I see will run as separate entities. Was wondering what they would do as Kathmandu and Rip Curl are incompatible in terms of branding.
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I assume Briscoes will participate in cap raise
Who would ever of thought of Rod / Briscoes owning about 20% of a surfing gear company ...even though some attachment to Rebel Sport
But Rod is an Aussie after all so might have some affinity
The strong initial enthusiasm this morning for Kathmandu’s big bet seems to be waning a bit after lunch
About $1.2m for Xavier
Suppose deserves every penny of it
http://nzx-prod-s7fsd7f98s.s3-websit...066/314074.pdf
I know - the sky is falling in and all these things, but still nice to do some routine tasks. One can't just buy BBOZ all the day, can you? In my quest to assess the quality of analyst forecasts I look today into KMD.
In February 2019 the KMD share price peaked at $2.54. At that stage the combined mental power of 3 share market analysts forecasted that over the 12 months to February 2020 the KMD shareprice will rise to $2.99 (consensus), i.e. they predicted a 18% share price appreciation.
KMD actually did rise up to $3.60 (I know, February seems now to be so long ago :) ), i.e. it's share price did rise by 42% instead of by the predicted 18%. According to the rules this is a FAIL (of the forecast :) ).
Looking into the consensus buy recommendation - it was in February 2019 a straight "OUTPERFORM"(7.5/10) - i.e. analysts said that the share will outperform the NZX. NZX went up by 21% and KMD went up by 42%, i.e. the analysts have been right in this regard, this is a clear "PASS"
I am doing this exercise as well with other NZX listed stocks - the overview is here:
https://www.sharetrader.co.nz/showth...arket-analysts
15 stocks checked so far (checking for each consensus and buy recommendation);
Consensus shareprice forecasts correct: 2/15; analyst hitrate: 13.3%
Consensus recommendation vs NZX50 correct: 5/15; analyst hitrate: 33.3%
The more I see the shareprice get hammered and the P/E contracting the mote I’m expecting Rod Duke to swoop in with a great takeover
"There has been a recent significant reduction in footfall in Australian and New Zealand stores."
Footfall? This is the type of thing that really annoys me. Foot traffic used to be bad enough. I want to be known as a customer-not just a pair of feet-clumping about the shop.
Last week when I visited a Kathmandu store I must admit there wasn't much footfalling going on.....
It was a Monday though.
Some good bargains too.
I also hate being a punter or a bum on seat (as opposed to a bum on a seat...…).
Kathmandu cutting costs. Smiths City in trading halt and in talks with ASB.
As expected, retail feeling the pains.
https://www.stuff.co.nz/business/industries/120630538/retailer-smiths-city-in-trading-halt-in-talks-with-asb
Considering their product portfolio (aligned with travel & adventure) IMHO Kathmandu is in a poorer position than other retail to dig themselves back out of this.