SP only up 1.7% after an initial 4%+ jump.
Market says its ho-hum result?
Market says this is one off and not to be repeated next year.
Rawz says this christmas trading period will set records for the ages.
Printable View
SP only up 1.7% after an initial 4%+ jump.
Market says its ho-hum result?
Market says this is one off and not to be repeated next year.
Rawz says this christmas trading period will set records for the ages.
"17.5c dividend.. excellent"
stunning. Better then expected Dividend.
A lot of champagne glasses arriving from the german.
Revenues up 7.6% on pcp seems a great effort
However according to Stats NZ retail sales in NZ (in the sectors that TWG compete) were up about 16% - TWG didn't keep up with NZ retail spend - they lost market share
That's not good ....esp when looking forward
Interestingly in same period Briscoe Group sales were up 19%
Noel Leeming sales up 11.7%
JB HiFi sales were up 17.4% (June year end)
Stats NZ reported that Electrical and Electronic retailer sales were up 25%
Noel Leeming lost market share
Noel Leeming a bit bigger than JB Hi Fi - $1.2 billion sales v $0,26 billion. .....and JB Hi Fi don't make much money in NZ
w(n) - Bris Total Div , WHS total Div?
Product ranges across all these companies is quite different. WHS not even similar to HN.
It thats Whs has been very undervalued and needs repricing.
W69 but sometimes you have to sell less to make more. What about the margin story?
Chair Joan apparently said divie is dependent on ‘NZ being predominantly at Level 2 or below at the end of October’
Wow 45 new cases in Auckland today ….hmmm
We have to PM and Hipkins sort this out quick.
W(n) on .esp even being lower for WHS compared to Bris WHS still undervalued at 4.15?
"We have to PM and Hipkins sort this out quick."
Your joking right. They had over a year to deploy systems and blew it... It's just ANZ doesnt even know it yet.
Lucky there is a tablet coming. The Bio Chems call it a "Cool little Tablet".
Just saw a vertical legs press machine at T7 that looks good. A must have for that explosive Quad power development ...:mad ;: ....:scared:
Her exact words from the analyst presentation were :-
"The Board is pleased to announce a fully imputed final dividend of 17.5 cents per share. The final dividend has been
declared on the assumption that New Zealand is predominantly at Level 2 from the end of October "
What she said is open to interpretation but for what its worth my view of that is that currently New Zealand is already predominantly at level 2.
A very strong result. Looking ahead I have to concede today's covid numbers were disappointing which does open up the possibility of Auckland being in level 3 for some time to come but I note this will affect all retailers and WHS valuation looks truly compelling (on a historic normalized PE of ~ 8), by comparison to the others.
some major caveats with that comparison:
- WHS had an extra week in their 2020 reporting (53 weeks) - so the 7.6% increase in sales is with one less week.
- WHS closed a net of 5 stores last year, so the same store sales increase is larger than 7.6%.
also where is the 16% stats nz figure from? Warehouse financial year runs from August 2nd 2020 to August 1st 2021, and I haven’t seen any stats NZ figures that cover July 2021 yet (the latest reports are for quarter ending June).
also from page 37 of todays annual report:
”We have been able to grow margin without eroding our value perception as a result of our price optimisation programme. Whilethe Group’s sales grew significantly during the year, and at stronger margins across the board, the New Zealand market experienced significant growth in categories the Group doesn’t fully participate in, including restaurants (+23.7%), home building supplies (+16.3%), and health goods and services (+16.0%). As a result of this uneven growth across the market, the Group’s market share declined -0.2 points to 6.0% of total retail sales (including grocery and food)”
from MR B "on a historic normalized PE of ~ 8"
yes and why is the market reluctant to give it a higher SP.
Yet for Bris they are happy to pay a premium?
Will have to get the builders in to set up a small gymn.
Clearly the Govt has blown it and border which should be safely open by Jan wont be.
Excellent post, I appreciate your analysis.
"yes and why is the market reluctant to give it a higher SP".
We've enjoyed a nice little rally these last few days but Rome wasn't built in a day my friend.
