Thanks, interesting. WHS are well positioned with the ability to convert some existing stores.
I think that's coming but some patience is required.
I think WHS are well positioned and their shares are VERY cheap.
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You will be fine …maybe even wishing you had heaps ;)
Share price been in a downtrend since April high of 386 but that is about to end
Their financial year ends next week and in next week or so they’ll tell us the last quarter has seen fantastic sales and they expect the ‘profit to exceed $160m’ to be firmed up to ‘$180m to $185m’ …..WOW
And the share price will rocket past 4 bucks and by end of September could well be 450/500
Can shoehorn another 35,000 shares in to take it up to one seventh....but it doesn't say divide your portion "equally" to seven or eight does it :D
No farmer I know plows their fields into 8 different crops of exactly the same amount of acreage. Most have some crops they think are extra good and go harder in those than one seventh or eighth.
While its very true that its always best to take a very sober view of one's ability to predict the future the average analyst forecast for the next 3 years do look very conservative and easily beatable to me. https://www.marketscreener.com/quote...364/consensus/
Even if they only do the $140m before tax for FY21 and $120m for FY22 & FY23 analysts still think its worth $3.83 on those numbers....and then there's the forecast gross yield of ~ 10% to think about as well.
I'm expecting analyst upgrades after this years result. The risk reward equation looks pretty heavily tilted to the reward side to me...but as you suggest, you can never be 100% sure of the future but on the balance of probabilities...