WHS - Warehouse Group

[winner (n)]

Taylor
Umbers
Greenslade
Pattison
Grayston
(Missed one or two?)

Whose next to join the list of losers?

[Red Baron]

Grayson's involvement seemed to take the company backwards

Apparently Nik's bio book comes out next veek.   Available vrom Ze Varehouse.  Ze title?

----------------

"From Superman to Super-man: A career destroying journey into enforced retirement"

Big pic of Nik on the cover.  Comes packaged with a $6 carton of raw eggs.  And a note that they may be 'aimed to please the target market'.

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RB

[Gerald]

Nailed it. If only I could have got $2 million in consulting fees for that advice.

Might be missing 4. Complete board refresh.

Nick had the support of the board the whole time, he just looks like the sacrificial lamb for a bunch of people who promoted and allowed his empire building. Even looking at the new temp ceo, was a director of the market since the beginning and judging by his linkedin hasn't had a non board role for the last ~7 years. Not sure if they got the message yet? Also - Tony Carter?

In saying that if Torpedo 7 was -$20m EBIT for FY23 and the market similar, that would have been a 40% boost to the FY23 result so numbers might struggle to get much worse in the medium term.

[Basil]

Almost comical that the boards idea of a refresh is to bring in the aging Tony Cater of (among other very serious under-performers), FBU and AIR "fame".  Never forget the time I bought up FBU's serial underperformance in discussions with him after an AIR AGM...he couldn't scoot off to get another cup of tea and get away from me fast enough.

In saying that if Torpedo 7 was -$20m EBIT for FY23 and the market similar, that would have been a 40% boost to the FY23 result so numbers might struggle to get much worse in the medium term.

I'm sure they'll find a way lol

[Greekwatchdog]

Taylor
Umbers
Greenslade
Pattison
Grayston
(Missed one or two?)

Whose next to join the list of losers?

Losers is a little harsh W69. Some were forced to go thru lack of performance, others have decided to leave. Just because Share prices are depressed shouldn't mean we call them all losers.

[Basil]

Okay...might give Greenslade a pass but the others...

[winner (n)]

Taylor
Umbers
Greenslade
Pattison
Grayston
(Missed one or two?)

Whose next to join the list of losers?

Forgot about the SKC man

[Mos]

Nailed it. If only I could have got $2 million in consulting fees for that advice.

Best 3 point plan I have seen on Stocktalk . Took the Board way too long to execute. Entrep for Chair!

[Basil]

LOL mate. Better ask her I reckon.
In my previous post I suggested it's surely worth less that $1 now and then there's the almost inevitable NZX50 index exit still to come in due course.  You could try a dead cat bounce on index exit trade..what could possibly go wrong  lol

All time multi decade low of $1.05 hit today and almost certainly headed lower still.
The board need to be accountable for the absolute shambles of a state Nick has left this company in and the financial carnage he created which the board endorsed.  Start with Joan Withers who in my opinion is well and truly past her "best before" date.

[Mos]

A tough one to turn around.
Kmart owns cheap and cheerful.
Briscoes owns reasonable quality merchandise.
Pak N Save owns cheap groceries.
Bunnings/Mitre 10 own DIY.
Warehouse owns no man's land.

[winner (n)]

All time multi decade low of $1.05 hit today and almost certainly headed lower still.
The board need to be accountable for the absolute shambles of a state Nick has left this company in and the financial carnage he created which the board endorsed.  Start with Joan Withers who in my opinion is well and truly past her "best before" date.

Hey Basil ...... need to show more respect to DAME JOAN

Recognised for services to business and women in business

[Basil]

https://www.nzherald.co.nz/nz/kings-birthday-honours-2024-back-to-business-peter-beck-theresa-gattung-jim-boult-rod-duke-rachel-smalley-adrienne-winkelmann-among-recipients/U7Q5INMWMZCBHCK6GQVO3LXOYY/
They forgot to mention all the good work she's done with ESG initiatives like giving back ~ $60m to the Govt with wage subsidies and how "wonderfully beneficial" those ESG things have been for WHS business.
Maybe they're saving that ESG recognition for a knighthood for John Penno next year ?

[winner (n)]

Warehouse given Extremely Woke rating

https://wokeup.nz/2024/03/20/the-warehouse-group/

[BlackPeter]

Warehouse given Extremely Woke rating

https://wokeup.nz/2024/03/20/the-warehouse-group/

So has One.NZ : https://wokeup.nz/2023/11/07/one-nz-formerly-vodafone/
IFT shareholders better run for the hills ...

and Spark - they are listed as extremely woke as well.: https://wokeup.nz/2023/11/02/spark-nz/
No surprise their SP is tanking;

Ah yes, and Starbuck rounding up the list of extremely wokes: https://wokeup.nz/2023/10/31/starbucks/
 ... but lets face it - no decent anti-woke would drink their coffee anyway ... its not just woke, but it makes fat. Oops - this was an anti-woke comment, wasn't it?

[Minimoke]

Warehouse given Extremely Woke rating

https://wokeup.nz/2024/03/20/the-warehouse-group/

Well. It did go down the Living Wage route. And sold Disney Pride toys and actively donated to radical Trans activists InsideOut. As well as green washing. They tick a few boxes.