WHS - Warehouse Group

**kiwitrev** · 13-09-2013, 03:48 PM

Born2Invest
We must be reading different reports. You say core sales plus 1.9% but I am reading plus 4.4% for core Red Shed sales with 2% plus for same store sales. If the business is as bad as you seem to think how is it they can rake in 2.2 billion for the year and pay gross dividend over 8%. Mat not be a stock for traders so perhaps not suited to your investment style.

born2invest · 13-09-2013, 04:12 PM

Originally Posted by kiwitrev

Born2Invest
We must be reading different reports. You say core sales plus 1.9% but I am reading plus 4.4% for core Red Shed sales with 2% plus for same store sales. If the business is as bad as you seem to think how is it they can rake in 2.2 billion for the year and pay gross dividend over 8%. Mat not be a stock for traders so perhaps not suited to your investment style.

Apologies, I was referring to "Red Shed" profits of 1.9% growth.

**bull....** · 13-09-2013, 04:55 PM

Originally Posted by kiwitrev

capital expenditure on new initiatives come to an end, we are likely to see a return to "special dividends" a not uncommon practice in the past.

yes looking forward to the day , they will be a cash cow again

**macduffy** · 13-09-2013, 05:11 PM

Originally Posted by born2invest

Apologies, I was referring to "Red Shed" profits of 1.9% growth.

I don't think the company broke the profit down by division, did they?

The 1.9% growth was in "Red Shed" same store sales in the latest period.

**kiwitrev** · 16-09-2013, 12:32 PM

Big wrap today by Craigs Inv Ptrs on TVNZ midday news for WHS.

**winner69** · 16-09-2013, 12:40 PM

Originally Posted by kiwitrev

Big wrap today by Craigs Inv Ptrs on TVNZ midday news for WHS.

Forbar disappointed in result ...REDUCE REDUCE REDUCE

Think they saying red sheds not making the returns they should after the silos of capital spent on them ....but then that's the cost of staying in the game though.

**winner69** · 16-09-2013, 12:41 PM

Originally Posted by macduffy

I don't think the company broke the profit down by division, did they?

The 1.9% growth was in "Red Shed" same store sales in the latest period.

In their presentations they have Operating Profit .....essentially EBIT .... for each business

**kiwitrev** · 16-09-2013, 01:09 PM

If Forbar are saying that then I think they are giving bad advice. It was a pretty good result with many sectors of the business showing a positive trend. Rome wasn't built in a day so for Forbar to say result not up to expectation considering amount of capital injected has to be a "novice" error. Retail hasn't always been everyone's cup of tea which is possibly the only thing holding SP back. This will change when WHS traction firmly in place, just a matter of being patient (as always) in my opinion.