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16-10-2020, 07:58 PM
#3671
Member
Can't agree more. What I do no is I have 7k in a savings account and got 22 cents net for it last month. Have to find somewhere more fruitful to plonk it. I'm sure there's lots in my position
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17-10-2020, 11:26 AM
#3672
Originally Posted by nizzy
Craigs have moved WHS to overweight with 12mth TP of $3.00. Forecast divis restart with F21 0.22 cps, which wld deliver 9.5% yield on todays price.
Just a word of caution. They have paid no dividends for the last year and while it might be plausible they can pay 22 cps next year as a result of the spare cash flow from their lengthy dividend holiday it should be noted that the previous 5 years they averaged 16 cents per annum.
I remain of the view this is a very poorly managed company with far too many people being grossly overpaid for well below average performance.
$3 looks completely unrealistic to me. https://www.marketscreener.com/quote...64/financials/
I note the average analyst view is for eps of 17 cps in FY21. $3 suggests a PE of 17.6 which would put it on an earnings multiple significantly above the very well respected retail operators like Briscoes and Hallenstein Glasson. Ask yourself how plausible that sounds ?...for example I have HLG on a forward PE of just 12 and currently growing sales at nearly 11% with a dividend yield of 12% gross. I did hold a small amount of WHS until very recently which I sold to reinvest in HLG.
Last edited by Beagle; 17-10-2020 at 12:16 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
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17-10-2020, 11:46 AM
#3673
Originally Posted by Beagle
Just a word of caution. They have paid no dividends for the last year and while it might be plausible they can pay 22 cps next year as a result of the spare cash flow from their lengthy dividend holiday it should be noted that the previous 5 years they averaged 16 cents per annum.
I remain of the view this is a very poorly managed company with far too many people being grossly overpaid for well below average performance.
$3 looks completely unrealistic to me. https://www.marketscreener.com/quote...64/financials/
I note the average analyst view is for eps of 17 cps in FY21. $3 suggests a PE of 17.6 which would put it on an earnings multiple significantly above the very well respected retail operators like Briscoes and Hallenstein Glasson. Ask yourself how plausible that sounds ?
They have also sunk alot of money into online plays that aren't working. $30 million into themarket.com.
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17-10-2020, 12:41 PM
#3674
Originally Posted by jimdog31
They have also sunk alot of money into online plays that aren't working. $30 million into themarket.com.
And a $14m loss expected in F21
and they say break even in two to four years ...which is code for never?
At the top of every bubble, everyone is convinced it's not yet a bubble.
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17-10-2020, 07:22 PM
#3675
Not investing in WHS after announcement CEO gets a $1.4 mill payrise. What was that for. Oh yeah, applying for a wage subsidy when the govt was throwing money around and not paying it back. Oh and, laying off a lot of staff. He should be taking a pay cut. Am even removing the WHS from my watchlist.
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21-10-2020, 09:57 AM
#3676
The Warehouse Group - Departure of Chief Operating Officer
20/10/2020, 3:52 pmADMINAuckland, 20 October 2020
The Warehouse Group - Departure of Chief Operating Officer
Chief Operating Officer Pejman Okhovat has resigned from The Warehouse Group to take up a senior executive position with an overseas retailer and he will leave the business in the new year. Pej joined The Warehouse Group in 2005 and has held a number of senior operational and executive roles including most recently CEO, The Warehouse and Warehouse Stationery and Chief Operating Officer, The Warehouse Group.
“Pej has played a key role in improving the performance of The Warehouse and Warehouse Stationery over the last few years and was instrumental in developing and implementing the strategy of everyday low prices, significantly growing the online business of both The Warehouse and Warehouse Stationery, and structuring the Red and Blue sheds to deliver a great omnichannel retail experience to our customers,” says Group CEO Nick Grayston. "Pej was also pivotal in enabling The Warehouse Group to trade through COVID during the level 4 and 3 lockdowns earlier in the year. On behalf of the Executive and the Board I would like to thank Pej for the significant contribution he has made over the past 15 years and wish him all the best in his new role.”
Pej says, “it’s with mixed emotions that I have decided to leave The Warehouse Group after 15 years and take up a new opportunity. It’s been a privilege to work for The Warehouse Group and I look forward to watching the Company successfully deliver on its ongoing transformation and strategy to help Kiwis live better every day. I want to personally thank Nick, the executive team and the board for the support they have given to me over the years.”
This announcement is made pursuant to Listing Rule 3.20.1.
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07-11-2020, 11:25 AM
#3677
Way the WHS shareprice rocketing up it's going to be one of the stars of the NZX - or at least the best retail stock
Recent high was 250 - probably surpass that by Christmas
As an aside was in Noel Leeming getting a new cable to recharge ipad - they couldn't sell it to me as eftpos wasn't working and I had no cash --- so went round the corner to Warehouse Stationery which sits uncomfortably in a big Red Shed and found one. Was $20 cheaper but at least the group got my $13
At the top of every bubble, everyone is convinced it's not yet a bubble.
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07-11-2020, 05:18 PM
#3678
I've had internet connectivity issues all day, driving me nuts !
WHS on a considerably higher forward PE than HLG, warranted ?
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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07-11-2020, 06:56 PM
#3679
Originally Posted by Beagle
I've had internet connectivity issues all day, driving me nuts !
WHS on a considerably higher forward PE than HLG, warranted ?
WHS doingbthe AGILE thing ....thats worth a premium PE
At the top of every bubble, everyone is convinced it's not yet a bubble.
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07-11-2020, 07:40 PM
#3680
Sure it is, where's my Tui ?
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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