Hmm... It goes ex on the 2nd of June. Did you actually sell out today?
Printable View
Lucky I sold out at 174
Feel that their results depend too much on the easter/winter sales, and the warm weather means poor sales :(
I sold out last parcel i had today.. i sold most of them just like Kelvin around $1.70.. Asb didnt allow me to let my shares go to market a few weeks ago, they took control of slowly selling them down because if i wouldve sold my whole lot i wouldve crashed the share price down to 1.20-1.30, i was quiet upset and contacted nzx and found that its really up to the broker to work the shares which sounds ridiculous to me, it sounds like market manipuation on the brokers end not allowing whoever wants to sell to just sell.. which is exactly what i think is happening with TWR now btw.
Yes it's before ex dividend, but if you look closely, soon as they announced dividends, the share price went up (due to some chasing dividends unaware of overall KMD position), i waited for share price to go up by the same amount of dividends to be paid (which was today) and sold so i can recycle money into better stocks ...
good luck if you're holding, i held long enough and lost believing in kmd, they might turn around maybe in the long term (but its a long shot) and the perception of negativity around it coupled with competition and retail outlook just makes me depressed so im moving along as i dont have the heart for it anymore.
Thanks for your insights, I'm hanging in therefor now. Importantly I've not seen any paper loss (yet ! it's a small position). I think it could be turned around but take on board the high competition both in nz and Australia. I was in Japan not that long ago and visited a mall which pretty much was made up of outdoor clothing chains (north face etc). It looked a bit saturated to be honest!
I'm beginning to feel that turning down Rod's offer last year was not such a good idea. Rod, come back..........
I'm on the fence on this one. I think it has 50:50 chance of being good:not so good year. Started off well, so may continue. I think a lot of operators are playing on people's fear and getting decent parcels at good discounts. Of course it's all determined by your entry point, but then I suspect a number of Feb/March ATM buyers are feeling pretty nervous at the moment as well. And I also suspect Rod Duke is happy enough with Xavier.
Icebreaker emailed with a 20% winter promotion ... It begins...⛷☔️💵😎
Interest blog post: https://sixfootjournalism.wordpress....s-to-landfill/ - would be interested to know if this is true and if so, how much stock gets destroyed.
Hmmm, at first glance that does seem quite disappointing, certainly for their image if this article gets around. I would imagine those destroyed items were damaged and/or items on display which were no longer any good??
Still, doing it outside in daylight in view of others??? Maybe not so smart. Not when you're trying to sell yourself as sustainable and targeting zero waste!
^Paul doing a sterling job on @kathmandugear replying to tweets from punters expressing their disgust
Public relations nightmare ...
Kathmandu admits chucking stock in dumpster but says it was faulty http://www.stuff.co.nz/business/indu...-it-was-faulty "A spokeswoman for Kathmandu in Sydney, Helen McCombie, said the stock was "unsaleable due to a quality issue".
Of course it was faulty, the staff had just slashed it to pieces! OMG.
bad news travels fast, ... more discussion fanning the flames
http://www.trademe.co.nz/Community/M...636276&topic=5
Probably common practice - 'sustainability' and such words are just a words in most corporates, nothing else. Gives the right impression but in Kathmandu's case obviously not part of the company culture if a 'senior' employee can do this sort of thing
They'll say (with all sincerity ha ha) this not normal practice - that store manager will be moved on - and all will be forgotten in a few weeks
Won't be doing the brand equity any favours but I suspect it's common practise industry wide..
Interesting to see the ranking on this list - https://www.baptistworldaid.org.au/a...hionReport.pdf