WHS - Warehouse Group

[ratkin]

WHS a growth company at last .....from the headlines

EARNINGS PER SHARE
9.2 cents per share versus 3.9 cents per share in 2017, an increase of 135.9 %

That’s pretty good growth

Surely a mistake, how is that even possible given the decline in all the other numbers

[Beagle]

Looking at the Noel Leeming result and profit growth you'd be forgiven for thinking this is the golden child severly handicapped by an aging and slowly dying parent.

[Ogg]

Looking at the Noel Leeming result and profit growth you'd be forgiven for thinking this is the golden child severly handicapped by an aging and slowly dying parent.

They need to spin off Noel Leeming.

[Balance]

They need to spin off Noel Leeming.

Heavens forbid!

Noel Leeming has gone from Bhatnagar to Eric Watson to Private Equity to Warehouse!

Enough torture for the poor souls working in there!

[Ogg]

Heavens forbid!

Noel Leeming has gone from Bhatnagar to Eric Watson to Private Equity to Warehouse!

Enough torture for the poor souls working in there!

They need to spin off the Warehouse.

[winner69]

Looking at the Noel Leeming result and profit growth you'd be forgiven for thinking this is the golden child severly handicapped by an aging and slowly dying parent.

...but surely it’s the world class management at WHS that’s driven that growth

Looking at the Noel Leeming result and profit growth you'd be forgiven for thinking this is the golden child severly handicapped by an aging and slowly dying parent.

What you reckon NL worth if floated anyway?

EBIT maybe $30m this year .....so npat say $20m.

[Beagle]

...but surely it’s the world class management at WHS that’s driven that growth



What you reckon NL worth if floated anyway?

EBIT maybe $30m this year .....so npat say $20m.

Thanks for the good laugh mate.

Maybe a PE of 15 with the way Noel Leeming is growing ?, so maybe $300m.

[winner69]

Thanks for the good laugh mate.

Maybe a PE of 15 with the way Noel Leeming is growing ?, so maybe $300m.

Growth just didn’t happen ...has to be good leaders / management somewhere in the mix

So $300m for NL .....wHS market cap $700m .......hmmmm

[Beagle]

Growth just didn’t happen ...has to be good leaders / management somewhere in the mix

So $300m for NL .....wHS market cap $700m .......hmmmm

Give it a few years and Noel Leeming will probably account for the vast majority of the value in the group in my opinion.
Three years hence, my prediction, market cap $400 - $500m, Noel Leeming value approx. $400m.

[winner69]

Give it a few years and Noel Leeming will probably account for the vast majority of the value in the group in my opinion.
Three years hence, my prediction, market cap $400 - $500m, Noel Leeming value approx. $400m.

For your sake I hope they float it soon

You’d love another growing retailer in your portfolio eh