WHS - Warehouse Group

[Andrew]

Farmers need to know what the Warehouse is doing, just the same as when Woolworths had shares to make sure WHS were not going to get into the supermarket trade in competition with Countdown. While on a different basis, I would see Farmers and the Warehouse as competitors. Keep your friends close but keep your enemies even closer.

[kiwitrev]

Farmers need to know what the Warehouse is doing, just the same as when Woolworths had shares to make sure WHS were not going to get into the supermarket trade in competition with Countdown. While on a different basis, I would see Farmers and the Warehouse as competitors. Keep your friends close but keep your enemies even closer.

Isn't what you are suggesting collusion. Just because JP a large SH doesn't entitle them to information not shared with the market as a whole.

[macduffy]

The WHS/Countdown/Woolworths saga wasn't a matter of collusion or obtaining priviledged information. It was a case of Woolies and Countdown both taking blocking shareholdings against each other's possible moves.

[stoploss]

The WHS/Countdown/Woolworths saga wasn't a matter of collusion or obtaining priviledged information. It was a case of Woolies and Countdown both taking blocking shareholdings against each other's possible moves.

IMO poor behaviour on their behalf . Maybe thats the thing the anti competition commission or whatever it is called should be able to look at .....Ended up costing them cash anyway and heaps of it when the same commission I presume turned down the takeover on marketshare issues .....

[macduffy]

IMO poor behaviour on their behalf . Maybe thats the thing the anti competition commission or whatever it is called should be able to look at .....Ended up costing them cash anyway and heaps of it when the same commission I presume turned down the takeover on marketshare issues .....

Yes, poor decisions - as it turned out. But at the time, both had valid reasons to fear that the other would steal a march on them and therefore took a business decision to forestall that.

[stoploss]

Yes, poor decisions - as it turned out. But at the time, both had valid reasons to fear that the other would steal a march on them and therefore took a business decision to forestall that.

they have done it all around Wellington , Countdown purchased the sight on the corner of Adelaide rd,John st I think it is .... New World purchased the Tip Top next door C, ountdown wanted for their carpark ..so Countdown had to put a very expensive underground carpark in ..... Tip Top building left in decay, graffiti and all next door ...... Now sold to RYM I believe .

[Balance]

https://www.nzx.com/companies/WHS/announcements/279102

In line with trading update - results at the very top end.

Looks like a good results with all divisions performing (even Noel Leeming!) save the start-up Finance Divsion which is still incurring set up costs.

[winner69]

https://www.nzx.com/companies/WHS/announcements/279102

In line with trading update - results at the very top end.

Looks like a good results with all divisions performing (even Noel Leeming!) save the start-up Finance Divsion which is still incurring set up costs.

Best result for years

Bit strange that after such an awesome 1st half (+22% compared to last year) the 2nd half is only going 'to be in line' with last year.

[winner69]

Just confirms that retail is pretty buoyant at the moment, in spite of the gloom and doom Wheeler espoused yesterday

Warehouse, Briscoes et al doing well.

[macduffy]

Best result for years

Bit strange that after such an awesome 1st half (+22% compared to last year) the 2nd half is only going 'to be in line' with last year.

Yes, excellent result. Company obviously expects a weaker currency to impact in the second half - as Rod Duke also noted in yesterday's Briscoes announcement.