Not very inspiring announcement
https://www.nzx.com/companies/KMD/announcements/292921
Almost verges on a profit downgrade in disguise
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Not very inspiring announcement
https://www.nzx.com/companies/KMD/announcements/292921
Almost verges on a profit downgrade in disguise
Yes and no - while sales are slightly down (due to FX which is uncontrollable, sales are up excl. fx changes) operational expenditure should also be down (promotional activity, less stores in UK). Key question is impact of FX on COGS. Still plenty of value at current prices IMO, especially if 1h profit is maintained. FX is key concern in the short term, shouldn't sway long term value.
Share price support has evaporated since going ex dividend but with so much resting on the Xmas& winter sales the performance is not too surprising. Kinda disappointed they're still just repeating past statements regarding the international opportunity.. I mean these are literally the same bullet points from old presentations.. would be interesting to hear from anyone present? Would actually be handy if KMD posted a video link on their website.
The Target Co Statement re briscoes takeover had revenue forecasts out to FY16. They didn't achieve the sales growth laid out in that forecast
If they had made a guess for FY17 i'm sure the 'promise' would have been for continued grow - hey don't take Briscoes up on their offer.
No sales growth for the first 15 weeks of the year is a bit of a worry in my view.
And the H1 profit forecast not that good either
4traders has 4.5% revenue growth in F17 - year not off to good start in light of this
Hope seems the story again
Kathmandu has been a frequent ram raid target this year.
Kathmandu products in very high demand.... for the ram raiders.
http://www.stuff.co.nz/national/crim...tore-ramraided
http://www.nzherald.co.nz/bay-of-ple...ectid=11631977
http://www.stuff.co.nz/national/crim...-east-Auckland
http://www.stuff.co.nz/waikato-times...id-in-pukekohe
Decided to exit this afternoon. Recived a couple of dividends and capital gain since buying in the low $1.50's
Good luck to all holders
Not exactly setting world on fire
https://www.nzx.com/files/attachments/252483.pdf
Looks like implied promises made in defence of Briscoes offer were a bit far fetched
So so H1 fir KMD - but that's better than the usual disaster our ones anyway
https://www.nzx.com/files/attachments/255141.pdf
The believerscwillthink pretty solid result
Rod (and others) will be thinking heck they not delivering on that bull**** they told everybody a year or so ago.
Rod did say he was watching closely
That Xavier pretty good with nice presentations - a bit like Nick from WHS