KMD - Kathmandu

[calledone]

Interesting that UBS started coverage on this from 1st Sept. Their target is NZ$1.7 and on the upside is NZ$2.29 if certain market events happen. Maybe they are right and could happen by 2023 as they foresee if AU and NZ decide to live with covid and yearly booster shots.

https://www.streetinsider.com/Intl+R.../18894507.html

[Waltzing]

big numbers again today for KMD, along with MHJ.

nothing much for HLG as usual.

makes no sense except RIP CURL is the brand.

[BlackPeter]

Rising today on quite satisfactory volumes (>1m shares). Passed all relevant MA's. Something in the wings?

[calledone]

Rising today on quite satisfactory volumes (>1m shares). Passed all relevant MA's. Something in the wings?

Could there be a final dividend? Also RBA has kept the interest rate at record low again. Anyway hope there is something good, I've accumulated a lot of this during this lockdown, mostly around the 1.25 to 1.3 range.

[Habits]

FY21 announcement TWO WEEKS!

[winner69]

Rising today on quite satisfactory volumes (>1m shares). Passed all relevant MA's. Something in the wings?

Forbar noted that Kathmandu would benefit the most of NZ listed retailers as we come out of lockdown.

Forbar guru analysts on the ball as usual

[winner69]

Just as well they got Rip Curl

Bad start to new financial year

http://nzx-prod-s7fsd7f98s.s3-websit...473/355104.pdf

[BlackPeter]

Just as well they got Rip Curl

Bad start to new financial year

http://nzx-prod-s7fsd7f98s.s3-websit...473/355104.pdf

Well, yes - but always surprising how different people can read quite different things out of the same document :

• Sales up 15.1% to $922.8 million
• Gross margin up 40 bps to 58.7%
• Underlying EBITDA up 35.9% to $113.3 million
• Statutory NPAT of $63.4 million
• Underlying NPAT up 110% to $66.3 million
• Strong balance sheet with $37.0 million net cash
• Final dividend of 3.0 cents per share; total FY21 dividend of 5.0 cents per share

I think this looks quite good ... and yes, one probably doesn't need to study rocket science to predict a weaker start to the new FY given it started with lock downs in both NZ and Australia :

Last time around the buying rush following the lock downs did fully compensate for a weaker lock down period, didn't it?

Anyway - market seems to be quite comfortable with the results ... well, after the minor ripple during amateur hour ...

[BlackPeter]

... and yes, good to see that their online business is starting to take off ... used to be one of their weaker areas, but now nearly 16% of their total turnover and with more than 14% per year growing ...

[Shareguy]

Have been watching this company for some time. I thought overall that this was a fantastic result. It exceeds both Forsyth Barr and Craigs analysts projections. I am now on the register.