free float will increase significantly so nzx 50 inclusion back in the running. would expect some new institutional investors to enter the register too.
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What a stunning loss of money from Foodstuffs, the old smartest guy in the room syndrome strikes again. Market up around 250%(incl divvys to be fair) since the smartest guy's (Foodstuffs) capital loss partially offset by dividends.
Suppose it also indicates Foodstuffs view on the competitive threat Warehouse represents to them today. But truly when in the last decade has WHS been a competitive threat to them or vice versa??
@ 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.
They own or have an exlusivity deal with a chocolate maker. It could be expanded to other food items using a similar set up.
Warehouse bakeries?
Breads, pastries ie lots of similarity across that sort of thing.
An adjunct to an instore cafe?
Offered at bookbuild price range of $3.25 -$3.41 per share
The threat wasn't warehouse so much , it was the threat that either Foodstuffs or countdown took them over and expanded the footprint .
https://www.stuff.co.nz/business/ind...-the-warehouse
so, will reopening price be changed by the firesale?