WHS - Warehouse Group

[Beagle]

https://www.nzherald.co.nz/business/...RR3UYH3KBF2XE/
Paywalled sorry. Lengthy article on the whole retail scene since Covid began. Haven't had time to read it yet, quite a long article. Just posting the link here so I don't lose it or forget to read it sometime in the next few days. (Its dinner time and I want my hot dog food, reading this article can wait).

[LaserEyeKiwi]

I put in a bid via Jarden Direct to buy some of the Foodstuffs WHS sell-down. I got two thirds of my order at $3.27 each.

Will be interesting to see the opening SP on Monday.

wow. What a great deal! Way lower than I thought it would be.

[blackie]

I have WHS shares in my Sharesies account.
can i participate in this "Foodstuffs WHS sell-down" thru Sharesies? as per this info attached

https://intercom.help/sharesies/en/articles/4375263-take-part-in-corporate-actions

[alokdhir]

Maybe theyve been looking to get out for a while and cutting their losses after it's gone up a fair bit. Who knows what they want the capital for but then their bread and butter is groceries and not stock investing.

But your lead managers and investment bankers doing it for u ...after all big bucks involved over $ 100 mil ...seems like they got professional advise that this is a good time to sell ....

[Cyclical]

Spent a lot of time shopping in Lidl when in the UK. Something like that could do well. The supermarket sector in this country really needs a massive shakeup.

Same, Tooting Bec was my local. I could make interesting dishes with creme fraiche, proper mozzarella, smoked salmon, chorizo and stuff like that for a fraction of what you can here. Was more of a budget continental type place. Then off to Asda to buy NZ lamb for cheaper than what it would be in NZ...pretty much sums up the issue.

[Gunner]

But your lead managers and investment bankers doing it for u ...after all big bucks involved over $ 100 mil ...seems like they got professional advise that this is a good time to sell ....

The same ones that advised them to invest in the mid 2000's and lose 50 million over that period in the investment?

[Cyclical]

Totally agree. The prices we pay in our supermarkets are an absolute rip-off. When I have visitors from rich countries like Austria or Denmark they cannot believe what prices we have to pay even if you factor in that we live at the end of the world. A duopoly doesn't constitute a competitive environment.

Just like the building supplies sector. Time Cindy came out and said we're being fleeced.

[Getty]

Good Call.

Timber literally grows on trees, and aggregates flow down rivers from erosion, & clog up rivers, or are just natures deposits in a hillside, yet the price you pay is more aligned to if they were made in Tesla's factory!

[winner69]

The same ones that advised them to invest in the mid 2000's and lose 50 million over that period in the investment?

Was strategic stake to hinder Warehouse plans to get into groceries and to block rumoured Woolworths takeover of Warehouse.

Something like that

[alokdhir]

The same ones that advised them to invest in the mid 2000's and lose 50 million over that period in the investment?

W69 answered it for me ...I am not a fan of their professional expertise about markets and sentiments but still they are professionals in the field ...cant be always wrong ...lol