Nothing new here. ……Red Sheds have been losing share for more than 15 years …even last year when sales rocketed
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Yes 'transfer pricing' arrangements which affect cost prices can be used to manipulate declared results up or down. There is a whole area of law for specialists to get their head around.. I'm not an international tax specialist, all I did before was Google the aust rate to compare :p
Therein lies the nub of the problem.
If my thesis is correct (that there was a huge amount of one-off Covid related "nesting" expenditure at WHS and mainly at Noel Leeming and themarket.com is nothing but a deep black hole), maybe its back to $2 once all the dust settles ?
I’d hazard a guess Nick has heard about the current fad of NFTs ….. probably incorporating it into his strategic and marketing plans as we speak. Watch this space
good description of a NFT I’ve heard is most NFTs “are about as valuable as a QR code on a Coke bottle cap that sends you to a dead link to an mp3 download.”
Nice round number like 300 will bring the bargain hunters out of hiding won't it .... and buy off those who have said enough is enough
3 bucks so much cheaper than 4 bucks
Even Nick might buy heaps more and average down on those he bought off beagle at 411
Down more than $1 (27%) in January. Wonder what February will bring ?
Analysts still reckon they will do $109m this year gives eps of 31 cps. I'd like a Tui to go with that please. I'm downgrading to$80m with Omricon's outbreak upon us, gives 23 cps.
Downgrading again to fair value @ $2.30 as I anticipate material Covid effects to linger well into FY23.
Not sure Omircon will effect retail as much as delta. Govt said no more lockdowns? As long as we dont lock down it will be fine.
Increasing interest rates and inflation for me will severally hurt retail. So much discretionary spending gone with higher mortgage payments. Most wage earners get 1 annual pay rise. Wages wont keep up with inflation, less buying power.
Overall less money to go to the retailers. But then again WHS is where everyone gets a bargain.. maybe WHS picks up some shoppers that can no longer afford high st.
We will have to wait and see https://www.nzherald.co.nz/world/cov...IZ4WND2GRIZFU/
Yeah its been a very tough month Habits with the NZX50 down more than 9% but a 27% fall is around triple what the market has fallen.
Beagle as you know, Ecclesiastes 11:1 says to cast your bread upon the waters which means "to do something good or take a risk, usually without expecting very much in return."
WHS fits that then :scared:... in actual fact down 30perc from Ath. Extend the timeline another couple months you could find many blue chips similarly eg Rym, Fph.