I don't see the market according WHS the same PE as Briscoes but a normal retail PE of about 13 in due course is a real possibility and if they can do 50 cents per share that's $6.50. Just got to hang in there and hope today's scary covid numbers turbocharge people's desire to be vaccinated so we can get close to 90% by year end and back to some sort of normality in 2022.
Lots of cost benefits still to come through -- staff reductions and newer IT systems.
"Rome wasn't built in a day "
6 volume's?
Lucky the financials are a bit shorter read!
off topic ..
https://en.wikipedia.org/wiki/The_Hi...e_Roman_Empire
or if you have the HBO series ROME..
Good point. Next week when I get the chance I will read the full annual report. In addition to what you've said last time I looked at the half year the weighted average lease term was only 4 years so there's plenty of scope for retail footprint optimization too through store within a store, refurbishing existing stores and culling unprofitable ones. It would be good if they can get the market into a profitable state, was quite a handbrake in FY21.
Very nice turnaround in Torpedo 7, lets hope for a lot of improvement in the market.com in FY22.
Very happy with the progress they're making.
Would Joan dare try "Undeclaring" the dividend, if the northern centre with the elevated gambling joint is still showing
threatening Covid clouds though ? ;)
It was good enough to declare that the Wage Subsidy was not needed and should be repaid back to Govt.. after all ;)
For Bars review. Was already Out Perform.
OUTPERFORM
The Warehouse Group (WHS) reported a very strong FY21 result helped by COVID-19 tailwinds and further progress on
key strategic initiatives as evidenced in gross margin delivery and record levels of profitability. We think it is unlikely that
WHS can repeat FY21 profit levels over the foreseeable future, but recognise that management is showing clear execution
progress on its retail modernisation process across the group. This provides confidence that a reasonable proportion of the
margin gains achieved to-date will be sustainable over the medium term. While we accept that current COVID-19
restrictions will cloud near term performance, which may limit visibility on further business process success through FY22,
we are confident that WHS has found a new earnings base substantially higher than pre CVOID-19 levels. With WHS
trading at ~11x PE on our FY23 estimates, a discount to key regional peers, we maintain an OUTPERFORM rating.
What's changed?
Gross margins bonanza demonstrates tangible improvements
Gross margins have lifted significantly through FY21 which follows a more gentle upswing in recent years. Key drivers have included
(1) lower clearance activity from improvements in inventory aging and stock turns, (2) reduced promotional activity as the every day
low pricing (EDLP) strategy has been implemented, and (3) a stock provision release. The latter is non-recurring and will weigh on
FY22 margins. Though further underlying benefits should accrue over the medium term, offsetting potential competitive
pressures from a new ERP system due later next year with enhanced inventory management capabilities.
FY22 will be challenged; normalisation assumed in FY23
Lockdowns and other COVID-19 restrictions have impacted the start to FY22. Year-to-date sales for the first eight weeks are down
-22% against the prior year. While a significant temporary increase in on-line demand helps partly mitigate the impact of store
closures, and pent up demand helps when lockdown ends, we believe WHS faces a meaningful decline in profits in FY22. It has yet to
apply for a government wage subsidy and appears unlikely to do so given the prior social pressure to repay its 2020 subsidy.
Balance sheet robust
WHS ended FY21 with net cash of NZ$161m and inventory at 'normalised' levels. Available liquidity to weather the current lockdown
was NZ$491m at year end, though the company states that cash has reduced significantly since then given the reduction in sales. The
final dividend of 17.5c is subject to New Zealand being 'predominantly' at Alert Level 2 from the end of October.
Why will FY22 be meaningfully less than FY21??
2021 is basically a repeat of 2020 with no travel and lockdowns.
If people have been lockdown and cannot spend and cannot travel.... retail is going to suck up the dollars...
X-mas trading period is going to be a record of the ages.
Disc. Hold WHS, MHJ & HLG.
Thanks GWD, appreciated.
I ordered some things from the market yesterday at midday which was at the cheapest price I could find across any retailer in NZ and it arrived this morning.
