Consumer Mag had Warehouse as expensive for groceries.
Their mastercard is good value though, I use it.
Printable View
Consumer Mag had Warehouse as expensive for groceries.
Their mastercard is good value though, I use it.
Quite a bit of support today. Anybody catch the comments on ASB business today from a Macquarie analyst?
It was based on the same information as this article in the New Zealand Herald: Woolworths sets its Warehouse priceQuote:
quote:Originally posted by stephens.pc
Quite a bit of support today. Anybody catch the comments on ASB business today from a Macquarie analyst?
Woolworths has told The Warehouse Group it is prepared to pay $7.15 a share to gain control of the Red Sheds company, the Business Herald understands.
The approach - contained in a written proposal to the retailer's board - was made in April, two separate sources say.
It's no great surprise that this has spawned another story during the day Warehouse 'may be in breach' of NZX rules
Stock exchange operator NZX said The Warehouse would be in breach of listing rules if it had received a takeover offer without disclosing it.
All down the tubes as CC says no - Doesn't anyone know that fat profits from a takeover of this outfit are as remote as a heatwave in the Arctic circle?
Warehouse quadruples profit
So says the Herald .... and the shareprice goes down
Suppose its all on again with Woolworths et al winning the appeal
Good return for those who took a punt around the 500 mark as well
Still think Woolworths will be very interested .... at what price?
$7 eventually, when the auction finally comes to an end, but the opening bids will be somewhat lower. It will be an out-and-out war between the two bidders, who will be taking the longer-term view and won't be too influenced by the market oscillations since their original expressions of interest.
The Dominion Post Says:
Analysts are expecting a takeover offer for The Warehouse at more than $7 a share will be on the table this year, despite the Commerce Commission's attempts to block the likely bidders.
Macquarie Equities analyst Warren Doak said The Warehouse could attract a takeover bid from either of the supermarket companies at about $2 above the current market price ...
First NZ Capital analyst Sarndra Urlich agreed, saying the commission's original rationale for blocking the two companies was flawed. A bid of $7.20 a share would represent full and fair value, she said.
The article is here: More than $7 a share tipped for Red Sheds
The appeal is on this week with most predicting that it will fail. What would be the risk/reward of taking a punt on this outcome?