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Thread: WHS

  1. #3661
    percy
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    Quote Originally Posted by kiwico View Post
    The argument is that you don't need to be limited to making your money back on the same shares, but can instead make it back on another company.
    I think it was Warren Buffett who said he got 6 out of 10 buys right.
    I am not in Warren's league.
    What I try to do is hang onto my winners and sell my losers.[yes it really works].
    If I need cash out of the market,or want to buy another share, I sell my worst performing share.If it is at a great loss,so be it.
    If you do not make mistakes you are an oddity.Learning from them is education.
    Last edited by percy; 15-10-2020 at 06:21 PM.

  2. #3662
    Legend peat's Avatar
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    what a funny old world... strong push today
    For clarity, nothing I say is advice....

  3. #3663
    Member bottomfeeder's Avatar
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    Pressure on WHS to repay some of its covid subsidy, following Briscoes repayment plans.
    Last edited by bottomfeeder; 16-10-2020 at 10:17 AM. Reason: should check spelling before posting

  4. #3664
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    Going gangbusters today, what's going on?

  5. #3665
    Member bottomfeeder's Avatar
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    WHS announce they are going to keep wage subsidies.

  6. #3666
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    Salty that the government didn't see them as essential. Public image is massive, not sure if this is the right move.

  7. #3667
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    Quote Originally Posted by bottomfeeder View Post
    WHS announce they are going to keep wage subsidies.
    Yes it seems it due to this:

    https://www.stuff.co.nz/business/123...r-strong-sales

  8. #3668
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    Craigs have moved WHS to overweight with 12mth TP of $3.00. Forecast divis restart with F21 0.22 cps, which wld deliver 9.5% yield on todays price.

  9. #3669
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    Quote Originally Posted by nizzy View Post
    Craigs have moved WHS to overweight with 12mth TP of $3.00. Forecast divis restart with F21 0.22 cps, which wld deliver 9.5% yield on todays price.
    Good to keep it for the records, thanks for sharing.

  10. #3670
    Member bottomfeeder's Avatar
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    A lot of commentators think they know whats going on. I dont think anyone really knows what is around the corner.

  11. #3671
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    Can't agree more. What I do no is I have 7k in a savings account and got 22 cents net for it last month. Have to find somewhere more fruitful to plonk it. I'm sure there's lots in my position

  12. #3672
    Hunting for more dog food Beagle's Avatar
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    Quote Originally Posted by nizzy View Post
    Craigs have moved WHS to overweight with 12mth TP of $3.00. Forecast divis restart with F21 0.22 cps, which wld deliver 9.5% yield on todays price.
    Just a word of caution. They have paid no dividends for the last year and while it might be plausible they can pay 22 cps next year as a result of the spare cash flow from their lengthy dividend holiday it should be noted that the previous 5 years they averaged 16 cents per annum.

    I remain of the view this is a very poorly managed company with far too many people being grossly overpaid for well below average performance.
    $3 looks completely unrealistic to me. https://www.marketscreener.com/quote...64/financials/
    I note the average analyst view is for eps of 17 cps in FY21. $3 suggests a PE of 17.6 which would put it on an earnings multiple significantly above the very well respected retail operators like Briscoes and Hallenstein Glasson. Ask yourself how plausible that sounds ?...for example I have HLG on a forward PE of just 12 and currently growing sales at nearly 11% with a dividend yield of 12% gross. I did hold a small amount of WHS until very recently which I sold to reinvest in HLG.
    Last edited by Beagle; 17-10-2020 at 11:16 AM.
    No butts, hold no mutts, (unless they're the furry variety).

  13. #3673
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    Quote Originally Posted by Beagle View Post
    Just a word of caution. They have paid no dividends for the last year and while it might be plausible they can pay 22 cps next year as a result of the spare cash flow from their lengthy dividend holiday it should be noted that the previous 5 years they averaged 16 cents per annum.

    I remain of the view this is a very poorly managed company with far too many people being grossly overpaid for well below average performance.
    $3 looks completely unrealistic to me. https://www.marketscreener.com/quote...64/financials/
    I note the average analyst view is for eps of 17 cps in FY21. $3 suggests a PE of 17.6 which would put it on an earnings multiple significantly above the very well respected retail operators like Briscoes and Hallenstein Glasson. Ask yourself how plausible that sounds ?
    They have also sunk alot of money into online plays that aren't working. $30 million into themarket.com.

  14. #3674
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    Quote Originally Posted by jimdog31 View Post
    They have also sunk alot of money into online plays that aren't working. $30 million into themarket.com.
    And a $14m loss expected in F21

    and they say break even in two to four years ...which is code for never?
    “What the wise man does in the beginning, the fool does in the end”

  15. #3675
    Member bottomfeeder's Avatar
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    Not investing in WHS after announcement CEO gets a $1.4 mill payrise. What was that for. Oh yeah, applying for a wage subsidy when the govt was throwing money around and not paying it back. Oh and, laying off a lot of staff. He should be taking a pay cut. Am even removing the WHS from my watchlist.

  16. #3676
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    The Warehouse Group - Departure of Chief Operating Officer

    20/10/2020, 3:52 pmADMINAuckland, 20 October 2020
    The Warehouse Group - Departure of Chief Operating Officer
    Chief Operating Officer Pejman Okhovat has resigned from The Warehouse Group to take up a senior executive position with an overseas retailer and he will leave the business in the new year. Pej joined The Warehouse Group in 2005 and has held a number of senior operational and executive roles including most recently CEO, The Warehouse and Warehouse Stationery and Chief Operating Officer, The Warehouse Group.
    “Pej has played a key role in improving the performance of The Warehouse and Warehouse Stationery over the last few years and was instrumental in developing and implementing the strategy of everyday low prices, significantly growing the online business of both The Warehouse and Warehouse Stationery, and structuring the Red and Blue sheds to deliver a great omnichannel retail experience to our customers,” says Group CEO Nick Grayston. "Pej was also pivotal in enabling The Warehouse Group to trade through COVID during the level 4 and 3 lockdowns earlier in the year. On behalf of the Executive and the Board I would like to thank Pej for the significant contribution he has made over the past 15 years and wish him all the best in his new role.”
    Pej says, “it’s with mixed emotions that I have decided to leave The Warehouse Group after 15 years and take up a new opportunity. It’s been a privilege to work for The Warehouse Group and I look forward to watching the Company successfully deliver on its ongoing transformation and strategy to help Kiwis live better every day. I want to personally thank Nick, the executive team and the board for the support they have given to me over the years.”
    This announcement is made pursuant to Listing Rule 3.20.1.

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