sharetrader
Page 134 of 179 FirstFirst ... 3484124130131132133134135136137138144 ... LastLast
Results 1,996 to 2,010 of 2683

Thread: WHS

  1. #1996
    Senior Member
    Join Date
    Oct 2013
    Posts
    596

    Default

    I kind of hope not. Warehouse, NL, Torpedo 7, Whs Stationary and a huge online machine, not to mention Finance and Phones. Time to get down to business with what they have.
    Last edited by Bobdn; 12-01-2016 at 05:06 PM.

  2. #1997
    Advanced Member
    Join Date
    Oct 2001
    Location
    chch, , New Zealand.
    Posts
    1,710

    Default

    Quote Originally Posted by Bobdn View Post
    I kind of hope not. Warehouse, NL, Torpedo 7, Whs Stationary and a huge online machine, not to mention Finance and Phones. Time to get down to business with what they have.
    Torpedo 7 a pretty good shop, one at tower junction always packed out, sell some decent running and hiking gear. Suspect Noel Leemings is the weak link

  3. #1998
    Senior Member BIRMANBOY's Avatar
    Join Date
    May 2011
    Location
    Wellington
    Posts
    1,416

    Default

    Well with DS out of action that should help NL.. and hopefully WHS will stay well away form doing anything with DS.
    Quote Originally Posted by ratkin View Post
    Torpedo 7 a pretty good shop, one at tower junction always packed out, sell some decent running and hiking gear. Suspect Noel Leemings is the weak link
    www.dividendyield.co.nz
    Conservative Investing and dividend producers...get rich slowly!
    https://www.facebook.com/dividendyieldnz

  4. #1999
    Legend
    Join Date
    Feb 2003
    Posts
    7,340

    Default

    Quote Originally Posted by BIRMANBOY View Post
    Well with DS out of action that should help NL.. and hopefully WHS will stay well away form doing anything with DS.
    Retailing industry going through classic consolidation through mergers, acquisitions and plain closures.

    Not necessarily a bad thing for WHS to buy Dick Smith, if it can be obtained real cheap.

    Farmers getting ready to make its move and Briscoes is ripe for some real competition in its product range, given Warehouse/Farmers combined purchasing power.

    Interesting times ahead.

  5. #2000
    Handsome Member
    Join Date
    Jun 2015
    Posts
    407

    Default

    Dicksmith have good store locations IMO, I think that is somewhat of a positive if they can buy it for peanuts

  6. #2001
    Senior Member
    Join Date
    Feb 2011
    Location
    Wellington
    Posts
    1,355

    Default

    Quote Originally Posted by LAC View Post
    Dicksmith have good store locations IMO, I think that is somewhat of a positive if they can buy it for peanuts
    They can buy the business for peanuts , but the store locations will come with costly Rent/ leases .Unless these could be negotiated down considerably it makes retail hard to turn a profit from those High st locations .... Hence the number of failures with clothing companies etc recently in retail .

  7. #2002
    Handsome Member
    Join Date
    Jun 2015
    Posts
    407

    Default

    So what would the current leases be worth if nobody buys DS? I would think the Landlords will take much bigger losses short term if DS close shop, wont they?

  8. #2003
    An awesome cool cat
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    17,479

    Default

    Quote Originally Posted by LAC View Post
    So what would the current leases be worth if nobody buys DS? I would think the Landlords will take much bigger losses short term if DS close shop, wont they?
    DSE accounts show a lease liability of $41m in NZ

    The Administrator can walk away from as many as he likes. Worried landlords out there?
    A valuation multiple is nothing but shorthand for a proper analysis of long-term discounted cash flows. Using them is just being lazy.

  9. #2004
    Senior Member
    Join Date
    Feb 2011
    Location
    Wellington
    Posts
    1,355

    Default

    Quote Originally Posted by LAC View Post
    So what would the current leases be worth if nobody buys DS? I would think the Landlords will take much bigger losses short term if DS close shop, wont they?
    From my experience of dealing with landlords , in one instance we offered 50 % , of what was over rented . They said no , it was empty 18 months later ....
    Most of the properties will be owned by someone like AMP prop trust etc , so they can withstand a period of non rental . But they will be stubborn as to lower the rent sets a dangerous precedent for other tenants ..... If they are good locations as you say someone else will step into the breach and pay market rental ....

