Share Price Alert: The Warehouse Group Ltd

The Warehouse Group Ltd [WHS.NZX] like most other listed retailers, is on sale at the moment. The Warehouse stock has lost almost 12% in value since December 2010, around 8% of that loss over February alone, to close at $3.38 today.

Much of that loss has been due to a negative trading update in early January but the share price has come under pressure over the last 2 weeks as post Christchurch Earthquake 12 stores in that region will have compromised sales for some time and two stores will be shut indefinately because of structural damage.

There is also the prospect of lacklustre trading for at least another year as the New Zealand economy continues to bite hard on retailers of all persuasions.

Having said that the company is paying a rather attractive gross dividend of over 13%, with a net dividend of greater than 15c per share coming up post the March 12 profit announcement.

The prospect of another CEO taking over from Ian Morrice in the latter part of 2011 and changing the current flagging fortunes of the company is a possible bright spot on an otherwise darkish medium term horizon.

The current share price is 8c off a 52 week low of $3.30 and over the last year the stock has rallied from these levels 3 times so a short term gain could be nade as well as a relative bargain for long term investors like me.

Buy on further weakness. I will be looking

Share Price Alert

Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd

Disclosure: I own WHS shares in the Share Investor Portfolio

The Warehouse Group @ Share Investor

The Warehouse Group: Tips for the new CEO
The Warehouse Group: Should Ian Morrice Go?
Has the Warehouse lost its Mojo?
Stock of the Day: The Warehouse Group Ltd
The Warehouse Group Ltd: Takeover Prospect looking good on paper
VIDEO: Extended Ian Morrice Interview
Share Investor Q & A: Warehouse Group CEO Ian Morrice

Warehouse Group Ltd: 2010 Full Year Profit Analysis
Share Investor Q & A: Questions to The Warehouse' Ian Morrice
Long Term View: The Warehouse Group Ltd
Share Investor Short: Warehouse Group yield worth a look
The Warehouse Group: 2010 Interim Profit Review
The Warehouse: Big Brands, Big Opportunities
Warehouse strike opportunity to buy
Long Term Play: The Warehouse Group
Share Investor Short: Warehouse Group yield worth a second look
Woolworths supermarket consolidation an indicator of a move on the Warehouse?
Stock of the Week: The Warehouse Group
Warehouse 2009 interim profit a key economic indicator
When will The Warehouse bidders make their move?
Long vs Short: The Warehouse Group
Warehouse bidders ready to lay money down
The Warehouse set to cut lose "extra" impediment
The Warehouse sale could hinge on "Extra" decision
The case for The Warehouse without a buyer
Foodstuffs take their foot off the gas
Woolworths seek leave to appeal to Supreme Court
Warehouse appeal decision imminent
Warehouse decision a loser for all
Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
Why did you buy that stock? [The Warehouse]
History of Warehouse takeover players suggest a long winding road
Court of Appeal delays Warehouse bid
The Warehouse set for turbulent 2008
The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon

Discuss WHS @ Share Investor Forum - Register free
Download WHS company reports

Shop online at The Warehouse


NEW - From Fishpond.co.nz | Think Bigger, By Michael Hill

c Share Investor 2011

Share Price Alert: Pumpkin Patch Ltd 2

Pumpkin Patch Ltd [PPL.NZX] shares really got another good arse caning yesterday when its share price dropped another 6c to close at a 52 week low of $1.31.

The principle reason for this was a net profit result out yesterday that was down 44% on last years result.

Of course the market knew of this back in January when a profit downgrade was announced to the market so the result seemed to be a surprise to some.

PPL shares have lost approx 30c this year so far and since and since an April 2010 high of $2.30 they have shed more than 40% of their value.

This presents an opportunity to buy PPL on the cheapish side.

I would be patient though, because management don't seem very clear about the future of the company (commentary in the profit release was confusing to me) and its trading proposition over the calendar year and further pressure is likely to come over the rest of 2011 as people close their wallets and head for cheaper less brand oriented fare.

This will not last however, PPL is a good brand and once the economy gets going again - whenever that is - we will see this company doing better as mums start to look for brands again.

Be patient and look for further weakness to buy.


