KMD - Kathmandu

[Akane]

I sold this prematurely, couldn't believe it went up yesterday. Oh well, on to the next.

[Lorne Ranger]

Anyone know when they will release their figures? Could be a blast if half decent.

[Lorne Ranger]

Wow this is a buzzing forum huh? Looks like a little puff of motivated buying this morning, probably taking a punt ahead of pending results not being as horrific as factored into SP?

[Waltzing]

disc: we sold now we are in line to BUY.. moving up on HLG result.

Last year : NZX. Date released



FY19 Result Release Date (https://www.nzx.com/announcements/339794)
26/8/2019, 12:15 pm
GENERAL






FY19 Annual Results Announcement (https://www.nzx.com/announcements/341141)
18/9/2019, 9:32 am
FLLYR

[tomm]

Anyone know when they will release their figures? Could be a blast if half decent.
23-Sept-2020

[tomm]

News Flash: Analysts Just Made A Captivating Upgrade To Their Kathmandu Holdings Limited (NZSE:KMD) ForecasKathmandu Holdings Limited (NZSE:KMD (https://simplywall.st/stocks/nz/retail/nzx-kmd/kathmandu-holdings-shares?utm_medium=finance_user&utm_campaign=intro&utm_source=yahoo&blueprint=1270350)) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 13% to NZ$1.23 in the last 7 days. It will be interesting to see if today's upgrade is enough to propel the stock even higher.
Following the upgrade, the latest consensus from Kathmandu Holdings' seven analysts is for revenues of NZ$737m in 2020, which would reflect a meaningful 8.8% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to nosedive 76% to NZ$0.05 in the same period. Yet before this consensus update, the analysts had been forecasting revenues of NZ$658m and losses of NZ$0.027 per share in 2020. So we can see that this has sparked a pretty clear upgrade to expectations, with higher revenues anticipated to lead to profit sooner than previously forecast.

It will come as no surprise to learn that the analysts have increased their price target for Kathmandu Holdings 11% to NZ$1.50 on the back of these upgrades. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Kathmandu Holdings, with the most bullish analyst valuing it at NZ$1.55 and the most bearish at NZ$1.44 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Kathmandu Holdings is an easy business to forecast or the underlying assumptions are obvious.

[winner69]

News Flash: Analysts Just Made A Captivating Upgrade To Their Kathmandu Holdings Limited (NZSE:KMD) ForecasKathmandu Holdings Limited (NZSE:KMD (https://simplywall.st/stocks/nz/retail/nzx-kmd/kathmandu-holdings-shares?utm_medium=finance_user&utm_campaign=intro&utm_source=yahoo&blueprint=1270350)) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 13% to NZ$1.23 in the last 7 days. It will be interesting to see if today's upgrade is enough to propel the stock even higher.
Following the upgrade, the latest consensus from Kathmandu Holdings' seven analysts is for revenues of NZ$737m in 2020, which would reflect a meaningful 8.8% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to nosedive 76% to NZ$0.05 in the same period. Yet before this consensus update, the analysts had been forecasting revenues of NZ$658m and losses of NZ$0.027 per share in 2020. So we can see that this has sparked a pretty clear upgrade to expectations, with higher revenues anticipated to lead to profit sooner than previously forecast.

It will come as no surprise to learn that the analysts have increased their price target for Kathmandu Holdings 11% to NZ$1.50 on the back of these upgrades. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Kathmandu Holdings, with the most bullish analyst valuing it at NZ$1.55 and the most bearish at NZ$1.44 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Kathmandu Holdings is an easy business to forecast or the underlying assumptions are obvious.

That’s more than captivating tomm ..it’s amazing

Love the bit about shareholders smiling

A $1.50 target implies a share price of about $1.30 today

So all good eh

[tomm]

That’s more than captivating tomm ..it’s amazing

Love the bit about shareholders smiling

A $1.50 target implies a share price of about $1.30 today

So all good eh
If even without this analyst, I still top up .

[jimdog31]

If even without this analyst, I still top up .

Agreed. Im in retail and its pumping out here..... BGP UP, HLG UP, CAR SALES UP, why wouldnt KMD be?!

[Chuckles]

News Flash: Analysts Just Made A Captivating Upgrade To Their Kathmandu Holdings Limited (NZSE:KMD) Forecas

Kathmandu Holdings Limited (NZSE:KMD (https://simplywall.st/stocks/nz/retail/nzx-kmd/kathmandu-holdings-shares?utm_medium=finance_user&utm_campaign=intro&utm_source=yahoo&blueprint=1270350)) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 13% to NZ$1.23 in the last 7 days. It will be interesting to see if today's upgrade is enough to propel the stock even higher.
Following the upgrade, the latest consensus from Kathmandu Holdings' seven analysts is for revenues of NZ$737m in 2020, which would reflect a meaningful 8.8% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to nosedive 76% to NZ$0.05 in the same period. Yet before this consensus update, the analysts had been forecasting revenues of NZ$658m and losses of NZ$0.027 per share in 2020. So we can see that this has sparked a pretty clear upgrade to expectations, with higher revenues anticipated to lead to profit sooner than previously forecast.

It will come as no surprise to learn that the analysts have increased their price target for Kathmandu Holdings 11% to NZ$1.50 on the back of these upgrades. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Kathmandu Holdings, with the most bullish analyst valuing it at NZ$1.55 and the most bearish at NZ$1.44 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Kathmandu Holdings is an easy business to forecast or the underlying assumptions are obvious.

hey tomm, where is this article from? Thanks

[tomm]

Agreed. Im in retail and its pumping out here..... BGP UP, HLG UP, CAR SALES UP, why wouldnt KMD be?!
All those gave lost in sales but the Sp are up. KMD pushed their announcement back and it is the last one which I am holding.

[tomm]

hey tomm, where is this article from? Thanks
https://nz.news.yahoo.com/news-flash-analysts-just-made-180042658.html

[Chuckles]

Thank you Tomm :t_up:

[tomm]

It's also have nice dividends .

[calledone]

https://nz.news.yahoo.com/news-flash-analysts-just-made-180042658.html

This article is from July and your post looked like it's a new newsflash. Is this still relevant after further lockdowns?

[tomm]

This article is from July and your post looked like it's a new newsflash. Is this still relevant after further lockdowns?
We will see :)

[flyinglizard]

Lower its expectations, otherwise another SKT. The article does not include goodwill.......any concern about this? The revenue is definitely down a bit, according to its previous announcements.

[tomm]

Lower its expectations, otherwise another SKT. The article does not include goodwill.......any concern about this? The revenue is definitely down a bit, according to its previous announcements.
Look at CBD the HYPE or VGL, SKO...everywhere you will see LOSS..LOSS... but the Sp still rise.

[flyinglizard]

Look at CBD the HYPE or VGL, SKO...everywhere you will see LOSS..LOSS... but the Sp still rise.

En, you are right, just not too hype. I am thinking of HLG......loss, but SP.....


Besides, 23th of Sep is also a big date for RBNZ Monetary Policy Review to announce whether cuts on OCR.

https://www.rbnz.govt.nz/monetary-policy/official-cash-rate-decisions

[Waltzing]

I expect a not so great report. Its always better in this times to keep calm .

[tomm]

I expect a not so great report. Its always better in this times to keep calm .
Of course , again will have a loss but how many % loss , it will reflect onto the Sp. but KMD hasn't have a breath since Covid-19, so I am sure there is gonna be big breath.

[Chuckles]

SP took a dump today. Any reason?

[flyinglizard]

SP took a dump today. Any reason?


no reason, investors start to worry about earnings. I bought more today. have a look at HLG and BGP SP recently. even THL.

[Waltzing]

thank goodness a share doing what its supposed to in a global pandemic... remember this one is global... pandemic global... terrible global situation,,, please sell your shares now... we are waiting thank you.

[winner69]

Just as well low consumer confidence doesn’t affect Kathmandu

https://westpaciq.westpac.com.au/wibiqauthoring/_uploads/file/New_Zealand/2020/September_2020/Q3_Consumer_Confidence_September_2020_Westpac_NZ.p df

Only an economist could say this - Low levels of confidence are weighing on spending appetites. That’s being seen across all age groups and income brackets.

[Mr Slothbear]

no reason, investors start to worry about earnings. I bought more today. have a look at HLG and BGP SP recently. even THL.


kathmandu based on travel and the outdoors, briscoes based on homewares and time at home.

very very different management between the two.

one a purely NZ business and the other international.

I guess they both sell things so there is that

[flyinglizard]

kathmandu based on travel and the outdoors, briscoes based on homewares and time at home.

very very different management between the two.

one a purely NZ business and the other international.

I guess they both sell things so there is that

That is right. I am thinking of trading side. THL, MHJ, HLG and BGP all had some announcements before releasing the annual report. All of them SP hit on the ground, then starting shot. All are in retail sector. After US tech sector shocked up, some money just flew into defensive sectors for a week or two. KMD heads to the south and hit the bottom yesterday. Hopefully it will go up again with others. The time lag implies that it may have a not so good earning for FY 2020, compared with others. BGP FY2020 is ended at 26th Jan 2020, has not been tested by Covid19.

[jorge_telosa]

volumes being traded for the past hour. price is being pushed up. :t_up:

[Waltzing]

"McLiesh said the unemployment rate was expected to peak at 7.8 percent in the March 2022 quarter, both lower and later than had been predicted in the Budget (which had forecast a peak of 9.8 percent in September 2020)."

sell the rallies.....

