That hits the nail directly on the head. $5 Billion is chump change to what this is costing them and will continue to cost them as the tail continues to wag the dog.
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Had a nice walk in the park today. Lots of happy looking dog's wagging their tails. It occurred to me that a dog would look pretty stupid it if rotated around its wagging tail and yet that's exactly what's happening in Auckland. Our lives are being held hostage to the vaccine tail. Those "rocket scientists" who think they know better than the best health experts are wagging the Auckland dog and may end up wagging retailers like WHS.
Anyway...enough of the (probably irrelevant analogy's). WHS is scheduled to update the market with its FY22 first quarter sales on Friday 12th. I expect the numbers will be fairly grim (as lets face it WHS online system is a pretty ugly dog of a thing) and the approx. 2 million who have been in lockdown are probably too shell shocked and war torn to spend much online anyway.
Dividend hounds should make a note of the above date in their diary. If they don't cancel or defer the dividend on that date you're all good and will get your dividend feed. Just remember that's more than $60m leaving WHS bank account that's already weakened by lockdown. The dividend (if you get it) will feel like a great feed but remember there no such thing as a free lunch.
"costing them"
debt recycled with the bill going to against Future GDP..and business ultimately getting the Tab.
shut down the bumbling hive.... it just too dangerous to let it go on much longer.
Viva la Révolution.
Rotten apples and eggs id say.. Staunch labour voter in auckland said its all insanity and those gantries should have been up last year. Techno engineer and sees no problem installing except its almost to late since the tech would have to come from overseas.
A special flight could have been put on since it would be cheaper divert a cargo plane than lock down auckland.
Private enterprise should have been let in last april to re tech the country. Rabbit and Hat time or rather magic trick and who;s legs get cut off.
could cost share holders a lot of future SP and Div gains...
first vac numbers looking good though and by xmas the border could be gone, saving the government from no confidence vote.
It's incredible that a fully vaccinated Aucklander, with a negative 3 day test can't leave the city today. A foreigner flying in from overseas has more rights and more freedom to get to more places in NZ at the moment than an Aucklander does, something is not right here.
Yes the team of 2 million who have been doing ALL the hard work are well and truly due for a break !
Aucklanders are sick of being treated like caged animals !
https://www.nzherald.co.nz/nz/covid-...LWSL3LXEPGUZY/
Divie saved …..got a new SUSTAINABILITY LOAN to pay it if they need a bit of extra cash
Good for share price as insto and fund managers love investing in these companies committed to ESG
https://www.nzherald.co.nz/business/...T32XO3YBFLQZE/
Besides normal sustainability stuff it ‘also has a target to achieve 50 per cent of women in its senior leadership roles and pay equality across all genders.’