WHS - Warehouse Group

[Beagle]

Judith Collins says it on behalf on all Aucklanders https://www.nzherald.co.nz/nz/covid-...NBBKEV26CKHIE/

She reckons the wider Auckland region is about 40% of N.Z.'s population. Add in the Waikato region in lockdown and soon to be Northland with cases up there today and that's quite likely to amount to about half of the population of the country in level 3 lockdown. Warehouse said dividend is on the assumption of predominantly level 2...I would say half of N.Z.'s population in level 3 means by most reasonable interpretations of the word "predominantly" means the test isn't met. Given the level of ongoing uncertainty it would appear to be imprudent to pay out $60.7m in dividends in unprecedented times like this with the chances of more Covid spread south of the Waikato region.

I reckon payment of the dividend is at best, a 50/50 call given the board have "form" when it comes to cancelling dividends before.

I think it was clear to everyone that Delta is different so the boards decision to burn through their cash rather than taking Govt Covid support is looking more and more reckless with each passing day. I'm calling it, their decision was a breech of their fiduciary duty to act in the best interests of shareholders. Heads should roll, they're incompetent. These people have let ESG considerations dominate their thinking. A sad sign of the times we are living in when all things ESG seem to trump all other considerations.

[Waltzing]

Beagles ... gotta love the Hunt..

[nztx]

Our dividend curry - you reckon there - Beagle ?

Well they could keep the Ca$h and do a share buy back instead - none of us would object much

Or do nothing - that way the extra value accumulates into potential NTA & SP values

It may save some of us getting stung @ 39% on the Socialist deemed excesses

[Waltzing]

It was a stock to move some off the table in light of economies in the west opening up and moving exchanges ASX first and then Europe later in the new year as case numbers drop.

Not enough liquid to exit all positions in entities yet, 50 % moved.

Mr B has summed it up and Bull with the "Shambles" or similar statement.

Business are going to be wondering what rules apply to them and how they are going to manage everything day to day.

The so called GVT had 16 months to get its ducks in a line.

Geo Risk is real and the games a foot.

NZ could have thought BIG and gone for a world beating solution but they thought small..

c'est la vie.


https://www.youtube.com/watch?v=xeRwBiu4wfQ

[Panda-NZ-]

Vaccination rates at 70%, a 20% jump from last week.

It's really strange that we aren't open for business during summer.

[Waltzing]

Just remember as Hillary has just stated on Tik Tok Seven News there is a super spreader event this xmas coming to a town , city, beach, park, lake, camping ground near you, when 2 million aucklanders all try to escape auckland at once.

as Hillary pointed out, Border control anyone to help check paper work? No border practical of course. Cant imagine why she thought there would be a border operating after Dec 1.

Shop now. Quick, or soon, or online.

Dont forget to get that full face mask rebreather unit cause even thought the chances are small of a break through you just dont want to run the risk after you have put in 10 years of U2 training.

Hillary is going to open up the country!!!!!

Well that it she's spoken and the PM might as well just ask Hillary when she has to do it!!!!

its a Tik Tok country now people but i really think Allison needs to get some dance lessons from the blonde sports girl.

If you really want Olympic class stuff though there is a tall brunette who never goes on dancing with the stars. Trained by the best in sydney and london.

Back to the money honey.

And if the Div is postponed you might be able to rebuy some back at 3.60-3.70.. You never known your luck but you would hope that T7 has a higher margin on its stock and the cans of fruit dont come from bluff.....

[winner69]

"………….

I reckon payment of the dividend is at best, a 50/50 call given the board have "form" when it comes to cancelling dividends before.

I think it was clear to everyone that Delta is different so the boards decision to burn through their cash rather than taking Govt Covid support is looking more and more reckless with each passing day. I'm calling it, their decision was a breech of their fiduciary duty to act in the best interests of shareholders. Heads should roll, they're incompetent. These people have let ESG considerations dominate their thinking. A sad sign of the times we are living in when all things ESG seem to trump all other considerations.

I’ve thought about that divie …..it will be paid as advised.

