KMD - Kathmandu

[Rawz]

You must be getting your buy orders in

Book value $1.18 ……..for branded retailer ‘true value’ in excess of 2 bucks eh

During these troubled times i am basically only buying 'good news' companies. I.e. companies that are issuing guidance ahead of last year.

My top 3 buys are
FND.asx
TWR
2CC

[Rawz]

3m+ shares traded on the asx.

Old mate getting stuck in. Thank goodness there is a buyer to absorb the sell side

[nztx]

Rod to David ….this for real mate!!

Think Rod regretting getting involved ……doubt whether he’d want it now seeing its supposedly more than retailer ……just have to curse his bad luck and when he comes to cash out its worth more than today

Rod to David: Another Cash issue needed ? Count us out like last time round ?

Why don't you suckers pay more attention to the way I do things over here in Kiwiland ?

[Goob]

Some estimates made to figures below figures like FX, but:

FY17:
- Kathmandu Brand sales: ~$417m AUD
- MacPac sales: ~$75m AUD

Extrapolate 0% & -21.5% 1H24 growth for MacPac & Kathmandu respectively to FY24:
- Kathmandu Brand sales: ~$311m AUD
- MacPac sales: ~$216m AUD

Kathmandu is in reverse & MacPac taking tonnes of share.

[malreid]

When you walk into a store and the few other customers in the store are always concentrated around the sales and clearance racks, and that repeats in other stores that tells you something about the market perception of the value on offer. When customers are not only in but spread throughout the neighboring competitors stores, that tells you about the direction the business is headed.

[winner69]

As per Goob note above Kathmandu being killed by MacPac. Mountain Warehouse taking share from Kathmandu as well

No wonder KMD group performing badly …and Rip Curl and shoes not pulling them through

Kathmandu woes summed up in BusinessDesk article

This bit pretty damning

Coriolis director Morris blames execution for the decline, saying from reading the earnings reports that the company has identified the issues.

“There's nothing that's not fixable with Kathmandu,” he said.

“It's pretty straightforward to look and see what needs to be done, but in practice, it doesn't seem to be happening.”

https://businessdesk.co.nz/article/r...tdoor-retailer

[Filthy]

from Briscoes today "This year’s result includes $2.1 million (after tax) of dividends from the Group’s investment in KMD Brands Limited, matching the amount received for the same period last year." - so would expect divie to at least be held next Tuesday.

[nztx]

from Briscoes today "This year’s result includes $2.1 million (after tax) of dividends from the Group’s investment in KMD Brands Limited, matching the amount received for the same period last year." - so would expect divie to at least be held next Tuesday.

No those are past dividends Roddy will be referring to not necessarily ones if any ahead

Gez that SP trend looks sad ..

Gotta give it to Roddy man .. that staypower .. maybe he sees a small distant light no-one else has noticed
or doesn't like prospect of realised red seeping through

Maybe the turkeys over the way need another Roddy lesson "Do as I do" ?

[winner69]

So first half is a $9.7m LOSS

The Kathmandu brand/stores getting worse as time goes by ….almost beyond redemption I’d say


http://nzx-prod-s7fsd7f98s.s3-websit...176/415136.pdf

[Rawz]

Tough tough trading. And reading the outlook its more pain to come.

Writing was on the wall a long time ago so no surprises i guess.

Lucky Allan has been buying, giving punters a chance to exit