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Thread: Kathmandu IPO

  1. #1261
    ShareTrader Legend Beagle's Avatar
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    Once bitten twice shy as far as I'm concerned. Fancy Kathmandu snow jackets are definitely not a consumer staple
    No butts, hold no mutts, (unless they're the furry variety).

  2. #1262
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    Getting very close to the perfect opportunity for Briscoes to finally fulfil its Kathmandu wishlist.

  3. #1263
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    Quote Originally Posted by noodles View Post
    The NZSA is hosting CEO Xavier Simonet in Auckland tomorrow night. Details here:
    https://www.sharetrader.co.nz/showth...l=1#post752924
    Did Xavier not convince attendees KMD a great investment ....share been weak since
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  4. #1264
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    What is happening to this share price?? I looked seriously looked into investing 3 months ago, just to diversify a little. Glad I have not, but it is starting to look as a buy. Please explain why I should not buy some..........

  5. #1265
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    Quote Originally Posted by Ggcc View Post
    What is happening to this share price?? I looked seriously looked into investing 3 months ago, just to diversify a little. Glad I have not, but it is starting to look as a buy. Please explain why I should not buy some..........
    Too late it was best to invest the day before yesterday

  6. #1266
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    Seems to be a piece of the jigsaw missing

    Further to the recent announcement by the company?

    Did they do a cap raise? Big shareholder selling out? Bought something big?

    http://nzx-prod-s7fsd7f98s.s3-websit...916/308898.pdf
    Last edited by winner69; 01-10-2019 at 08:00 AM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  7. #1267
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    Ah ...acquiring Rip Curl

    That’s a biggie

    http://nzx-prod-s7fsd7f98s.s3-websit...920/308903.pdf
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  8. #1268
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    Quote Originally Posted by winner69 View Post
    Ah ...acquiring Rip Curl

    That’s a biggie

    http://nzx-prod-s7fsd7f98s.s3-websit...920/308903.pdf
    That is bigly... thoughts people?

  9. #1269
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    Didn’t know Rip Curl was still a thing. Diversifying in to Surf Wear?

  10. #1270
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    Outdoor equipment,footwear,and now surfing gear.
    Be interesting to see whether diversification works for them.
    Three very different products.

  11. #1271
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    Its not a bad acquisition esepcially for diversifying the company and aiming for a global position for the long term.
    The brand itself is a ebstablish but slow growing one, so the acquisition is really about utilising debt and trying to sell Kathmandu products on a global stage using the channels Ripcurl has already established.

    Number wise it adds:
    $169 million in new equity, $231 million in new debt ($400 million nzd total).
    $52 million in ebitda added.

    The timeline of Ripcurl is what interests me, showing a truly global reach that Kathmandu wants:
    1990 - Expanded its licensee base in theUS, France and Argentina
    1997 -Acquired a wetsuitmanufacturing facility inThailand
    2000- Established a jointventure with a Brazilianlicensee, acquiring themsoon after
    2005 - Acquired full Indonesianoperation from the company’slong term licensees
    2011 - Acquired Ozmosis andWaves surf retail chains
    2015 - EstablishedJapanese subsidiary
    Last edited by silverblizzard888; 01-10-2019 at 08:37 AM.

  12. #1272
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    Interesting, at least now they will have something to sell in Summer

  13. #1273
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    Quote Originally Posted by silverblizzard888 View Post
    Its not a bad acquisition esepcially for diversifying the company and aiming for a global position for the long term.
    The brand itself is a ebstablish but slow growing one, so the acquisition is really about utilising debt and trying to sell Kathmandu products on a global stage using the channels Ripcurl has already established.

    Number wise it adds:
    $169 million in new equity, $231 million in new debt ($400 million nzd total).
    $52 million in ebitda added.

    The timeline of Ripcurl is what interests me, showing a truly global reach that Kathmandu wants:
    1990 - Expanded its licensee base in theUS, France and Argentina
    1997 -Acquired a wetsuitmanufacturing facility inThailand
    2000- Established a jointventure with a Brazilianlicensee, acquiring themsoon after
    2005 - Acquired full Indonesianoperation from the company’slong term licensees
    2011 - Acquired Ozmosis andWaves surf retail chains
    2015 - EstablishedJapanese subsidiary
    Good post. Wider distribution of Kathmandu and Oboz products appears to be where the real juice is with this deal but that's a lot of debt they're taking on.
    No butts, hold no mutts, (unless they're the furry variety).

  14. #1274
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    three great surf brands rip curl , billabong and quicksilver. 2 went bust in the last few yrs ... says it all

    https://www.smh.com.au/opinion/what-...10-gjjctb.html
    bull

  15. #1275
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    No butts, hold no mutts, (unless they're the furry variety).

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