Forum Archive Index - March 2000

["Mark Hubbard" <mhubbard@es.co.nz>]

----- Original Message -----
From: frank <frank.fernandez@xtra.co.nz>
.
> >From all accounts Mark, this promises to be an extremely good one for
> The Warehouse with probable news of increased sales of about $600
> million for the period, $86.1 million above that for the corresponding
> period for the previous year or a 16.7% increase.  For the first time
> too in any 12-month period, The Warehouse is understood to have rung up
> more than $1 billion of sales in the 12 months to 31 January 2000.
> Another possible anouncement tomorrow is The Warehouse's launch of its
> joint banking venture with the ANZ in which services will be marketed
> under the name "The Warehouse Bank."  A similar partnership in Australia
> between Woolworths and the Commonwealth Bank of Australia has already
> threatened to shake up banking services across the Tasman.  And in
> Britain, major retailers have also made an impact through banking
> partnerships which has seen them offering mortgage, insurance and credit
> card services.
> The Warehouse may also well choose tomorrow to give an update on its
> major push into online stationery sales - a move that sees it competing
> head-to-head with Eric Watson's Blue Star Group. All in all, another
> blue chip stock that will attract lots of investor (particularly
> institutional)attention tomorrow.
> So there we are Mark! Hope the above information will be of some help in
> your investment deliberations - and help you finish the week off on a
> profitable note.


Thanks for that Frank. I'm certainly hoping for a better day tomorrow, as
all up I've had a torrid time on the NZSE since Christmas. The biggest stock
weighing myself down at the moment is Nufarm - althought I note a 4%
increase for this stock on the ASX today - good company, so maybe I'll pick
up some more.

Thank god for overseas markets however. I see the Korean market is over 8%
today, so my Fleming Asian UK Investment Trust should spike a bit tonight -
always something to look forward to!

Finally, I am actually seriously considering treating the ASX as part of my
'domestic' equity market - and therefore doing the majority of my 'local'
share investments there - so any recommendations on ASX for the long term
value investor?

Sorry this is a bit disjointed, but I don't have a lot of time at the
moment.


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.