You probably need to wait another two days until you are on the register (T+2 :) ), but anyway ... welcome on the train!
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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...
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
Share price on fire today
Hasn't been this high for a while
Nothing like a bit of momentum ....and favourable broker reports
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.
yes it will be very interesting to see if the market wants to look out 12 months.
Looks like director Bowman is convinced - he bought 200k of the beauties :):
http://nzx-prod-s7fsd7f98s.s3-websit...704/355428.pdf
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
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
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 ? ;)
" 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.
Steadily closing in on Jarden's $1.75 target
1.75 , Euphoria.