With stock, or with punters, or with both?
Printable View
Both, but I was only at TJ For about 45'
I think also have to look at the growth of Torpedo7. I get an email from them every day and here is an example from todays email -
http://www.torpedo7.co.nz/division/o...mpaign=tuesday
You can get all different brands. Grown sales 13% in the last quarter - OK less than half the size of T7, but quite aggressive.
Maybe Bob was saying that Torpedo 7 is taking business off Kathmandu
you know, now that i think about it.. i think thats what he was saying.. absolutely no reason why the SP jumped almost 5% today.. international investors unloaded almost a million worth this morning. at 1.44... i think around 1.40 is about right until we get some better announcements about sales/profits. Sell now while you can !!
Perhaps, but there's a reason why the gap is so wide between buyers and sellers (5cents) as off now.. maybe because only a few buyers seeing some opportunity (only $45,000 worth to be exact) pushing SP up by 5%.. i call that irrationality .. nothing fundamentally changed about the company since yesterday
Alluding to that there is more competition coming from T7, that they are growing strongly - and that have a choice of brands/quality, including their own much of which is reminiscence of Kathmandu.
When KMD does $68m in sales in 6 months in NZ to January 2016. T7 did $34m in turnover in their last quarter. T7 sell a lot more things like bikes etc, but only have 10 stores, vs 40+ for Kathmandu.
That's a little unfair... T7 have a much stronger online presence, and always have. I have not seen the T7 figures... have they increased profit much from the year before? I heard demand had been weaker than expected in previous years.
Exponential growth actually for T7 Revenue
Attachment 8065
After taking more than 30k+ in losses on KMD alone i concluded its a dud and the best thing i did was move that money into SCL and thank god has recouped most my losses there, too bad sold early though but overall portfolio still performing good.. if it wasn't for KMD the performance would've been through the roof
Just saw a parcel of $100,000 in off-market transaction offloaded 10mins ago just before dividend payment so that tells me its time to leave the ship.
Disc. abandoned ship myself today - not holding