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08-03-2018, 09:58 AM
#2791
Originally Posted by winner69
WHS a growth company at last .....from the headlines
EARNINGS PER SHARE
9.2 cents per share versus 3.9 cents per share in 2017, an increase of 135.9 %
That’s pretty good growth
Surely a mistake, how is that even possible given the decline in all the other numbers
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08-03-2018, 11:05 AM
#2792
Looking at the Noel Leeming result and profit growth you'd be forgiven for thinking this is the golden child severly handicapped by an aging and slowly dying parent.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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08-03-2018, 11:11 AM
#2793
Originally Posted by Beagle
Looking at the Noel Leeming result and profit growth you'd be forgiven for thinking this is the golden child severly handicapped by an aging and slowly dying parent.
They need to spin off Noel Leeming.
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08-03-2018, 11:16 AM
#2794
Originally Posted by Ogg
They need to spin off Noel Leeming.
Heavens forbid!
Noel Leeming has gone from Bhatnagar to Eric Watson to Private Equity to Warehouse!
Enough torture for the poor souls working in there!
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08-03-2018, 11:23 AM
#2795
Originally Posted by Balance
Heavens forbid!
Noel Leeming has gone from Bhatnagar to Eric Watson to Private Equity to Warehouse!
Enough torture for the poor souls working in there!
They need to spin off the Warehouse.
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08-03-2018, 11:48 AM
#2796
Originally Posted by Beagle
Looking at the Noel Leeming result and profit growth you'd be forgiven for thinking this is the golden child severly handicapped by an aging and slowly dying parent.
...but surely its the world class management at WHS thats driven that growth
Originally Posted by Beagle
Looking at the Noel Leeming result and profit growth you'd be forgiven for thinking this is the golden child severly handicapped by an aging and slowly dying parent.
What you reckon NL worth if floated anyway?
EBIT maybe $30m this year .....so npat say $20m.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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08-03-2018, 11:52 AM
#2797
Last edited by Beagle; 08-03-2018 at 11:54 AM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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08-03-2018, 12:37 PM
#2798
Originally Posted by Beagle
Thanks for the good laugh mate.
Maybe a PE of 15 with the way Noel Leeming is growing ?, so maybe $300m.
Growth just didnt happen ...has to be good leaders / management somewhere in the mix
So $300m for NL .....wHS market cap $700m .......hmmmm
At the top of every bubble, everyone is convinced it's not yet a bubble.
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08-03-2018, 12:51 PM
#2799
Originally Posted by winner69
Growth just didn’t happen ...has to be good leaders / management somewhere in the mix
So $300m for NL .....wHS market cap $700m .......hmmmm
Give it a few years and Noel Leeming will probably account for the vast majority of the value in the group in my opinion.
Three years hence, my prediction, market cap $400 - $500m, Noel Leeming value approx. $400m.
Last edited by Beagle; 08-03-2018 at 12:52 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
08-03-2018, 12:55 PM
#2800
Originally Posted by Beagle
Give it a few years and Noel Leeming will probably account for the vast majority of the value in the group in my opinion.
Three years hence, my prediction, market cap $400 - $500m, Noel Leeming value approx. $400m.
For your sake I hope they float it soon
You’d love another growing retailer in your portfolio eh
Last edited by winner69; 08-03-2018 at 02:33 PM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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