[Chuckles]

Big late trade today :scared:



$1.220
919,409

$1,121,678.98
17:20

[winner69]

Big late trade today :scared:



$1.220
919,409

$1,121,678.98
17:20




Good sign eh

Whst you reckon price will be next Wednesday close?

Maybe 140

[Chuckles]

Not sure what to expect, I'm contemplating selling on Tuesday.

[Chuckles]

KMD had a good move today in the lead up to the earnings report.

[winner69]

Yep, they paint a positive picture of the future when they announce results we’ll see 150/160 pretty quickly

I wouldn’t be selling tomorrow as per your previous post.

[flyinglizard]

Yep, they paint a positive picture of the future when they announce results we’ll see 150/160 pretty quickly

I wouldn’t be selling tomorrow as per your previous post.

It seems that KMD.ASX is more bullish than KMD.NZ.

[Waltzing]

There has been some selling from big holders. But as Winner (n) has said models are out the door and i certainly hope so.

[winner69]

Pretty good presentation re results

Once punters get over the miserable $8m profit bit and see the potential the share price will head to 170's

[winner69]

There's so many types of profit mentioned and so many adjustments etc etc i wonder what the real picture is?

Maybe trying to bambozzle us with science

[Mammoth]

Seems hard to argue with a 50% increase in group sales and 50% plus increase in online sales. It all looks rather promising going forward. Still appears good value as one of the few retail stocks well below its 200M.

[Chuckles]

Sold out at 1.27 on Monday. Buy the rumour, sell the news rings true. Good opportunity to buy back soon.

The results were quite bad and expected. Back down to $1.10-$1.15 before we get back above $1.30.

[Waltzing]

Pretty good result could have been a lot worse. dropped to 117. very hard to pick how the market will read this one but it not going bust which was the though back in april.

[flyer]

highest volume this year, alot of stock changed hands today

[winner69]

highest volume this year, alot of stock changed hands today

Spose that's good

Those who read the good stuff buying likely to be more committed

[winner69]

Wonder if the Norwegians still hold any .... may have got out completely seeing they weren't that keen on participating in the capital raise

[Lorne Ranger]

Fairly solid rebound once the report speculators ran back to the shadows! ;) Report wasn't amazing enough to spark a buy up like HLG, but not terrible either and prospects look more positive. I topped up a little once it bounced.

[Waltzing]

it should continue to bounce about. Great trading stock. Many thanks to those who bought and sold....

[winner69]

Hard to work out if this is good or bad but the main thing is that the market thinks it's very good

Obviously not a disaster though

https://www.nzx.com/announcements/363853

[Waltzing]

its very very good! super - almost better than HLG... :eek2: im going to set a stall when i get back to europe to sell second hand rip curl surf tops in Landskrona and at the fake surf beach at helsingborg.

not joking... well play abba ... bound to drive every shopper for cover...

remember a lot of Kiwis will be coming home in the next 5 years and as the PM says be kind. They will have been exposed to all sorts of things and wont be used to a lot of things... old and new...

[Habits]

"...Group online sales for the 16 full weeks ended 15 November 2020 were +37.0% above last year"

Great result KMD, what percentage is online of total sales.

[tomm]

Why did KMD stop trading at this time ?

[calledone]

Why did KMD stop trading at this time ?

Price sensitive news. I think there is a 15min mandatory halt for such type of news.

[tomm]

Price sensitive news. I think there is a 15min mandatory halt for such type of news.
Will they resume trading today?

[Waltzing]

if this is the price with shop doors mainly closed , hate to see if they open world wide and sales increase ... and travel restarts safer then eve, much safer.

[drcjp]

What on EARTH could be more exciting in the Australian public service than running KMD? See yah later Xavier.
https://www.nzx.com/announcements/364149

[bottomfeeder]

Hopefully his replacement will bring some innovation of value to the company. Their trading pattern is really ingrained in the company now, so anyone just about could continue to run the company in its present format.

[Waltzing]

"Xavier" obviously does not surf!

yes im afraid the company profile now needs some outdoor business people ... but its got a global footprint and HLG does not yet..

im opening up landskrona's first outdoor stall in 2022...

[BlackPeter]

What on EARTH could be more exciting in the Australian public service than running KMD? See yah later Xavier.
https://www.nzx.com/announcements/364149

Interesting ... CEO leaving and director buying:

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/364189/336418.pdf

Looks like director David Bowman concluded that Xavier leaving does add value to the company :t_up:

[winner69]

Surely not going to Aus Post ....famous for its Cartier gifts

[bottomfeeder]

I am sure there is a lot of work that can be done on the rip curl brand, to bring it up to a super product line.

[Waltzing]

it going to be a ripper!

:eek2:

[calledone]

So Xavier is heading to Australian trade commission.

https://www.nbr.co.nz/story/kathmandu-chief-executive-quits

[arekaywhy]

Went into their Sylvia Park store on the weekend. You might consider it their premier store. Not a lot of traffic at prime time around lunch. I might add that right next door is Macpac, and they were humming. Perhaps kiwi shoppers are more discerning about quality?

[Waltzing]

depends what product your buying, some of my mac pac is indestructible and some of the smaller pacs have been pretty crappy.

[Waltzing]

bit of a take off this morning....

[nztx]

it going to be a ripper!

:eek2:


the Ripper happen months ago when KMD's issued shares multiply exponentally in front of everyone's eyes (to keep worried banker happy) , enough to make any Dividend Hunter's eyes water badly.. ;)

Have Sales ripped up all past records yet - by at least 200% to make up for this increased EPS spread ? or not likely ? ;)

[BlackPeter]

Jeez, this is a busy thread ... just hope for them that their Christmas sales have been better than the respective hype around share trader :):

On a more positive note: Just noticed that NZ Superfund smashed one week ago through the magical 5% barrier (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/366110/338686.pdf) - they are now a proud substntial share holder and are holding 5.001% of all KMD shares. Recon they hope for a busy summer ...

[calledone]

Probably waiting for news on new CEO or no group CEO here after.

Anyway I’ve been accumulating this for some time.

[winner69]

Jeez, this is a busy thread ... just hope for them that their Christmas sales have been better than the respective hype around share trader :):

On a more positive note: Just noticed that NZ Superfund smashed one week ago through the magical 5% barrier (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/366110/338686.pdf) - they are now a proud substntial share holder and are holding 5.001% of all KMD shares. Recon they hope for a busy summer ...

If they hadn’t bought those 4000 odd extra shares they could avoided the bother of filing notices.

[Mammoth]

I'm actually quite surprise that given the booming retail sector (HGL, WHS etc) we are not seeing some of that sentiment spilling over into KMD. Acknowledged that it does have heavy international exposure via RC and has been worst hit by the lack of tourists then most but I would have expected some momentum toward a SP of 1.40. Having said that, anytime I go near our local store it does seem fairly dead (like this thread).

[Greekwatchdog]

I bought in same time I did with HLG a month ago. Interesting to see if their sales figures have been impacted in Aust, US and UK markets with Covid.

[calledone]

I think local store foot traffic is seasonal too.

[Waltzing]

its a trade till its Post Pandemic.

[flyer]

Maybe on the rise now, surely sales were up during the last qtr. Hopefully a good report to be had.

[Sideshow Bob]

rading Update

12/2/2021, 9:37 amMKTUPDTEKATHMANDU HOLDINGS LIMITED

ASX / NZX / MEDIA ANNOUNCEMENT

12 February 2021

Record Rip Curl performance underpins operating profit improvement and validates the diversification strategy of the Group

• Half year sales growth reflects the successful integration of Rip Curl and the benefit of a diversified portfolio of brands
• Group EBITDA (1) (unaudited) above last year
• Rip Curl achieved substantial sales growth in key global markets despite COVID-19 disruptions, with strong wholesale orders for the second half year
• Kathmandu sales impacted by low demand for insulation and rainwear resulting from the lack of international travelers to the Northern Hemisphere
• Oboz sales above last year driven by product innovation, with order book well above pre-COVID-19 levels

Kathmandu Holdings Limited (NZX / ASX: KMD) (the Group) today provides the following update on its unaudited trading performance for the six months ended 31 January 2021 (1H FY21).

Group total sales for 1H FY21 were c.+12% above last year, including a full six month contribution from Rip Curl. EBITDA is expected to be in the range of $47 million to $49 million, including government subsidies and the realisation of cost synergies. Group Net Debt is expected to be c.$7 million following careful working capital management and the $207m capital raise in 2020.

On a pro-forma basis (relative to the same period last year including three months of Rip Curl pre-acquisition):

• Group direct to consumer same store sales, including online, for the 27 full weeks ended 31 January 2021:
o -10.3% adjusted for lockdown closures (2), with Rip Curl +21.0% and Kathmandu -30.0%
o -18.5% unadjusted, with Rip Curl +7.4% and Kathmandu -35.4%
o Online represents 13.0% of direct to consumer sales, up from 8.9% last year
• Group wholesale sales for the six months ended 31 January 2021 were only -11.5% below the same period last year despite April / May COVID-19 lockdowns significantly impacting the sell-in period, with Rip Curl -15.0%, and Oboz +3.8%.

During the half, trade at a number of the Group’s stores continued to be disrupted by COVID-19. 60 Greater Melbourne stores were closed for over 11 weeks during the second lockdown, and 14 Auckland stores were closed for over two weeks. Trading in Greater Sydney was affected over the Christmas period by the Northern Beaches outbreak. Airport stores in Australia as well as Rip Curl stores in Hawaii, Bali and Europe are still impacted adversely by either COVID-19 related travel restrictions or government mandated lockdowns and closures.

