WHS - Warehouse Group

[LaserEyeKiwi]

Amazon in the USA has recently been getting into the online pharmacy business - Warehouse borrowing the strategy seemingly and getting in first here.

[Watchful]

Ownership of Zoom Health from companies office includes the following, among others.

6923077 shares (26.02%)
The Warehouse Limited

2393403 shares (8.99%)
Snowball Nominees Limited

If we consider the Snowball funding round raised $2,660,064 - (looks like that was completed in February)

Followed with making the big assumption that The Warehouse entered at a similar valuation point - seems they may’ve invested around $7m, plus or minus.

[Southern Lad]

Watchful, if you open up the PDF document on the Companies Office titled Director Certificate you will see that the considerations for the issue of the new shares to WHS was $4,500,000, so maybe they got a bargain.

[Watchful]

Watchful, if you open up the PDF document on the Companies Office titled Director Certificate you will see that the considerations for the issue of the new shares to WHS was $4,500,000, so maybe they got a bargain.

Good spotting, thanks.

[Beagle]

Good work folks finding that. So on 346.8m shares on issue the net value per share of this new investment was $4.5m / 348.8m shares = ~ 1.3 cents per share and not material at all in terms of impairing their ability to pay a very handsome full year dividend in due course

[Joshuatree]

Bye the bye ,does anyone know who owns the chemist warehouse? As far as ive got is maybe American based in Virginia.

[LaserEyeKiwi]

Yes well done digging that up lads.

[Joshuatree]

Got it,Chemist Warehouse in Aus and NZ privately owned,shame.Sorry bout sidetrack.

[nztx]

Got it,Chemist Warehouse in Aus and NZ privately owned,shame.Sorry bout sidetrack.

Are WHS taking up a major stake in that for us as well ?

[bull....]

good work folks digging up that info , with WHS muscle behind it it will grow pretty quick now. good investment by the whs