WHS - Warehouse Group

**LaserEyeKiwi** · 21-05-2021, 10:54 AM

A reminder that management said they are currently open to acquisitions - food retailing has shown exceptional resilience over the last year (as it is designated an essential product/service), would love to see WHS have a serious crack at it.

Perhaps could start with an acquisition of one of the few independent food chains and grow from there - something like Moore Wilsons in Lower North Island.

Alternatively they could reboot the food effort in the warehouse stores, maybe go more towards the Costco-like bulk item food deals.

**Onion** · 21-05-2021, 10:55 AM

Originally Posted by peat

so, will reopening price be changed by the firesale?

I expect so. That’s why I’ve put in a bid - if I get some it will average down my holding price

**LaserEyeKiwi** · 21-05-2021, 10:56 AM

Originally Posted by peat

so, will reopening price be changed by the firesale?

Its not a firesale though - $3.25 is the floor price for the book build, actual average price will highly likely be much closer to current share price.

**ratkin** · 21-05-2021, 11:50 AM

This looks like good news, onwards and upwards.

**JohnnyTheHorse** · 21-05-2021, 11:50 AM

This explains the gentle massaging of the share price yesterday to keep it at $3.65

**Dassets** · 21-05-2021, 12:36 PM

Originally Posted by Getty

An adjunct to an instore cafe?

Nido had one of those!!

**Dassets** · 21-05-2021, 12:45 PM

Originally Posted by Getty

@ the time of opening the WHS store in Sylvia Park, the thinking was that WHS was a threat in grocery lines.

That was to be a forerunner of new store format that could do a broader range of grocery than before.

The doors were built to enable cars to be driven in also, so they could be sold from there as well.

How much Foodstuffs s/holding was able to stifle the grocery expansion would be better answered by someone closer to the action.

The Foodstuffs move was really designed to prevent Walmart or Aldi etc to come in. The block could not prevent WHS from doing it themselves but WHS had already had a disaster in trying to roll out grocery well before Sylvia Park. The block was probably achieved by the time GFC rolled past. Walmart had already been reigned in and Aldi had a battle in Australia, no use opening up a second front. Germany has tried that before in another sphere but as on Faulty Towers goes "Don't mention the ......"