Once bitten twice shy as far as I'm concerned. Fancy Kathmandu snow jackets are definitely not a consumer staple :)
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Once bitten twice shy as far as I'm concerned. Fancy Kathmandu snow jackets are definitely not a consumer staple :)
Getting very close to the perfect opportunity for Briscoes to finally fulfil its Kathmandu wishlist.
What is happening to this share price?? I looked seriously looked into investing 3 months ago, just to diversify a little. Glad I have not, but it is starting to look as a buy. Please explain why I should not buy some..........
Seems to be a piece of the jigsaw missing
Further to the recent announcement by the company?
Did they do a cap raise? Big shareholder selling out? Bought something big?
http://nzx-prod-s7fsd7f98s.s3-websit...916/308898.pdf
Ah ...acquiring Rip Curl
That’s a biggie
http://nzx-prod-s7fsd7f98s.s3-websit...920/308903.pdf
Didn’t know Rip Curl was still a thing. Diversifying in to Surf Wear?
Outdoor equipment,footwear,and now surfing gear.
Be interesting to see whether diversification works for them.
Three very different products.
Its not a bad acquisition esepcially for diversifying the company and aiming for a global position for the long term.
The brand itself is a ebstablish but slow growing one, so the acquisition is really about utilising debt and trying to sell Kathmandu products on a global stage using the channels Ripcurl has already established.
Number wise it adds:
$169 million in new equity, $231 million in new debt ($400 million nzd total).
$52 million in ebitda added.
The timeline of Ripcurl is what interests me, showing a truly global reach that Kathmandu wants:
1990 - Expanded its licensee base in theUS, France and Argentina
1997 -Acquired a wetsuitmanufacturing facility inThailand
2000- Established a jointventure with a Brazilianlicensee, acquiring themsoon after
2005 - Acquired full Indonesianoperation from the company’slong term licensees
2011 - Acquired Ozmosis andWaves surf retail chains
2015 - EstablishedJapanese subsidiary
Interesting, at least now they will have something to sell in Summer:)
three great surf brands rip curl , billabong and quicksilver. 2 went bust in the last few yrs ... says it all
https://www.smh.com.au/opinion/what-...10-gjjctb.html