KMD - Kathmandu

[winner69]

Why hasn't this started trading again. What's the hold up? Placement should have happened overnight.

Maybe it didn’t go as planned

[Lola]

that's what i'm starting to suspect.

The nzx announcement says trading would resume today. However, the asx announcement gives an extension to 3rd of april. The asx announcement also goes on to say "lead managers are subject to confidentiality obligations". So i assume that they are looking at the books today and this placement isn't "in the bag" and is subject to further due diligence.

Interesting times.

yes . All should be well with the chairmans connections coming to the party?

[sb9]

That's what I'm starting to suspect.

The NZX announcement says trading would resume today. However, the ASX announcement gives an extension to 3rd of April. The ASX announcement also goes on to say "Lead Managers are subject to confidentiality obligations". So I assume that they are looking at the books today and this placement isn't "in the bag" and is subject to further due diligence.

Interesting times.

They just put an announcement re placement being done, should start trading soon.

[blackcap]

I see the sharesies suckers are all lining up to buy at 72 cents. Crazy, they have no clue some of them. I see them on FB thinking the SP will go to TERP as if its some magical formula. Unfortunately a lot are going to get some rude awakenings. There were 382 orders at 72 before someone took a lot out just now.

[Cyclical]

Deleted - old news.

[dr_]

According to Sharesies:

The halt will remain in place until the earlier of:

• An announcement made by Kathmandu Holdings, or
  
• Market open on Friday 3 April 2020

trading resumed. Dropped 41c 36.6%

[winner69]

Seems to have received a good positive response from the instos

[Balance]

trading resumed. Dropped 41c 36.6%

Ex-entitlement so drop is actually only 4%.

[Balance]

Seems to have received a good positive response from the instos

Such a heavily discounted issue - be crazy not to take it up.

Why I am surprised Rod Duke did not take up his entitlement and sell the rights value.

[blackcap]

Seems to have received a good positive response from the instos

Yeah I am quite surprised at that. Maybe they think going forward they will be ok and if going concern issues are assuaged its all hunky dory.