WHS - Warehouse Group

[bull....]

https://www.nzx.com/announcements/372548

Foodstuffs selling their ~9% stake at a floor price of $3.25.

This puts it right in the running for NZX50 inclusion.

free float will increase significantly so nzx 50 inclusion back in the running. would expect some new institutional investors to enter the register too.

[Dassets]

What a stunning loss of money from Foodstuffs, the old smartest guy in the room syndrome strikes again. Market up around 250%(incl divvys to be fair) since the smartest guy's (Foodstuffs) capital loss partially offset by dividends.

Suppose it also indicates Foodstuffs view on the competitive threat Warehouse represents to them today. But truly when in the last decade has WHS been a competitive threat to them or vice versa??

[Rawz]

What a stunning loss of money from Foodstuffs, the old smartest guy in the room syndrome strikes again. Market up around 250%(incl divvys to be fair) since the smartest guy's (Foodstuffs) capital loss partially offset by dividends.

Suppose it also indicates Foodstuffs view on the competitive threat Warehouse represents to them today. But truly when in the last decade has WHS been a competitive threat to them or vice versa??

Foodstuffs won't care too much I suspect. From their point of view they paid a small fee to guarantee their market position and profits.

Warehouse extra was a threat but clearly not anymore so time to sell up. Maybe they buy a stake in MFB?

[Getty]

@ the time of opening the WHS store in Sylvia Park, the thinking was that WHS was a threat in grocery lines.

That was to be a forerunner of new store format that could do a broader range of grocery than before.

The doors were built to enable cars to be driven in also, so they could be sold from there as well.

How much Foodstuffs s/holding was able to stifle the grocery expansion would be better answered by someone closer to the action.

[Panda-NZ-]

They own or have an exlusivity deal with a chocolate maker. It could be expanded to other food items using a similar set up.

[Panda-NZ-]

Warehouse bakeries?

Breads, pastries ie lots of similarity across that sort of thing.

[Getty]

An adjunct to an instore cafe?

[maclir]

Offered at bookbuild price range of $3.25 -$3.41 per share

[stoploss]

What a stunning loss of money from Foodstuffs, the old smartest guy in the room syndrome strikes again. Market up around 250%(incl divvys to be fair) since the smartest guy's (Foodstuffs) capital loss partially offset by dividends.

Suppose it also indicates Foodstuffs view on the competitive threat Warehouse represents to them today. But truly when in the last decade has WHS been a competitive threat to them or vice versa??

The threat wasn't warehouse so much , it was the threat that either Foodstuffs or countdown took them over and expanded the footprint .
https://www.stuff.co.nz/business/ind...-the-warehouse

[peat]

so, will reopening price be changed by the firesale?