Very impressive and easy process, really happy with the UI and shopping experience, I’ll be a returning customer.
Good news for retail stocks: government says Auckland could drop to level 2, but with the border control around Auckland remaining in place. I think this signals an intent to drop to level 2 soon, but in a way that keeps Covid ringfenced to just Auckland (and so doesn’t create the impression that they are endangering rest of country by letting Auckland exit level 3 lockdown)
I would guess Oct 11th 11.59pm will be end of level 3.
(Cross posted on HLG & KPG threads)
NZX showing the upcoming dividend.
Price is very cheap ex cum the total div.
Historical dividends
Code Ex Dividend Period Amount Supp. Imputation Payable Currency WHS 17 Nov 2021 Final 17.500c 3.088c 6.806c 03 Dec 2021 NZD
Chief digital officer leaving after 15 years - going to an “overseas retailer”
https://www.nzx.com/announcements/380237
$3.80 would be an extremely unlikely scenario, unless there was significant further weakness across US markets. Much more likely to churn around the current level before bull flagging. Just need to cool off daily RSI and get closer to EMA's before the next run.
I see Joans being buying a few...http://nzx-prod-s7fsd7f98s.s3-websit...252/356130.pdf
I see TheMarket showing making a loss of $20.7 which was $5.9m less than F20
Must be a worry that the income/revenue which they show as coming from TheMarket and 1-Day is 17% down on F20 anlso 17% down on F19
Seems to be a bit of raving about this TheMarket but it doesn't seem to be helping growth ..... probably one of those loss making businesses that one day in the distant future will pay its way .....after Rome wasn't built in a day and Amazon was useless for years
Yes, I have been pondering that too. Losses like that are not chump change. I can't help wondering how much longer they will persist if the top line isn't growing ? You would think in a pandemic shopping from home would be growing ? Maybe in these more challenging times its overdue management take a reality check regarding their aspirations to be a N.Z. version of Amazon ?
I wonder if it’s related to lack of brand awareness. For example, I’ve had people ask me if TheMarket is a legitimate site or is it a scam site. And I would wonder if the average person knows what it is. I even find myself forgetting TheMarket exists when I want to shop online.
The market “online sessions” were up 138% year on year, so they are obviously doing something right - will give them some runway to see where that leads. I really think they should consider bringing last mile delivery in-house, using NZ couriers etc is not good enough long term, you are never going to get same day delivery with them (Amazon is currently striving for 1 hour delivery in its home market). Just yesterday NZ post said parcels were taking up to 10 days to deliver in Auckland. Unacceptable.
Attachment 13028
So the real question is which way you look at the crystal ball on where the SP goes after going ex Div .. ;)
If it stays down by the Cash div and no more - then you're up by the Imputation credits less any notional brokerage
on a potential jumping out. If sinks by the full taxable div then you're out by notional brokerage.
Any further lower, you ask which did I bother .. or perhaps dont worry - bottom drawer - bound to come back ? :)
theoretically on the ex day, it loses the amount of the div, but then if some followers lose interest (perhaps too busy navigating
the warehouse or wanting to raise coin so they can) or just go off chasing another target company in focus, it could
sink further .. but the opposite could also occur too ;)
Did someone say $5 bucks or was that only if Level 2 in the Northern Sector in next 3 weeks .. or not now ? ;)
Imagine all those eager beavers with stuffed locked-down wallets & a lingering pent up urge for some Retail Therapy,
or could the dream be postponed even longer if Spinmaster Hipkin's best dreams turn into further chapters of Covid
nightmares & more prolonged agony .. ;)
A bit difficult to work out what TheMarket.com brings in the way of revenue / income.