Disc I own PPL shares in the Share Investor Portfolio


Share Price Alert

Hallenstein Glasson Holdings Ltd
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd


Pumpkin Patch @ Share Investor

Share Price Alert: Pumpkin Patch Ltd
Stock of the Week: Pumpkin Patch Ltd
VIDEO INTERVIEW: Pumpkin Patch CFO Matthew Washington
Pumpkin Patch Ltd: 2010 Full Year Profit Analysis
Pumpkin Patch Ltd move downmarket
Long Term View: Pumpkin Patch Ltd
Pumpkin Patch's North American Downsizing a Prudent move
Digging at Pumpkin's Profit
Long vs Short: Pumpkin Patch Ltd
Pumpkin Patch Buyback shows Confidence in the Future
Pumpkin Patch takes a hit
Pumpkin Patch ripe for the picking
What is Jan Cameron up to?
I'm buying
Why did you buy that Stock? [Pumpkin Patch]
Rod Duke's Pumpkin Patch gets bigger
Buyer of large piece of Pumpkin Patch a mystery
Pumpkin Patch a screaming buy
Broker downgrades of PPL lack long term vision
Pumpkin's expansion comes at a cost
Pumpkin Patch vs Burger Fuel
Pumpkin Patch profits flatten
New Zealand Retailers ring up costs not tills

Discuss PPL @ Share Investor Forum
Download PPL Company Reports

Buy Pumpkin Patch Clothing

New From Fishpond.co.nz

Allan Hubbard: Man Out of Time - By Virginia Green




c Share Investor 2011

Share Price Alert: Hallenstein Glasson Holdings Ltd 2

Hallenstein Glasson Holdings Ltd [HLG.NZX] makes a second appearance in this series of posts.

The first inclusion discussed the share price falling due to a profit downgrade in January and included the rider that this fall in share price would go further and to buy on "inevitable weakness."

This came after a peak in share price back in September 2010 that led me to ask if I should sell.

Since September then the stock price has lost almost 1 dollar and since the end of January has lost 50c to close at $3.63 yesterday.

Most retail stocks have suffered over the last month - with the exception of BGR & MHI - and I expect HLG to fall further on negative sentiment related to the economy as a whole and impacts from the Christchurch Earthquake last week.

I will be taking more interest in this stock myself sub 3 bucks.

It is a great company with its crucial value indicators looking more and more attractive as the share price weakens:

Price Earnings Ratio (P/E) 11.06

Earnings per Share (EPS) 32.8c

Net Tangible Assets per share $1.031

Total Net Div Paid (last full financial year) 31c

Gross Div Yield 12.33%


Once again buy on further weakness.


Disc I own HLG, BGR, MHI shares in the Share Investor Portfolio


Share Price Alert

Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd


Hallenstein Glasson @ Share Investor

Share Price Alert: Hallenstein Glasson Holdings Ltd
Hallenstein Glassons Ltd: Should I stay or should I Go?
Mixed Retail Outlook
Long Term View: Hallenstein Glasson Holdings Ltd
The History Of: Hallenstein Glasson Holdings Ltd
Hallenstein Guidance not indicative of wider retail recovery
Stock of the Week: Hallenstein Glasson
Hallenstein Glasson Australian expansion needs expert execution
Why did you buy that stock? [Hallenstein Glasson]

Discuss HLG @ Share Investor Forum

Download HLG Company Reports
Download HLG Company History




Think Bigger: How to Raise Your Expectations and Achieve Everything by Michael Hill 




c Share Investor 2011

Share Price Alert: Fletcher Building Ltd

Give to those affected by the Christchurch Quake here

Fletcher Building Ltd [FBU.NZX] is but one stock listed on the NZX that has benefited from speculation based on probable contracts to reconstruct Christchurch after the massive earthquake there last week that destroyed a great deal of the city and its infrastructure.

Clearly FBU do set to gain from this tragedy and the share price has gained rapidly over the last week since the Tuesday 22 event. The share price pre-quake was $8.28 and at close of trading last Friday finished at $8.63, a gain of around 4% in a market that is otherwise heading south.

The stock has risen by around 13% since the beginning of 2011 on news of a good 2011 full year result.

The only question for investors is that just when the re-construction of Christchurch can begin and of course just when the income for that re-construction appears on company books.

While the current share price is breaking 6 month highs it appears that the market now sees this stock as a relative bargain if the Christchurch factor is entered into the equation.

Proceed with caution if you are interested in this company as initial share price movements could be the market overreacting to the Christchurch quake and subsequent trading could see some selling.


Disc I own FBU shares in the Share Investor Portfolio


Share Price Alert

Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd



Fletcher Building @ Share Investor

Fletcher Building: Crane Takeover Offer Well Timed
Fletcher Building Ltd: 2010 Full Year Profit Analysis
Fletcher Building: All eggs in one basket make for big risk
Long Term View: Fletcher Building Ltd
Hugh Fletcher: Silver spoon no recipe for success
Long VS Short: Fletcher Building Ltd
Fletcher Building's Commercial arm keeps their head above the tunnel
Sweetheart deal for Fletcher Building's Friends
Fletcher House built on hard times
Fletcher Building down tools in the short term
Why did you buy that stock? [Fletcher Building Ltd]
A solid foundation for the future
Fletcher Building raises profit through canny management
Fletcher's got game







c Share Investor 2011