Commenting on the result, Group CEO Xavier Simonet said:
“Our improved first half operating profit underlines the resilience of our Group and validates the diversification strategy, launched through the successful acquisitions and integrations of Rip Curl and Oboz.”

“Rip Curl’s record first half performance highlights the strength of its brand and quality technical products. Rip Curl’s direct to consumer business will now begin the Northern Hemisphere summer with strong momentum. Forward orders for the Rip Curl wholesale business are above pre-COVID-19 levels, with encouraging early indications for future seasons.”

“Kathmandu enjoyed robust sales growth in camping categories, with renewed interest in local travel and adventure activities within Australia and New Zealand. However, its performance was heavily impacted by low demand for insulation and rainwear resulting from the lack of international travelers to the Northern Hemisphere. To put the first half performance in context, Kathmandu’s profit weighting has historically been heavily weighted to the second half year, when winter in Australasia drives demand for insulation and rainwear.”

“Oboz have delivered sales growth year on year, with the product innovation strategy pursued by the new Oboz management team reflecting in the forward order book, which is tracking well above pre-COVID-19 levels.”

Following the resignation of Group CEO Xavier Simonet, the Board has initiated a search process for his replacement. Mr. Simonet continues to work through his six-month notice period.

The Group intends to release the full result for the half year on Tuesday 23 March 2021. An announcement regarding dividend resumption will be made at that time.
- ENDS -

[winner69]

Update seems to say without Rip Curl and Oboz and wage subsidies Kathmandu would be in dire straights

[nztx]

*Sniff* "Dividend Resumption"


Hahahahaha .. Yeah right cobber -- less bits in the very bottom of a larger pot being spread twice as far .. ;)

but then most already suspected that would be the case .. ;)

[peat]

better in the second half eh? (from Kathmandu itself)

[Entrep]

Bought some today and looking for more later this week if removal from ASX300 causes dump

[winner69]

Rod Duke doesn't seem that excited about Kathmandu

Jury out on whether Rip Curl is working and with the managing director going ne questions if their focus and capacity to compete exists ......and he is a bit coy and what Briscoes are going to do with their holding.

From Businessdesk

[nztx]

Rod Duke doesn't seem that excited about Kathmandu

Jury out on whether Rip Curl is working and with the managing director going ne questions if their focus and capacity to compete exists ......and he is a bit coy and what Briscoes are going to do with their holding.

From Businessdesk


perhaps he should have looked at a fairly sizeable position in HLG instead
then there may have been large winners all round .. ;)

[Entrep]

Stellar result and great buying last week

[Waltzing]

we had a pile on sale and had to BUY BACK IN.

we love this stocks liquidity . And RIP CURL polar neck tops were the best,

Opening a stall in sweden in 2023.

[BlackPeter]

Stellar result and great buying last week

Not sure I would call it "stellar", but yes, it was promising and so much better than the year before. Looks like they got the corner, and hey - they are even back paying a divie, even if it is (in NZ) not imputed. Positive outlook - winter is coming and tourism no doubt will improve compared to the year gone by.

Discl: happy holder;

[Habits]

Rod Duke doesn't seem that excited about Kathmandu

Jury out on whether Rip Curl is working and with the managing director going ne questions if their focus and capacity to compete exists ......and he is a bit coy and what Briscoes are going to do with their holding.

From Businessdesk

Of course Rod is excited but not revealing his hand. ... classic buyer strategy

[winner69]

Of course Rod is excited but not revealing his hand. ... classic buyer strategy

Seeing the Kathmandu stores are losing money he could take them of them cheap and leave the Rip Curl / Oboz as a stand alone global company without the hassles of retailing.

Rod wouldn't want those bits would he?

[Habits]

SP up two to 140... consolidated, looking stronger

[Habits]

Closed up on high volume, almost 6m shares... someone is accumulating

[Waltzing]

yes we dont have enough of them.

well done to those who bought big at the cap raise and average 70 and under..

you are the BRAVE ONES!

(CNBC Brave Ones).

[Waltzing]

Travel will return and you will see people from all over the world come here. Of course i may well be going the other way and passing them.

Of course the girl from Czechoslovakia wont be bringing her friends back as she got shot at in gisborne that night, but others will and they will shop at KMD.

Rod Duke Dreaming of surfing the rip Curl wave. is he a long board man is he?.

[Getty]

Maybe time they got it on with Papa Surf from AFT.

[nztx]

As I thought -- double the number of shares translates into half the Prior Interim div 2.0 cps AUD
with no imputation credits (the standard KMD Interim pattern)

Not bad in the circumstances I guess .. normalised FY I guess Final 4.0 - 5.0 with Imp Credits
assuming post covid trading bubble effects have been shaken out of the rug to get there .. ;)

[BlackPeter]

Clearly - Yarra Capital management do see value at this price - they bought themselves a wee parcel of 8.36%:

https://announcements.nzx.com/detail/370718

[winner69]

Clearly - Yarra Capital management do see value at this price - they bought themselves a wee parcel of 8.36%:

https://announcements.nzx.com/detail/370718

Something to do with Yarra acquiring Nikko

Yarra/Nikko held more last year than this I think

[BlackPeter]

Something to do with Yarra acquiring Nikko

Yarra/Nikko held more last year than this I think

Good memory! However - this does not make the picture clearer.

Yarra submitted last December a change of interest notice saying that they now hold 72,436,067 shares.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/364430/336728.pdf

Today they submitted a "notice of initial substantial holder" claiming a holding of 59,277,176 shares.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/370718/344244.pdf


WTF? What happened with the 72 mil odd they owned last year?

[winner69]

Good memory! However - this does not make the picture clearer.

Yarra submitted last December a change of interest notice saying that they now hold 72,436,067 shares.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/364430/336728.pdf

Today they submitted a "notice of initial substantial holder" claiming a holding of 59,277,176 shares.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/370718/344244.pdf


WTF? What happened with the 72 mil odd they owned last year?

Saw that as well and said to myself what the heck

Mysterious ways of the big end of town

The 72m shares was actually 65m shares ...they sold down April to November

[BlackPeter]

Saw that as well and said to myself what the heck

Mysterious ways of the big end of town

The 72m shares was actually 65m shares ...they sold down April to November

Well, yes - but this was before they said that they hold 72.4m shares on Dec 1st, 2020.

No later notice after that (like end of substantial holding or change of substantial holding) until they report today an initial public holding of 59.2 m shares.

Funny that - did they just forget to notify the market that they first sold down below the 5% threshold (if that's what it was) after Dec 1st ?

[Habits]

Gut feel for SP breakout today or in the near term .... heading up on volume. Hitting top of intra-day range. Chartists what do you think.

[BlackPeter]

Gut feel for SP breakout today or in the near term .... heading up on volume. Hitting top of intra-day range. Chartists what do you think.

Not a chartist ... but its Golden Cross time today!

12487

The two analysts on market screener are exuberant as well (consensus forecast $1.73, straight BUY rating), winter is coming (traditionally the better season for Kathmandu) it is getting colder today and the sun is shining (which will drive customers into the shops ....). What can possibly go wrong?

[BlackPeter]

Interesting:

12488

Blue Line: KMD
Yellow line: HLG

I didn't realize that these two are that strongly correlated. Interesting as well, if one of them was lagging in the past, the other typically caught up in a matter of months. Currently HLG is significantly higher - this the time for KMD to catch up again?

[winner69]

Kathmandu (brand) doing a bit of strategic branding etc etc

One retail guru said - Pretty interesting strategic shift with Kathmandu now aiming to become some hybrid between Hallensteins and Glassons.

https://www.stuff.co.nz/business/125031774/kathmandu-rebrands-with-a-burst-of-colour-and-a-focus-on-under-35s

[Louisphan]

@Habits (https://www.sharetrader.co.nz/member.php?19170-Habits) Good to see you here beside the FBU. The KMD also just breakout at $1.44 with 1.41 millions volume on 30.04.2021 and keep the price over 1.44 since then. SP 1.50 is another light resistance; if it can pass it; next target (resistance) will be 1.59 in my opinion.

Disc: Open position at 1.45

[winner69]

Consensus target over $1.70
BP says a Golden Cross
Kathmandu good news rebranding
BP chart compared to HLG --- WOW what a story

ALL THE STARS ARE ALIGNED - Current price $1.48


Be really good when Kathmandu stores actually start making a profit again

[Habits]

@Habits (https://www.sharetrader.co.nz/member.php?19170-Habits) Good to see you here beside the FBU. The KMD also just breakout at $1.44 with 1.41 millions volume on 30.04.2021 and keep the price over 1.44 since then. SP 1.50 is another light resistance; if it can pass it; next target (resistance) will be 1.59 in my opinion.

Disc: Open position at 1.45

Thank you Louis. Coming in two weeks I am selling quarter of my share portfolio, but definitely not any of KMD, I would buy more of them if I could. How about you?

[Louisphan]

Thank you Louis. Coming in two weeks I am selling quarter of my share portfolio, but definitely not any of KMD, I would buy more of them if I could. How about you?

For long term, there are definitely no problems with KMD, I known there are many analysts valuate them at 1.7-1.8, and I also valuate it at $1.7.

