KMD - Kathmandu

[Balance]

How many locals buy at full retail...? Everyone knows to wait for the 40% sales...

Likewise, Briscoes, Noel Leeming, Harvey Norman etc etc

It’s a way of life in NZ.

[Balance]

Yep Balance ...good move getting in first

In a months time punters might be too shell shocked to front up

Keep the powder dry and wait for the inevitable fire-sale of shares via the capital raisings.

[dobby41]

50 Cents they giving it away, surely they could have got away with 70c

I expect that they have already talked to the institutions and that is all they'd pay.

[Balance]

I expect that they have already talked to the institutions and that is all they'd pay.

Fully underwritten with a $30m placement to sweeten the deal for the institutions.

[JeremyALD]

Fully underwritten with a $30m placement to sweeten the deal for the institutions.

Is there a SPP for retail shareholders?

[Balance]

Is there a SPP for retail shareholders?

Better than a SPP - a 1 for 2 pro-rata rights issue for all shareholders.

Unless a shareholder does not have the funds to participate, then there’s no significant dilution for existing holders.

[Cadalac123]

50c for long term hold is ridiculously good value provided they don’t fold which I don’t see them doing. They must be pretty desperate though . Retail in a tough spot right now
Disc not a holder

[Cyclical]

Better than a SPP - a 1 for 2 pro-rata rights issue for all shareholders.

Unless a shareholder does not have the funds to participate, then there’s no significant dilution for existing holders.

So going off the pre-halt price of 112, and all things being equal (not that they will be), would a basic fair value calculation be: (2 x 112 + 50)/3 ?

[macduffy]

Better than a SPP - a 1 for 2 pro-rata rights issue for all shareholders.

Unless a shareholder does not have the funds to participate, then there’s no significant dilution for existing holders.

I think the issue is 1.2 shares for 1, not 1 for 2.

[silverblizzard888]

I think the issue is 1.2 shares for 1, not 1 for 2.

Yes their seems to be some confusion by some posters, it is indeed 1.2 shares for every 1 share held. Massive dilute, be prepared for a bit of a sell off.