WHS - Warehouse Group

[Rawz]

SP only up 1.7% after an initial 4%+ jump.

Market says its ho-hum result?

Market says this is one off and not to be repeated next year.

Rawz says this christmas trading period will set records for the ages.

[allfromacell]

SP only up 1.7% after an initial 4%+ jump.

Market says its ho-hum result?

Market says this is one off and not to be repeated next year.

Rawz says this christmas trading period will set records for the ages.

I think the market is just adjusting to the sea of red across global markets today. It's already ran hard leading up to the results so I think the market reaction is quite satisfactory.

[nztx]

I think the market is just adjusting to the sea of red across global markets today. It's already ran hard leading up to the results so I think the market reaction is quite satisfactory.

yes -- looks that way

[Waltzing]

"17.5c dividend.. excellent"

stunning. Better then expected Dividend.

A lot of champagne glasses arriving from the german.

[winner69]

Revenues up 7.6% on pcp seems a great effort

However according to Stats NZ retail sales in NZ (in the sectors that TWG compete) were up about 16% - TWG didn't keep up with NZ retail spend - they lost market share

That's not good ....esp when looking forward


Interestingly in same period Briscoe Group sales were up 19%

[winner69]

Noel Leeming sales up 11.7%

JB HiFi sales were up 17.4% (June year end)

Stats NZ reported that Electrical and Electronic retailer sales were up 25%

Noel Leeming lost market share

Noel Leeming a bit bigger than JB Hi Fi - $1.2 billion sales v $0,26 billion. .....and JB Hi Fi don't make much money in NZ

[Waltzing]

w(n) - Bris Total Div , WHS total Div?

Product ranges across all these companies is quite different. WHS not even similar to HN.

It thats Whs has been very undervalued and needs repricing.

[Rawz]

W69 but sometimes you have to sell less to make more. What about the margin story?

[winner69]

Chair Joan apparently said divie is dependent on ‘NZ being predominantly at Level 2 or below at the end of October’

Wow 45 new cases in Auckland today ….hmmm

We have to PM and Hipkins sort this out quick.

[winner69]

W69 but sometimes you have to sell less to make more. What about the margin story?

I’m thinking about the sustainability of those margins ……..esp if consumers stop spending up big next year