WHS - Warehouse Group

[Bobdn]

Good news for retailers.

http://www.stuff.co.nz/business/indu...stmas-spending.

It's a big Warehouse shopping day for me tomorrow. 20% discount for purchases using the WHS Money Card and a further 12.5% off for being a loyal shareholder.

These already super cheap chocolates have just got 32.5% cheaper.

https://www.thewarehouse.co.nz/search?q=chocolates

[Balance]

Profit downgrade :

https://www.nzx.com/companies/WHS/announcements/294575

First Half of Financial Year 2017 (H117) ending on 29 January 2017 is expected to be between 10%-15% lower than the same period last year, which is between $41.0m and $38.5m.

[winner69]

Profit downgrade :

https://www.nzx.com/companies/WHS/announcements/294575

First Half of Financial Year 2017 (H117) ending on 29 January 2017 is expected to be between 10%-15% lower than the same period last year, which is between $41.0m and $38.5m.

Not surprising

They talk too much about strategy - no decent execution of plans (even if plans had any credence in first place)

Boom times in NZ retail and The Warehouse find the competition is better

[winner69]

Good news for retailers.

http://www.stuff.co.nz/business/indu...stmas-spending.

It's a big Warehouse shopping day for me tomorrow. 20% discount for purchases using the WHS Money Card and a further 12.5% off for being a loyal shareholder.

These already super cheap chocolates have just got 32.5% cheaper.

https://www.thewarehouse.co.nz/search?q=chocolates

Jeez margin pressure blamed for performance to date

And you going to add to the that pressure by buying big with these special discounts

Don't you feel guilty?

[BlackPeter]

Profit downgrade :

https://www.nzx.com/companies/WHS/announcements/294575

First Half of Financial Year 2017 (H117) ending on 29 January 2017 is expected to be between 10%-15% lower than the same period last year, which is between $41.0m and $38.5m.

Quite disappointing and wondering whether this might be a sign to come for other retailers? Good revenue, lower margins ...; Anyway - would still result in an EPS of 20 cents for the full year - i.e. should not impact on the dividend (unless there is more to come);

[winner69]

Quite disappointing and wondering whether this might be a sign to come for other retailers? Good revenue, lower margins ...; Anyway - would still result in an EPS of 20 cents for the full year - i.e. should not impact on the dividend (unless there is more to come);

Even Rod from Briscoes reported margin pressures of late (after a period of margin expansion) because of 'competitive pressures'

Maybe retail not a good space to be in at the moment - could be worse if punters weren't as happy as they are

[winner69]

Must be pretty bad if they announce this profit downgrade before Christmas - no waiting until mid-January and saying Christmas didn't meet expectations and all that of sort of guff

Half Year announcement could be interesting - and will include a lot more talk about strategy .....yawn yawn. Hope is not a strategy guys

BP - your 20 cents divie safe for now .....even if they have to increase borrowings a tad.

[bull....]

not surprising, said long ago they were increasing sales only thru eroding margins.

One thing no one has mentioned is the said arrival of amazon in Australia next year will only increase competition in NZ retail as the freight costs will drop as its closer from aus to nz than us to nz.

[percy]

not surprising, said long ago they were increasing sales only thru eroding margins.

One thing no one has mentioned is the said arrival of amazon in Australia next year will only increase competition in NZ retail as the freight costs will drop as its closer from aus to nz than us to nz.

Amazon's arrival will create huge challenges for retailers on both sides of the Tasman.

[winner69]

Possibly breaking out of that 260/305 trading range that its been in for 2 years or so

Some TA people would say cold form a new trading range - this time 305/350

Good eh

(PS - still not tempted. Bugger eh, missing out on such potential)

Oh well, 'good effort but needs to try harder' as they in school reports

Spose another few years in that 260/305 range

One poster hates the concept of stocks being valued as bonds but that's how WHS should be I reckon. So what is risk adjusted price for a (guaranteed?) 16 cent divie (with imputation credits)?

WHS 2020 bonds currently 4.1% so would want higher yield for shares