I had to go check the numbers as it looked like I was way off... It's somewhere in between:
Before raise 295,073,217 Shares.
After riase 709,001,384
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went shopping today... realized at least 60% of people were wearing Kathmandu’s :)
Kids and I went to Botany Mall on Saturday - spent about 20mins in KMD and I was quite happy with the number of shoppers... a fair bit of stock around but like Justin I saw a lot of people in the mall with KMD Puffers
bought a new wheelie back in early feb for europe travel, silly me and another small back pack last week. will use them locally till 2022. Some good rates on flying in NZ from my travel agent last week. The KMD jackets not quite as nice as my Hugo Boss from copenhagen last year but warm.
more money flowing in to this stock again...
Camping equipment usually does well in a downturn and should continue to do so (especially where we are locked in our own country) the difference between previous downturns when KMD did OK is the staggering amount of competition at all price levels. The Warehouse and Kmart have cheap but serviceable gear, Mountain Warehouse is a category killer, Macpac, Bivouac, Stirlings, Hunting and Fishing, Rebel and many independents... not to mention the overseas websites delivering straight to door... I still hold a fair number of shares and I hope they do OK but it will be hard slog. Marketing is usually sale based eg 20-50% off... be nice to see some more imagination so not scrapping for the bottom of the market...
:Based on technical indicators or just gut feel (wishful thinking)?:
volumns?
vol was not over 1 million before 3 PM for a week ? now is i think...
3,006,677 $3,453,161
now up 4 million
got at least 4 screens up in front of me at the moment...