  10. #2005
    Handsome Member
    Join Date
    Jun 2015
    Posts
    407

    Default

    Quote Originally Posted by stoploss View Post
    From my experience of dealing with landlords , in one instance we offered 50 % , of what was over rented . They said no , it was empty 18 months later ....
    Most of the properties will be owned by someone like AMP prop trust etc , so they can withstand a period of non rental . But they will be stubborn as to lower the rent sets a dangerous precedent for other tenants ..... If they are good locations as you say someone else will step into the breach and pay market rental ....
    Interesting..... Guess its like Sky refusing to pay top dollar for content cos all the other content providers will follow suit

  11. #2006
    Junior Member
    Join Date
    Oct 2014
    Posts
    11

    Default

    Hi guys and gals,
    Long time follower, few time poster...

    I've held WHS for a few years now, (though thinking of selling at a lost) because I'm coming to be disillusioned with it all, half the stuff they have is crap that only lasts for a week or so (school bag for $20, that lasted 7 school days), shoes that lasted 4! and also, I cant help but think K-mart is better value AND quality, (I'm in Napier, we dont have a Kmart but Hastings do)
    Over Christmas looking for toys, i noticed Whs had a racing tracking for $33,..K mart had the exact same one for $17, a toy mouse that moves WHS $29, Kmart $20, among a few other noticeable price difference's
    Plus when you walk in Kmart, it is always tidy, clean, WHS, everything is always open, and out of place!!

    Ok rant over, heading back to my shell!

  12. #2007
    Member
    Join Date
    Jan 2014
    Location
    Osaka
    Posts
    44

    Default

    Quote Originally Posted by alliswell View Post
    Hi guys and gals,
    Long time follower, few time poster...

    I've held WHS for a few years now, (though thinking of selling at a lost) because I'm coming to be disillusioned with it all, half the stuff they have is crap that only lasts for a week or so (school bag for $20, that lasted 7 school days), shoes that lasted 4! and also, I cant help but think K-mart is better value AND quality, (I'm in Napier, we dont have a Kmart but Hastings do)
    Over Christmas looking for toys, i noticed Whs had a racing tracking for $33,..K mart had the exact same one for $17, a toy mouse that moves WHS $29, Kmart $20, among a few other noticeable price difference's
    Plus when you walk in Kmart, it is always tidy, clean, WHS, everything is always open, and out of place!!

    Ok rant over, heading back to my shell!
    Agreed!

    I hadn't been to Kmart for 5+ years and the last time I went it was complete junk. But recently a few people have been telling me how it is better than The Warehouse and that you can get some decent quality stuff. So I recently went and was quite impressed, still not a fantastic place, but decent prices, decent quality and best of all it was tidy and it didn't feel like I was in some discount dump store. Quite impressive how they have turned it around.

    I sold my WHS last year at a slight loss, but still follow their moves. They have been starting some interesting ventures e.g. finance and mobile services...but every time I go there I walk out wondering why I even bothered going in....

  13. #2008
    Senior Member
    Join Date
    Feb 2011
    Location
    Wellington
    Posts
    1,355

    Default

    Quote Originally Posted by winner69 View Post
    DSE accounts show a lease liability of $41m in NZ

    The Administrator can walk away from as many as he likes. Worried landlords out there?
    http://www.stuff.co.nz/business/7728...ose-all-stores

  14. #2009
    An awesome cool cat
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    17,479

    Default

    After the initial flood of junk on to the market you would have to think that Noel leeming will pick up some additional business .... although there service etc isn't much better than Dick Smiths
    A valuation multiple is nothing but shorthand for a proper analysis of long-term discounted cash flows. Using them is just being lazy.

  15. #2010
    Senior Member
    Join Date
    Feb 2011
    Location
    Wellington
    Posts
    1,355

    Default

    Quote Originally Posted by winner69 View Post
    After the initial flood of junk on to the market you would have to think that Noel leeming will pick up some additional business .... although there service etc isn't much better than Dick Smiths
    Big plus for JB and Harvey N....

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •