on a slightly related note - I wonder if/when WHS will start supporting a buy now pay later service like AfterPay (or even create their own)
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Concidering they have the market power to do it I'm surprised they havent
On another note I wish they would drop flybuys and bring in airpoints. Espe ially since Harvey Norman dropped air points
On another another note.
Will we see a trading update within the next week just to keep bumping the share price along
Hopefully WHS will start from where NZX failure stopped it abruptly . Today 3.75 !!! :t_up:
The irony. Diners was a good business decision executed poorly (and at too much expense). The ability to leverage the acquisition and build a financing capability to support retail (eg an AfterPay function, data mining of customer spend and behavior, finance deals, a reward program etc) was lost when the CFO at the time (Stephen Small) died suddenly. Without his vision it was left to the the current CEO and his carefully selected mgmt to support the changes needed. From what I heard, this never happened and became the elephant in the portfolio.
Ok, a bit lazy on my part, The Warehouse already offers a buy now pay later service using Zip.
also, there is a warehouse money visa credit card (looks like it’s an SBS product), which offers 5% off when using st the warehouse (might have to get me one of those, but I’m not sure they are still offered?)
Also they seem to use Finance Now financial services (which is also a SBS product) across the group as well for financing deals.
this follows after Warehouse sold its financial arm to SBS in 2017.
Briscoes sales update today gives further encouragement to shareholders in the retail space. Clear breakout up through the 100 day moving average so technically this provides considerable encouragement to those who have been buying on the compelling fundamentals'. This is already my #1 investment position but its really tempting to load up even more.
Jeez Briscoes make 46m on 358m ….profit margin an obscene 13% ….no wonder they trade at relatively high PEs
If TWG did that they’d be making 450m profit ….but different mix of business (esp with Noel Teeming) so their 5% profit margin respectable enough ……especially seeing it’s improving these days
Got to think Briscoes would be hitting at least $100 million NPAT full year based on that half year figure. In that light they are sitting at only 13x PE.
From Briscoes' announcement -A more relevant period to compare against would be the first half of 2 years ago. Under this more normalised comparison, the Group’s half year sales increased by 18.30%, with the first quarter increasing by 14.94% and then strengthening to an increase of 21.61% for the second quarter.
TWG did this comparison on their last sales update .... sales only up about 10% on F19
Briscoes doing better than TWG .... can't be true
Good sign though is for Briscoes the last quarter growth was better than the previous one. Hope that's the case with TWG as well.