KMD - Kathmandu

[winner69]

AGM about to start at 11am. Expecting a trading update too, as they have provided one around AGM time the past 3 years.

Not very inspiring announcement

https://www.nzx.com/companies/KMD/announcements/292921

Almost verges on a profit downgrade in disguise

[TheHunter]

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.

[huxley]

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.

[winner69]

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

[winner69]

4traders has 4.5% revenue growth in F17 - year not off to good start in light of this

Hope seems the story again

[JayRiggs]

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

[huxley]

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

[winner69]

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

[percy]

Not exactly setting world on fire
https://www.nzx.com/files/attachments/252483.pdf

Looks like promises made in defence of Briscoes offer were a bit far fetched

No surprises there.!

[winner69]

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