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Thread: KMD - Kathmandu

  1. #1231
    Speedy Az winner69's Avatar
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    Interesting that Kathmandu, Briscoe and Hallenstein Glassons always go on about challenging market conditions

    Over the last 4 years core retail sales (excludes vehicle related spend) have grown at just under 5% pa (Stats NZ)

    Wonder what word they’ll come up if things get really ‘challenging’
    Last edited by winner69; 05-01-2019 at 03:56 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #1232
    Veteran novice
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    It's just a word, winner. Not fashionable to use words like "problematic", "difficult" or "disastrous" any more.


  3. #1233
    ShareTrader Legend Beagle's Avatar
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    http://www.sharechat.co.nz/article/3...-christmashtml

    Paymark data is not adjusted for inflation so in inflation adjusted terms sales for the Christmas period are probably down, (depending upon the inflation rate for calendar year 2018). Doubt its just KMD shareholders that will end up being disappointed with this...
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  4. #1234
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    http://www.sharechat.co.nz/article/3...-christmashtml

    Paymark data is not adjusted for inflation so in inflation adjusted terms sales for the Christmas period are probably down, (depending upon the inflation rate for calendar year 2018). Doubt its just KMD shareholders that will end up being disappointed with this...

    Auckland's stuffed eh ...going to bring the country down

    Even Barfoot and Thompson today admitted Auckland house prices are in decline
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #1235
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    Beagle, being an accountant, can you explain to me why Auckland & Northland have 75% of electronic transactions but only 1/3 of sales ?? Is because you buy much cheaper Christmas presents and lots of lattes during shopping, or are we the good folk of Shane Jones' regions still using lots of cheques & cash (but they probably wouldn't show up in Paymarks numbers) ???
    Last edited by iceman; 07-01-2019 at 10:25 AM.

  6. #1236
    ShareTrader Legend Beagle's Avatar
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    LOL Iceman...have another read mate. I believe the 75% reference is a reference to the fact that Paymark process 75% of the countries electronic transactions and nothing to do with Aucklanders propensity to sip latte's
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  7. #1237
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Auckland's stuffed eh ...going to bring the country down

    Even Barfoot and Thompson today admitted Auckland house prices are in decline
    Tough times mate. I wonder how Aucklanders will feel not being able to tap into their house ATM money making machine any more ?
    I think the fancy boat dealers and luxury car retailers will be struggling !
    Last edited by Beagle; 07-01-2019 at 10:35 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  8. #1238
    Membaa
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    The sky is not falling. https://www.nzherald.co.nz/business/...ectid=12186577

    Quote Originally Posted by winner69 View Post
    Auckland's stuffed eh ...going to bring the country down

    Even Barfoot and Thompson today admitted Auckland house prices are in decline
    Quote Originally Posted by Beagle View Post
    Tough times mate. I wonder how Aucklanders will feel not being able to tap into their house ATM money making machine any more ?
    I think the fancy boat dealers and luxury car retailers will be struggling !
    You guys should use the winky face, unless you actually seriously believe what you both said.

  9. #1239
    ShareTrader Legend Beagle's Avatar
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    Sad fact is Baa Baa that a lot of Aucklanders have got used to making more money from their houses than from their jobs and quite a number of them have been drawing down on this increase by extending their mortgages and / or lengthy interest only periods on same. A lot of well healed people have seen their investments take a serious hit over the last few months too. That combined makes the likelihood of acquiring a discretionary high value consumer item at the moment far less likely than it would have been a year or two ago. No winky face because its the truth !
    Last edited by Beagle; 07-01-2019 at 01:31 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  10. #1240
    Speedy Az winner69's Avatar
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    Auckland started outperforming the rest of the country on the downside in the September quarter according to ASB

    Signs December quarter worse ....and maybe even heading into recession sometime in 2019

    https://www.asb.co.nz/content/dam/as...rd-Q3-2018.pdf
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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