However, in my "amateur opinion" in technical terms :); I think it will be very strong resistance at 1.59-1.60 and then 1.68-1.72. SP will be go flat or even go down for awhile before keep going up, and we never known how long it will be flat for. I will sell half of my shares at 1.59-1.60 and another half at 1.70 (75% of shares by that time); unless there are any special news or event coming out.

How about you? What is your target price and for how long it will meet them?

[Habits]

I will never sell KMD, ever... I hope to get super rich from the dividend stream of this growing company as it becomes a world beater loved and adored by those who breathe NZ and its evocative landscape

[Getty]

You're in with the Kats like a smitten kitten.

Is there anything that man can not do?

[winner69]

You guys on a reall roll - must be exciting

Looks like you could get your 170 next week and then it’s almost blue sky stuff

Well picked

Mind you neighbours mates down at the bowling did ask what the next hot stock is ....I told them Kathmandu .....they related to the brand and got excited

[winner69]

If I've done the sums right it looks like Kathmandu's market cap has finally crawled its way back to where it was prior to the big shareholder bail out (capital raise) early last year

Well done Kathmandu

[Louisphan]

I will never sell KMD, ever... I hope to get super rich from the dividend stream of this growing company as it becomes a world beater loved and adored by those who breathe NZ and its evocative landscape

Yeah, it is a good strategy as well if you can buy and hold this stock.

[Habits]

If I've done the sums right it looks like Kathmandu's market cap has finally crawled its way back to where it was prior to the big shareholder bail out (capital raise) early last year

Well done Kathmandu

Yahoo Finance shows:
17 Feb 20 close of $3.56/share
18/Feb/20 close $2.51/share
6/May/21close $1.52/share

New shares were issued to pay for Rip Curl so I would have expected there should be a higher MC

[winner69]

I will never sell KMD, ever... I hope to get super rich from the dividend stream of this growing company as it becomes a world beater loved and adored by those who breathe NZ and its evocative landscape

You will be creaming it when annual divie gets to 60 cents plus

[winner69]

Yahoo Finance shows:
17 Feb 20 close of $3.56/share
18/Feb/20 close $2.51/share
6/May/21close $1.52/share

New shares were issued to pay for Rip Curl so I would have expected there should be a higher MC

I reckon -

Market cap 16/2/20 pre-covid and capital raise $1.1 billion (295m shares)

Current market cap $1.1 billion (709m shares)


Enterprise Value a bit lower still

[winner69]

Xavier said at half year - “During the second half, we are focused on the strong execution of Kathmandu’s winter season in Australasia.”

Seems pretty warm at moment ....wonder how ‘winter’ going for Kathmandu.

Wouldn’t want things to turn sour now that things are all heading the right direction.

Wonder if a link between Kathmandu sales and hydro electricity generation?

Got 20 buck voucher as birthday present. Nice top arrived by courier yesterday. Now only need to spend another 30 bucks to get another ‘reward’

[Habits]

Xavier said at half year - “During the second half, we are focused on the strong execution of Kathmandu’s winter season in Australasia.”

Seems pretty warm at moment ....wonder how ‘winter’ going for Kathmandu.

Wouldn’t want things to turn sour now that things are all heading the right direction.

Wonder if a link between Kathmandu sales and hydro electricity generation?

Got 20 buck voucher as birthday present. Nice top arrived by courier yesterday. Now only need to spend another 30 bucks to get another ‘reward’

I have a belief that consumers probably underspent this last winter at KMD so they will make up for it this year. We could venture out within our own country last year but many chose not to do that and now the aussies will be back as well. This winter is expected to be below average rainfall for nz which may also keep overnight temps down if clear skies. And tourists prefer dry weather, it could add up to a bumper year. Besides KMD are more than just winter season goods so they will pick up northern hemisphere summer too imo

[winner69]

Puffer jackets a fashion in Oz .... and the evolution from black to colour

Lot about Kathmandu

About Kathmandu - ‘We don’t want to be fashionable but desirable and stylish,” “Functional on its own won’t cut it.”



https://www.smh.com.au/lifestyle/fashion/the-puffer-jacket-trend-no-one-saw-coming-colour-20210512-p57r4d.html

[percy]

Fantastic news.
Now the bright blue one I brought from Hallensteins clearance shop a few years ago,,will mean I am now trendy, rather than odd ball...lol.

[winner69]

Fantastic news.
Now the bright blue one I brought from Hallensteins clearance shop a few years ago,,will mean I am now trendy, rather than odd ball...lol.

We done percy

[Louisphan]

Another big test for KMD today at 1.6, the volumes look quite nice. Look like it will pass 1.6 this week which is faster than I expected. Lets go 1.7! Under my estimation it will be there around end of Jun 2021 or earlier.

[Waltzing]

people here were surprise at the 1.70 handle stated last year.

Hit 160 last 2 weeks already.

[Louisphan]

people here were surprise at the 1.70 handle stated last year.

Hit 160 last 2 weeks already.

Hit and pass (or closed at) a price are totally different in technical term. First hit at 1.6 I sold, but this time after one week accumulated, even though it is not really strong enough but if it closed above 1.6. I will hold and hold it hard because "The Big Boy" won't let it drop under 1.6 anymore.

[Louloubell]

I'm really surprised by the high volume of Kathmandu shares, compared with other companies of a comparable size. Why is that?

[winner69]

I'm really surprised by the high volume of Kathmandu shares, compared with other companies of a comparable size. Why is that?

Assume you are saying a high number of shares

Mainly because when you raise a huge amount of capital at 50 cents you issue zillions of new shares (last year)

[Habits]

Assume you are saying a high number of shares

Mainly because when you raise a huge amount of capital at 50 cents you issue zillions of new shares (last year)

Now selling for 160 cents... not bad at all

[Louisphan]

Now selling for 160 cents... not bad at all

Still cant be closed at 1.6 or higher. Another hard day for KMD tmr to pass this point. I hope no institution will sell their shares tmr.

[Habits]

Company Announcement:
"After an extensive international search, I am delighted to announce that..." we appointed someone from within the company

Lolz, you could have just appointed him instead of going through the motions Lolz

[Louisphan]

Company Announcement:
"After an extensive international search, I am delighted to announce that..." we appointed someone from within the company

Lolz, you could have just appointed him instead of going through the motions Lolz

Lol, i known something will come out to help it pass this hard point. But didn’t known they will play this big game.

[winner69]

Good they appointed the Rip Curl guy as the future prospects of Kathmandu really rests with how successful Rip Curl goes.

[winner69]

Hope 150 holds for you guys

[Louisphan]

Another break are made, up to 1.7 soon.

You can accumulate some more to take advantage of the break!

[BlackPeter]

Hope 150 holds for you guys

No worries - looks like an uptrend to me :):

12564

[winner69]

No worries - looks like an uptrend to me :):

12564

Sure looks like a good uptrend

So good I reckon 2 bucks early September

[Louisphan]

Sure looks like a good uptrend

So good I reckon 2 bucks early September

I won't be surprised if it is 2 bucks by end of this year or even end of Sep as you say. However, 1.7 is a short term target for me and I will buy back some when it go down to 1.6 or 1.65ˆˆ.

By the way, 260k quantity at $1.65 now should be removed now or will be consumed badly. You can't stop when the big boy want it go up :)

[winner69]

Bit of a bummer

EBITDA going to be about $120m

Just as well they have Rip Curl and Oboz else they would probably be broke by now

Might buy some if panic sets in and share price falls to 140 or less



http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/374716/349152.pdf

[BlackPeter]

Bit of a bummer

EBITDA going to be about $120m

Just as well they have Rip Curl and Oboz else they would probably be broke by now

Might buy some if panic sets in and share price falls to 140 or less



http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/374716/349152.pdf

42 degrees today in Canada and Montana ... the opportunities for RipCurl seem to be endless.

Expect as well a long, very dry and hot summer over there - people will need great shoes to run from as well as fight the wildfires. This is where the great Oboz boots will help (highly recommended for firefighters and other emergency staff).

Cold weather in the southern hemisphere will no doubt direct Kathmandu Customers to their stores whenever they are not locked down - they just need this additional winter jacket - nobody wants to freeze or worse - wear some old out of fashion rug, don't they?

I see the recent lockdown news just as a very temporary blib, but yes, accumulating some more shares at a lower price point might be desirable.

[winner69]

SMH report said market expectations were for full year ebitda to be $183m

Kathmandu now say ebitda of about $120m (which includes. This includes $20m government subsidies

Seems guidance is more than 30% down

Lucky the share price hasn't tanked

Possibly as BP says the news is just a 'temporary blib'

[winner69]

Kathmandu has 15 stores in Queensland

Now in lockdown s well ...and things not looking to good up that way with a young unvaccinated quarantine hospital worker gallivanting around the state.

Another downgrade on way?

[BlackPeter]

Kathmandu has 15 stores in Queensland

Now in lockdown s well ...and things not looking to good up that way with a young unvaccinated quarantine hospital worker gallivanting around the state.

Another downgrade on way?

Jeez, you seem to flood the thread today with black sludge .... did bull got hold of your login credentials? Did you short KMD and are now desperate to close your shorts? ... or do you just want to annoy people?

I guess it is quite easy to find out what impact lockdowns do have on the revenue ... just look into last years numbers. Short lockdowns don't seem to make a huge difference.

Obviously - whatever happens with Covid in Australia is impacting on all "non-essential" retailers, i.e. maybe you want to dangle around while you take the p!$$? Diversity is good :):

[nztx]

All this word of short longdowns .. now I remember why I run away from KMD
some time back .. ;)

[winner69]

Jeez, you seem to flood the thread today with black sludge .... did bull got hold of your login credentials? Did you short KMD and are now desperate to close your shorts? ... or do you just want to annoy people?

