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Thread: WHS

  1. #21
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    I wouldn't buy WHS at over 10x earnings at the moment...

    If they slipped under that, could be a definite contrarian play...

  2. #22
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    Remind you that 4th quarter salesa were dismal

    Red Sheds up 7.3% - same store 4.2%
    Stationery down 5.6% with same stores down a whooping 17.3%
    Australia down 6.3% - same stores down 7.5%

    Maybe the 1st quarter sales following the same trend and that is what is causing the latest weakness. Early November will this be confirmed?

    When you consider that the Red Sheds 2nd half profitability was behind the prior year what real hope is there of improved profits this year?

    Price deflation is a killer for the likes of WHS - especially when operating costs are going up.

    Look at one of their recent catalogues - prices this year compared to 'last years price' are highlighted throughout. Something I saw was $75 this year compared to $88 last year - thats a lot less $ margin for WHS as well and the indications are they are not selling heaps more units to make up the shortfall.

    Thats happening in the Red Sheds - the profit engine - not good news

    Blue things sales didn't look too good in the 4th quarter did they? and the margins are getting pretty thin

    And then there are the Yellow things - maybe losing less than the past? or does the spiral down continue?

    With all this in mind isn't 400 expensive?


    But then with all this money sloshing around it has to find a home somewhere - fundamentals don't matter
    “What the wise man does in the beginning, the fool does in the end”

  3. #23
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    THE KING says the top 20 shareholders own 77% of Co there are 164 people making over $100,000 WITH the top bloke getting $1,330,000 this adds up then come the Rents on 249 stores before the $1 of profit we know its big in NZ but small in AUS so some better clear signals have to arrive soon other than % reports to support the current S/PRICE.. [^][^]

  4. #24
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    Testing $4 support now. Like many I think this could be good recovery share and have been waiting for some indication that the bad news has stopped. Of course, the real money is to be made or lost in buying before the next set of concrete news.
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  5. #25
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    still not convinced about Australia gryf - have asked friends to go and check some of the Queensland stores and they refuse to visit! not a good sign
    try underwater salvage... cos its there... somewhere... maybe...

  6. #26
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    Indeed. I do remember though that you bought in last time the price got doen to around 410 and then it went North for a while before its recent plunge. Have you bailed on them or still holding?
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  7. #27
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    got out of 3/4 of them at 437 - so enough to keep me interested - though have seen lack of commitment and ideas from management in last few months - a very bad sign. I love the NZ business (though since Kmart and Mitre 10 Mega came to town I am not often at a redshed) but I think the price is far to high - for some reason I have 3.20 in my head
    try underwater salvage... cos its there... somewhere... maybe...

  8. #28
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    3.20! Wow, I think I'll be in earlier than that but yet to really crunch any numbers. Sub 4 seems worth waiting for in case that triggers a dive.
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  9. #29
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    3.20 is low yes - but look at ratios!! other places for my cash!!!
    try underwater salvage... cos its there... somewhere... maybe...

  10. #30
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    Fair enough. Right now I'm just panning ahead a little in case I get out of TWR but no hurry.
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  11. #31
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    I'd suggest aussie stocks while the dollar is so close to theirs - I am into their biotechs... its nice to visit their agms while over the ditch, you get to ask nasty questions!
    try underwater salvage... cos its there... somewhere... maybe...

  12. #32
    Senior Member airedale's Avatar
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    Hi Gryff, I am watching Millers Retail MRL on the ASX. If WHS does the sensible thing and pulls out of OZ then my pick is that MRL will benefit.As well as WHS itself, of course.
    Discl: HOLDING TWR MRL

  13. #33
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    Not long now and it's under the magic $4.00 mark
    The trend is your friend.

  14. #34
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    Crikey it's like watching a bouncing hand grenade in slow-motion. You know as soon as it hits below 4.00..... ka-boom!! Stop loss selling frenzy!! [][]
    Marriage isn't a word. It's a sentence

  15. #35
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    quote:Originally posted by Placebo

    Crikey it's like watching a bouncing hand grenade in slow-motion. [][]
    Nice one Placebo. Is it going to happen today? Not a bad strategy would be to short down to 3.99 and see what happens. Cound be quite profitable.

    Anyone got any stock they want to lend me?

  16. #36
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    This is the most significant slide in the share price since Feb half year loses were leaked out which resulted in the trading halt.
    What bad news awaits?

  17. #37
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    Thanx MS, AD. Concur on the Oz idea while $ high.
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  18. #38
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    Running out of it with WHS though Belgarion. Believe I might be better off taking this loss and trying to recoup it elsewhere rather than waiting for them to either pull out of Oz, get Oz going profitably or announce some new strategy to turn it around. Was a great company but seems to be stuck at the moment.

    Cheers,
    MPC

  19. #39
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    If I am interpreting the recent disclosure notices correctly it looks like CEO Peter Inger is dumping his shares. On Oct 10th he sold 105,000 and then another 378,000 on October 14th. Thats about 18% of his total shares owned on 10th Oct.
    I'm new to this trading lark and the notifications take a bit of getting used to, so correct me if I'm wrong.
    If the CEO doesn't want WHS shares, why should anyone else?
    Just because you\'re paranoid, doesn\'t mean they aren\'t out to get you.

  20. #40
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    THE KING says Your right in every Dept.. [^][^]

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