WHS - Warehouse Group

[BlackPeter]

Whats peoples thoughts on a Fair value for WHS? , I believe at current prices this stock is a steal based on EPS,Revenue and Equity growth?

Depends on your definition of "steal". Analysts predict a 12 months target between 3.25 and 3.81. P/E based on EPS over the past 4 years looks quite good (11.2), but is inflated by one off property sales. Predicted P/E for this financial year (15.1) is o.k.-ish, but does not look like a steal in my books.

Obviously - its up to anybody's best guess how the move into consumer finance works out. Personally I would think that they have a good chance, and yes, if they do it properly, this would increase their value. If we remember good old FPA days, than the attached finance company added sometimes more value than the rest of the firm.

As well - the ongoing upgrade of stores and the (claimed) refocus on quality and customer satisfaction can only be good.

For my feeling the medium 12 month analysts prediction (mid of 3.60's) is not too bad. If finance works out however, than WHS might get a nice push upwards, but I guess this will take longer than the next 12 months.

In my view at current prices still worthwhile to buy and long term hold (and I am holding), but I wouldn't expect the trees to grow into the sky ...

DYOR.

[percy]

Yes I agree with everything WHS are doing,yet I think it will take a very long time to see results.We will have to wait to see whether the capital has earnt returns or just been spent standing still.
I still think retail is a very difficult sector to be in.
Not holding.Still watching.

[shonen knife]

Good announcement today https://www.nzx.com/companies/WHS/announcements/250198

THE RESHAPED WAREHOUSE GROUP REPORTS CONTINUED GROWTH
Group Sales for Q3 of $604.8 million
The Warehouse (Red Sheds) Same Store Sales up 3.0%
Warehouse Stationery (Blue Sheds) Same Store Sales up 6.1%
Noel Leeming Same Store Sales up 10.9%

No movement on the SP though , still happy to be on board though.

[BlackCross]

Good announcement today https://www.nzx.com/companies/WHS/announcements/250198


No movement on the SP though , still happy to be on board though.

I thought so too but the market commentator on the radio last night was pretty neutral on them. Personally I liked the chairman's comment regarding the near future "... a period of consolidation, where the emphasis will be more on leveraging returns from the base we have built..." Might buy a few myself.

[BlackPeter]

Confirming the uptrend with the recent break-through the MA100? Or bouncing back on the top band of the Bollinger channel? TA can be confusing . Where will it go?

Looking at fundamentals I would think that the up potential is at that stage limited (btw - Financial Times downgraded the TP slightly to $3.45 - that's where we are now), but than - if the recent earning season shapes out well, who knows what's going to happen?
Discl: sitting on the fence ... but still holding

[bull....]

it needs to break above 3.60 to break the recent downtrend, but is uptrending short term

[kiwitrev]

No news to discuss but thought it worthy to mention today a single trade 150k @ $3.40. Not your average everyday trade. Someone likes the Red Sheds.

[couta1]

The WHS charts are going to look like someone jumped off a cliff tonight bought some at $3.27 but closed at $3.24 and could possibly go lower looking at depth,hopefully she'll bounce though.

[stoploss]

The WHS charts are going to look like someone jumped off a cliff tonight bought some at $3.27 but closed at $3.24 and could possibly go lower looking at depth,hopefully she'll bounce though.

Couta ,hope you not bringing the couta kiss of death to the WHS, I reckon you should go long bear.asx should be about right for you
,

[percy]

The WHS charts are going to look like someone jumped off a cliff tonight bought some at $3.27 but closed at $3.24 and could possibly go lower looking at depth,hopefully she'll bounce though.

Why? Why? Why? Why?Why did you buy? Are you a Lemming? Not a good idea.! Leave the jumping off cliffs to others.!