WHS - Warehouse Group

[BRICKS]

AT the price of $6.00 it seems more want to BUY than SELL still think his plan is way out of whack should have just battled away at buying 51% in slow motion then sprung the TRAP.. [8D]

[underground]

between tindell and the tindell foundation he already does control 51%. i think?

[minimoke]

quote:Originally posted by underground

between tindell and the tindell foundation he already does control 51%. i think?

Not quite 48.8%:

Total Number of shares 305,488,868
83,058,283 TINDALL, STEPHEN ROBERT
66,323,220 THE TINDALL FOUNDATION
25,922,166 NATIONAL NOMINEES NEW ZEALAND LIMITED
17,060,656 WESTPAC BANKING CORPORATION
11,529,006 RBC DEXIA INVESTOR SERVICES AUSTRALIA NOMINEES PTY LIMITED
10,735,245 ANZ NOMINEES LIMITED
6,735,960 CASH WHOLESALERS LIMITED
6,735,960 FOODSTUFFS (AUCKLAND) NOMINEES LIMITED
6,735,959 WARDELL BROS & COY LIMITED
3,539,815 CITIBANK NOMINEES (NEW ZEALAND) LIMITED

[Mr_Market]

With earnings of only 10cps this stock is only worth about $2.

In order to justify his price Tindall will have to pull something out of the bag that will treble earnings! Maybe another push into Oz?

Looks more like an emotional purchase to me rather that one based on business facts. I'd say take his money while you can get it.

[Halebop]

quote:Originally posted by Mr_Market

With earnings of only 10cps this stock is only worth about $2.

In order to justify his price Tindall will have to pull something out of the bag that will treble earnings! Maybe another push into Oz?

Looks more like an emotional purchase to me rather that one based on business facts. I'd say take his money while you can get it.

Normalized earnings were almost 32 cents per share.

[Pennywise]

quote:Originally posted by Mr_Market
Looks more like an emotional purchase to me rather that one based on business facts. I'd say take his money while you can get it.

I think you can be sure that that is a fantasy

be very sure there is a master plan in the background.


If you wanted to exit some stock, hasn't it just done wonders to the shareprice...

Did you calc how many millions his shares went up after the simple job of announcing the intension to market...around $150,000,000 +

[Mr_Market]

quote:Originally posted by Halebop

quote:Originally posted by Mr_Market

With earnings of only 10cps this stock is only worth about $2.

In order to justify his price Tindall will have to pull something out of the bag that will treble earnings! Maybe another push into Oz?

Looks more like an emotional purchase to me rather that one based on business facts. I'd say take his money while you can get it.

Normalized earnings were almost 32 cents per share.

What is your source for that Halebop?

Mine is from their full year release on NZX.com which states 9.6cps. These were the real earnings not some fantasy 'normalised' earnings.

[Halebop]

quote:Originally posted by Mr_Market

What is your source for that Halebop?

Mine is from their full year release on NZX.com which states 9.6cps. These were the real earnings not some fantasy 'normalised' earnings.

Mine is from the very same source.

NPAT Excluding losses from Australian Divestment $96.9m (EPS 31.7c)
NPAT Including losses from Australian Divestment $29.3m (EPS 9.6c)

Are you expecting the losses from Australian divestment to continue? The fantasy is in the 2nd number, not the 1st. The money lost in Australia was lost when the purchase was made, not the sale. The sale instantly righted the problem (although at the same time diminshing an obvious avenue for growth but their implementation was a dogs breakfast).

[Snow Leopard]

Mr Market, Halebop read the same announcement you did, but apparently a little more carefully.

quote:
- Earnings per share, adjusted for Australian investment, up 8.2 cents to 31.7 cents per share

The headline figure is often not a true indication of the company's profit.

regards

Paper Tiger

[Mr_Market]

Yes, It looks like Halebop did read the release more carefully, but he still could not see that the real earnings are not 32cps.

Tell me, does your bank balance show your earnings with writeoffs on failed investments added back. No, of course it doesn't, so why do you believe that the WHS is any different.