KMD - Kathmandu

[Penfold]

I would put money on it that this will be down 10% within a month or two... they are putting it on the market at approx the same PE ratio as Billabong.

Which would you rather buy: world renowned surf brand or dodgy cheap outdoor gear manufacturer that has to heavily discount to sell?

Leave this dog I reckon...

Disc: Holding BBG

[J R Ewing]

I would put money on it that this will be down 10% within a month or two... they are putting it on the market at approx the same PE ratio as Billabong.

Which would you rather buy: world renowned surf brand or dodgy cheap outdoor gear manufacturer that has to heavily discount to sell?

Leave this dog I reckon...

Disc: Holding BBG

I don't see anything cheap about this company - neither the stock nor the shares!

[Balance]

Help the PE players make A$125m?

No thanks.

[Lion]

Remember Feltex

[ratkin]

Garbage .

Wouldnt touch them with yours

[bull....]

Brought some socks once cost $25 for the pair they looked smart and felt comfortable and had the Kathmandu logo on them.
After a couple of months the bottoms had worn holes in them and they had to be binned huge disappointment.
My other socks from the warehouse black and plain cost about $5 easily lasted 3 times as long given the same amount of wear time.
I dont know what there other products are like but the experience and cost put me off going back.

[macduffy]

With memories of the Feltex debacle still fresh, investors are entitled to be sceptical about IPO's promoted by private equity firms. Personally, I don't think that Kath is anything like the dog that some posters believe but I agree that it's being sold at a price(range) that appears rather expensive, even when allowance is made for the recent depressed retail conditions and expectations that these are improving.

As S Bartholomeusz has pointed out, a lot will depend on how well the Myer IPO floats, not so much because its another retailer as the differences are obviously great, but for what it indicates as to the "tone" of the market for new issues.

I won't be investing, although until my broker does his sums I'm not sure I'd get the chance! There are too many better opportunities out there and other calls for funds such as CPB's rights issue to which I will cheerfully subscribe shortly.

Will watch with interest.

[Balance]

Article on Myer IPO - direct bearing on Kathmandu as both are being sold down by private equity owners.

http://thebull.com.au/articles_detail.php?id=6731

Overhyped, over-priced and designed to make the most money for the owners.

Crumbs left for investors.

They take the cream and the milk, you take the water left.

[Dr_Who]

Here's a test for you guys.

Is Jane Cameron buying any shares in this IPO?

[macduffy]

Here's a test for you guys.

Is Jane Cameron buying any shares in this IPO?

No idea, doc, but does it really matter?
Jan Cameron is long gone from Kath and I can't see her wanting to buy back, in what could only be a small, non-controlling way.