I guess it is quite easy to find out what impact lockdowns do have on the revenue ... just look into last years numbers. Short lockdowns don't seem to make a huge difference.

Obviously - whatever happens with Covid in Australia is impacting on all "non-essential" retailers, i.e. maybe you want to dangle around while you take the p!$$? Diversity is good :):

Praise indeed ……and I need to thank you for teaching me some tricks how to ‘black sludge’ ….thanks BP, you’re da master

[Snow Leopard]

Jeez, you seem to flood the thread today with black sludge .... did bull got hold of your login credentials? Did you short KMD and are now desperate to close your shorts? ... or do you just want to annoy people?

I guess it is quite easy to find out what impact lockdowns do have on the revenue ... just look into last years numbers. Short lockdowns don't seem to make a huge difference.

Obviously - whatever happens with Covid in Australia is impacting on all "non-essential" retailers, i.e. maybe you want to dangle around while you take the p!$$? Diversity is good :):

The pot calling the kettle black !

[nztx]

Isn't any prospect of a reduced KMD Divy now going to be cut twice as many ways ? ;)

Assuming the doors don't stay locked for too long ? ;)

I guess the Huge Cap Raise to save the ship may still be coming home to roost for some
poor stakeholders .. but a few smarter ones caught up with the action in last years dip ..
so still have opportunity to flit out the open top fanlight if need be .. ;)

but ...

it could be a darn sight worse .. for example - like a share consolidation to reduce numbers of issued
shares back down to some not so stupid useful levels, in case another Cap Raise becomes necessary
to further bail things out of the ditch .. if things start looking terminal again .. ;)

[BlackPeter]

The pot calling the kettle black !

Black - Yes; sludge - No :p;

[BlackPeter]

The pot calling the kettle black !

Black - Yes; sludge - No :p; Duplicate - Yes; Removed - No; Server performance woeful - YES!!!

[Waltzing]

This is a money making trading stock. Trade it and fade it.

[Greekwatchdog]

Not a bad comeback after yesterdays downgrade...For Bars take on it..

OUTPERFORM
12 month target $1.70

Kathmandu (KMD) has lowered its FY21 earnings guidance as lockdowns across Australia weigh on sales during the key
winter period. Although sales disruption is poorly timed, commentary suggests underlying brand performance is healthy,
with Kathmandu tracking at pre COVID-19 levels as it entered winter, while Rip Curl is delivering strong growth in the
Northern Hemisphere as consumer mobility improves. KMD remains well positioned over the medium-term as it benefits
from favourable category exposure, while longer-term earnings growth opportunity exists from international expansion of
the Kathmandu brand. On a 12m forward PE ratio of 12.5x, KMD continues to trade at a discount to peers. OUTPERFORM.
What's changed?
Earnings downgrade driven by restricted trading in Australia
Lockdowns in Western Australia (minimum of four days), New South Wales (minimum of two weeks), and an earlier two week
lockdown in Victoria have impacted KMD sales. As a result the company has guided to group revenue of c. NZ$930m and pre-IFRS 16
underlying EBITDA of c. NZ$120m, with the implied EBITDA impact from the lockdowns c. NZ$13m. We understand that impact
captures the effect of announced restrictions only, with any extension/expansion creating further earnings downside. We estimate
that a one week extension to the New South Wales lockdown would have a c. -NZ$4m impact to EBITDA. The update highlights the
ongoing trading risk from potential COVID-19 flare ups. However, we suspect KMD is more exposed to this trading risk than other
retailers given 1) the poor timing during a seasonally important period, and 2) stay at home orders likely limit any weather related
consumer purchasing prompts.
Underlying brand performance appears strong
Encouragingly, underlying brand performance appears healthy. Early winter sale indications for Kathmandu, implied sales consistent
with pre COVID-19 levels, while Northern Hemisphere sales for Rip Curl and Oboz have been tracking at double digit growth ahead
of FY19. We suspect supply chain congestion is likely limiting further sales growth for Rip Curl, with demand for wetsuits outpacing
the ability to supply. We remain positive on KMD's brand positioning over the medium-term given 1) beneficial category exposure, 2)
its sustainability credentials, and 3) further Kathmandu brand product development expected in FY22, providing a lever to drive good
customer engagement.

[Waltzing]

Stock performed well far better than expected but the the outdoor KMD store may suffer for a few years to come putting downward pressure on the stock.

There is so much money brought forward in the market that buying pressure seems to be holding everything up.

Sometimes a stock is a trade and sometimes they are a hold.

18 months is a trade, not taxable as a single transaction generally as long as it was not one of many.

5-10 years is an investment.

[Greekwatchdog]

Im not a trader, I have this down for a 18 month hold..Good luck if you are..

[Waltzing]

18 months KMD stores will just be starting to pick up some travellers.

[Habits]

"18 months is a trade, not taxable though.
5-10 years is an investment."

This would put me firmly in the trader camp even though I am not.... for IRD purpose, being a trader is all about intention at time of purchase and not the length of time held

[777]

"18 months is a trade, not taxable though.
5-10 years is an investment."

This would put me firmly in the trader camp even though I am not.... for IRD purpose, being a trader is all about intention at time of purchase and not the length of time held

Exactly...

[Waltzing]

140 coming up...

[winner69]

140 coming up...


…..no way ……suppose just wishful thinking eh

[Waltzing]

well it might bounce off 1.42 but really 1.20 , 130 would be a good price.

here they come ... buyers... great to see isnt when the punters turn up.

[winner69]

140 coming up...

Jeez …you were right

Recovered from 139 at the close ….whew said many

[winner69]

well it might bounce off 1.42 but really 1.20 , 130 would be a good price.

here they come ... buyers... great to see isnt when the punters turn up.

Getting there waltzingman ....month close at 137

Nearly 20% down from recent high

don't forget what you said eewhere - Its retail , retail, retail for therapy...

[Entrep]

The bleed continues

[Waltzing]

"don't forget what you said eewhere - Its retail , retail, retail for therapy..."

dont under estimate all those wheelie's that we being bought for practise!


personally got 2 new ones just for local travel and to see which one has the best under carriage.


Recent AIR managed to get the big purple one all the way to Nelson from Hamilton without it getting lost.

Might go in to KMD and buy another one for testing..

One of the our portfolios now hold a small number at a slightly high price... but we are waiting for the 1.10 dollar handle.

The chart does not show that turning up but you never know what variance or variant is turning up in the next 12 to 24 months.

Right off testing new accelerometer models today from Bosch and a new super long sculling loom...supposed to be inefficient but the numbers from the bosh are saying the maths applied is wrong for longer distances.

Never trust young scientists with data... they just havnt got enough field practise.

[BlackPeter]

The bleed continues

Nice bounce, wasn't it? Did you manage to pick up a few more?

[winner69]

Nice bounce, wasn't it? Did you manage to pick up a few more?

don't think so - waltzingman beat him to the really cheap ones

[Waltzing]

Only buying for a portfolio if it bounces Down to a low number.

A ZOOM meeting will occur as soon as WHS reports and hoping that MR B is right, he usually is.

[Entrep]

Results not out until end of September. More slow bleed until then?

[Waltzing]

"More slow bleed until then'

hope so...

[BlackPeter]

ACC submitting SSH notice -

https://www.nzx.com/announcements/377746

Some selling and buying, but they ended up with above 5%.

Still - I thought as well, they look reasonably priced - Maybe it will be not just HLG and WHS benefitting from the expected retail dollar tsunami - who knows?.

[Entrep]

Once Aussie open up (ie get vaccination to 70/80%) this will rocket again. I've been buying more.

[calledone]

I think this may have possibility of more downside but yes I’ve started nibbling as well.

[Shareguy]

I have had this company on my watch list for a long time and thought with the carnage that Covid has created would mean an attractive entry point. So far the share price Has held up pretty good considering so many of the stores have been closed for a long time, especially in Australia. I’m expecting another profit downgrade soon. Am I missing something here?

[calledone]

I have had this company on my watch list for a long time and thought with the carnage that Covid has created would mean an attractive entry point. So far the share price Has held up pretty good considering so many of the stores have been closed for a long time, especially in Australia. I’m expecting another profit downgrade soon. Am I missing something here?

Yeah possible profit downgrade if the case numbers are not coming down by spring but I think ripcurl and obos may not be affected that much by our lockdown since rest of the world is opening up. Anyway, I think if you get these in the NZ$1.15 and $1.25 range it will be a very good long term buy.

Disc: currently ~15% of my portfolio.

[BlackPeter]

I have had this company on my watch list for a long time and thought with the carnage that Covid has created would mean an attractive entry point. So far the share price Has held up pretty good considering so many of the stores have been closed for a long time, especially in Australia. I’m expecting another profit downgrade soon. Am I missing something here?

Not quite sure - even last year (with plentiful lockdowns) was not a too bad year for them, but a terribly timed capital rise - wasn't it? So why do you expect this (actually - which?) year to be that bad?

BTW - FY 21 already ended 31. July - they still need to report, but they better don't downgrade on that :p ... and for FY 2022 there are no forecasts out, i.e. no downgrade needed.

