WHS - Warehouse Group

[Waltzing]

Forced sale of private assets, sure to lose them the next election.

Bring back the Reds Cossacks adverts from national...

https://nzhistory.govt.nz/media/video/dancing-cossacks

God bless Rob... dont you just miss him..

[Old mate]

Thanks stoploss didn't know he was still in cabinet, on a salary of $296,007

[Waltzing]

what happened to the barking chair leader of this stock?

[SCOTTY]

Thanks stoploss didn't know he was still in cabinet, on a salary of $296,007

As a Presbyterian Minister with degrees in Theology and philosophy it is hard to believe that he is qualified to be in charge of restructuring any sort of business especially the huge and complex NZ retail grocery. Time to be off on his bike I think

[Waltzing]

"As a Presbyterian Minister with degrees in Theology and philosophy "

from an Atlee point of view hes perfect!!!

Think Salvation Army and soup kitchens and you can see where the policy is heading...

With global stagflation on the way and a deep recession coming is a perfect storm to nationalise the food chain.

[stoploss]

As a Presbyterian Minister with degrees in Theology and philosophy it is hard to believe that he is qualified to be in charge of restructuring any sort of business especially the huge and complex NZ retail grocery. Time to be off on his bike I think

Think he has too much on his plate ,….. a lot of decisions to be made around the CCCFA …..

[winner69]

what happened to the barking chair leader of this stock?

Waltz, I think he’s gone on holiday ….though weather pretty ****ty eh

[winner69]

A few reports out on how retail sales went in May. Except for fuel and travel a lot of negative numbers v May last year

WHS had a shocking half year with sales down $78m on pcp and Q3 (Feb/April) they were down another $20m v pcp

Not a good start to Q4 by looks of retail numbers. Retailwatch has Department Stores down 7%

So hard to see WHS growing sales in Q4 v pcp which means full years sales could be down well over $100m on last.

Full year profit - suppose it all depends on what happens to margins and expenses

My guess full year profit $80m /$85m

Whatever market seems pretty relaxed .... share price holding up

[LaserEyeKiwi]

A few reports out on how retail sales went in May. Except for fuel and travel a lot of negative numbers v May last year

WHS had a shocking half year with sales down $78m on pcp and Q3 (Feb/April) they were down another $20m v pcp

Not a good start to Q4 by looks of retail numbers. Retailwatch has Department Stores down 7%

So hard to see WHS growing sales in Q4 v pcp which means full years sales could be down well over $100m on last.

Full year profit - suppose it all depends on what happens to margins and expenses

My guess full year profit $80m /$85m

Whatever market seems pretty relaxed .... share price holding up

Are Warehouse red sheds & Kmart stores included in the “Department Stores” category? (Makes sense if so)

[Habits]

Waltz, I think he’s gone on holiday ….though weather pretty ****ty eh

I thought he might have his tail up and flat out on annual accounts. An accountant's busy period

Also i cannot say I have heard of Q3 Feb/Apr... is that unique for some of our listed retailers