Doubled down on these last week. The way they are converting sales increases to the bottom line makes them a really compelling proposition and a lot of what they sell are consumer staples.
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Doubled down on these last week. The way they are converting sales increases to the bottom line makes them a really compelling proposition and a lot of what they sell are consumer staples.
Suppose the management consultants have deserved every cent of the $20m plus 'success fees' they are going to get (restructure stuff)
At least all transformational / restructure / redundancy costs don't show up 'Adjusted Profit' - they've done well in sticking to the Adjusted Profit basis of reporting and no body has really noticed the $100m or so of not normal costs over the years)
Looking forward to $200m plus Adjusted Profit this year
Sold the remaining one third OCA and bought WHS... I recommend that to others also. Right now WHS looks better than good
Sold the remaining one third OCA and bought WHS... I recommend that to others also. Right now WHS looks better than good
What a difference a year makes, this time last year you were all slagging the warehouse off as a troublemaking dog. Now you all pumping it up like it the next walmart
Classic turnaround story and all the benefits of their new "agile" strategic approach are starting to bear fruit with a bountiful harvest in the years to come.
Resistance is futile...can't fight the new trend which is definitely your friend :)
I am not talking about the share price.
The company were sharetrader big rogues. Firstly for saying they were going to be open during the first lockdown when they were not. Secondly for taking subsidy money, then laying off loads of staff. Thirdly for having awful management
Yes i know all that and get it which is why i said those shd who have been there the whole year and hung in deserve recognition as winners. To me its about what is coming up more than what is past, the past is the past we can't change that... but the future has not been written yet and that is exciting
whs turnaround strategy started in 2017 , things look encouraging i reckon. the 700 odd staff who lost there jobs was part of the strategy of cost cutting to meet the stated aims they said in 2017 of demand driven outcomes in response to data outcomes and making the business more simple.
if they cut the number of stores over time lease reduction expenses will add significantly to the profitability of the company going forward and likely higher div's ... so time will tell on this one
I was in there the other day it was quite busy , heard some people talking sounded like they were saying these whs clothes are so cool , i used to shop at hlg but now whs clothes are way better and cooler. had to chunkle to myself that wow whs is way cooler now used to be the other way round lol.
whs turnaround strategy started in 2017 , things look encouraging i reckon. the 700 odd staff who lost there jobs was part of the strategy of cost cutting to meet the stated aims they said in 2017 of demand driven outcomes in response to data outcomes and making the business more simple.
if they cut the number of stores over time lease reduction expenses will add significantly to the profitability of the company going forward and likely higher div's ... so time will tell on this one
I was in there the other day it was quite busy , heard some people talking sounded like they were saying these whs clothes are so cool , i used to shop at hlg but now whs clothes are way better and cooler. had to chunkle to myself that wow whs is way cooler now used to be the other way round lol.
My sentiment re management/culture hasn't changed but heck you have to turn a blind eye to all that when the market gets excited and enthusiastically bids the share price up
I reckon Grayston just got lucky this year ....how long will his luck hold ...only time will tell
Bit like being a Spurs fan in the EPL ....one year we will get lucky and actually win something again (and the year after go back to normality)
Yes I am always wary when shareprices get too excited. As a holder it is great to see rising prices, but it does seem to cause some to get a bit carried away (Bull calling warehouse clothes cool)
Next few days should be interesting, obviously a good result expected.
premier reported yesterday in aus , very strong numbers
they had this to say
Premier Investments statutory NPAT $188.2 million, up 88.9% on 1H20
Premier Retail Global sales of $784.6 million, up 7.2% on 1H20o Global like for like sales up 18.2% on 1H20o Record Peter Alexander sales of $207.7 million, up $62.9 million or 43.4% on 1H20o Record online sales of $156.7 million, up $59.5 million or 61.3% on 1H20 andcontributed 20% of Global saleso Apparel Brands like for like sales up 18.5%
Premier Retail Gross Margin up 286 bps Premier Retail EBIT of $237.8 million, up 88.5% with EBIT margin up 1,308 bps Premier’s investment in Breville at a market value of $1.0 billion as at 30 January 2021(Balance sheet value of $268.1 million)
Interim dividend of 34 cps, in line with 1H20
Strong trading momentum has continued into 2H21 with Global like for like sales up 32.1%and gross margin % up 379 bps for the first seven weeks
http://research.iress.com.au/IDS/old...091850000&ppv=
So most retailers are reporting continuing strong sales still and even into the new reporting period and better margins as well. lets see if whs follows the trend today
great result
http://nzx-prod-s7fsd7f98s.s3-websit...678/343022.pdf
gross margins very impressive
biggest div ever paid for this half i belief 13cps wow huge
well done turn around looks good
Joan says - Due to the continued uncertainty in the trading environment the Board does not consider it appropriate to provide guidance at this time. The Board will continue to assess this position ahead of year end.
Hey Beagle- you better do it for her :t_up: