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Thread: WHS

  1. #3941
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    Quote Originally Posted by alokdhir View Post
    As all these retail stocks most time are one result wonders only ....so I am very vary of these and their dividend yield theme ...Divvies dont make up for the big capital loss risk they pose ...also very illiquid so not easy to get out too especially when theme turns sour ...
    According to Kiwibank retail card spending annual growth in March quarter was up 41.8% - not much danger to worry about yet.
    Last edited by LaserEyeKiwi; 08-04-2021 at 04:36 PM.

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    Quote Originally Posted by LaserEyeKiwi View Post
    According to Kiwibank retail card spending annual growth in March quarter was up 41.8% - not much danger to worry about yet.
    Massive... thanks for sharing it

  3. #3943
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    Mary Jo in her blog did mention a grain of salt when discussing the numbers

    Thanks alokdhir for posting anyway ..report was pretty meaningless
    Last edited by winner69; 08-04-2021 at 04:47 PM.
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  4. #3944
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    Quote Originally Posted by LaserEyeKiwi View Post
    lol - spending for march quarter is up 41.8% year on year. but sure lets frame this as a bad thing says Kiwibank.

    https://www.interest.co.nz/personal-...-data-spending
    KB economist "there appears to be a limit to the number of pools we can fit in the backyard, or how many times we need to repaint the house."

    Me and most my friends bought bulk paint and building materials just prior to lockdown. We had a few days warning before level 4 so we hit the shops before 27 march last year. The resene shop was packed and the queue was out the door. At mitre 10 I witnessed others loading up trailers etc with you name it. I am surprised the yoy drop is only 9 percent because the first 2 and half months of 2020 were already busy.

    Edit: i might have confused which periods they are referring to. The report is ambiguous imo
    Last edited by Habits; 08-04-2021 at 04:58 PM.

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    Quote Originally Posted by Habits View Post
    KB economist "there appears to be a limit to the number of pools we can fit in the backyard, or how many times we need to repaint the house."

    Me and most my friends bought bulk paint and building materials just prior to lockdown. We had a few days warning before level 4 so we hit the shops before 27 march last year. The resene shop was packed and the queue was out the door. At mitre 10 I witnessed others loading up trailers etc with you name it. I am surprised the yoy drop is only 9 percent because the first 2 and half months of 2020 were already busy.

    Edit: i might have confused which periods they are referring to. The report is ambiguous imo
    Here it is on the Kiwibank website - very clearly shows the huge year on year increases still

    https://inner.kiwi/commentary/snap-l...ending-streak/

  6. #3946
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    Kiwibank transactional data - wonder how representative that is in the big picture anyway
    When investors are euphoric, they are incapable of recognizing euphoria itself.

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    I had a quick glance at that report. It is terribly written. It seems the March quarter is being compared to the December quarter, not that it says that. I would have thought such a drop was an annual event..? To then pour cold water on the annual growth of 41% because there has been a "structural shift away from cash" - does the author think EFTPOS cards were invented in the past 12 months? The report is absolute rubbish. The only thing to take with a grain of salt is the authors credibility.
    Last edited by Ferg; 08-04-2021 at 08:50 PM.

  8. #3948
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    Well they are SVR's bankers after all.

  9. #3949
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    Quote Originally Posted by Getty View Post
    Well they are SVR's bankers after all.

    Hmm well .. the rubber cheques have be left outside the door now then - don't they ?

    is that good or bad ?
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

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    yep i would take the kiwibank report with a grain of salt. retail sales up 41% yoy is huge even if it falls a little its not going to fall 41% this year and you would expect a little pull back. margins retail stocks are making are unlikely to fall though thats probably more important.
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  11. #3951
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    Quote Originally Posted by bull.... View Post
    yep i would take the kiwibank report with a grain of salt. retail sales up 41% yoy is huge even if it falls a little its not going to fall 41% this year and you would expect a little pull back. margins retail stocks are making are unlikely to fall though thats probably more important.
    Mary Jo who wrote that report said take it with a grain of salt.

