WHS - Warehouse Group

[winner69]

Much was been made in recent reports what a 'success' Noel Leeming has been

However with a razor thin EBIT margin of ~2% it doesn't contributes very much to the groups bottom line (after interest and tax is taken off) - but at least its positive

Wouldn't be counting on NL being the saviour for WHS

[percy]

The "success" Leemings has been for WHS, is access to "quality" products, which suppliers would not supply to WHS previously.

[tim23]

I dont think the company make enough of being one of the best payers of staff in retail sector it may appeal to customers sense of fair play it does to me anyway

[macduffy]

Apologies if this has been posted before - if so, I missed it. Article from last Saturday's NZ Herald about WHS putting its Newmarket premises up for sale and redevelopment. The implication is that WHS is prepared to leave Newmarket, relying on its neighbouring outlets to service local customers. A bold move?

http://truecommercial.nzherald.co.nz...ref=NZHNetwork

[Joshuatree]

FWIW my broker has a hold rating and"Unable to recover from slow peak season""Disappointing""Doing it tough" etc .

[winner69]

Into the 220's she goes ......and ominously closes on the low of the day / week .....and a huge sell off at the close.

Spose somebody thinks its a bargain buying at these prices.

[whatsup]

$2.29 and falling !

[BlackPeter]

$2.29 and falling !

Anybody noticed the depth? More than 6 million shares changed hands ... this must come close to capitulation!

[winner69]

Anybody noticed the depth? More than 6 million shares changed hands ... this must come close to capitulation!

.....and you get the 10 cent divie if you buy at these prices.yyyy

[macduffy]

Anybody noticed the depth? More than 6 million shares changed hands ... this must come close to capitulation!

Yes, I don't hold WHS these days but 6m shares is a huge number for a stock that rarely trades more than a few thou per day. RSI is now below 20, a level reached only 2-3 times in the last 10 years and then only briefly. Stand by for developments!