Looking at the impact of the lock downs - sure - some shops are closed, others are not and last time sales picked up quite satisfactory after the lock down ending. As well - there still is the internet - and actually, I think their online store (while still no match for HLG) did improve :) : https://www.kathmandu.co.nz/ ;

Discl: holding a (medium-sized) position;

[Shareguy]

Good points Blackpeter thanks I am watching with interest . Think thier products Kat and Rip are market leaders. Will wait and see , not going to enter at this price though.

[Grimy]

Their web site and online ordering works well, they ship quickly (even in L4 I got some clothing within two days, which I wasn't really expecting until L3). They enclose printed return labels in case they are needed, so it's all very easy and customer focussed.
And they keep sending out vouchers for birthdays, accumulated spend, etc. On top of their Summit Club discounts and clearance lines I sometimes wonder how they make a profit as after applying discounts I never seem to have to pay much at all for their gear......

[calledone]

Interesting that UBS started coverage on this from 1st Sept. Their target is NZ$1.7 and on the upside is NZ$2.29 if certain market events happen. Maybe they are right and could happen by 2023 as they foresee if AU and NZ decide to live with covid and yearly booster shots.

https://www.streetinsider.com/Intl+Ratings/UBS+Starts+Kathmandu+Holdings+Ltd+%28KMD%3ANZ%29+a t+Buy/18894507.html

[Waltzing]

big numbers again today for KMD, along with MHJ.

nothing much for HLG as usual.

makes no sense except RIP CURL is the brand.

[BlackPeter]

Rising today on quite satisfactory volumes (>1m shares). Passed all relevant MA's. Something in the wings?

[calledone]

Rising today on quite satisfactory volumes (>1m shares). Passed all relevant MA's. Something in the wings?

Could there be a final dividend? Also RBA has kept the interest rate at record low again. Anyway hope there is something good, I've accumulated a lot of this during this lockdown, mostly around the 1.25 to 1.3 range.

[Habits]

FY21 announcement TWO WEEKS!

[winner69]

Rising today on quite satisfactory volumes (>1m shares). Passed all relevant MA's. Something in the wings?

Forbar noted that Kathmandu would benefit the most of NZ listed retailers as we come out of lockdown.

Forbar guru analysts on the ball as usual

[winner69]

Just as well they got Rip Curl

Bad start to new financial year

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/379473/355104.pdf

[BlackPeter]

Just as well they got Rip Curl

Bad start to new financial year

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/379473/355104.pdf

Well, yes - but always surprising how different people can read quite different things out of the same document :eek2::

• Sales up 15.1% to $922.8 million
• Gross margin up 40 bps to 58.7%
• Underlying EBITDA up 35.9% to $113.3 million
• Statutory NPAT of $63.4 million
• Underlying NPAT up 110% to $66.3 million
• Strong balance sheet with $37.0 million net cash
• Final dividend of 3.0 cents per share; total FY21 dividend of 5.0 cents per share

I think this looks quite good ... and yes, one probably doesn't need to study rocket science to predict a weaker start to the new FY given it started with lock downs in both NZ and Australia ;):

Last time around the buying rush following the lock downs did fully compensate for a weaker lock down period, didn't it?

Anyway - market seems to be quite comfortable with the results ... well, after the minor ripple during amateur hour ...

[BlackPeter]

... and yes, good to see that their online business is starting to take off ... used to be one of their weaker areas, but now nearly 16% of their total turnover and with more than 14% per year growing ...

[Shareguy]

Have been watching this company for some time. I thought overall that this was a fantastic result. It exceeds both Forsyth Barr and Craigs analysts projections. I am now on the register.

[BlackPeter]

Have been watching this company for some time. I thought overall that this was a fantastic result. It exceeds both Forsyth Barr and Craigs analysts projections. I am now on the register.

You probably need to wait another two days until you are on the register (T+2 :) ), but anyway ... welcome on the train!

[Waltzing]

wait till they open all the shops again... this time next years results will be of great interest... might open a local shop in lower sweden... no beach surf but a wave machine pool would be a go...

[winner69]

Jarden reinterred it’s BUY rating with a $1.75 price target….attractive risk reward rating

Probably over shoot that $1.75 and be close to 2 bucks by Christmas

All looking good for KMD as the world faces up to living with covid and not worrying about case numbers or deaths

[winner69]

Share price on fire today

Hasn't been this high for a while

Nothing like a bit of momentum ....and favourable broker reports

[Waltzing]

w(n) and does the chart look good ? very slow climb with a very big base curve. just need MHJ to follow on later this year or next.

[winner69]

w(n) and does the chart look good ? very slow climb with a very big base curve. just need MHJ to follow on later this year or next.

Could say KMD is at an inflection point:t_up:

[Waltzing]

yes it will be very interesting to see if the market wants to look out 12 months.

[BlackPeter]

Could say KMD is at an inflection point:t_up:

Looks like director Bowman is convinced - he bought 200k of the beauties :):

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/379704/355428.pdf

[winner69]

Looks like director Bowman is convinced - he bought 200k of the beauties :):

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/379704/355428.pdf

Probably sees KMD as a better bet than SKT

[winner69]

With Kathmandu NZ now only making up 12% of Group revenues we don't really have to endure the slow decline in the business in this part of the world.

NZ sales and profits have been decline for the last 5 years - a real dog of a business.

So a Kiwi investor should put out of their minds what they think of Kathmandu NZ (good or bad) and think globally - that's where the action is.

Maybe they should change their name to Rip Curl to better represent that global influence

Anyway share price heading to Jarden's target of $1.75 and then to $2 by Christmas

[winner69]

Updated my KMD database with this years results

The last years been tough for everybody but KMD has had Ripcurl to help them out

But I was rather taken aback to see this years NPBT of $75m is less than F19 of $81.3m and about the same as achieved in F18 which was before the acquisition splurge.

And all those new shares has seen EPS fall from 24.0 cents in F18 to 8.9 cents this year.

So much for eps accretive acquisitions

All that new capital and biq acquisitions and nothing to show for it - ie revenues up about $400m and no extra profit

Never mind - let's forget the past as KMD now a global company going places from its new baseline ... all good

EPS 5 year CAGR now -12% pa

[nztx]

Could say KMD is at an inflection point:t_up:



Goodness .. all this over a mere 3.0 cps divvy (Note: NO Imputation Credits either)

a bit of a long time to wait for it though - provided there are no further major lock downs,
untoward events or any other Dividend under-arm bowling in the interim .. ;)

You never can tell ;)

ps: winner - Survey needed to see how many KMD holders also love AIR & vice versa ? ;)

[Waltzing]

" on the Numbers Winner".

Yes well i think the remark about AIR and KMD is perhaps an interesting correlation.

Perhaps the market is looking through a lens out to the horizon.

All those shop closures impacting after all.

[winner69]

Steadily closing in on Jarden's $1.75 target

[Waltzing]

1.75 , Euphoria.

[winner69]

No worries ….heading towards Jarden’s target 175

Share price was nearly 4 bucks not that long ago

So cheap as

[Waltzing]

4 dollars , a decade to go then.. 5 years at best.

[winner69]

Abby quick off the mark in getting a new job after probably losing her Z directorship

Welcome to Kathmandu …..and bringing that ESG stuff along with her

[arekaywhy]

…..and bringing that ESG stuff along with you

Oh no...they don't need more time wasted

[winner69]

Getting closer to Jarden’s 175 target. …..not far to go

[Waltzing]

blowing OCA out the door. what a stunner and that 15 year old rip curl orange top is as good as the day it was purchased.

Had the best polar neck surf long sleeve's.

Rip it Up.

[Charlie]

When was it $4 ??


No worries ….heading towards Jarden’s target 175

Share price was nearly 4 bucks not that long ago

So cheap as

[BlackPeter]

When was it $4 ??

ATH $3.84 @ 11/12/14

closer to now:

$3.60 @ 09/02/20

Probably both close enough to "nearly $4" - isn't it?

[winner69]

ATH $3.84 @ 11/12/14

closer to now:

$3.60 @ 09/02/20

Probably both close enough to "nearly $4" - isn't it?

Yep close enough

High intraday was 3.92 in 2014

[Sideshow Bob]

Trading Update and Investor Day Presentation - NZX, New Zealand’s Exchange (https://www.nzx.com/announcements/382473)

November 2021
(All amounts in NZ$ unless otherwise stated)

Kathmandu Holdings Q1 earnings impacted by COVID lockdowns

Kathmandu Holdings Limited (NZX / ASX: KMD) (the Group) today provides the following trading update in conjunction with a virtual investor day being held for institutional shareholders.

Same store sales (including online) for the 13 full weeks to 31 October 2021 were significantly impacted by ongoing Australasian COVID lockdowns:

•Rip Curl -9.4% overall, +1.6% adjusted for COVID lockdowns (1)
•Kathmandu -17.6% overall, +16.3% adjusted for COVID lockdowns (1)

Pleasingly, online sales have grown strongly at +33.8%, with Rip Curl +11.2% and Kathmandu +58.4%.

As previously signalled, COVID lockdowns have significantly impacted Q1 results. Net COVID impact is expected to result in Q1 operating profit being c.$35 million below last year as lockdowns in NSW, Victoria, ACT and NZ were more severe than prior comparative period, without any direct Government subsidies recognised to date in FY22. Recently the Group has seen positive momentum in the short period following the reopening of NSW and Victoria markets, notably for Rip Curl which is cycling +27% same store sales growth adjusted for COVID lockdowns (1) from Q1 FY21.

