KMD - Kathmandu

[silverblizzard888]

Seems to have climbed steadily since you got out of it Huxley..... what shares are you thinking of selling off next? Might have to get some :P

Anyone know why they are climbing right now?
Ta
mum & dad investor

They have steadily improved the business since their big under-performance a few years ago, so why shouldn't their share price be increasing. If anything I'm surprised the shares haven't been trending upwards earlier since they have being showing they are making most parts of the business quite efficient.

[Hawkeye]

They have steadily improved the business since their big under-performance a few years ago, so why shouldn't their share price be increasing. If anything I'm surprised the shares haven't been trending upwards earlier since they have being showing they are making most parts of the business quite efficient.

Do you think briscoes will make another offer? or just ride the wave with their decent sized holding?

Huxley - IFT seem like a good share these days, but with domestic airlines dropping the amount of flights to WLG, and AKL getting another runway it could be in for some challenges with WLG airport. Still, plenty of cash in hand to make some good investments. I meant to pop into their investor meeting here a few weeks back but neglected to write down the time and missed it. I had their shares for several years and sold them approx two years ago.

[silverblizzard888]

Do you think briscoes will make another offer? or just ride the wave with their decent sized holding?

I'd say Briscoes will probably just ride the wave, they tried to make a low ball offer earlier on when there was a chance shareholders may have accepted the offer, though now that KMD are in a much better condition it'd be even harder to put in a offer that would not insult current shareholders. Rod Duke is a prudent man and would only do something if there was a large margin of safety, trying to acquire KMD would require a premium and negate any margin of safety they could be acquired at. They have already made a considerable profit with their current holding, though they are probably more likely to sell once KMD are fully valued in the market than put in a offer for a full takeover at this moment.

[TheHunter]

https://www.nzx.com/companies/KMD/announcements/304968.

Great result, tracking towards the ~$60m EBIT range again - last time this range was reached the share price hit the high $3 range, pushing $4 at times.

Earnings growth for the foreseeable future driven by sales growth and a favorable USD/NZD rate making those COGS cheaper. Did I mention the great dividend yield...?

Keep it up Xavier

[winner69]

Mountain Designs finding Kathmandu too good for them in Australia ....just maybe

https://www.smartcompany.com.au/indu...d-competition/

[winner69]

WOW — first half profits up by more than 20% on last year

http://nzx-prod-s7fsd7f98s.s3-websit...373/273437.pdf

Bit of a worry that NZ same store sales down 6.4% though — but profit from higher margins is what matters

[winner69]

They say profit will be ‘not less than $12m’

I reckon ‘will be more than $12m’ sounds a lot better

But then they already know it’s $12.1m and ‘will be about $12m’ isn’t that positive eh

[minimoke]

Bit of a worry that NZ same store sales down 6.4% though — but profit from higher margins is what matters

That wil be all the new migrants not knowing to wait for the next sale.

[winner69]

Rod still interested

Would have been better off accepting his ofer last time ....but no doubt Kathmandu shareholders have even more elevated elevated (unrealistic) this time around ....might turn Rod off though

https://www.stuff.co.nz/business/102...-buy-kathmandu

[JoeGrogan]

Rod still interested

Would have been better off accepting his ofer last time ....but no doubt Kathmandu shareholders have even more elevated elevated (unrealistic) this time around ....might turn Rod off though

https://www.stuff.co.nz/business/102...-buy-kathmandu

Interesting... but don't see it happening to be honest.