What signs are you referring to? With the wage subsidy and lockdowns meaning you cant spend on much more than food I would have thought household balance sheets (on avg) looking pretty good.
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biggest city in the country in level 2-3 for another 8 weeks at least.
Imagine if they cant control it? Level 2.5 till when?
it will impact spending once government runs out of sub's...
they stopped the current game plan because the government running out reserve rain day funds.
Moving to a 'living with covid' strategy is going to see services sectors struggle over the next 6-12 months in my opinion. This may also impact retail, however people should have more money to spend in retail as it won't be spent on services.
I don't expect to see massive sales or margin growth over the coming years as headwinds are certainly appearing. However, even if the bottom line is maintained at current levels the SP right now is still cheap.
" SP right now is still cheap"
market will want to see actual numbers on this one but if and when that SP should move up a lot...
Living with Covid
Good posts that nicely encapsulate the outlook ahead and risks. Market screener has the average analyst at $126m for FY22 which is 37 cps which seems like a fair and reasonable estimate to me and puts WHS on a forward PE of 11 which is consistent with a low growth company which is what the analysts are predicting in the years ahead with eps slowly growing to 38 and 40 cents in FY23 and FY24 respectively.
Analyst consensus price target of $4.45 feels about right but this is a 12 month price target and Waltzing has nicely articulated the risks. https://www.marketscreener.com/quote...64/financials/
Downgrade to Hold
The current share price level seems fairly balanced to me in terms of risk v reward and I have downgraded to hold and recently adjusted my portfolio allocation accordingly.
Yes a Hold... but who did not buy total holdings below 3.70 and some well below, will be sitting on big gains already.
When the EPS comes in at or above forecast and this Div holds, the scramble will be on for the laggards and the Beagles will be sitting pretty.
Ha ha Beagle made my day big time
It seems he's been selling shares to Nick ....maybe even to Chair Joan
Well done - insiders buying not always a good sign
Thanks mate. As you know, one key advantage retail investors have in the lead up to an annual result announcement is they can still buy, whereas insiders will be in a close out period. I imagine they would have loved to buy at ~ $3.50 in the lead up to the result not at over $4 afterwards and LOL yes I can confirm that the same morning the CEO Nick declared he bought at $4.10 I sold a parcel at that price and the same day Joan (Chair) bought some at $4.11 I also sold some at that price.
Still holding a moderate stake in WHS and HLG.