Q1 same store sales growth (at a time when fuel prices were very high) was very impressive for Kathmandu and the positive commentary from their annual meeting in late November was in stark contrast to that forthcoming from HLG. HLG has a known major holder wanting to sell down too.
KMD my pick in the retail sector for 2019.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Drones
Smart clothes
Augmented Reality glasses
Brain machine interfaces
Bionic eyes
Autonomous vehicles
Nano Bots
Virtual personal Assistants
Virtual reality experiences
3D printing
Home robots
Enterprise robots
Thanks gf lots of interesting (slightly chilling ) reading there.David bowie was prescient in Space Oddity .We really could be living in tin cans in the future, bodies not required.
"IBM discovered a way to store one bit of digital information in a single atom, a density that would allow the storage of Apples entire 26 million song catalogue on a device the size of a coin"
1st Communication
2nd Computation
now Digital fabrication (Fab Labs) "The third digital revolution completes the first two revolutions by bringing the programmability of the virtual world of bits into the physical world of atoms. Since that physical world is out here where we live, the implica- tions of the third digital revolution may be even greater than those of its predecessors. This revolution is built on the same fundamental science of digital, only now it enables both bits and atoms to be exponentially ma- nipulated. Just as communications and computation went from analog to digital, resulting in personal computers, mobile phones, and the Internet, the digitization of fabrication offers the promise of personal fabrication, enabling individuals and communities to produce and share products on demand, wherever and whenever something is needed"
Unfortunately McCrae did not reach 90% so deal's off.
If he reached 90%, he would have been required to make a compulsory offer the rest of the shares and anyone with 1% absolute of the remaining shares could have required him to undertake a binding independent valuation.
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