https://www.marketscreener.com/KATHM...17/financials/
Analysts are expecting an 11% increase in eps this year. A 4-8% increase in profit, (today's update) on a 7% higher weighted average number of shares on issue (last year weighted average shares on issue 211.261m, source annual report, currently 226.188m shares on issue) is likely to lead to low single digit eps contraction which is extremely disappointing after previous talk of strong growth. There is no way to sugar coat this, this trading update is a real shocker.
Momentum must have fallen off the edge of a cliff with the last 7 weeks sales for it to drag the first 15 weeks strong sales growth down ! We saw what happened to HLG when they posted a more disappointing trading update so I am OUT and not waiting to see the carnage here.
Very pleased I took just a very small opening position which I liquidated this morning at a small loss.
KMD is also in my Share trader competition picks so I am not off to a good start in 2019.
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