NZ CPI was up by 7.3% in the June 2022 year.
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OK - a quite solid result, though we should not get too excited - either:
Inventory up, Receivables up and Intangibles up ... hmm.
RoE of 4.3 % isn't yet ready for the Guinness Book of records either, and in the combination with the high intangibles one could wonder, whether they paid too much for their intangibles, couldn't one?
Anyway - dividend (6 cts for the year) is amazing (considering the share price) and higher than their earnings for the year (5.1 cts per share), so board must be really optimistic.
Better not check the cashflow statements ... but hey,
NTA did go up by more than 10% ... (this is good :) ) reaching an outstanding 18.5 cents per share ( :eek2: ); Ah, well ...
what possibly could go wrong?
Imagine what will happen when thing get back to normal....
cheap but they did pay to much for the brands...
women on the pro tour now get much higher prize money
Surfing is big on some parts of the french coast..
a classic to check out how long they have been surfing in france is never ending summer 2.
endless summer 2....
expect this to sell off under a dollar ; start averging in now...
sellers moving in ....
Read ok then? looks like it... big summer coming for down under..bordes open and maybe some europeans wanting to escape a horrible winter up north?
surfing by october this year then... crikey...
https://www.stuff.co.nz/national/300...ave-on-the-way
America and Europe - here we come!
CEO does not lack ambitions:
https://www.nzherald.co.nz/business/...3BURBREUOW4DOE
(probably paywalled)
Strategy, though sounds sensible:
Quote:
KMD Brands chief executive Michael Daly said the launch into North America and Europe would remain small initially while it tested demand. All going well, he said Kathmandu planned to follow with retail store openings to complement its e-commerce strategy.
The company has its eyes set on large cities that appeal to its active outdoor consumer, locations such as Vancouver in Canada, Denver in America and Munich in Germany, for flagship retail locations.
"It is very much a soft launch [at this stage] focusing on 20 to 25 select influential outdoor accounts to test our concept and give us confidence for future expanded distribution. We're focusing on wholesale and online at the moment in Europe and Canada, and likewise when we launch in the US later this year," Daly told the Herald.
I'm just waiting for the day they branch out to Nepal........Kathmandu in Kathmandu!! :p;)