WHS - Warehouse Group

[macduffy]

im prepared to see if its a one off seasonal thing, maybe they need to plan better as warmer winters are becoming more common these days

You may be right, bull, but bear in mind that these profit downgrades are rather like cockroaches - they rarely travel alone!

[bull....]

yea forgiving only once, i say a long time ago i wondered how good there inventory management system is ( or is it the buyers? ) as they always seem to have problems with stock issues

[trackers]

Might be true mate.

So WHS fast adapters, multichanneled, have a strong brand and exhibited the ability to perform well year after year

So why have profits fallen every year except one (last 7 years) and divie is less than few years ago?

Just watching on the sidelines.. But one of the reasons the last few years have been more profitable is through minimal reinvestment into the business to make current profits look better but impact future profits.. They're paying for this now. They've spent quite a bit on store fitouts, rebranding, and stocking a higher quality product in the last couple years, the cost of which has yet to be recovered in profit growth.

I'm nervous about Torpedo7, and the finance arm myself

[Balance]

yea forgiving only once, i say a long time ago i wondered how good there inventory management system is ( or is it the buyers? ) as they always seem to have problems with stock issues

WHS's biggest problem is that it is no Walmart - a one stop shopping destination. It tries to be a bit of everything and lacks scale.

[Hoop]

[winner69]

A lot has happened since 2007 eh Hoop

One could also overlay all the key strategic initiatives / acquistions etc and still its all down hill

Shareprice has essentially followed earnings (what a surprise) - EPS down 50% since 2007

Still on a PE of 16 odd (this year forecast earnings) ..... what will happen if it gets rerated down to 12 or less

[percy]

A lot has happened since 2007 eh Hoop

One could also overlay all the key strategic initiatives / acquistions etc and still its all down hill

Shareprice has essentially followed earnings (what a surprise) - EPS down 50% since 2007

Still on a PE of 16 odd (this year forecast earnings) ..... what will happen if it gets rerated down to 12 or less

I suppose at a PE of 8 "everybody would get a bargain."

[kiwitrev]

James Pascoe Ltd takes 5% stake in WHS-the first ray of sunshine

[winner69]

James Pascoe Ltd takes 5% stake in WHS-the first ray of sunshine

Have they just taken the 5% or just gone over the 5%

Interesting if the Normans have accumulated the 5% recently, ESP seeing they are already bigger than WHS

Great success at taking over dogs these people

Percy - you seem to know the things ....what's up

[kiwitrev]

I read it just over the 5% with on market pchs half million so possibly the balance SPP participation