Going up 421
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Going up 421
So did the hard working grunts get the $1000 bonus in the end? Or not mentioned?
How the N.Z. Herald is reporting it - https://www.nzherald.co.nz/business/...MZOVAFWMJNPGY/
From the annual report:
“During the year Foodstuffs sold down their 9% shareholding in the Group. This sell down has substantially increased the Group’s free float on the New Zealand Stock Exchange (NZX) to 30% and will improve liquidity, which has been a barrier to some investors. The Warehouse Group has been listed on the NZX for 26 years and is committed to maintaining this as a viable source of capital. Our market capitalisation was $1.2b at FY21 year end, increasing to $1.3b at the date of this report, and it is our ambition to return to being included in the NZX50.”
Those 1.50 shares picked up on the day the first lockdown was announced are now paying a ridiculous high Yield, they will pay for themselves in no time.
And this is how Radio NZ is reporting it. https://www.rnz.co.nz/news/business/...-lift-in-sales
'The big Red Shed stores had a 6 percent rise in sales, 10 percent margin growth, and accounted for just over half of group sales'.
Sounds like they are on a strong path for the future.
17.5c dividend.. excellent