3Semana
FYI; just sold 33% of my Ahold stocks.
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3Semana
@PicturePerfect I'm curious why?
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11
•3Semana
@BarryFennis well... oke then;
- return of 20% since buy in.
- low dividend yield
- close to the ATH (all time high), will not surpass it.
- might be buying in after the dividend
- here in The Netherlands I see a drop in commitment to work and efficiency, a few cost related problems. Besides: stores vary from dirty, to clean and all the way to heaven. If this company cannot manage unity in one city, how can it thrive world wide?
- The acquisition of the Romanian storechain is not finished after a year. Last week it is put on hold due to some questions from their government.
- The new strategy of this company will be growth by acquisition. Which will be tough in the current overvaluated market. Aswell as getting customers to buy their own brand products instead of the branded brands.
- Not to forget; in this new strategy they are again investing in stores in the US. Opening Stop&Shops after closing a few lately.
- The not selling of tabacco anymore. Which means less profit, since smokers will not walk into the store to get it. Also not walking away with that extra soda or any fast purchases.
- Thievery rate is going up and up.
- return of 20% since buy in.
- low dividend yield
- close to the ATH (all time high), will not surpass it.
- might be buying in after the dividend
- here in The Netherlands I see a drop in commitment to work and efficiency, a few cost related problems. Besides: stores vary from dirty, to clean and all the way to heaven. If this company cannot manage unity in one city, how can it thrive world wide?
- The acquisition of the Romanian storechain is not finished after a year. Last week it is put on hold due to some questions from their government.
- The new strategy of this company will be growth by acquisition. Which will be tough in the current overvaluated market. Aswell as getting customers to buy their own brand products instead of the branded brands.
- Not to forget; in this new strategy they are again investing in stores in the US. Opening Stop&Shops after closing a few lately.
- The not selling of tabacco anymore. Which means less profit, since smokers will not walk into the store to get it. Also not walking away with that extra soda or any fast purchases.
- Thievery rate is going up and up.
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11
•3Semana
@BarryFennis had to type a bit 😅😂
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3Semana
@PicturePerfect I doubt some of your arguments. Like close to ATH and not getting past it is nonsense.. They have a big share buyback program of 1B a year and a higher EPS every year. From my experience (because I work for one of their brands, in this case Albert Heijn) the productivity and efficiency is getting better. Look at the self scan checkouts and the manned cash registers that disappear completely. And not to forget the distribution centers and warehouses are automatizing by robotics. The stopping of some of the stop&shops because of the lower return in those specific stores doesn't mean other stores can't be opened because in these locations they can get the return they want?
The tobacco wasn't a cash machine, it was a service product with a very low and almost minimum margin. The competitors also can't sell tobacco anymore so there is no value for the customer to go to another store or a competitor because they simply can't get tobacco in a supermarket.
Thievery is a problem which is calculated in the price of products. To compare with competitors again there isn't a higher thievery at Ahold than other companies.
The tobacco wasn't a cash machine, it was a service product with a very low and almost minimum margin. The competitors also can't sell tobacco anymore so there is no value for the customer to go to another store or a competitor because they simply can't get tobacco in a supermarket.
Thievery is a problem which is calculated in the price of products. To compare with competitors again there isn't a higher thievery at Ahold than other companies.
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3Semana
@PicturePerfect Selling because you have a 20% return and you think $AD has a low dividend yield with 3,7% is your personal opinion and decision. Some people think 3,7% dividend yield is a lot but that is based on your portfolio strategy.
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11
•2Semana
@BarryFennis dividend yield is not low, but could be higher. My return is perfect hence swapping only 111 shares for some other better performing shares.
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2Semana
@BarryFennis Barry,
Working at AH since 2015 and I understand your bias. But Ahold is a bit bigger than AH which you point out yourself. For several years the share price has fluctuated between €27 and €31. I read all published figures, shareholder meeting and what I see myself.
EPS is expressed in earnings per outstanding shares. With share buyback it will automatically increase. The share buyback program has been in place for several years and increases EPS this way.
You can also get your drink at a gas station if you buy your cigarette butts there. You then get your impulse purchase of gum etc there. I even see at cigar stores that they now sell drinks. Along the way you get a sandwich at the butcher or some other refreshment. The bottom line is that there is less traffic to your physical stores. And thus turn less revenue with the same costs. Now there may have been savings in personnel costs at the checkout, but whether this is proportional to the loss in sales doesn't seem to me 😂.
You are indeed correct that the loss of sales due to theft is passed on to the customer. This can continue to a certain extent, because this also has effects. People will steal extra because it is so expensive OR they can get fewer products for the same money.
Thus, you have experienced yourself how quickly the supply chain can get disrupted, due to war or software errors.
Working at AH since 2015 and I understand your bias. But Ahold is a bit bigger than AH which you point out yourself. For several years the share price has fluctuated between €27 and €31. I read all published figures, shareholder meeting and what I see myself.
EPS is expressed in earnings per outstanding shares. With share buyback it will automatically increase. The share buyback program has been in place for several years and increases EPS this way.
You can also get your drink at a gas station if you buy your cigarette butts there. You then get your impulse purchase of gum etc there. I even see at cigar stores that they now sell drinks. Along the way you get a sandwich at the butcher or some other refreshment. The bottom line is that there is less traffic to your physical stores. And thus turn less revenue with the same costs. Now there may have been savings in personnel costs at the checkout, but whether this is proportional to the loss in sales doesn't seem to me 😂.
You are indeed correct that the loss of sales due to theft is passed on to the customer. This can continue to a certain extent, because this also has effects. People will steal extra because it is so expensive OR they can get fewer products for the same money.
Thus, you have experienced yourself how quickly the supply chain can get disrupted, due to war or software errors.
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2Semana
@PicturePerfect Ahold is indeed bigger than just Albert Heijn where only 18% of all sales for the group come from. To then question tobacco where there is already no margin and not look at the U.S. side and speculate that getting a drink at a gas station does the difference for the Ahold group is too far fetched in my opinion. I understand your concern and they are relevant issues for Ahold, but not everything necessarily has to be a problem and can't hurt anything in the long run. I don't necessarily have a Bias for Ahold because I work there, but when I look in reports of for example the Jumbo or Plus (since you are Dutch) those numbers are a lot worse than Albert Heijn. Then to talk about the American figures, they are challenging in terms of margins, but as I tried to say they are taking actions there by closing several stop&shops in locations where they are not having the desired results. In my opinion, not a bad sign since they only keep the good stores and reopen new ones where they think they can get more. And then comparing Ahold to a Walmart, Kroger or Target Ahold is in my opinion just much better valued for the earnings they are turning.
Looking at your portfolio I still see Ahold in it for much of your portfolio. So is there a reason you haven't sold everything and possibly still see opportunities?
Looking at your portfolio I still see Ahold in it for much of your portfolio. So is there a reason you haven't sold everything and possibly still see opportunities?
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2Semana
@PicturePerfect I also have a small position in $CA Also with them I think they are undervalued for how they are doing, again compared to other retailers.
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2Semana
@BarryFennis I will hold these 222 for a while. It remains a nice little dividend and a great company it does hold steady.
It's just a matter of seeing how it runs.
I will keep an eye on carrefour for a while. Already see an even higher payout ratio and dividend percentage. Just diving into the figures.
It's just a matter of seeing how it runs.
I will keep an eye on carrefour for a while. Already see an even higher payout ratio and dividend percentage. Just diving into the figures.
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