WHS - Warehouse Group

[Biscuit]

........ Goodbye Warehouse, once bitten, twice shy.,,,,

.

What! I'm the only one left holding the sled!!!!! Oh well, easy come easy go. If the sled Team is disbanding, I'll sell my small holding tomorrow! Up $153 on my $3500 on today's closing price so that's better than my previous encounter with owning WHS.

[winner69]

Latest news just confirms what I've said for some time

The only good thing in the WHS Group is Noel Leeming. Has high market presence in a competitive market and still continues to improve financial performance .... even though profit margin is 3%-4%. Noel Leeming probably worth about $300m if a stand alone business.

Warehouse Stationery is 'there' and thats the best you can say about them. Sharing space in Red Sheds might cut overheads but they risk losing business in doing so.

Well, the Red Sheds have stuff all sales growth over many years, seeing market share (presence) declining year after year and operating margins shrinking to critical levels, In other words a stuffed business model heading to possible oblivion.

And then the huge amount of HQ cost to keep what is really a slow moving train wreck going

As percy says why bother

[winner69]

Beagle the fat cows at WHS

Is truly mazing whats happened since that idiot Grayston started

Done heaps of restructuring and tremendous stuff they say but WHS profits down etc etc etc

But ...

Number of 'team members' earning over $500k in 2015 was 12 in 2015 .....under Nick's reign now 20
Number of team members earning between $200k and $500k was 61 in 2015 ..... now 118

Wow

Note: numbers may be a bit off cause i added them in my head and its still early

[winner69]

and don't forget that in F19 Nick earned about 40 times the median pay of all team members

[Biscuit]

and don't forget that in F19 Nick earned about 40 times the median pay of all team members

OK, OK, can you wait till after ten?

[winner69]

OK, OK, can you wait till after ten?

what happens after ten?

[Balance]

what happens after ten?

He needs to sell a few?

[winner69]

He needs to sell a few?

But after the surge late yesterday share price will probably continue to go up today

The cash still there .....divie still to be paid but next year

[Biscuit]

He needs to sell a few?

Yeah, I'm trying to bank my $153 profit.

[arekaywhy]

Yeah, I'm trying to bank my $153 profit.

At least a couple of jugs in there, nice