It appears from anecdotal observation that the price of WHS is very dependant on the NZ exchange rate with the US.
As you will note the US just strenghtened.
Seems counter intuitive to me - unless of course The Warehouse is sourcing much of it's stock from the US these days.
Not necessarily sourcing stock from the USA but a lot of trade is either priced in USD or in currencies with a (specific or informal) link to the USD.
It appears from anecdotal observation that the price of WHS is very dependant on the NZ exchange rate with the US.
As you will note the US just strenghtened.
Seems counter intuitive to me - unless of course The Warehouse is sourcing much of it's stock from the US these days.
probably to do with this , but they do have hedging so probably only partly , overbrought short term , jitters on market all these thing dont help
Slowlearner
Do I detect a hint of sarcasm in your post, as if you are pleased to see a sell off? If so most posters will not appreciate the tone. As in all markets there will always be fluctuations in price and it is a matter of timing entry and exit points.
Behind the paywall at NBR but a quick look at companies office shows that WHS has bought 50% of Shop HQ - the new ventuyre for Shane Bradley who brought Grabone to NZ (with APN's funding).
Very interesting all these moves into on-line space, protecting their position and looking for growth, not just bricks and mortar reatilers-the way of the future. They have the $muscle to make this work. On another note and one which could work to WHS and other high dividend paying stocks advantage is the fact that this month over $500m worth of bonds that are not being renewed in the market are maturing. Typically bond investors look for yield so this could be a good thing.
Bookmarks