fishbourne on 'Agility'
I don't think 'agility' will fix The Warehouse because they don't really know what it means - but that's just my view
'
Anyway what Tom said -
Next month marks the 20th anniversary of the Agile Manifesto. Twenty years ago, 17 software engineers went skiing in Utah. After bonding over their shared frustrations on the state of software development, they drafted the Manifesto for Agile Software Development.
The principles they defined helped change software development forever, but also inspired more widespread organizational shifts. As the signers later put it,
“This isn’t merely a software development problem, it runs throughout Dilbertesque organizations.”
David Hieatt recently said that agile principles helped get his two businesses through the twists and turns of 2020:
“Agile was no longer a nice management mindset, but how you saved your business. It bypassed adjective and went straight to a verb.”
And yet, in spreading so mainstream, the concept of agile has lost much of its meaning. Like many business buzzwords, if you ask 10 co-workers what agile means, you may hear 10 different responses (or even more).
One of the 17 original signers of the Agile Manifesto, Dave Thomas, wrote:
“The word ‘agile’ has been subverted to the point where it is entirely meaningless.”
For agile to stand for more than a buzzword, we have to define what we mean.
Nice upgrade https://www.nzx.com/announcements/365993
From $70m to $90m. Wow.