Segment info in AR says
TheMarket.com revenues were $54.455m (pcp $62.520m) and then a footnote that says . TheMarket includes 1-day sales of $49.8 million (2020: $61.1 million)
That sort of says TheMarket.com revenues were only $4.7m (pcp $1.4m) which really seems stuff all for the effort
Don't really have any idea how the two work or even if they are the same thing. I'm thinking 1-Day might be 'real' sales (what customers pay) and that for THeMarket they get a cut of what go through
But when you see the metrics like 19 million sessions (up 138%) and 218,000 active customers (up 207%) it all justn't make any sense
Seems a lot of effort and resource to make a big loss with only hope that one day in the future it will be HUGE
On the other hand with metrics like it has if it was a stand alone business and listed it would get say $0.5 billion valuation
Makes WHS on paper even cheaper - TheMarket worth $1.40 and other WHS operations $2.70 on a sum of the parts basis
Now that's just stupid
That sort
Couldn't help but notice this comment on Red Sheds performance in annual results announcement
Grocery has been a standout category across the year, as well as home, gardening and toys all achieving double digit growth
Hey NZTX, your post seems to be on the same thought path as me. Before this report it was an easy buy situation due to 160+ million figure to work with. We had some pretty solid info as to what was happening next. Post report, we have shifted into the unknown. It's very hard to see the short, medium or long term likely result, IMO. There are now no facts to work with. I don't like uncertainty, so have halved my holdings. It may go really well going forward, it may go badly. I just can't tell. One thing I do like is Joan buying shares late last week with her own money. That is definitely a vote of confidence. Overall, your 'crystal ball' comment seems appropriate.
I think you are right that themarket.com sales are not the gross value, but their net percentage take (which should be very high margin). Not sure how that works when themarket.com sells a WHS product, maybe they just use a standard commission rate their as well.
Hopefully no level 3 in Hamilton announced today - but wouldn’t surprise me. Be a bit harder to put a border ring around Waikato compared to Auckland that’s for sure. Maybe a 2.5 where they close cafes/restaurants/bars (where patrons remove masks), but leave retail open (perhaps wishful thinking on my part)
Could be level 3 for north island with locations of interest from Auckland to Palmerston north
Level 3 for Hamilton. Government specifically saying likelihood of level 3 lockdown in a region with Covid detected will be directly linked to the vaccination rate of that region (above 90%: no level 3, below 90%: level 3 lockdown).
seems like a fairly clear signal that Auckland won’t be moving down to level 2 until they hit 90% vaccination rate (currently on 84%).
using 1st dose figures here.
"means Hamilton WHS shoppers who don't do contactless stuff can whizz up the road"
cambridge.... that is south of hamilton and hamilton is now level 3, south waikato is level 2.
good news for WHS and other retailers , container charges down out of china.
https://www.marketscreener.com/quote...64/financials/
As I predicted before the result when the average analyst forecast for FY22 was $110m, we would see significant revisions upwards to that figure once the FY21 result was released and analysts had recalibrated their numbers and sure enough its come to pass and the revised average analyst forecast for FY22 is here and its $126m after tax for eps of 37 cps.
Average target price is $4.17. FY22 PE based on average forecast is $4.10 / 0.37 = 11.1
Analysts are expecting modest earnings growth in FY23 and FY24 with eps growing to 40 cps. This looks very conservative to me and I expect further upgrades in due course.
Hopefully they can get on top of the Waikato cases and the slightly higher number of cases in recent days leads to a surge in vaccinations.
Things will go back to a new normal sometime in early 2022 and WHS is well positioned for a massive rebound in sales.
Being honest about it I wish they would take the wage subsidies in the meantime to stop the cash burn as they can always pay them back later when the bounce-back occurs like they did last time, (if they really feel they must). The directors are taking a very brave approach with shareholders money and basically saying we don't need Government support, (kowtowing to Spindy and her legions of woke colleagues and supporters who think any form of corporate support is egregiously evil), but I think Delta and its transmissibility are different and a lower risk approach is more appropriate and would ensure they can weather this storm no matter how enduring it is.
0% interest rates, unprecented stock market and property boom, plenty of support already.
Spare some thought for the WHS customers affected by inflation without help.
The ILSP party tried to juggle all its balls at once but dropped the most dangerous ball.
Yes take the money ASAP.
Thank goodness south of hamilton still free.
Good to see FY22 earnings estimate increasing to meet reality.
