And back down well below IPO price.
Profit downgrade.
Hope those who got in at the IPO have got out.
Hard work, the retail sector.
Printable View
Another great Tui billboard for KMD and yet another great magic show escape specialist, private equity.
http://www.stuff.co.nz/business/indu...orecast-profit
I was busy earlier and when I read the first paragraph 'Sales from all stores exceeded the forecast sales
per the prospectus issued by Kathmandu at the time of its IPO last October by NZ$5.5 million. i assumed great thats good ....... but obviously not as it transpired
Didn't make margin forecast?
What is the point of forums if you can't say "I told you so" occasionally.... :p
....mmmm...touche.....Lizard......
I could never see what the attraction was here. You've had two players, being Cameron and private equity squeeze all the value they think they can extract from KMD in the last 5 years. On top of that you have a retail environment which is soft plus increased competition in this leisure/outdoor market.
Not too mention that i think everyone has got their head around this "sale" business and that the retail price in KMD is a joke. THe sale price is the retail price and if you are dumb enough to buy there outside of the sales then you deserve whats coming.
Well its SALE day on the NZX. A million shares sold at $1.76, which is a good discount of the RRP of $2.50. Better be quick, these shares are racing out the door. Store is open till 5.00pm tonight so get in quick for a bargain at never to be repeated prices - until the next sale that is.