WHS - Warehouse Group

[Sideshow Bob]

I bit the bullet and sold out last WHS shares on the day of the recent downgrade. Had a decent run as a short-term thing.

Was lightening the load anyway at $4.10-4.15. Managed to sell the last at $3.69 that day, which at this stage looks pretty good......

Few headwinds out there, and end of the day, it is the Warehouse.

[winner69]

Chart tells an interesting story....broken down through all supports. Fight the technical's at your peril...took me a long time to learn that lesson.

Still above 200EMA so no worries -- that's the key indicator ..... think its about 280 at the moment

[Waltzing]

The last technical band is 2.35 to 2.40 May JUL 2021.

[bull....]

looks like all retailer shine is starting to come off now. i see jb yesterday sales update nz sales down for the current quarter 3 - 4 %

[Waltzing]

Outdoor retail clothing should take off next 2 years as virus is slowly dampen down. Next summer HLG and Rip Curl.

[LoungeLizzard]

When the macro-economic winds start to blow, the Red Sheds are the first to get flattened...

[see weed]

It is due to go ex div in about 11 weeks. Last April div was 13c which is about 9% yld for the last year. Maybe a slightly less div this April but still a good yld.

[LoungeLizzard]

It is due to go ex div in about 11 weeks. Last April div was 13c which is about 9% yld for the last year. Maybe a slightly less div this April but still a good yld.

A 13c dividend in 11 weeks time isn't much to look forward to if the SP has gone down 50c in that time.

[see weed]

A 13c dividend in 11 weeks time isn't much to look forward to if the SP has gone down 50c in that time.

That is right. Divie hunters (me) should hold off for a while and see how low sp goes and get in before the div rush.

[Beagle]

That is right. Divie hunters (me) should hold off for a while and see how low sp goes and get in before the div rush.

Hi mate, how's things ?
Just giving you a heads up that their divvy policy is to pay out not less than 70% of underlying profit for the year.
~ $40m profit = about 11.6 cps earnings for this half so 70% of that is 8 cps. I think given the uncertainties and potential near term threats to the business with Omricon and the significantly diminished cash position they are most likely to be in compared to the previous full year result (see an earlier post rough estimate for cash on hand at the pending interim report date I made a few days ago), the interim dividend will be right at the bottom of the 70% minimum limit, i.e. 8 cps, maybe 9 cps if you're lucky.

If they make $90m for the year that's 26 cps and 70% of that is 18.2 cps, possible estimate for the final dividend for FY22 is 10 cps. Grossing that up for imputation credits = 18.2 / 0.72 = 25.27 cps and on the current share price last time I looked of $3.41 that gives a gross prospective annual yield of 7.4%

Worth trying to dividend strip divvies of that size or hold for the gross yield ?, you be the judge.