I wouldn’t think Warehouse actually qualifies for wage subsidy at present from a nationwide level? With most of the country at level 2 everywhere outside of Auckland (and from tomorrow Hamilton) has seen fully open retail, and Auckland at level 3 has enabled click and collect shopping.
For instance there are 24 Auckland Redsheds out of 90 Nationwide total - so 73% of stores have been open as normal since level 2 arrived outside of Auckland.
At present they may not but they would have qualified at level 4.
Has an economist calculated the boast to savings from lockdowns? Not the damaged to private enterprise which is lost revenue.
Some very nice dinning venues gone for good in auckland. This one is just ground hog day to wrecked revenues. This one is anything but quick and sharp. Its a policy of a big cuts to revenues if level 3 stays for months. Surprised the Market is still holding up.
look like the R Fyfes slow train wreck hasnt come to a stop yet.
(Deleted message)
"slow train wreck" ... also applies to govt reputation and the publics confidence. There is no viable alternative unfortunately
They dug the hole & let Joe Public have the pleasure of burying the spinning politicians deep in the trench
for all their hollow populist spinning on what they were or mostly haven't and wont achieve .. ;)
there must come a point where Joe Public has to consider the baseless spinning was in fact lies
on what is & was unattainable and all that swallowed them have been in the main deceived ;)
WHS SP handle may well be good value for longer as the Door to Door testing has revealed cases in South Auckland.
It all went South for the GOVT in Auckland, South Auckland. Own goal.
... and here comes the new Chief Digital Officer: Sarah Kearney
https://www.nzx.com/announcements/380298
I suppose her previous experience with alibaba and Lazada (an alibaba company) in Singapore might come handy for the job ;) ;
Looks like a good match.
24 months tops ..thats the time frame for this one. The Kanga's are bouncing in AUS; Tourism on the move.
BNZ says The BNZ has revised its economic outlook downwards and warned of a tougher Christmas retail period ahead as New Zealand transitions away from a "zero Covid" strategy.
No Christmas trading bonanza it seems
Do you have a link? Would seem to imply that the reserve bank aren’t going to be as aggressive as expected with OCR lifts if they expect economy to falter.
Personally I don’t see why retail spending would be any less this Xmas than last - level 2 for retail isn’t that different from level 3.
The real impact from level 2 is on the events industry (which basically remains shutdown) and to a lesser extent restaurants/bars (although they are pretty much full down here in Welly).
Individual savings accounts are bulging, credit card balances at decade lows, still no overseas holidays available, unemployment still near record lows, minimum wage & benefits have been raised, aucklanders with a couple of months of pent up demand for instore shopping = it all equals are booming Xmas.
How often are they right? Bank outlooks?
ive got requests for beach trips already and need a new roof rack for boards because the Sea Sucker's can crack glass roofs.
I think we will see the same retail bounce back as last year after the lock down. What is different : no overseas travel, money is still cheap, people have been cooped up, and home owners feel rich. And saving is not a favourite Kiwi past time.
Holding TRA and WHS in generous proportions.
well travel Journo exiting auckland in stuff today is saying its going to leak.. Remember all those Stuff MIQ returnee's saying its going to leak... just saw some ut's heading north to hamilton on the expressway...
if level 3 hits central north island it will be in wellington same day..
Now that willl hit WHS and every retailer SP or it should..
out in the farm lands where PC culture has yet to influence cow shed culture... they can see its all going Tits up North...
Remember when the bank economists said house prices would drop 10-20% because of covid- LOL. Instead they jumped 30% or whatever.
The one thing to remember is banks only care about themselves and their profits (not saying its a bad thing- just the reality). A few years back the CEO of ANZ penned an article in the NZ Herald talking about how house prices were too hot and there should be restrictions put in place by the RBNZ. He called for mandated deposit requirements on investors and FHBs, eventually of course this did happen. It was written in a way that portrayed ANZ as a caring, concerned corporate citizen. But the reality was ANZ were low on capital and were going to lose market share if they kept doing low/no deposit lending. So whatever these banks say take it with a grain of salt imo.
