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15-04-2019, 09:11 AM
#2971
They opening another "shed" in Auckland - Lunn Avenue by Stonefields only 3 1/2 walls up so far , but is to be a whole complex with smaller businesses in the surrounds (not a mall type situation, but other shops on the periphery). I have been told they owned the land (have for a long time) and therefore now the building, but do not know if they then will sell and lease back
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24-04-2019, 09:27 PM
#2972
I see a pretty new Warehouse building up for sale down my way with a 9% yield ... looks a great blue chip commercial property with 2030 lease
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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25-04-2019, 09:00 AM
#2973
Originally Posted by JBmurc
I see a pretty new Warehouse building up for sale down my way with a 9% yield ... looks a great blue chip commercial property with 2030 lease
Quite likely to turn into a white elephant in 2030.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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25-04-2019, 12:30 PM
#2974
Originally Posted by Beagle
Quite likely to turn into a white elephant in 2030.
Right as Bulk retail is no longer viable ...? Build costs deflate massively?
Personal I'd think in 21yrs build costs will be 30%-50% higher in NZD (as NZD devalues as it has done from day 1) warehouse might well exit but doesn't mean it won't be a tenanted property
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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25-04-2019, 04:11 PM
#2975
You might want to check your maths on the length of the lease
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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25-04-2019, 04:29 PM
#2976
Last edited by JBmurc; 25-04-2019 at 04:48 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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23-05-2019, 09:12 AM
#2977
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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23-05-2019, 09:49 AM
#2978
I spoke with a friend of mine who works within The Warehouse. She has seen staff morale drop to an all time low over the 10 years she has worked for the company. I went to a Hastings store and staff were openly discussing their dissatisfaction over management ( I did not know those people)..... Not a good look for the company.
The biggest discussion point was the difference between their wages and new recruits who know nothing. I would expect someone who has been loyal to this corporation for over 10 years should receive at least $5 per hour more than a new recruit. Their starting wage (in retail) is high at $19.50 per hour. Soon to be over $20 per hour as minimum wage will be there by 2021.
Most retail positions I know only pay minimum wage or slightly above, so how do we solve dissatisfaction amongst the staff in the red sheds.
Not an investor in this share as retail is a fickle game with overseas online stores taking most of the cream.
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23-05-2019, 10:26 AM
#2979
Originally Posted by winner69
Lots of good Troughing hands in this company. Lol
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23-05-2019, 11:30 AM
#2980
Originally Posted by couta1
Lots of good Troughing hands in this company. Lol
Even worse ...many are foreigners eh couts
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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