Rip Curl and Kathmandu are well prepared for the key Black Friday and Christmas trading period, and inventory remains sufficient to meet expected demand. Due to the uncertain COVID trading environment the Group will not provide forward guidance, however as markets reopen, trading is expected to improve with growth opportunity in the second half of FY22.

Rip Curl and Oboz wholesale order books remain significantly above pre-COVID levels. The Group is actively managing ongoing supply chain disruption globally, particularly impacting the timely flow of products into our North American markets. Oboz product deliveries will be impacted for Q2 as Vietnam footwear factories slowly ramp up production following COVID closures during Q1. Demand for Rip Curl wetsuits continues to exceed available supply. Freight, logistics and raw material costs remain elevated as the outlook for supply chain remains challenging. This will be managed where possible through pricing and raw material substitution.
Commenting on trading, Group CEO Michael Daly said:

“COVID-19 continued to be a major disruption in the first quarter, with Australasian retail stores significantly impacted by lockdowns, and supply chain disruption impacting our ability to fulfil strong wholesale demand. Despite the challenging trading conditions to date, we are ready to capitalise on growth opportunities as COVID restrictions ease. The Group continues to invest in the long-term expansion of our global house of outdoor brands.”

INVESTOR DAY PRESENTATION
Please see attached a copy of today's Investor Day presentation.
- ENDS -

[Waltzing]

With summer coming those Rip Curl products will be in big demand.

[winner69]

KMD did OK with JobKeeper in Oz

At the end No doubt made on the deal

[Maxtrade]

Market not liking the trading update. Lets hope the 12EMA holds.

[BlackPeter]

Market not liking the trading update. Lets hope the 12EMA holds.

12 EMA? You sound like a long term investor ...

[Maxtrade]

12 EMA? You sound like a long term investor ...

12 week exponential moving average. Have found it to often be a good indicator for short mid term trends.

Combined with 200 day EMA. Which is generally more indicative of longer term trends. Often when a stock crosses it's 200 day EMA it can be considered a technical signal that a reversal of previous trend may have occurred.

There's heaps of info on it you can dig up. Combined of course with momentum, and various other indicators, fibonacci retrenchment is also handy to overlay on your charts. Human nature in trading following trends can be quite helpful and insightful. Heaaappps to learn though. Only delve into it if you seriously have the time.

To be honest the stock market seems to be less about investing in the actual company than it use to be, with all the recent funds that have poured into shares due to money no longer having been kept in banks (with such low interest rates relative to inflation).

[Maxtrade]

A good one to take a look at is PEB currently. Almost 10% down off recent Cap Raise due to a large volume of shares needing to be sold off with a new director and previous retiring (after a life long career). Almost 20% off recent uptrending highs of 1.59. Entry point at 1.20-1.25 where it has touched on today. Seems like bids are accumulating on the support side for entry or top up. Upside bounce possible off such sharp sell down.

Technicals are indicating a sell on the weekly (so a little short term risk involved) but monthly is a buy. Good upside potential with relatively low risk at this entry point in our opinion.

Disc - This is not investment advice and always do your own research.

[Muse]

A good one to take a look at is PEB currently. Almost 10% down off recent Cap Raise due to a large volume of shares needing to be sold off with a new director and previous retiring (after a life long career). Almost 20% off recent uptrending highs of 1.59. Entry point at 1.20-1.25 where it has touched on today. Seems like bids are accumulating on the support side for entry or top up. Upside bounce possible off such sharp sell down.

Technicals are indicating a sell on the weekly (so a little short term risk involved) but monthly is a buy. Good upside potential with relatively low risk at this entry point in our opinion.

Disc - This is not investment advice and always do your own research.

Well this sure belongs on the PEB thread.

[Waltzing]

.. bought the little yellow beach shelter X2 for surf trips and Xmas presents.. central hamilton shop almost empty of customers and only one of them scanned with the app on the way in..

Chart looks side ways for a while..ONeil, the longer the line stays flat the high the break out...

[winner69]

Hey waltzing man - your 141 target got hit today

Clean them out of the depth did you?

[Waltzing]

missed buying at the bottom, busy placing orders in one of the trading companies for AUS Flight Centre....5 Years time imagine the pent up tourist desire... Continent fever... Only thing is how will the Chinese get out of the Lock up Kingdom.. Apparently some younger party goers photo shot themselves under LA signs...The last time CCP locked up china currency exchange assets they simply bought suite cases full of gift cards....

[Waltzing]

Another possible sell off coming tomorrow as dow futures drop 400

not really enough to do much damage..

damage is what you want..lots of it...

[winner69]

Fascinating article featuring Rip Curl and its first female CEO


https://www.smh.com.au/business/companies/rad-times-rip-curl-s-new-ceo-and-the-wipeout-of-surfing-s-boys-club-20211109-p5977t.html

[Waltzing]

who didnt own the white polar neck rip curl long sleeve in the 90's..

[Waltzing]

surfs up!!!!!

https://www.youtube.com/watch?v=MP0-j8VxMJA

[winner69]

Getting closer to Jarden’s 175 target. …..not far to go

Getting further away from that 175 by the day

Closer to Waltzingman target of 141

[Habits]

surfs up!!!!!

https://www.youtube.com/watch?v=MP0-j8VxMJA

Gonna be a Wipe Out (for others, not KMD)

Watch "Surfaris - Wipe Out" on YouTube
https://youtu.be/p13yZAjhU0M

[Waltzing]

Got to try and be positive about business and markets. Its a whole new decade.

[Habits]

Got to try and be positive about business and markets. Its a whole new decade.

I always find this guy very interesting

https://navellier.com/wp-content/uploads/2021/12/Market-Podcast-December-21-2021.m4a

[winner69]

Getting further away from that 175 by the day

Closer to Waltzingman target of 141

Chances are that 141 more likely than the pipe dream of 175

[Maxtrade]

Chances are that 141 more likely than the pipe dream of 175

Disagree. Will follow KMDASX lead. NSW looking like has already reached Omicron peak, will then follow same trend as Sth Africa, post peak hospitalisation/cases will drop quickly and steadily. The other states will be a bit further behind, will likely see late Jan early Feb when will see the change. Positivity will regain in the local ASX market once optimism resumes with more positive figure sand news updates. KMD current levels at 1.41 should be seen as a buying entry opportunity. Topping up more to our portfolios.

[Shareguy]

I topped up today at $1.41. Looks to me like a good price, time will tell.

[arekaywhy]

anyone else hold fire till Oz opens to trade this one?

[Habits]

Product placement par excellence on 1news winter Olympics reporter

[Greekwatchdog]

Solid trading update. https://www.nzx.com/announcements/387109

[Waltzing]

annoying that all these statements have a different format.

these are multi national companies and these releases are formatted for text terminals.

PDF actually has tag able objects that can allow for machine reading..

How many more decades of this junk will there be.

[winner69]

Might be solid greekwatchdog --- but what a messy update --- the only number that made sense was H1 sales were likely to be $405m which is slightly less than last year but GM going to be a lot less.

Then you takes your pick of what ebitda might be - seems to be a few different measures

Suppose they trying to convey the future is all bright ...so no worries

[winner69]

From that rather hard to make much sense of update the other day it does seem that Q2 was pretty good for them

Rip Curl after 13 weeks were -9.40% on pcp but after 26 weeks were -1.60% on pcp
Kathmandu after 13 weeks were -17.60% on pcp but after 26 weeks were +2.80% on pcp

Last 13 weeks must have been pretty positive ... hard to est how much because I don't know the sales split q1/q2

Maybe we will see share price at that guru analysts target of 175 sooner than later

[Waltzing]

" but what a messy update"

junk....

[Sideshow Bob]

Product placement par excellence on 1news winter Olympics reporter

I see at the coldest day of the Winter Olympics yesterday, the reporter was wearing their One News Macpac jacket.

Maybe Kathmandu for show, Macpac for when you really need it......;)

[MarineSalvage]

I see at the coldest day of the Winter Olympics yesterday, the reporter was wearing their One News Macpac jacket.

Maybe Kathmandu for show, Macpac for when you really need it......;)

Neither of them are top brands though... both play in a lower end market along with Mountain Warehouse... and usually always discounted to get sales

[Waltzing]

had an orange rip curl top for 20 years and looks like new.. some of that early stuff was pretty good.

[ralph]

Neither of them are top brands though... both play in a lower end market along with Mountain Warehouse... and usually always discounted to get sales
Mountain warehouse any & every
day same quality better price

[nztx]

Anyone holding out for a Div from KMD in May ? :)

Any advances on 1c at best - Zero at worst ? ;)

[BlackPeter]

had an orange rip curl top for 20 years and looks like new.. some of that early stuff was pretty good.

Maybe that's one of their problems ... their stuff is just too good, so people don't need to replace it. I think Toyota had the some problem ... building cars which did run 20 years without problems ...

[winner69]

had an orange rip curl top for 20 years and looks like new.. some of that early stuff was pretty good.

...have you ever worn it waltzing:);)

[Sideshow Bob]

Change of name!! :sleep:

Change of Name to KMD Brands Limited - NZX, New Zealand’s Exchange (https://www.nzx.com/announcements/388216)

CHANGE OF NAME TO KMD BRANDS LIMITED
Kathmandu Holdings Limited (NZX / ASX: KMD) announces that it will undertake a name change to KMD Brands Limited.
The new name will take effect from 16 March 2022. The NZX and ASX ticker will remain as KMD. The ISIN will remain unchanged as NZKMDE0001S3.
An announcement to launch KMD Brands, its purpose and vision, will be made on 16th March 2022.

