Forum Archive Index - July 2003

["Chris Morgan" <ica.sports@xtra.co.nz>]

Harry

Its great to see that you are now using the most basic of charting tools
(the price chart) to enhance your performance. It must feel good to come out
of the closet.

Regards

Morgy

----- Original Message ----- 
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, July 08, 2003 8:04 PM
Subject: [sharechat] WHS - What's happening?


>
> Regular readers of this list will know I bought into the WHS for the first
> time during the most recent price plunge.   They will also know that I
> didn't get quite the number of shares I wanted due to that old problem
> of lack of available money.
>
> However, in the ensuing weeks I've been scratching around to get the
> available funds and last week put in an order for the balance of WHS
> shares I was after.   My broker was reluctant.
>
> "I'll be surprised if they will get down to that price" he told me.
>
> I asked him if there was any reason the price slipped below $5, and his
> response was that one of the large (institutional?) shareholders just
> decided to dump a few.
>
> Today my broker got his surprise as the 7c fall in the WHS share price
> triggered my buy order at $4.85.  As of tonight I am sitting on an
> average entry price of $4.39, and an average return over the next ten
> years of 14% compounding based on my average entry price.   Of
> course all this assumes that Australia will come right eventually.
> Perhaps now that Australians are up to their eyeballs in house debt,
> the discount department store format is set to take off there as the
> Aussies start to have to watch their pennies more.
>
> Meanwhile back in NZ, as the hedging at forty something US cents
> comes to an end, the WHS New Zealand operations are poised for a
> quantum leap in profitability.   Given all of this, a projected underlying
> PER of 18 sounds like a fair price, and a compounding return of 12.7%
> (based on WHS at $4.85) sounds fair too.
>
> Is there a better buy on today's market for the long term investor than
> WHS?   Only WRI comes close IMO.   So why is the WHS share price
> falling?   Perhaps I should just be grateful for another opportunity to
> take advantage of that fickle business partner of mine "Mr Market".
>
> The header to this post is a bit misleading, in the sense that short term
> I don't really care what's happening to the WHS share price.   I've
> locked in a good return.   As long as the longer term platform for
> growth is there, I'm quite happy.  However, if anyone else would like to
> post their view on what is happening at the WHS, please feel free to
> do so.
>
> SNOOPY
>
> discl: hold WHS
>
> --
> Message sent by Snoopy
> on Pegasus Mail version 4.02
> ----------------------------------
> "Stay on the upside of the downside,
> Anticipate the anticipation!"
>
>
>
>
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/
>


---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.493 / Virus Database: 292 - Release Date: 25/06/2003


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/