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Thread: WHS

  1. #3031
    An Awesome Cool Cat winner69's Avatar
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    Earnings upgrade - performance not good enough to pay bonus’s in full (good)

    Does make you wonder how much these generous bonuses are though - holding back $6m of a much bigger expected amount ..hmm

    http://nzx-prod-s7fsd7f98s.s3-websit...640/305981.pdf

    In the previous update provided by The Warehouse Group on 25 July 2019, guidance for adjusted net profit after tax for the year was revised up to a range of $67m-$70m. It was also stated that the forecast included a full accrual for the year’s incentive payments. As expected, these have not been fully triggered and, as a consequence, we are further revising guidance for adjusted net profit after tax upwards, to a range of $73m - $75m.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  2. #3032
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    https://www.tvnz.co.nz/one-news/new-...in-living-wage

    Well this will stuff up the profit!! I know of at least 10 people that will move up from $17.75 per hour to living wage. Either prices go up or profits go down which will it be????

  3. #3033
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    Quote Originally Posted by Ggcc View Post
    https://www.tvnz.co.nz/one-news/new-...in-living-wage

    Well this will stuff up the profit!! I know of at least 10 people that will move up from $17.75 per hour to living wage. Either prices go up or profits go down which will it be????
    Maybe neither of those if expenses fall enough. Big push to reduce costs as more sales move online and distribution is centralised. Recently reported 11 centres to close, 150 staff affected. And probably more automated checkouts.

    Some cost reductions will be offset by pay relativity of course. Then again workers might stay longer if they can't get the same rate elsewhere.

    The government will be happy as tax take increases and income related transfers reduce, sometimes very sharply. Seem to recall media reporting last year a woman who took on 10 hours extra work a week and was $50 better off in the hand.

  4. #3034
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    No interest in the Warehouse result?
    Looks fairly promising, and if there is going to be a recession then the warehouse should do better than most.

  5. #3035
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    Quote Originally Posted by ratkin View Post
    No interest in the Warehouse result?
    Looks fairly promising, and if there is going to be a recession then the warehouse should do better than most.
    Price is up on good volume today. Up 19 cents since the end of last month, now at $2.41

  6. #3036
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    Well done to the few that ignored all the negative rants on here, how wrong can the herd be. Hope that didnt influence anyone the wrong way. NZX chart only goes 2 years,S/P at a new high on the highest vol as well.

    • Adjusted Net Profit After Tax of $74.1m, up 25.6 per cent on last year

    • Reported Net Profit After Tax attributable to shareholders up 185.8 per cent to $65.4m
    • Group sales were $3,071.4m, up 2.6 per cent compared to FY18
    • Warehouse Stationery achieved a record operating profit of $16.7m
    • Noel Leeming sales up 5.0 per cent, achieving record retail operating profit of $38.1m
    • Group online sales (online, mobile and mobile app) up 18% to $239.2m
    • Final dividend of eight cents per share, total dividend for FY19 17 cents per share

  7. #3037
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    It will be interesting to see how "The Market" goes... they are certainly chucking alot of money at it to develop it.

  8. #3038
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    WHS has been a "brilliant" hold compared to some other retailers over the last 3 years...opps hang on a minute HLGWHSchart.jpg HLG in blue.
    Maybe those who issued the so called negative rants warning people off have done others a tremendous favour...
    Last edited by Beagle; 25-09-2019 at 03:25 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  9. #3039
    Trying to get outta here
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    Quote Originally Posted by Beagle View Post
    WHS has been a "brilliant" hold compared to some other retailers over the last 3 years...opps hang on a minute HLGWHSchart.jpg HLG in blue.
    Maybe those who issued the so called negative rants warning people off have done others a tremendous favour...
    Lol I choose the blue line pedigree please, the other mongrel still needs a lot of flea treatment.

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