Thats "bad" news...this is "good " news.
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No management consultants. Just a great CEO in Mark Powell.
TWL cannot expand into Australia or grocery anymore and the growth of Warehosue Stationery is slowing a bit with less new stores year on year. So going into more branded products in electronics and now a bigger foothold with online shopping is the most logical place for expansion as well as store refits which is constantly on-going.
WHS announcement just gives you enexpectorated error. Makes you want to spit.
Good div 15.5
Sony TV's to be sold at the Warehouse and Bond and Bond to Go, The changes are starting to take place. What next???
WHS have just gone from spectacular to stellar (and more to come)
Hear that rumbling...? Thats me purring.Last two divs have returned annual 8.67% yield on my investment...plus imputation credits. Long may it run.
[QUOTESo I now expect WHS to have to bite the bullet with store mergers and closures if they're going to make this acquisition pay. ][/QUOTE]
From my post of 13 December.
Speculation becomes reality.