WHS - Warehouse Group

[LaserEyeKiwi]

FYI - just watching post-cabinet press conference, and it sounds like large minimum wage increases in future years are not likely. the language being used is that raising to $20 an hour was a promised achieved and future rises may be more likely to be smaller and linked to indexation.

Positive for a company like WHS which has majority of retail workforce at or near minimum wage level.

[winner69]

FYI - just watching post-cabinet press conference, and it sounds like large minimum wage increases in future years are not likely. the language being used is that raising to $20 an hour was a promised achieved and future rises may be more likely to be smaller and linked to indexation.

Positive for a company like WHS which has majority of retail workforce at or near minimum wage level.

I thought WHS a fan of the Living Wage - Not that different

Annual report said median hourly rate of team members was $21.15

Really shocking that Nick's rate is over 33 times that

Probably even more after this years big bonus he will be getting

[winner69]

FYI - just watching post-cabinet press conference, .

Jeez mate, you like punishing yourself or something

Did Tova ask any decent questions -- or ws it left to Jessica to ask the questions the PM wanted to be asked

[Jay]

Hey more informed people than me!
Does Foodstuffs or the other crowd, can't think of their name as I write this, that hold about 5% or so from when WHS was looking to become a "supermarket" still got that share?
I'm sure one of them sold - at a loss I think.
Could a bit of resistance coming up or pressure on the sp if they decide to sell and cut their losses or for a profit in the nearish term

[winner69]

Hey more informed people than me!
Does Foodstuffs or the other crowd, can't think of their name as I write this, that hold about 5% or so from when WHS was looking to become a "supermarket" still got that share?
I'm sure one of them sold - at a loss I think.
Could a bit of resistance coming up or pressure on the sp if they decide to sell and cut their losses or for a profit in the nearish term

Go back a few posts

Foodstuffs /:Cash Wholesalers (who are Foodstuffs) still have 6% of company

They bought at $5 or more

Had more once but sold down.

Progressive got out ...cost them $100m ...pascoes bought most of their shares

[bull....]

be my guess pascoes might be interested in takeover of the warehouse one day

[Jay]

Thanks winner, I must have missed those posts
Wonder what pascoes intend to do or is it a nice income earner - done nothing so far I think
Perhaps they will combine with Famers and it will be known as the Farmhouse

[ratkin]

Thanks winner, I must have missed those posts
Wonder what pascoes intend to do or is it a nice income earner - done nothing so far I think
Perhaps they will combine with Famers and it will be known as the Farmhouse

https://www.stuff.co.nz/business/ind...-the-warehouse

This nicely gives the history

[bull....]

this is huge , a director buying shares on market at 3.77. i dont recall the last time this happened ... must be a long time ago

https://www.nzx.com/announcements/369891

[winner69]

this is huge , a director buying shares on market at 3.77. i dont recall the last time this happened ... must be a long time ago

https://www.nzx.com/announcements/369891

Even humongous cause she been a director for 5 years and this seems to be first time she’s held any


Problem is she is no longer truly independent ...has a vested interest eh.