KMD - Kathmandu

[drcjp]

WTF on the KMD pricing by NZX? Second time on two weeks their closing value is nowhere near what it is. Today says 1.59 but actual is 1.55 (even after reconciliation). Tomorrow will be lower no doubt. Did the same two weeks ago 1.58 when was 1.53. Weird.

[Snow Leopard]

A lot of trade (260,797) at $1.59 at the close - the price is right.

Best Wishes
Paper Tiger

[winner69]

Fiasco over the CEO incentive Chairman Kirk quoted as saying "We don't want to throw out the whole scheme; the scheme works well," Kirk said."We just didn't twig, so now we realise we need to adjust those [targets]."

http://www.nzherald.co.nz/business/n...ectid=11546309

Now come on David, you not that dumb.

[iceman]

The Shareholders Association not impressed :
"The New Zealand Shareholders Association has given Kathmandu chairman and former All Black captain, David Kirk, a "yellow card" over the company's long-term incentive scheme for its new chief executive, Xavier Simonet."

[dobby41]

The We just didn't twig comment makes you wonder if they are actually looking at what they are doing.
Doesn't make you feel confident.

[macduffy]

The We just didn't twig comment makes you wonder if they are actually looking at what they are doing.
Doesn't make you feel confident.

It seems that CEO's write their own tickets these days - but boards should at least earn their fees by being ticket inspectors.

[winner69]

The We just didn't twig comment makes you wonder if they are actually looking at what they are doing.
Doesn't make you feel confident.

Rod Duke said on radio this morning the original scheme was presented to th board remuneration committee who signed it off ad then the full board signed it off ....without even doing the 'mathematics' (big word for Rod) to see if it made sense

And he pointed out that the two directors on the remuneration committee are standing for re-election today

Hope Rod lamb blasts them big time

[winner69]

It seems that CEO's write their own tickets these days - but boards should at least earn their fees by being ticket inspectors.

Apparently even under the new scheme KMD only has to make $37m for the CEO to get the full bonus

Heck in FY14 NPAT was $44m

Big joke eh - yes macduffy its all about feathering your own nest as they say

[dobby41]

Seems the directors are asleep at the wheel still.
Or mathematically challenged.

[winner69]

AGM preso - quick look through and hey who put that together went to Harvard

https://www.nzx.com/files/attachments/225217.pdf

I don't think it possible to cram any more buzz words into a presentation - most impressive

With all the optimising, rationalising, refining, reviewing, driving, converting, maximising, focusing, reinforcing, enhancing, leveraging, inspiring, enhancing, penetrating, omni-channeling, targeting, etc etc going on Xavier's bonus is a certainty I reckon. Can't go wrong with all that strategising

Hope he not over extending himself - bought a few (only a few for a laugh) just to keep in touch with progress. After all it is going to be in the top 25% of performers over the next few years (TSR that is)

Note: Bit puzzled about fatigue/dependency though. Must do some homework