WHS - Warehouse Group

[sunnysleeper11]

So how does this work. Don't most supermarkets lease back the buildings, not own them due to the capital requirements.

I like the vision. It's like a property grab. Buildings would have to be converted one by one, sold off and leased back. Then an owner operator buys in.

At the end of the day, a major break up of the assets, repackaged, even a new supermarket NZX listing etc. And posh clean modern looking buildings in small town NZ.

Win win win.

do you know how many of the warehouse's warehouses are owned /leased by them?
cheers

[Toddy]

I have no idea. Never looked at the WHS accounts as it's an investment I've never been interested in.

What I do understand is that the WHS has had its day. So any new model would help stop the shops from becoming ghost exercises.

[winner69]

do you know how many of the warehouse's warehouses are owned /leased by them?
cheers

They still own a bit of property but not sure how many

Have $755m lease liabilities though

[ralph]

Supermarkets would require a lot of skills Tindall does not have.
Butchery,Bakery,Deli,Liquor,Fresh Fruit and Vegetables,
Incredible logistics the WHS have not mastered.
Capable staff.Good store layouts.
Nationwide set up costs,freezers,display cabinets,home delivery vans etc would require very deep pockets.



.

Hey Percy I think any consortium Adam ant whatever will have thought of this a long time ago and have something tasty lined up rather than a random punt .
Hopefully its Aldi lol oh Aldi do not have a bakery or butchery !!

[percy]

Hey Percy I think any consortium Adam ant whatever will have thought of this a long time ago and have something tasty lined up rather than a random punt .
Hopefully its Aldi lol oh Aldi do not have a bakery or butchery !!

Aldi would make it work.Bring it on...lol

[LaserEyeKiwi]

I have no idea. Never looked at the WHS accounts as it's an investment I've never been interested in.

What I do understand is that the WHS has had its day. So any new model would help stop the shops from becoming ghost exercises.

For context, WHS is still earning in the ballpark of $3 Billion revenue annually.

[Toddy]

For context, WHS is still earning in the ballpark of $3 Billion revenue annually.

So why would shareholders agree to the low ball offer then.

The Private equity boys will take all the lollies....

[Balance]

So why would shareholders agree to the low ball offer then.

The Private equity boys will take all the lollies....

Could be $5 billion revenues but what is pertinent is net profit and cashflow.

[Sideshow Bob]

Could be $5 billion revenues but what is pertinent is net profit and cashflow.

Reminds me of the old quote......

"Revenue is vanity, profit is sanity but cash is king"

[percy]

Reminds me of the old quote......

"Revenue is vanity, profit is sanity but cash is king"

What a great quote.
Thanks for posting.