Very funny Percy :)
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This retail expert thinks Kathmandu disappointing NZ
http://www.stuff.co.nz/business/9068...t-where-was-nz
Kathmandu need to do a better job of proof reading their financial statements
What do you think Winner, plenty of rain going about, consumers loading up on Rain Jackets early this year?
I don't know about that but the rain has prompted me to resurrect an old "London Fog" jacket that I bought in Vancouver about 20 years ago and subsequently "retired" as being unfashionable. Suddenly, it's back in fashion! Or maybe, that's not important at my age!
"Another concern for locals and experienced trampers alike was the number of unprepared tourists hitting the track, which can quickly become dangerous in unpredictable weather conditions.
The Herald witnessed trampers on the crossing in sandshoes and skinny jeans with scarves wrapped around their heads because they'd forgotten a hat and sunglasses.
Other more extreme examples of unprepared tourists included a group who had to be rescued from the track after walking it barefoot, channelling Frodo's barefoot journey through Mordor in The Lord of The Rings, or those tackling the crossing in jandals and wearing rubbish bags as ponchos."
This from the Herald on the hordes of tourists descending on the Tongariro Crossing.
Sounds like Kathmandu and/or Macpac should open up a shop at the start of the track! A 1000 hikers a day! Think of all the boots, hats and jackets they could sell!
Hey Huxley - see the HLG thread for comments
Have KMD given any profit guidance for F17? did say sales going OK in May, that's all I can see
Spose an update early August
At least weather going or them this year ...should help
They're the GNE of retail!
When the spot price is high everyone wants to buy their products..
While I like the company, I no longer hold.. I only had 8.5k shares in KMD and sold out a few of month ago and transferred the funds to IFT when they were "cheap" at the beginning of the year.
Primary reason was a wish to get out of retail stocks but I still think they'll do well. Sorry I haven't kept up regarding the guidance, but you know.. it'll all come down to a successful winter sale.. as usual.
Good luck to any holders ;)
Seems to have climbed steadily since you got out of it Huxley..... what shares are you thinking of selling off next? Might have to get some :P
Anyone know why they are climbing right now?
Ta
mum & dad investor
They have steadily improved the business since their big under-performance a few years ago, so why shouldn't their share price be increasing. If anything I'm surprised the shares haven't been trending upwards earlier since they have being showing they are making most parts of the business quite efficient.
Do you think briscoes will make another offer? or just ride the wave with their decent sized holding?
Huxley - IFT seem like a good share these days, but with domestic airlines dropping the amount of flights to WLG, and AKL getting another runway it could be in for some challenges with WLG airport. Still, plenty of cash in hand to make some good investments. I meant to pop into their investor meeting here a few weeks back but neglected to write down the time and missed it. I had their shares for several years and sold them approx two years ago.
I'd say Briscoes will probably just ride the wave, they tried to make a low ball offer earlier on when there was a chance shareholders may have accepted the offer, though now that KMD are in a much better condition it'd be even harder to put in a offer that would not insult current shareholders. Rod Duke is a prudent man and would only do something if there was a large margin of safety, trying to acquire KMD would require a premium and negate any margin of safety they could be acquired at. They have already made a considerable profit with their current holding, though they are probably more likely to sell once KMD are fully valued in the market than put in a offer for a full takeover at this moment.
https://www.nzx.com/companies/KMD/announcements/304968.
Great result, tracking towards the ~$60m EBIT range again - last time this range was reached the share price hit the high $3 range, pushing $4 at times.
Earnings growth for the foreseeable future driven by sales growth and a favorable USD/NZD rate making those COGS cheaper. Did I mention the great dividend yield...?
Keep it up Xavier :t_up:
Mountain Designs finding Kathmandu too good for them in Australia ....just maybe
https://www.smartcompany.com.au/indu...d-competition/