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26-10-2009, 04:26 PM
#101
Originally Posted by Balance
I will eat my shoe if it is sold at that kind of PE.
Will you eat sheep's eyes if it is priced higher than that?
Hey Balance, you gotta chill out sometime or you may have a heart attack before you reach 40. Notice my smilie grin at the end of that post? That usually means the post is abit of a cheek.
Anyway, whats wrong with sheep eyes? I would glade eat them and sheep brains if cooked nicely.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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27-10-2009, 07:18 AM
#102
Originally Posted by Dr_Who
Hey Balance, you gotta chill out sometime or you may have a heart attack before you reach 40. Notice my smilie grin at the end of that post? That usually means the post is abit of a cheek.
Anyway, whats wrong with sheep eyes? I would glade eat them and sheep brains if cooked nicely.
Fair enough, Dr_who.
Meanwhile, more bad news for Kathmandu - in Sydney Morning Herald.
http://www.smh.com.au/business/unhap...1026-hgon.html
Might be able to get it even cheaper in the post-IPO market, you reckon?
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27-10-2009, 08:28 AM
#103
Originally Posted by Balance
Might be able to get it even cheaper in the post-IPO market, you reckon?
You may get your wish.
OUCH!
Jan Cameron to start new clothes venture
"I imagine that if we are offering a similar product at competitive prices, at everyday low prices, around 50 to 60 per cent lower than Kathmandu, I imagine that might be quite attractive," she said. "I really love the product and the industry and I see an opportunity with a different model.''
http://www.stuff.co.nz/business/worl...lothes-venture
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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27-10-2009, 10:54 AM
#104
but if there is a restraint of trade how can she start?
she will be in court before the first store even opens?
“If you're worried about falling off the bike, you’d never get on.”
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27-10-2009, 11:11 AM
#105
Originally Posted by Anna Naum
Looks like Jan has had a change of plan....
Jan Cameron is planning to launch 60 outdoor stores late next year – 30 in New Zealand and 30 in Australia, and she aims to heavily undercut her former company Kathmandu on price.
http://www.stuff.co.nz/business/indu...m-former-owner
Anna,
That statement is the key for me. This IPO is only for the brave.
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27-10-2009, 11:23 AM
#106
Originally Posted by Footsie
but if there is a restraint of trade how can she start?
she will be in court before the first store even opens?
Logically there would always be a restraint of trade clause in the sale of her stake in Katmandu. How is she getting around this? Dont know but it could also be used to screw Katmandu of more cash.
One thing, she is ruthless and she isnt giving away any free lunch. Not someone i would want to to business with imo.
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27-10-2009, 11:37 AM
#107
She cannot be restrained forever....how long ago did she sell out?
The fact she's talking end of next year might give a clue to the duration of any binding restraint
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27-10-2009, 11:46 AM
#108
Originally Posted by Xerof
She cannot be restrained forever....how long ago did she sell out?
The fact she's talking end of next year might give a clue to the duration of any binding restraint
Restrained till May 2011 according to the article. She has a few options:
- Trying to talk down the IPO so she can buty in cheap
- Trying to get an extra payout (as previously mentioned)
- She believes the ROT was too broad and therefore not stand up in court
- She has found a loophole in the ROT - she already owns shares in lots of retail so it must be specific to outdoor? or a % of ownership?
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27-10-2009, 12:04 PM
#109
Originally Posted by Xerof
She cannot be restrained forever....how long ago did she sell out?
The fact she's talking end of next year might give a clue to the duration of any binding restraint
So,why would she send out such an advanced warning of her intentions?
Would it be to put pressure on a certain share price?
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27-10-2009, 12:06 PM
#110
Originally Posted by Nita
One thing, she is ruthless and she isnt giving away any free lunch. Not someone i would want to to business with imo.
No different to the sharks flogging off Katmandu!
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