WELL WHS fits $7.05,, Well can remember when winner69 would not BUY at $2.60 he stated then they where to DEAR ..[8D]
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WELL WHS fits $7.05,, Well can remember when winner69 would not BUY at $2.60 he stated then they where to DEAR ..[8D]
Tesco tipped as Red Shed bidder says the New Zealand Herald.
A major player in the international grocery business has expressed interest in buying into The Warehouse, a source close to Stephen Tindall says ... However, the interested party is not yet involved in formal discussions, the source says.
http://www.nzherald.co.nz/section/pr...ectid=10410563
Look like a good time to get some shares here.
Fodder, fair enough to throw the quote that I dished out back at me.Quote:
quote:Originally posted by Fodder
Originally posted by Snoopy
So does that make the people who 'held out' and didn't sell their shares to Foodstuffs clever, sensible or merely lucky? I pick the latter.
No it makes them one thing Snoopy:Patient..........
............."The Sharemarket is the transfer of wealth from the impatient to the patient" ;)
However, to reprise the situation: I had some WHS shares. I had a price at which I was willing to buy more. I had a price at which I decided I would sell up and look at other opportunities. These prices were predicated on Stephen Tindall being content with the status quo of his own shareholdings. In order to judge my actions you have to look at the reasonableness of this last assumption.
For a start Tindall floated the Warehouse business himself. Can you name another entrepreneur who floated his own business then subsequently bought it back? No? Then what probability would you give to Tindall doing this with the Warehouse (without the benefit of hindsight)?
What chance do you think of Tindall wanting to sell out to Wal Mart or another big international player, given that he has just tried to buy the company back himself? Before today's announcement concerning Tesco, I would say 'very low'.
What chance would you give to Tindall wanting to retire from his Warehouse directorship, cut the cash supply off to his Tindall foundation and put those shares on the block too. Given Tindall is still pretty much a business dynamo, I would say 'very low'.
The key factor in what is happening at the Warehouse centres around ST contolling the direction of the company he founded via the share register. Personally, before this year, I couldn't think of a top twenty company *less likely* to have a change in contolling shareholder. But that doesn't rule out the unlikely happening!
While patience is a virtue, particularly in investment matters, you have to balance the likelihood of an outcome with the payoff if that outcome happens. Warehouse was always going to be a strategic asset and, to the right retailer, worth a lot more than the underlying economics of the Red Sheds (read has a high payoff). But there are plenty of NZ companies out there with much more open share registers than WHS, that are equally strategic: e.g. Sky City, Fletcher Building and Telecom. To me it makes much more sense to have patience in investing in those shares rather than the Warehouse.
To sum up: I had an investment plan, I stuck to it, I made some money (albeit not as much as if I had held on). To outperform my investment strategy I would have had to have relied on an unlikely event. I don't bet on unlikely events. Thus IMO those investors who held on through the Foodstuffs offer were wrong, even though as it happened to turn out, they are now richer than I am.
SNOOPY
discl: ex WHS holder
Snoopy. Mr G Hart floated Rank and then rebrought his company and it is getting very common overseas with PEP help. His experience with the sharemarket disillusioned him that he trys to avoid them now.
Bling Bling says why would ST tell the market that there is another interested party when the party itself has not even made a formal offer on the table? Maybe ST is getting ready to sell at the right price while ramping up the price helps in his decision? :D
ps: Stores that are too big pisses Bling off, cos it takes Bling over 30 mins running around to find out that they dont stock that particular item Bling is after ! [xx(]
Good on those who held this shares. Wish I bought some when they were under $4.
Westfield have published a report after 9 months
of trading, has some interesting information
with statistics for growth in different countries, store type and product category.
http://sa.iguana2.com/cache/ce235434...WDC-434096.pdf
Fair enough, it's likely that a lot of people wish that they bought Warehouse shares under $4 at the moment. But to improve your chances of future success you need to solidify your approach and attitude towards investing.Quote:
quote:Originally posted by lager
Good on those who held this shares. Wish I bought some when they were under $4.
Quote:
quote:Originally posted by lager (in RBD - Restaurant Brands)
Buying shares is a form of gambling. It's also un-predictable.
Foodies must have done a deal with Tindall, but don't see how they are going to get past Woolies.
Foodstuffs aims to buy Warehouse
NZPA | Thursday, 21 December 2006
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Supermarket operator Foodstuffs has applied for Commerce Commission approval to buy discount retailer The Warehouse.
The three Foodstuffs cooperatives have applied for regulatory approval to buy 100 per cent of The Warehouse shares.
Foodstuffs is New Zealand's largest grocery retailer and owns the New World, Pak'N'Save and Four Square brands.
The Warehouse operates The Warehouse and Warehouse Stationery.
Warehouse founder Stephen Tindall, in a consortium with Pacific Equity Partners, said in September he planned to offer shareholders $5.75 cash per share in a bid to take The Warehouse private.
Mr Tindall's family interests and the Tindall Foundation hold around 51 per cent of The Warehouse.
He pulled back from the bid on October 30, after Australian supermarket giant Woolworths bought 10 per cent of The Warehouse, helping lift the company's share price.
The other member of the New Zealand supermarket duopoly, Foodstuffs, had previously bought 10 per cent of The Warehouse.
Both Woolworths and Foodstuffs were therefore in a position to block any formal takeover attempt.
Today's announcement was released after the market closed.
Shares in The Warehouse closed up 2c at $6.92.
http://www.stuff.co.nz/3907370a13.html