WHS - Warehouse Group

[Beagle]

No question about it those are staggering numbers for all the wrong reasons ! No question this dinosaur is in long term systemic decline.

[Jaa]

Only viable option I can see for them is to start a supermarket chain to take over those leases. Not the extra half way house rubbish they tried, go all in.

In a country where the owners of a single Pak n Save can be worth $60m, the profit margins are there.

[Balance]

Only viable option I can see for them is to start a supermarket chain to take over those leases. Not the extra half way house rubbish they tried, go all in.

In a country where the owners of a single Pak n Save can be worth $60m, the profit margins are there.

Those Pak n Save supermarkets are rumored to make between $3m to $5m a year!

Warehouse has lost the opportunity to set up as a supermarket chain imo - market is already saturated by the two existing players.

Where I stay, there's 4 Countdowns, 2 Pak n Save and 3 New Worlds all within 10 minutes drive! One Countdown is closing soon however as the other is within 3 minutes drive! Madness.

[Sideshow Bob]

Those Pak n Save supermarkets are rumored to make between $3m to $5m a year!

Quite likely true. Why they get firmly held by the families that own them, and passed down to the kids, or get them into their own supermarket.

In Dunners, when they put a new Countdown in Sth D, they estimated that the impact on the local Pak N Save might be a loss of 27% of turnover, equating to $23m. Means they were turning over more than $85m through a supermarket.

That was 8 years ago!

[winner69]

Nick finished his presentation and pretty pleased with how it looks....and he’s introduced a few new buzzwords

Over theme remains the retail world is changing and we are changing with it and putting platforms in place to ensure our future and excellent progress is being made....but it will take time

Should appease a patient market

[winner69]

WHS a growth company at last .....from the headlines

EARNINGS PER SHARE
9.2 cents per share versus 3.9 cents per share in 2017, an increase of 135.9 %

That’s pretty good growth

[RTM]

WHS a growth company at last .....from the headlines

EARNINGS PER SHARE
9.2 cents per share versus 3.9 cents per share in 2017, an increase of 135.9 %

That’s pretty good growth

https://www.nzx.com/announcements/315243

Please read above link in conjunction with Winners comment......

[winner69]

Reading everything it seems that the Warehouse Group are saying that declining profits are ‘good’ as long as the decline is expected and anticipated

Anyway after a much improved H2 they should make $50m profit this year (on some fandangled definition of profit) and as long as the divie remains intact it’s all honky dory.

[BlackPeter]

They should not have put all the "decreases" into the begin of the announcement. Creates bad vibes. Will we see the today a drop through the magical $2?

[winner69]

They should not have put all the "decreases" into the begin of the announcement. Creates bad vibes. Will we see the today a drop through the magical $2?

And the drops were on things like ‘Continuing Business’ as well

But looking into the future things look bright so the $2 should hold for now ....good divie though