WHS - Warehouse Group

[winner69]

they are going to take a huge hit on easter eggs.I saw aisles full of them on tuesday.they might be able to do a deal with the supermarkets to take them off their hands,but unless the god squad postpones easter it's dead stock.

Non essential business ...so in theory no access to stores .......so can’t move the chocolates on.

[winner69]

Suppose reasonable excuse from Nick for their stuff up

Sometimes doesn’t pay to have ‘good faith’

http://nzx-prod-s7fsd7f98s.s3-websit...675/319647.pdf

[blackcap]

Suppose reasonable excuse from Nick for their stuff up

Sometimes doesn’t pay to have ‘good faith’

http://nzx-prod-s7fsd7f98s.s3-websit...675/319647.pdf

And bye bye dividend.

[blackcap]

they are going to take a huge hit on easter eggs.I saw aisles full of them on tuesday.they might be able to do a deal with the supermarkets to take them off their hands,but unless the god squad postpones easter it's dead stock.

Although surely chocolate has a pretty long expiry date? Surely they can just sell them in 4 weeks time? Like they do with the eggs that they do not sell before Easter normally. 50% off or whatever it is.

[Sideshow Bob]

I’m pretty sure one of them bailed , if not both .

Sorry you're right!

Must Keep Up Bob!

[trader_jackson]

This is extremely naughty for an nzx 50 company to claim they are an essential service and therefore will remain open.
My thinking is they will not be allowed to stay open and, at best, be online only.

Surprised the share price is in the $1.60's, should really be sub $1.50... paying everyone in full (no doubt restructure on the way for May, but for now it looks like a nice PR job) whilst no revenue is coming through the door, combined with their food items (eg Easter) being worthless come re-open, and to top it off, a potential half a million dollar fine from the NZX.

[Balance]

Surprised the share price is in the $1.60's, should really be sub $1.50... paying everyone in full (no doubt restructure on the way for May, but for now it looks like a nice PR job) whilst no revenue is coming through the door, combined with their food items (eg Easter) being worthless come re-open, and to top it off, a potential half a million dollar fine from the NZX.

Highly unlikely that NZX can impose $500k fine on WHS - if it is true they use legal advice. Just needs to employ a QC at $2k an hour to take on NZX - wins every time when there's a legal opinion.

Chocolates unsold (Easter ones) will be recycled - sell or return as I understand it as is the case with Christmas chocolates.

[kiwico]

Dividend confirmed as being cancelled.

https://www.nzx.com/announcements/350723

[trackers]

Surprised the share price is in the $1.60's, should really be sub $1.50... paying everyone in full (no doubt restructure on the way for May, but for now it looks like a nice PR job) whilst no revenue is coming through the door, combined with their food items (eg Easter) being worthless come re-open, and to top it off, a potential half a million dollar fine from the NZX.

Well at least when you're paying minimum wage the govts ~$550 a week will go a long way to covering those salaries. Not so for businesses that have professionals

[Snoopy]

Well at least when you're paying minimum wage the govts ~$550 a week will go a long way to covering those salaries. Not so for businesses that have professionals.

'Minimum wage'? I thought WHS had moved to the 'Living Wage' for all staff?

SNOOPY