Well done Warehouse Group in repaying the wage subsidy ...all $68m of it
Puts a couple of cash rich listed retailers to shame
Hope they get some goodwill out of it
Wondering if the government will show some goodwill to taxpayers by getting Trevor Mallard to repay the $330k (plus more to come) charged to us all after he destroyed a person’s life.
And how about returning the election bribe of $100m from the Maoris to fix maraes when they are already sitting on billions of dollars of settlement money.
Does anyone have forecast interim figures before and after subsidy repayment..if the subsidy is to be repaid then it should come from employees as the funds were paid to them via the employer, not for the employers use. But don't tell me whs will not have enough funds to repay the subsidy as well as a 6 month dividend and if so then its bad news again. Full year dividend foregone too from earlier in the year so doesn't that indicate the company is losing money. Which is another reason to not invest in companies despite what economists try to say about investing in the productive economy vs the non productive housing sector. Warehouse shareprice is down from 3 dollars precovid to 2.55 so the repayment is a bit of a joke to appease hypocritical pollies and others. Am looking to exit some positions soon as a result of this. Some pollies tell us they want to slap on an asset tax... that'll be the day
Well done Warehouse Group in repaying the wage subsidy ...all $68m of it
Puts a couple of cash rich listed retailers to shame
Hope they get some goodwill out of it
They should have kept it after being stitched up over lockdown opening. Although the wild price swings did enable me to buy a heap in the 1.50s on lockdown day.
The warehouse had better be paying a dividend next time round... shareholders have lost share value as well as lost income from the previous two(?) announcements. So that's a double whammy. We are relying on the income
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Originally Posted by winner69
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