its now TRINA... cnbc
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its now TRINA... cnbc
Their announcement brings back memories of when I was a shareholder. There is nothing but sadness for shareholders foreshadowed in that announcement is there? A need to "manage our costs" and run "more efficiently". Like that is a new idea? Job cuts and store closures, let the good times roll!
Unfortunately the application of GST to goods under $400 isn't going to level the playing field as was pitched to us. The reality is that these goods are still cheaper to import and overseas markets have a far greater range of products to select from. There are a huge number of factors that would need to be addressed, including the CGA, to make purchasing products from local sales channels competitive.
If you want good income you need to look through the one-off Covid 19 costs and effect. Some people will be able to do that and reap the rewards down the track and others will see what's right in front of them with recent announcements.
A long history of getting smaller faster than getting better. There's a reason why companies pay marginally higher dividends, similar to bonds that pay higher interest, it's risk. Anyone willing to accept risk of their capital on a WHS sustained dividend might want to look more deeply into the historical share price performance. I suppose if one could be bothered, it can be modelled whether the dividends paid exceeded the capital value lost, over time.
For moi, due to Beagles barking I've had a decent look into WHS now, in case the story had changed. But unlike him who thinks the beneficiaries will all rush out and spend their meagre income, I think the opposite in the current economic climate with a "deep recession" likely, that anything retail is more than just a risk, it's a gamble.
Glth
I held for a few years, finally selling out completely five years ago. Bought because they looked like they might be moving onto a better track but then they didn't. As I remember, the dividends over the years exactly cancelled out the (my) capital loss. I know some on here at the time, held for dividends and said worked for them. Whether or not it works would depend on picking them up cheap, something I apparently failed to do.
ExcerptConsumer staples perform well in a recession. Consumer confidence much better than expected paywalled article https://www.nzherald.co.nz/business/...ectid=12340192Quote:
Compared to previous large downturns, like the recessions in the 1990s or the Global Financial Crisis, the fall in confidence this time has been moderate so far. That's likely to reflect New Zealand's success in limiting the spread of the virus and the earlier than anticipated easing in lockdown restrictions."
In effect many have shifted from expecting a great depression at the early stages of Covid 19 to now just expecting a deep recession, (myself included).
If you're worried about future pandemics then you maybe you should completely avoid the tourism and retail sectors and stick with the power companies for yield. Everyone needs power, even in lockdown.
WHS appointed Renee Mateparae as a Future Director last August ...giving the rising stars of business some experience I Board Activities.
Renee an Agile guru at Spark. I’m glad that the older heaps more experienced directors must have listened to her when she told them Agile was really working in Spark.
Nick should be given the boot ...been there too long and his meddling got nowhere ...maybe Renee could be a good replacement to earn the big bucks,
when Agile saves them a few millions things will be looking good at WHS and the share price will follow.