WHS - Warehouse Group

[winner69]

Full year results out on Friday

We know the bottom line will be a shocker. Even normalised Operating Earnings won't be that good.

However as the benefits from centralised services fully start to flow through and the ongoing execution of Nick's strategic plans brings further good results F18 will be a much better year.

Current share price 2 bucks odd could e see as a bargain price this time next year.

No worries. That Nick is a pretty clever dude and will see shareholders right.

[Ogg]

Rise in online shopping pushes world’s largest toy retailer into bankruptcy.

http://www.bbc.com/news/business-41316205

[couta1]

Noel Leeming the jewel in the crown of the warehouse group, dividend for the year remains at 16c, that should keep the punters happy aye.

[winner69]

Beat guidance

Of all the profit numbers given (takes your pick) this is the most relevant - Adjusted Net Profit After Tax from continuing operations represented $68.2M, a reduction of 1.4% compared $69.2M in FY16. (Takes out Financial Services)

Have to be impressed - Nick has the ship on the right tack - all good for the future

No worries

[bull....]

its a terrible result , even if they say they beat revised downward revision lol

they got problems at toperdo 7
warehouse stationary flat at best
warehouse falling , revenues only maintained by reducing margins
div in decline
more costs next yr for improving the business - say that nearly every yr

good parts though

noel lemming
store within a store - mentioned this a way back makes big sense if there trial works saves tons of money in the long run right thru the operating model

[couta1]

Hey bull your wrong about divvy in decline, stays at 16c for the year, same as last couple of years, eps in decline however.

[benjitara]

It's been a dog for a few years now. Time for management to knock on Briscoes door and ask them how they do it I think..

[Beagle]

its a terrible result , even if they say they beat revised downward revision lol

they got problems at toperdo 7
warehouse stationary flat at best
warehouse falling , revenues only maintained by reducing margins
div in decline
more costs next yr for improving the business - say that nearly every yr

good parts though

noel lemming
store within a store - mentioned this a way back makes big sense if there trial works saves tons of money in the long run right thru the operating model

Help me out here please mate, (time poor today). So if they can show a Noel Leeming store and a Warehouse stationary store within a store works they could save a TON of overhead going forward and there might be some bark left in this old dog ?

[LAC]

Glad that they cut the financial services but that result is terrible especially after offsetting that with the sale of New Market. Tough times for WHS. EPS decline.....I dont like it, lets see the markets reaction this morning.

[bull....]

Help me out here please mate, (time poor today). So if they can show a Noel Leeming store and a Warehouse stationary store within a store works they could save a TON of overhead going forward and there might be some bark left in this old dog ?

its warehouse stationary within a warehouse , noel leaming is standalone , i have mentioned on this thread long ago the savings to be made from doing this