KMD also joins ASX index with A2M AIZ EBO MCY
https://www.asx.com.au/asx/statistic...me=D&period=M6
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KMD also joins ASX index with A2M AIZ EBO MCY
https://www.asx.com.au/asx/statistic...me=D&period=M6
DISC: bought again at 1.10 the other day and sold at 133. Back to 1.10 today... i imagine all those new share buyers who have been driving this market just found out what kind of market this is... Its a buy the crash sell the rally... Of course if you bought at 50 its a hold... bought at 72 and sold at 1.10. a few weeks ago...CNBC Carter Worth says bottom here could go to 2800 on the SP 500 and 1.5% vol range. Stock like KMD and others here could come under regular pressure.
Long discussion with Kathmandu CFO about Covid impacts etc in this Westpac piece
https://westpaciq.westpac.com.au/wib...tail_FINAL.pdf
https://www.nzx.com/announcements/355640
Reads kinda okay, then you realize FY19 pro forma normalised Combined Group EBITDA was $151m, now expected to be "above $70m"... so about half of last year... then you realize a huge amount of shares have been issued (more than doubling the shares on issue)... so on a Earnings per share basis, KMD is down about 80% on last year...?
Interesting that the share price has only gone down about 50%...
Earnings per share are down 80%, and the share price goes up 10% on the open today... share price now less than half way off where KMD was at the start of the year, despite a dramatically changed outlook... crazy stuff... but I suppose like AIR, it doesn't matter about the earnings if the story is strong.
I know I have just had to buy three down jackets for the kids as its freezing... all from KMD
Tj — also think a bit of relief in that update ....KMD not going bust.
well really did not buy enough in the offer....and i own the best dual purpose top rip curl has ever produced.. I left a photo here and its really the best made jacket ever ...i would have bought many had i known the quality at the time., I doubt the same quality exist today..
Yep, ecom 'helped' but unable to lessen the blow, not proficient with that channel...
Still bearish on this, their product mix/brand offering/supply chain not well positioned. Will struggle on EPS and be at continued whim of the banks.
Wrote a long post on this a while back.