WHS share price now at lowest level this century
Punters maybe thinking that a takeover premium isn't even warranted
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WHS share price now at lowest level this century
Punters maybe thinking that a takeover premium isn't even warranted
https://www.nbr.co.nz/article/large-...at-cs-p-200507
This behind the paywall article's title speaks for itself.
Can't cut and paste or comment on the detail other than to point out what I suggested some time back that the restructure of head office and admin staff is just the first step.
I won't mince words, I think management should write off their financial services division as the chances of them achieving critical mass to make this profitable are very slim in my opinion.
If they are truly targeting bottom rung creditworthiness customers as a poster suggested yesterday then in my opinion they are on a hiding to nothing as these sort of customers hit the no asset procedure button, (short form 12 month bankruptcy procedure for anyone with negligible assets and debts under $47,000) in droves when things get too tough.
Technically anyone holding when the chart looks absolutely horrible is "incredibly brave" in my opinion. The potential for shareholder wealth destruction as they go through an attempted transformation puts this stock into the fairly risky category in my opinion. A good stock to short if you can get access to the necessary scrip.
What's the dividend date?
I wonder where the Norman family stand on this? Not known for throwing money away on lost clauses, are they backing the current policy? Happy to see the shareprice wobble in aid of future private plans? Or something else?
:confused:
Even kicked out of the NZX50 and relegated to the Small Cap Index
(Free float probably doesn't help ....but how the might have fallen)
[You were right - I couldn't see it in the aaouncement either QUOTE=Ogg;658543]LOL, I did look, it wasn't on the latest announcement like it was last year :)[/QUOTE]