I see on their share price graph they started to take off in 2019 before being whacked by covid. What was behind that rise?
Discl: Hold (Dog Sled Team Beagle)
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I see on their share price graph they started to take off in 2019 before being whacked by covid. What was behind that rise?
Discl: Hold (Dog Sled Team Beagle)
A few years ago when I held WHS it was customary to receive a discount voucher for a couple of days' shopping before Christmas. Unfortunately, most of the items we were interested in were either already discounted or not eligible for discount, or so it seemed.
I recall the good old days of setting up the annual shareholder discount 'EDM' (email campaign) for the part of the Warehouse Group I used to be an online marketing manager for.
I seem to recall the discounts being a bit on the 'lean' side for shareholders ... always surprised me that they weren't better rewarded with discounts.
Welcome aboard. Shares did very nicely in the lead up too, and especially after last year's annual result announcement https://www.nzx.com/announcements/341526
Half year result this year in March was also a cracker, see page 4 http://nzx-prod-s7fsd7f98s.s3-websit...048/318915.pdf
Such a shame it was released just a few days before the Covid 19 lockdown.
Many on here have historical issues with WHS and I get that, I really do. But objectively, their numbers were actually very good in the lead up to Covid and they have a five year track record of paying at least 16 cps annually in dividends, (excl Covid effect on the most recent one).
On the whole look through Covid thing I think things are pretty good for WHS. Good income stock but I am not expecting to make any quick gains so strap your harness's on and lets start this journey...and seeing as we can't go overseas what about trying something new in N.Z. :) http://underdognz.co.nz/
Do not understand all the hate towards the Warehouse, rather own their shares than any other listed NZ retailers. As long as buy them in times of weakness seems very little downside
People hate stocks that dish them out serious pain and some people have issues with its long term performance and won't touch it again, which is fair enough, (e.g. in 2007 it was as high as $7.30). I entirely understand where they are coming from, once bitten twice shy, (I have that as one of my key investment guidelines as well).
I have never been an investor before so don't carry any legacy baggage so can see quite objectively its built a solid base over the last 3 years at just over $2 and has a credible track record of dividends over the last 5 years. Very good income stock and I feel safer in a recession with WHS than any of the other retailers.
I am fairly sure HLG will come out of this recession okay but they are giving so little information away in terms of how they are managing the business its incredibly hard to get a read on whether late $3's if fair value or not.
i can see where MR B is coming from here. but i wonder how WHS will fair in the provinces. will wait for an update and put on the whatch list... never go into the red sheds...
Marketing wise pushing the "NZ national discount store / retailer. Support NZ business" side of things I think would be good obviously. Classically building on strengths and cutting losses regarding ranging be good. They have some okay stuff. Love to see a stronger level of upkeep / merchandising and more options in there better quality products.
I've got the odd H&S Merino T / thermal from them and socks here and there. Some of there outdoor & trade gear is decent enough. Very competitively priced. Maybe drop the terrible shoes and other junk, focus on key categories and build stronger standards within budget. Give the whole thing a bit of a face lift. Also invest in quality staff.
QBE withdraws trade credit cover for suppliers to Myer and David Jones
From SMH:
QBE said it had recently completed a review of the retail industry which had highlighted the department store sector as a "higher risk category". The company said it believed the two businesses would struggle with the "reality of unsustainable operating models and financial structures".