KMD - Kathmandu

[BlackPeter]

Yes agree. Not too bad but i dont think KMD is cheap and i think it was priced to do a little better. I was expecting higher underlying ebitda.

So now looking at the chart it was looking okay for most of this year in what i can tell. Trading in a holding pattern waiting to see results. I am worried now its going to get into a downtrend with SP below 50 below 100 below 200.. and soon will be priced like the rest of the retailers i.e. p/e at or under 10 and double digit div yield.

I have sold this morning.

Fair enough. But just for the record ... average PE (10 years) is at 97 cents already at 7, and forward PE (whatever the estimates are worth) is 9.1 - i.e. we might be already there.

I put in an order this morning (but - admittedly - nobody so far took up my offer ); Never mind, I can wait ...

[Rawz]

Fair enough. But just for the record ... average PE (10 years) is at 97 cents already at 7, and forward PE (whatever the estimates are worth) is 9.1 - i.e. we might be already there.

I put in an order this morning (but - admittedly - nobody so far took up my offer ); Never mind, I can wait ...

those forward PE estimates and now worth not a lot

if they do $40m npat its a P/E of 17..

[winner69]

KMD half year preso they showed Rolling 12 months sales $1,150m and ebitda $127m

So 2nd half Ebitda about $20m less than last year

Rough numbers for H223 -

Sales $552m ,,,DOWN $22m or 4% on pcp
Ebitda $60m ……DOWN $22m or 25% on pcp

Jeez ..if this trend carries through into F24 no wonder punters jumping ship and share price collapsing

[winner69]

KMD Q3 sales up 16% which was pretty good …and they were pretty excited about that

H2 sales flat at best

Must have been a torrid last quarter …….double digit decline

[winner69]

Jeez …nearly 4 million shares dumped at 92.5

Maybe NZ Super …..only bought heaps lately but

[bulltrap]

Jeez …nearly 4 million shares dumped at 92.5

Maybe NZ Super …..only bought heaps lately but

One fund's dump is another fund's scoop.

[BlackPeter]

those forward PE estimates and now worth not a lot

if they do $40m npat its a P/E of 17..

They are worth as much as any other prediction, no matter how negative you are.

[winner69]

Just prior to announcing the Rip Curl acquisition I June 2019 KMDs market cap was about $680m. FY19 sales were $546m and NPAT was $58m

Since then (4 years) sales have doubled to $1.1 billion but NPAT is going to be about $45m

And today KMDs market cap is still about $680m ….even though they’ve raised the best part of $400m

Something not quite right eh

But some might say it just shows the huge potential and possible big share price gains once KMD sort their **** out and maybe get lucky

[alokdhir]

Just prior to announcing the Rip Curl acquisition I June 2019 KMDs market cap was about $680m. FY19 sales were $546m and NPAT was $58m

Since then (4 years) sales have doubled to $1.1 billion but NPAT is going to be about $45m

And today KMDs market cap is still about $680m ….even though they’ve raised the best part of $400m

Something not quite right eh

But some might say it just shows the huge potential and possible big share price gains once KMD sort their **** out and maybe get lucky

This shows that retail business is a tough nut to crack ....better to avoid ...it's always too volatile for any long termer's comfort ...traders paradise

[winner69]

Respected value investment manager Alan Gray still thinks Kathmandu pretty good

Another 1% of company at A$0.91

Doesn’t pick losers