Jeez imagine the carnage if they cancelled it ….and the loss of investor good will.

Even if cash has been ‘significantly run down’ they can alway use the overdraft facilities ..boot first company to borrow to pay divies.

Any retail nationwide opens onbDecember 1st and that huge pent up demand will burst forth and the cash coffers will be overflowing by Christmas.

And then onwards to making $160m in F22 …..an eps of 43 cents so WHS currently trades at a PE of 9 (cum dividend) and a prospective dividend yield of 11% (gross) …..[SIZE=1much better than going east waltzingman eh[/SIZE]

No worries here

[Waltzing]

Winner we only moved 50% percent of the position to ASX stocks:

Yes short term the profits will probably continue.

Mr B voiced concerned we had over the P&L. You will notice many of these retailers have Older Ascii text based screens at the counters.

Nothing wrong with that but it shows you that the retail inventory system are older and how WHS handles its IT will be critical.

Then if the move to cloud that brings a whole new nightmare as IT people start to realise that just a new server model that replies on REST API's

the nightmare of moving older systems can actually have a huge effect in the next few years on getting those logistic system more efficient.

the big moves in the future will be in travel and travel technologies.

Yes the DIV is huge! Not doubt about it but the near term profit on the trade out weights being stuck in a NZ stock that faces head winds.

There are 40% gains to be made next year on other exchanges in certain sectors.

A diversified portfolios is safer than going overweight on retail companies with old technologies.

There is a chance that Retail NZ is going to be left so far behind technology wise in the next 5 years .

Every time we see those old ascii screens i start to think OH dear.

Notice that MS's new GUI is starting to look like a phone as they start to create a more plug and play OS.

Plug and Play is where its at and the more i get to play with our new toy the more i realise the future is this distributed software model that runs on multiple OS's.

never want to go back to using standard stuff that cant move across boundaries.

These firms face some big problems if they havnt started to move data where it can be reused for the new retail experiences.

[Beagle]

I’ve thought about that divie …..it will be paid as advised.

Jeez imagine the carnage if they cancelled it ….and the loss of investor goof will.

Even if cash has been ‘significantly run down’ they can alway use the overdraft facilities ..boot first company to borrow to pay divies.

Any retail nationwide opens onbDecember 1st and that huge pent up demand will burst forth and the cash coffers will be overflowing by Christmas.

And then onwards to making $160m in F22 …..an eps of 43 cents so WHS currently trades at a PE of 9 (cum dividend) and a prospective dividend yield of 11% (gross) …..[SIZE=1much better than going east waltzingman eh[/SIZE]

No worries here

https://www.marketscreener.com/quote...64/financials/
Average broker forecast remains at $126m (eps 37 cps, forward PE 11) but I think there is real risk to the downside now as Covid numbers are set to explode and people with or without lockdowns will be more inclined to shelter in place at home. WHS online systems (my, and my friends experiment generated the same result), are very much second rate.

I got to thinking this week that its the younger people that will lead the rebound in retail and we both know there's a different retailer that really targets the younger demographic and has superb online systems.

WHS is scheduled to provide an update on Q1 sales on 12 November. If they're going to cancel / defer the dividend I expect they will do it then on the back of very disappointing first quarter sales (down YTD 22% will have a severe effect on Q1 profitability).

There's plenty to worry about, Covid numbers exploding, a board that puts all things ESG on a pedestal above almost everything else and supply chain challenges to name just 3.

[Snoopy]

I’ve thought about that divie …..it will be paid as advised.

Jeez imagine the carnage if they cancelled it ….and the loss of investor goof will.

I love the way you bring obscure investment lingo back into the domain of everyday use Winner. I had to look this one up though:

'Goof will': The unrealistic hope(s) of stupid investors, expecting a return that just cannot be justified on any rational basis

Good one! Although I am not sure if there is any real consequence of the Warehouse losing a bit of that? Not sure what the solution is though. In this low interest rate environment, maybe just a reset of expected returns based on more historic interest settings and market trading patterns?

SNOOPY