KMD - Kathmandu

[Nitaa]

No different to the sharks flogging off Katmandu!

Totally agree. I also have to say its a bit like the sharks getting a taste of their own medicine. Its quite an interesting scenario and i would be really surpised if the average shareholder does well out of it mid to long term.

discl. Never any intention on taking part of this IPO

[minimoke]

So,why would she send out such an advanced warning of her intentions?

Would it be to put pressure on a certain share price?

Very good questions.

Either way it can't be good for the IPO and forecasts.

The value of KAT is in its brand in a particular segment of the outdoors retail market.

This move has to devalue that brand on several fronts. Jan Cameron has her own "brand" which will attract investors. It appears she is prepared to introduce extra competition into this segment. It seems she is keen on dividing the pie rather than expanding it (going for cheap every day prices rather than KATs 50% off sale strategy).

Her 50% off worked in the times of Macpac and Fairydown with their high price home made products. That strategy may work for as long as no-one has "big barn" pricing - but it looks like this is about to change.

Future sales growth now has to be looked at in a different, more negative light. KATs brand valuation has to be less if it looses its current position in the market. Legal battles on restraint of trade will give Jan Cameron publicity and be a distraction of KATS new management. And I'm waiting for someone to bring Cabelas properly to Australasia.

On the positive side ozzies haven't been burnt by Feltex so won't have that aversion to this type of IPO. Their view of the world will be larger than our parochial view so they may see greater opportunity and they may have more of an appetitie for IPO's than NZ'ers have at the moment.

I won't be stagging this one nor looking at buying in ex IPO.

[BRICKS]

IT appears that COMMSEC has online available shares for BUYING of KAT as long as your
not from USA fill in the forms and pay your money go get them KIWI`s...

[Balance]

So,why would she send out such an advanced warning of her intentions?

Would it be to put pressure on a certain share price?

Jan is just letting the market know her intentions so that investors cannot come back in 2 years' time and blame her for KAT coming under pressure.

They have been warned. She can now proceed with a clear conscience.

[Dr_Who]

So, after plenty of heated, yet constructive discussions, anyone in for the Kath IPO?

[bermuda]

[QUOTE=bermuda;279854]

Avoid it like the plague.

Can't believe they can have an IPO when the opposition has made her intentions clear.

There must be a clever story here.

[Balance]

Myer IPO lists tomorrow - not looking good with many institutions avoiding the IPO.

I am in with KAT and looking forward to the Ozzies getting all hot with it.

[Anna Naum]

As stated in a number of press reports, the brokers need Myer to go well as they have a lot more rubbish to sell. I think Jan is being very kind to NZ investors with her disclosure of new formats/stores, after all if you invest in KAT after what she has said you know she is coming after your money some time soon.

[Balance]

As stated in a number of press reports, the brokers need Myer to go well as they have a lot more rubbish to sell. I think Jan is being very kind to NZ investors with her disclosure of new formats/stores, after all if you invest in KAT after what she has said you know she is coming after your money some time soon.

Disagree. The PE sellers of Myer are laughing all the way to their million dollar homes and resorts.

Promotors and brokers know only too well that investors out there have very short memories and as long as they can spin a yarn, the punters will be in.

That's why we have crashes after crashes.

Who remembers Frucor, Vertex, Feltex, Fortex etc?

[Anna Naum]

Disagree. The PE sellers of Myer are laughing all the way to their million dollar homes and resorts.

Promotors and brokers know only too well that investors out there have very short memories and as long as they can spin a yarn, the punters will be in.

That's why we have crashes after crashes.

Who remembers Frucor, Vertex, Feltex, Fortex etc?

Balance, I do not think Myer will be a good medium term investment and do not like KAT for similar reasons. With Aussie papers suggesting Myer @ $4.10 means PE will walk away with 6x what it invested you can see why they want people to think they are great investments!