KMD - Kathmandu

**winner69** · 20-03-2018, 12:31 PM

Good on Kathmandu forking out $100m odd on buying an US shoe company ...OBOZ

Chance for you guys to get some more cheap shares in the SPP

https://quoteapi.com/resources/da986...WvtmcMRPXOko0Y

**percy** · 20-03-2018, 12:37 PM

Originally Posted by winner69

Good on Kathmandu forking out $100m odd on buying an US shoe company ...OBOZ

Chance for you guys to get some more cheap shares in the SPP

https://quoteapi.com/resources/da986...WvtmcMRPXOko0Y

Sheer madness.
Shoes have ruined many an investor.

**winner69** · 20-03-2018, 12:44 PM

Originally Posted by percy

Sheer madness.
Shoes have ruined many an investor.

Michael Hill was classic eh

**winner69** · 20-03-2018, 12:45 PM

Originally Posted by percy

Sheer madness.
Shoes have ruined many an investor.

Acquisition not cheap as either ....but big is beautiful .....as is global expansion

**percy** · 20-03-2018, 01:06 PM

Originally Posted by winner69

Michael Hill was classic eh

Russell Goward's Westmex was even more fun.! About a 100 shoe shops [or more] in the UK.

ChCh was the home to about four or five shoe manufacturers in the early 1960s including Duckworth Turner and M O'Brien.
In fact M O'Brien was about my first mistake on the sharemarket in 1967/68.!
"Gilmore" used to write excellent business articles in "The Bulletin",and ran a spec portfolio for readers.Often he wrote about his misfortunes of running a shoe business.
Lately Hellaby Holdings ran a very successful investment company,except for their exposure to shoes, through Hannahs and No.1 shoes.
As for a clothing retailer going into manufacture of footwear,I see it will end badly for shareholders.

**winner69** · 20-03-2018, 01:30 PM

Originally Posted by percy

Russell Goward's Westmex was even more fun.! About a 100 shoe shops [or more] in the UK.

ChCh was the home to about four or five shoe manufacturers in the early 1960s including Duckworth Turner and M O'Brien.
In fact M O'Brien was about my first mistake on the sharemarket in 1967/68.!
"Gilmore" used to write excellent business articles in "The Bulletin",and ran a spec portfolio for readers.Often he wrote about his misfortunes of running a shoe business.
Lately Hellaby Holdings ran a very successful investment company,except for their exposure to shoes, through Hannahs and No.1 shoes.
As for a clothing retailer going into manufacture of footwear,I see it will end badly for shareholders.

OBOZ are designers and distributors who outsource manufacturering. I was a bit surprised to see in KMD presentation that OZBO don’t have contracts with the manufacturers they use. Listed as a potential risk.

**winner69** · 20-03-2018, 01:37 PM

Also 45% of OBOZ sales are to one customer ...with no contract in place either.

**percy** · 20-03-2018, 01:39 PM

Originally Posted by winner69

OBOZ are designers and distributors who outsource manufacturering. I was a bit surprised to see in KMD presentation that OZBO don’t have contracts with the manufacturers they use. Listed as a potential risk.

Chinese or Bangladesh manufacturers then?