"eps rising nicely from 29 cps this year to 31 cps and 33 cps in FY24."
Seems slow growth, maintaining inflation rate. Does this forecast allow expansion into grocery retailing etc
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"eps rising nicely from 29 cps this year to 31 cps and 33 cps in FY24."
Seems slow growth, maintaining inflation rate. Does this forecast allow expansion into grocery retailing etc
Consumer staples companies tend to be modest growth. This is an income stock first and foremost with 10.8% gross average forecast yield for FY23 and FY24. I think the rate at which they expand their grocery retailing is a matter that's currently a work in progress. Lets see what the company has to say about their future plans in their full year report in due course.
I think that hits the nail directly on the head. There's no question in my mind that there's never been such a head of steam with consumer resentment towards the incumbent supermarket duopoly that are taking consumers to the cleaners every time they shop so the current environment certainly provides a very fertile ground for WHS expansion.
These massive profit margins the super markets are marking... going to be easy for WHS to slip in and get a piece of the pie. Looking forward to reading about all the dollars they are making off groceries in the coming reports.
Mind you, might be a couple of periods of losses while they get their systems sorted. But much like the Market its a long term game
warehouse sales will fall next report my pick.
out of stocks is getting worse and with the lockdowns in china making port congestion worse and delays to deliveries this is not good for all retailers.
Yes well that's a pretty safe bet because for most of this quarter Omricon has been rampant. Chinese are starting to try and open things up.
To be clear, investing now I am investing taking a "look through the immediate short term challenges" approach. I believe if you wait for spring time to invest for the November dividend, on the balance of probabilities the price then will be higher than it is now but I agree that we live in interesting times. This is a medium to long term investment for me. My plan is to simply replace income from work with income from WHS and "others" so I can get even more semi retired than I already am. "Others" are probably going to be lifting my stakes in HGH, TRA, ARG and GNE which are all strong income generators.
WHS unaudited to jan 2022 reported sales lower than last year and inventories up.
looks like they may have a small reserve in place and perhaps they like many other companies around the world will be looking to diversify the supply chain.
no one want to be stuck anymore with supply from country's that have high political risks.