KMD - Kathmandu

[Greekwatchdog]

Thats a pretty somber result. I have had this on my watch list for last 12 months. Where does everyone think the bottom is. Is this a takeover target for Briscoes once and for all or any other retailer? I mean its there for the taking..

[Leemsip]

I think the consumer weakness has a few more quarters to run... no hurry on this.

Big Allan's dip buying hasnt been working great in MPG and KMD.. Decent returns speak for themselves though, so presumably this does work out in the long run

[Rawz]

Thats a pretty somber result. I have had this on my watch list for last 12 months. Where does everyone think the bottom is. Is this a takeover target for Briscoes once and for all or any other retailer? I mean its there for the taking..

IMO all retail is stuffed until rates come down. Cant see KMD having a strong winter trading.

SP is in a major downtrend. Why bother trying to catch a falling knife

[Greekwatchdog]

IMO all retail is stuffed until rates come down. Cant see KMD having a strong winter trading.

SP is in a major downtrend. Why bother trying to catch a falling knife

Agree with you in that. KMD needs a damn cold winter in NZ and Aust

[Toddy]

Hold on, no mention of the record summer weather. Happy campers and outdoors punters buying up large.

6 months to January means August to January trading. I would have thought the majority of 'Winter' trading happens before August.

[winner69]

Charts from their preso re Kathmandu performance

Suppose they couldn’t say the brand is ‘munted’ ….killed by its competitors in Mountain Warehouse and Macpac

Sadly they don’t seem to know what to do but hope ….hope like hell it doesn’t get worse and then hope that things will get better

Beyond redemption

[Entrep]

Agree with you in that. KMD needs a damn cold winter in NZ and Aust

Feeling pretty chilly this morning in Auckland...

[winner69]

Shame Kathmandu has completely lost its way because Rip Curl going well …but Group profit (and share price) is always going to be ‘disappointing’ because of Kathmandu no matter how great Rip Curl get

Maybe time to come to do what WHS did to T7 and cast Kathmandu adrift ……somebody must think they are worth something.
buyers

[Greekwatchdog]

Problem I have with KMD product is that it is so expensive, given Macpac price. This above anything should be where the Management should be looking at especially given the tough economic conditions we are in. They simply haven't read their own market well enough

[winner69]

KMD not even cash flow +ve

Operating Cash Flow (including leases) an outflow of $3m and then spent $15m on Capex

Cash Flow is seasonal but you’d expect better

O wonder no divie …would have had to borrow more lol