Anecdotal evidence here.. but in my circle of friends we are all up about $400-$500 a week during lockdowns because no daycare, no restaurants, no bars and no parking/petrol bills. I'm still of the thinking that retail is going to do very well over Christmas and the proceeding months. I am happy to be holding WHS shares.
Yeah I can go and have a some drinks with a mate on Wednesday :t_up: Life is getting better.
Lets celebrate https://www.thewarehouse.co.nz/p/arn.../R1334773.html
March will come around quickly.. last year and half went by in a jiffy..
The March interim will be the much awaited news.
Very interesting to hear retail will be reopening in Auckland during Level 3 (step 2). Great news for WHS! Hopefully kicks in next week!
They should have used Step A-B-C instead of 1-2-3.
Biggest wins for the last week has been AUS tourism... not NZ retail but expecting big things by April from this sector.
"out in the farm lands where PC culture has yet to influence cow shed culture..."
Love the comment, one of your best
Hate to think what might come next for ANZ but lets hope vaccination rate are up as is a summer of retail summer shopping, beaching, surfing, fishing, golf ect.. and gardening!
What's going to come next ? - try further more virulent strains , decreasing effectiveness of the jab - so updated
more effective jabs - say every 3 months to actually work ? .. but who knows ;)
but do increased rounds of the Jan work ? did they in Israel with how many Jab rounds so far
and things are still going ballistic ? ;)
And from the Virology desk in the Room - try a truckload of cases who received 'a safe jab' - well that's what the
Politician pillick pack's BS generating apparatus would like everyone to believe .. ;)
On Blood pills ? thinners .. blood pressure issues etc ? ;)
then you'll love what comes next (if you managed to survive) -
Anyone aware of the testing the various vaccines have undergone .. ? then on to
Human trial population .. Feel free to try to check out the prevalence of blood clots
occurring after the jab - that's right - you read correct and these things go real well
with Blood issues - thinners etc. There are cases around you arising from the effects
some of them right after receiving the jab - of course this is not what Officialdom
wants you to hear .. let's see what the next 3-6 months brings out on this ;)
Of course no-one can ignore a determined Political Spin telling everyone
it's completely safe .. ;) Why are Virologists pointing to in some spheres
to something completely different ? Why are we not being told of this ?
Of the true effective lifespan of the Vaccine as well ? Perhaps to cover
the clumsy longwinded effort at even achieving a moderate project vax
anywhere near a respectable % (that is assuming it's safe for everyone)
That's right - I said everyone .. well you have to assume that by the tune of the
Spinners in the Glass Towers it has to be .. or is it ? ;)
So safe the vaccinated still catch it, pass it on too .. What sort of Vaccine
is it again ? How effective ? .. and for whom ? .. and for how long ? ;)
Perhaps a Warehouse Plastic Bucket over everyone's heads would be safer ? ;)
Note to self: Research Covid Vax companies - the one or few with real answers
that go well beyond the now may be the next portfolio maker
Note 2 to self: Empty truck needed - WHS
Oh no that derailed the thread a bit..:eek2:..
have faith the 3 stage plan for healthy living and picnics (Act leaders summary) will get everyone practising early for summer.
Its the fact that level 3 will end by xmas no matter what as the border is release before xmas according to the Right Honourable Health minister..
The OCR surely cant be lifted if level 3 persists but the deficit will go up for sure...
All we want to know is will the retail shopper do their duty through think and thin, fair weather and foul, pestilence and plague , rain thunder and hail.
Its going to be a nail biter this summer for sure until end of march market updates. :scared:
-One 'off topic' post here before I return to the Coronavirus thread-
Don't believe everything you read on the net, regarding Covid-19!
But you can believe this. Over the next few months you have a choice of taking part in two free Covid-19 trials.
The first is run by the Ministry of Health under Doctor Bloomfield. You have a choice as to whether you enroll in this one. With over 500 million doses given out worldwide, this 'trial' is proving very successful in keeping Pfizer vaccine recipients out of hospital. On very rare occasions, from rare medical conditions present in less than one in a million people, a handful of people, who did not receive timely medical intervention, have died.
