I doubt Rod would be eying any listed Retail acquisitions after his experience with KMD.
He’s more likely go for small/medium ones which are more aligned to their core business.
so rod is currently in discussion for two potential take over offers for other retail businesses. Now while I am happy about this I’m also feeling pretty salty this wasn’t disclosed to the market and if it wasn’t for that post and figuring out the horrible UI of the pressreader site I never would have been any the wiser.
two potential retail takeover targets though hmmm...
neither of them to compete with briscoes or rebel, wonder what they could be?
good post, sb9 I agree I do not think they will be nzx listed and believe more likely to be small to mid size
Last edited by Mr Slothbear; 19-12-2020 at 05:22 PM.
so rod is currently in discussion for two potential take over offers for other retail businesses. Now while I am happy about this I’m also feeling pretty salty this wasn’t disclosed to the market and if it wasn’t for that post and figuring out the horrible UI of the pressreader site I never would have been any the wiser.
two potential retail takeover targets though hmmm...
neither of them to compete with briscoes or rebel, wonder what they could be?
Probably not material ...just small bolt on outfits
Been interested in home decorating in the past ...might still be keen....one possible outfit looks a bit like some of his stores
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
both those would fit well I think but I would have thought both to be of a size that would be material.
likewise could also see something like mountain warehouse fitting well with a possible future divestment of KMD later down the line.
even though it wouldn’t really fit neatly, PB tech is one retailer I would absolutely love to own. They’re the only retailer I’ve seen do bigger better sales than Briscoes and one of the few shops I actually love visiting. They’ve been growing fast, just opened the new store in Christchurch.
NZX listed company wouldn’t surprise me. A cash + share offer, where Rod maintains over 50% control. This would increase liquidity and get it into the NZX50. Australian companies are also certainly possible. I don’t see KMD being an option after the Ripcurl purchase.
both those would fit well I think but I would have thought both to be of a size that would be material.
likewise could also see something like mountain warehouse fitting well with a possible future divestment of KMD later down the line.
even though it wouldn’t really fit neatly, PB tech is one retailer I would absolutely love to own. They’re the only retailer I’ve seen do bigger better sales than Briscoes and one of the few shops I actually love visiting. They’ve been growing fast, just opened the new store in Christchurch.
PB Tech would be a great buy. Another option might be Millers? Or maybe one of the garden centre chains?
Originally Posted by kiora
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