    Stats NZ Card spend data next Tuesday will give a better idea of what’s gone on
    When investors are euphoric, they are incapable of recognizing euphoria itself.

  12. #3952
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    Perhaps part of the reasoning too? https://www.nzherald.co.nz/business/...P63DZ44BQI75Q/

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    Quote Originally Posted by Entrep View Post
    Can only pass on price increases if they have product in stock.....

    But in terms of WHS, currency has moved favourably in the last 12 months. Also think they already pay the living wage, so already were over $20/hr.

    Although the "living wage" will also no doubt increase.

  14. #3954
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    I think we agreed the other day that Mary Jo's Kiwibank report the othr day was rubbish.

    Stats NZ Electronic Card Spend data out today - covers all card spend in NZ (bit more robust than just Kiwibank transactional data I think)

    Below a summary

    Things are 'slowing' a bit they say - if you prefer the seasonally adjusted numbers
    Attached Images Attached Images
    Last edited by winner69; 13-04-2021 at 05:17 PM.
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    Quote Originally Posted by winner69 View Post
    I think we agreed the other day that Mary Jo's Kiwibank report the othr day was rubbish.

    Stats NZ Electronic Card Spend data out today - covers all card spend in NZ (bit more robust than just Kiwibank transactional data I think)

    Below a summary

    Things are 'slowing' a bit they say - if you prefer the seasonally adjusted numbers
    looks like appliance sales etc still went up ... so all good
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  16. #3956
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    expanding further on the retail sales

    Changes in the actual value of electronic card transactions for the March 2021 month (compared with March 2020)

    Durables sub-industry movements:

    • furniture, electrical, and hardware retailing, up $105 million (17 percent)
    • department stores, up $54 million (20 percent)
    • recreational goods, up $21 million (16 percent)
    • pharmaceutical and other store-based retailing, up $9.9 million (2.9 percent).


    https://www.stats.govt.nz/informatio...ons-march-2021

    So look like the commentaries from the jbhi fi , harvey norman , warehouse etc all similar about sales etc still good into this year is continuing with another good month in march. still in line with my thinking that these types of stocks will still report very healthy results in the second halve this year and big increased dividends in line with the increased profits.
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    Part (all, or more?) of the annual increase will be due to the last week of March 2020 being in lockdown. The pharmaceutical anomaly might have been people stocking up pre-lockdown which masked the impact.

  18. #3958
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    More redundancies ...and prob getting rid of those stupid jewellery departments

    More profit for shareholders

    Good stuff

    https://www.stuff.co.nz/business/124...ndancy-rumours
    When investors are euphoric, they are incapable of recognizing euphoria itself.

  19. #3959
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    Quote Originally Posted by winner69 View Post
    More redundancies ...and prob getting rid of those stupid jewellery departments

    More profit for shareholders

    Good stuff

    https://www.stuff.co.nz/business/124...ndancy-rumours
    Sad for the workers eh. Sign of the times thou. Less employees, more technology, more automation. Blame amazon.. or progress.

    Sales booming yet we need less employees.. And this is what consumers demand- lower prices. Actually this is why in the long term I am a deflationist. The same product or service can be sold for less and less cost.

    The last time I went to the warehouse I picked out the product I wanted, purchased it at the self checkout and walked out without needing anyone's help. Don't recall seeing many employees actually- how many are left to make redundant?

    (NB. As a shareholder I am happy)

  20. #3960
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    Quote Originally Posted by Rawz View Post
    Sad for the workers eh. Sign of the times thou. Less employees, more technology, more automation. Blame amazon.. or progress.

    Sales booming yet we need less employees.. And this is what consumers demand- lower prices. Actually this is why in the long term I am a deflationist. The same product or service can be sold for less and less cost.

    The last time I went to the warehouse I picked out the product I wanted, purchased it at the self checkout and walked out without needing anyone's help. Don't recall seeing many employees actually- how many are left to make redundant?

    (NB. As a shareholder I am happy)
    Good on you for paying .....I'm told the game is to scan everything but dont proceed past the pay option....just pretend to swipe your card

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