WOW — first half profits up by more than 20% on last year
http://nzx-prod-s7fsd7f98s.s3-websit...373/273437.pdf
Bit of a worry that NZ same store sales down 6.4% though — but profit from higher margins is what matters
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WOW — first half profits up by more than 20% on last year
http://nzx-prod-s7fsd7f98s.s3-websit...373/273437.pdf
Bit of a worry that NZ same store sales down 6.4% though — but profit from higher margins is what matters
They say profit will be ‘not less than $12m’
I reckon ‘will be more than $12m’ sounds a lot better
But then they already know it’s $12.1m and ‘will be about $12m’ isn’t that positive eh
Rod still interested
Would have been better off accepting his ofer last time ....but no doubt Kathmandu shareholders have even more elevated elevated (unrealistic) this time around ....might turn Rod off though
https://www.stuff.co.nz/business/102...-buy-kathmandu
Good on Kathmandu forking out $100m odd on buying an US shoe company ...OBOZ
Chance for you guys to get some more cheap shares in the SPP
https://quoteapi.com/resources/da986...WvtmcMRPXOko0Y
Russell Goward's Westmex was even more fun.! About a 100 shoe shops [or more] in the UK.
ChCh was the home to about four or five shoe manufacturers in the early 1960s including Duckworth Turner and M O'Brien.
In fact M O'Brien was about my first mistake on the sharemarket in 1967/68.!
"Gilmore" used to write excellent business articles in "The Bulletin",and ran a spec portfolio for readers.Often he wrote about his misfortunes of running a shoe business.
Lately Hellaby Holdings ran a very successful investment company,except for their exposure to shoes, through Hannahs and No.1 shoes.
As for a clothing retailer going into manufacture of footwear,I see it will end badly for shareholders.
Also 45% of OBOZ sales are to one customer ...with no contract in place either.