The second Covid-19 trial is being run by Dr Delta. This one you do not get the choice of choosing whether or not to participate. Dr Delta also likes to enroll your whole family too. But so far 4.55m people worldwide in this trial have died - not so good. Yet the good news is, if you choose Dr Bloomfield's trial, there is much less of a chance that Dr Delta will come calling for you and your family.
My plea to you. Do not put your family through Dr Delta's trial!
SNOOPY
"Dr Delta also likes to enroll your whole family too."
Classic ...
Snoops .. sorry but I don't believe everything I see or hear
being the enquiring sort of bod, much like yourself
For relevance, a few clauses near the foot of the earlier posting appear to cover things
Now I don't buy a particular company because of solely what some-one said or
someone posted 176 or so posts ago .. we're all trained to do our DD, enquire, interrogate
what is in front of us, and the facts V the propaganda.
You state 1 in a million = Rare. Try heftier % post jab exhibiting a certain blood content afterwards ;)
Some Politicians in the past have been known to mislead, misdirect etc in sometimes
very gravest of times resulting in serious consequences - 60 years ago and 20
something years prior and periodically before. Because a Politician says get in
a queue - follow each other down to a cliff and then all jump - would you, without
knowing whys wherefores etc ? ;)
Or for that matter The Glass Towers decreeing everyone must buy 10 x as many AIR
as they have WHS, if that was a Political spin - would you follow it without interrogating
the suggestion & facts ? ;)
I bet you wouldn't :)
I would be tempted to do exactly the opposite ;)
Everyone is fully entitled to all of the data, risks etc rather than following like sheep
not enquiring, not being told.. or being fed some of it, just what is convenient, or only
the sections that are politically correct .. required as to make an informed decision.
Govt's would be the first to pounce on anyone else trying a similar propaganda exercise,
but alas the case is completely different when they are the ones up to it .. ;)
That is no different in looking at buying TWS, exercising one's personal choice or otherwise
on Vax etc
This is exactly why it's so difficult to go from 80% to 90%.
Blame the system - for decade after decade everyone has been conditioned to question, interrogate the reasoning
Nothing wrong with that
Leaders should know they are absolutely required to have all the answers and produce all the data & facts..
More so with a lot who have more fails than completed success missions currently on their scorecard ;)
Now, the new appliance I'm buying from TWS tomorrow will come with all the Gen, manuals, guarantees
warrantees etc.. ;)
Can't not like TWS looking forward :)
Brad from Infometrics said on radio that spend is up 6% since most of the country went to L2 ….and the rebound should see retail doing well in the coming months
He’s an economist so must be right, especially if we agree with their view of the world
Good people economists
I am impressed at your ability to keep 'on topic' nztx. So just like Warehouse customers racing off to their favourite store to get the best deal, I shall take your off topic content here and transfer it to the Coronavirus thread where you can learn about the best virus avoidance deal. Out of courtesy, I would ask you to remove your Warehouse bucket from your head when you arrive there though.
SNOOPY
CFO buys more shares
Things must be going to get better
http://nzx-prod-s7fsd7f98s.s3-websit...363/356267.pdf
Oram seems to buy 15,000 shares at about this time of the year
Now has 45,000 at average $2.95
Token gesture though .......Still hasn't got as many as beagle or me ..... is that a bad sign ....maybe he not as committed or excited about WHS as we are.....he should pull his finger out and buy more .....jeez he's probably earning $600k plus a year
Though some might say beagle and me are stupid having more than Oram has
And beagle probably holds more than Chair Joan (I'm a few less than her)
Waiting on AUS , NZ retail performance with bated breath.
Tui's have stopped fighting over the yellow flowers and c21 yesterday in a warm spring day. Maybe the spread will slow with summer.
Market might wait 6 months while waiting to see what the future brings for the economy. Prices tend to rise long before results are reported as in AUS tourism which is now a good year ahead of itself.