[porkandpuha]

Tent and camping gear sales must be strong this year after the number that were burnt and damaged in todays shambles?

[stoploss]

Tent and camping gear sales must be strong this year after the number that were burnt and damaged in todays shambles?

You are assuming they were all "paid " for ........

[Sideshow Bob]

KMD changes name to reflect the group’s vision - NZX, New Zealand’s Exchange (https://www.nzx.com/announcements/388914)

Highlights:

• Kathmandu Holdings Limited now trading as KMD Brands
Limited
• Refreshed corporate strategy and identity to drive KMD
Brands into the next phase of its growth
• ASX / NZX tickers remain unchanged as ‘KMD’

Leading global outdoor, lifestyle and sports company, KMD Brands Limited (ASX: KMD, ‘KMD’ or the ‘Company’), today begins trading under its new name ‘KMD Brands’ (formerly Kathmandu Holdings) as it executes the rollout of its refreshed corporate strategy and group vision.

Refreshed corporate strategy
The new parent company name and refreshed strategy brings KMD’s brands together under an overarching corporate identity, harnessing the Company’s evolution over the past 35 years.

The corporate strategy consists of four key pillars - building global brands, elevating digital, leveraging operational excellence, and showcasing leadership in ESG – which are designed to support KMD’s growth as a brand-led global multi-channel business.
Since the acquisition of Oboz and Rip Curl, the Company has been looking to distinguish the holding company from the Kathmandu brand. The change to KMD Brands is an outward sign of the transformation that has occurred within the group in recent years and its future strategy, while still acknowledging its history.

KMD Brands Group CEO, Michael Daly said:
“We are building global brands, including growing Rip Curl in North America, and making it the pre-eminent surf brand in Australasia. We are launching Kathmandu into North America and Europe highlighting its Australasian heritage and harnessing the specialist leadership and values that Oboz is known for in North America to grow into Australasia and then Europe.”

A focus on improving digital execution by investing in whole-of-group platforms that support unified customer experience and commerce operations is a key feature of the KMD Brands’ strategy. This is supported by the launch of new and improved loyalty programs to allow personalised communications.

Operational excellence programmes that accelerate cross-brand opportunities through optimising the supply chain, harnessing core-system upgrades and product innovation enable each brand’s products to lead in their respective categories.
By extending Kathmandu’s B Corp accreditation to Rip Curl and Oboz and setting Science Based Targets aligned with the Paris Climate Agreement, KMD Brands will strengthen its ESG leadership position in the sector globally.

Michael Daly said:
“Our new company name, KMD Brands, heralds an exciting time for the group as we evolve into a leading family of global outdoor brands that are renowned for quality, innovation and sustainability.”

New Purpose and Vision

As part of the change of Company name, a new purpose and vision statement for the group has been established. KMD’s vision is to be the leading family of global outdoor brands – designed for purpose, driven by innovation, best for people and planet. As the parent company, KMD brings vision and strategic guidance to enable group synergies and to create more than the sum of the parts of its individual brands.

Michael Daly said:
“Our purpose is to inspire people to explore and love the outdoors. All our brands are focussed on supporting, enhancing and encouraging activities for the outdoor consumer.”

The Company has also developed a new logo for KMD Brands and designed creative assets which will feature across its investor website and investor presentation materials, including textured designs representing the sky, land and sea.
ENDS

[BlackPeter]

2 years ago the breakdown of tourism was pretty bad for Kathmandu ... less people to buy and use all this amazing outdoor gear.

Just wondering whether the return of tourism will have the opposite effect?

Obviously - the views of market analysts have just entertainment value unless we agree with them, but still - the three market analysts on market screener call KMD a "BUY" with a target price of $1.67 ... and Share Clarities DCF is $1.89; Backward PE is 7.7 and forward PE is 11.8 (though EPS per share dropped - has something to do with the Cap Rise at the start of Covid).

Dividend yield at the moment 4.7% and divi well might rise ... should be enough compensation to wait for the positive effects of tourism kicking in.

[Waltzing]

big surf week in the BOP going right through to sunday 3 to 5 foot.

just missing those tourist seeking sun and surf.

rip curl surfing gear still in fashion.

[Habits]

KMD Brands Limited

Announcement

as at 09:34:04, Wednesday 23 March, 2022 (NZDT)

1H FY2022 Interim Results

KMD
23/03/2022 09:34
HALFYR
PRICE SENSITIVE
REL: 0934 HRS KMD Brands Limited

HALFYR: KMD: 1H FY2022 Interim Results

KMD Brands Limited
ASX / NZX / Media Announcement
23 March 2022

(All amounts in NZ$ unless otherwise stated)

Strategic initiatives position KMD Brands for return to global growth

Leading global outdoor, lifestyle and sports company, KMD Brands Limited (ASX
/ NZX: KMD, 'KMD' or the 'Company'), is pleased to announce its results for
the six months ended 31 January 2022 (1H FY22).

1H FY22 key highlights (vs 1H FY21):
o Sales of $407.3 million (1H FY21: $410.7 million)
- - positive Q2 rebound following Q1 COVID lockdown impacts on Kathmandu and
Rip Curl in Australasia
- - Oboz impacted by COVID closure of Vietnam factories (now reopened)
o Gross margin of 57.7% (1H FY21: 59.0%), due to elevated international
freight costs, and increased clearance mix for the Kathmandu brand
o Underlying EBITDA of $10.2 million (1H FY21: $48.2 million) (excluding the
impact of IFRS 16)
o Statutory NPAT loss of $(5.5) million
o Strong balance sheet with $48.6 million net debt and comfortably within all
covenants; significant funding headroom of c.$250 million
o Interim dividend increased by 50% to 3.0 cents per share (fully franked for
Australian shareholders)

Commenting on the 1H FY22 results, Group CEO & Managing Director Michael Daly
said:
"We continued to deliver on our strategic objectives, positioning KMD Brands
for growth as travel rebounds globally and COVID-related impacts on supply
abate. We maintained a strong focus on building our global brands,
sponsoring the first ever World Surf League finals, with the men's event won
by a Rip Curl surfer. We opened twelve new owned / licensed retail stores
globally, and online sales increased to 17.4% of direct-to-consumer sales,
rewarding initiatives to elevate digital capabilities. Substantial progress
was also achieved on our ESG strategy."

"Rip Curl delivered sales growth of 2.7% over the half, with strong sales
growth in online and wholesale channels, underpinned by strong performance in
Europe and Hawaii in particular, while North America was impacted by
short-term wetsuit shortages and port congestion. Rip Curl returned to same
store sales growth in Q2, as lockdown restrictions lifted and the business
rebounded."

"The Kathmandu Australasian store network was more impacted by COVID closures
in Q1 than the Rip Curl global store network, before recovering strongly in
Q2. While Kathmandu continued to feel the impacts of COVID related travel
restrictions, we were pleased to see a 46.4% increase in online sales, and
the business is well positioned to grow internationally, with the Europe Fall
/ Winter 22 sell-in complete, and forward orders in line with expectations."

"Oboz was impacted by the closure of Vietnam supplier factories due to COVID
lockdowns, with approximately half of 1H FY22 orders unable to be fulfilled.
However, the demand for the Oboz brand and products has never been stronger,
with forward orders into FY23 very strong and supporting our medium-term
growth targets."

"Our rebranding to KMD Brands earlier this month reflects our purpose to
inspire people to explore and love the outdoors, with a vision of being the
leading family of global outdoor brands - designed for purpose, driven by
innovation, best for people and planet. It is with this ethos in mind that we
look to develop our portfolio of global brands, underpinned by investments
that deliver a world-class unified commerce experience, and our commitment to
operational excellence and leadership in ESG."

The following are attached in relation to KMD Brands Limited's Interim Result
for the period to 31 January 2022:
1. Results Announcement
2. Media Announcement
3. Interim Financial Statements for the six months ended 31 January 2022 and
the Independent Auditors Review Report
4. Investors Presentation
5. Distribution Notice

Investor briefing

An investor call will be hosted by Michael Daly (Group CEO) and Chris Kinraid
(Group CFO) at 8.30am AEDT / 10:30am NZDT today,
Wednesday 23 March 2022. For those wishing to participate, please dial one of
the numbers below and provide the conference ID to the operator:

Australia Toll Free: 1800 590 693
Australia Local: +61 3 8317 0929
New Zealand Toll Free: 0800 423 972
United States: 800 289 0459

Conference ID: 177616

- ENDS -

For further information, please contact:

Investors
Eric Kuret
Market Eye
P: +61 417 311 335
E: eric.kuret@marketeye.com.au

Media
Helen McCombie
Citadel-MAGNUS
P: + 61 2 8234 0103
End CA:00389338 For:KMD Type:HALFYR Time:2022-03-23 09:34:07



The trading and pricing information that appears on this website is provided by the New Zealand Exchange and the Australian Stock Exchange, and is subject to contractual arrangements that expressly prohibit the redistribution of such trading and pricing information. Any redistribution, by any party, constitutes a breach of the Internet Access Terms applying to this website.

[Habits]

Been a tough six months. Directors have nonetheless increased the dividend by 50 percent to 3cps

[Waltzing]

obviously feel this coming year FY23 is going to see them back in profit.

[BlackPeter]

Been a tough six months. Directors have nonetheless increased the dividend by 50 percent to 3cps

Hmm - $5.5m loss. Thank God for RipCurl - only remaining uint still making some money (though less than 1HY 21).

Never mind ... second half will be much better!