Perhaps Snoopy.?
I do not think he holds any WHS.............................lol.
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OMG - queuing up in chilly conditions to buy a membership for a shop that is not going to open for months
Probably all loyal Warehouse customers
Queues form for Costco membership, months before opening
https://www.rnz.co.nz/news/national/...before-opening
Disc: I bought a lot more today, best income stock on the NZX in my opinion especially now that HLG dividends are less than 50% imputed.
Updated average analyst price target is $3.70 and consensus view is BUY. Not sure if all 3 analysts revisions are in there yet or not but at this stage https://www.marketscreener.com/quote...64/financials/
Updated FY23 forecast is eps of 31 cps and fully imputed 23 cps in dividends = 23/0.72 = 31.94 cps gross inclusive of imputation credits.
Shares closed at $3.30 today so adding back the near term dividend, (goes ex 10 cent fully imputed dividend on 5 April) the net investment is $3.20 for 32 cents of gross forecast income in FY 2023 = 10.0% gross yield rising to 25 cps fully imputed in FY24 = 10.9% ! and those highly attractive yields are despite the share price rally this week.
Its not too late to get yourself well positioned for excellent income in the years ahead with WHS.
They have really impressed me with how resilient they've been in extraordinarily challenging trading conditions and come through after paying a ~ $60m dividend in November and all that time when so many stores were closed with the 107 day lockdown in the greater Auckland region and the balance sheet has remained exceptionally strong still with $150 cash on hand and no debt, down only $10m from the $160m last year ! To say I am really surprised how well they've coped in the extremely challenging conditions would be a real understatement. Kudos to management, they deserve it.
Can this coy Whs grow from here where they are now. They said 12 months ago they are looking for acquisitions but obviously did not have anything in mind when they said that. If they continue as they are they will still do ok with great yield for investors. Or are they actually going to take on the grocery kings in a meaningful way. Foodstuffs have divested their stake just in time