WHS - Warehouse Group

[PeterLynch]

Why isn't there are thread on this yet?

Checked history but looking solid lately.

Price holding up well given recent downturn in consumer confidence.

Looks set to ride out the current environment.

Likely plenty of time to get in. On the watchlist. 

A Peter Lynch specialty.

[Jay]

Apparently Warren and Charlie both post on here as well, we must be in good company.
WHS does seem to be holding up

[SCOTTY]

Excellent advice. Thanks for posting 

[blackie]

BOOM
my WHS are back in the green 

for my sanity I like to celebrate every win...... however fleeting it may be

[lorraina]

https://finnewsnetwork.us1.list-manage.com/track/click?u=4e327af0b9377422183e60879&id=b16b7052f7&e=2039e3d3d1

[winner (n)]

Noel Leeming been losing market share since middle of last year (when that guy left TWG)

And JB HiFi quarterly sales growth been better than NL of late

[Shareguy]

Don't go to the warehouse very often these days but ended up going last week and found only about 3 customers in huge store.

[Basil]

Everyone is hating on it so it might be a good buy LOL

[winner (n)]

I have a feeling WHS Will come out next week to give an idea how the year that ended July 31 went

And probably won't be that good

[winner (n)]

Heard that some very well off f(like rich) families are spending these days more money with the warehouse group (red sheds, Torpedo 7, the market) than we used to.... and even going down there to buy butter, flour and some other food essentials ..... like no matter what we all need the basics of life eh

Many say the more stressed househoulds are trading down but it seems the well off are as well

Only anecdotal but suggests WHG could be doing rather well at the moment

Anecdotal or fact ..... some say if you need to choose between anecdotes or facts it's often better to chose anecdotes.

We'll know in a week or so how well 'could be doing rather well' is

[winner (n)]

Stats NZ Electronic Card Spend data for August month just out

Core Retail (basically everything but vehicle related and non retail / services) up 2.1% on July (seasonally adjusted) ..... and up 25% on August last year when we were locked down.

So people still spending .... good sign for WHS prospects and ongoing good divie

[Perky]

Jeez winner, did the wind change between your last two posts...I think you've got it covered somewhere between doing well and not doing well. Lol

From my observations in store I think only some categories of their groceries will be moving well but they will have margin pressure as there discounted heavily below market price to move them

I notice the last few weeks grocery offers via their app have pretty much dried up.

Disc. Not a holder but interested in their grocery experiment and interested to what comes next in this category

[Basil]

Thanks Winner...I bought back a few of the ones I sold to Nick last year for $4.10.  Hope he wasn't selling me back the ones I sold him LOL.

I think what you suggested has merit.  I suspect most comfortably well off people are happy to compromise their feel good upmarket shopping experience to slum it with normal people in the WHS at times like this.

On the other hand sales at Noel Leeming might have taken a hit.  It will be fascinating to see how they are going when they report later this month.
Probably not a bad hold as an income stock as part of a very well diversified portfolio.

[winner (n)]

Jeez winner, did the wind change between your last two posts...I think you've got it covered somewhere between doing well and not doing well. Lol

From my observations in store I think only some categories of their groceries will be moving well but they will have margin pressure as there discounted heavily below market price to move them

I notice the last few weeks grocery offers via their app have pretty much dried up.

Disc. Not a holder but interested in their grocery experiment and interested to what comes next in this category

The wind changes whether one thinks they should be doing suoer well (living up to Nick's hype) or have just another ordinary year

They are an enigma really but no matter what's thrown at them they'll probably manage 80m/100m 'adjusted profit' a year .... and this year it'ssprobably be 90m

That's enough for a 20 cent divie so OK

Don't overlook that Mr Tindal needs that divie for his Foundation so he'll make sure as much as possible is paid out

[Perky]

Yes well I think the Whs should be doing super well every year...

I think they could be ordinary this year..weighed down by noels coming off Covid tailwinds, torpedo 7 will be so so and red sheds will have sold a lot of milk, flour and butter which kept customers happy but shareholders poor as the selling price of these items is unsustainable. The grocery experiment will end in a whimper and they will go in search of the next category nirvana after they already exited finance,jewelry, Whs xtra, alcohol, Australia...silly solly etc. The market will still be selling heaps but costing heaps to run selling other businesses products.
By jiggery pokery of group numbers the dividend will still be paid

Maybe when the economy slows a bit more the red shed will go better. Not enough pain yet

I could be also be horribly wrong so GLH

Even though I'm not a holder it's an interesting company to follow with its diversity of product mix and sales channels that aren't always closely related in performance ie when Noel's goes well whs probably not and vice versa..when they get all bits going north ...that's the year