WHS - Warehouse Group

[ratkin]

What's the average price Pascoe's have paid?

Anybody know

My guess would be around 2.80. Let's hope it ends better than Jan Cameron's
foray into Pumpkin patch

[kiwitrev]

Numbers don't lie so I need help to understand the latest JP filing. This disclosure 64,537,890 shares, prev. disclosure 60,700,673 shares-a difference of 3,837,217. The transaction triggering latest disclosure declares 855,803 shares purchased 30 November. If the total number now held is correct where are the details of the missing 2,981,414 shares. Also we know on 30 November some 1.5+m shares traded at the close so a little intrigue as to who purchased the other 700k or so?

[couta1]

Kiwitrev, 30 Nov was index rebalancing day and WHS was removed from the MSCI small cap index hence the large volume of traded shares, the other 700k would have been purchased by passive index funds.

[winner69]

Numbers don't lie so I need help to understand the latest JP filing. This disclosure 64,537,890 shares, prev. disclosure 60,700,673 shares-a difference of 3,837,217. The transaction triggering latest disclosure declares 855,803 shares purchased 30 November. If the total number now held is correct where are the details of the missing 2,981,414 shares. Also we know on 30 November some 1.5+m shares traded at the close so a little intrigue as to who purchased the other 700k or so?

They only need to disclose the last sale that took them over the +1% mark - not all their buy/ sells since the last disclosure.

A bulk of the other 700k shares purchased on 30 Nov were probably BlackPeter topping up

Some insto just attach a printout of all there transactions - pages and pages of them sometimes

[kiwitrev]

Fair enough Couta, but how does the MSCI index correlate to the now holdings of JP which are now disclosed as 64,537,890 shares. Just trying to understand how it all works.

[kiwitrev]

They only need to disclose the last sale that took them over the +1% mark - not all their buy/ sells since the last disclosure.

A bulk of the other 700k shares purchased on 30 Nov were probably BlackPeter topping up

Some insto just attach a printout of all there transactions - pages and pages of them sometimes

Hi Winner
So as long as any single trade is under 1% no disclosure is required?

[winner69]

Fair enough Couta, but how does the MSCI index correlate to the now holdings of JP which are now disclosed as 64,537,890 shares. Just trying to understand how it all works.

No relationship / correlation between MSCI and JP

But as part of that rebalancing exercise that Couts mentioned JP might have picked up some of those that needed to besold by fund managers

[winner69]

Hi Winner
So as long as any single trade is under 1% no disclosure is required?

Only need to disclose when you increase / decrease by 1% from last disclosure ....and then only disclose the trade / event that took them over that threshold

In case of the last JP disclosure - they needed to disclose when they increased shareholding to 64,166,000 odd (18.5%). That happened with that purchase of 855,803 the other day even though that purchase was 0.25% of total shares.

Totally confused now aren't you.

You would have been happier if they listed all buy/sells eh

[kiwitrev]

Only need to disclose when you increase / decrease by 1% from last disclosure ....and then only disclose the trade / event that took them over that threshold

In case of the last JP disclosure - they needed to disclose when they increased shareholding to 64,166,000 odd (18.5%). That happened with that purchase of 855,803 the other day even though that purchase was 0.25% of total shares.

Totally confused now aren't you.

You would have been happier if they listed all buy/sells eh

Would sure make it easier for everyone after all not everybody is a sophisticated investor and it should be more transparent.

[winner69]

Good to see share price hanging in there about the $3 mark

How's this year going performance wise for WHS Group

After 4 years of declining EPS (ex Morningstar) hopefully F17 will be better?

Been some effort in seeing EPS down 44% in those 4 years - when core retail sales in NZ have been booming (up 18% in same period)

This behemoth has to turn around some time doesn't it?