KMD - Kathmandu

[TheHunter]

They just need to sort out their leadership team and get some stability going forward.

The new CEO - Xavier Simonet stepping in should help with this.

[Beagle]

The final divvy later in the year is the bigger one so that will probably get a good haircut if sales don't improve very much doubt there will be any rights issue, remember this could all turn around quickly with good winter sales over the upcoming months unfortunately no one except God himself is able to give us an answer on that one. Disc-Holding

Looks like Fishing Camping and Outdoors are closing down ? or is this just a creative sales pitch and they're moving online only, don't know ?
But if correct and they are closing their 13 retails stores this might help KMD shareholders a bit. That said it looks like sales in Aussie where they have most of their stores are still soft for KMD and all the signs are there that conditions will remain challenging for retail in Australia. Plenty of risk left in this puppy IMHO.
http://www.fco.co.nz/#PR_ONSALE

Bottom line is that although this result was within previously indicated guidelines the market doesn't like it and the stock is now down quite significantly (circa 8.5% at time of this amended comment). The market appears to have been wanting to see a clearly articulated / revised strategy to meet changing retail conditions. Maybe Mr market expected a cessation to the store roll-out until profitability has been restored ?

[winner69]

You need to keep in mind that over the last four years 58% of Revenue and 77% of EPS have been obtained in H2 of the financial year. The products they sell in the winter season are higher margin and they have less competitors that can provide the quality products KMD makes, it is almost a different market in many ways.

It is not all bad. Operating cash, although negative, is up on last year and they still have pretty good profitability over the last 12 months. Their earnings yield is not as attractive as it once was. But the business still looks pretty good.

They just need to sort out their leadership team and get some stability going forward.

One hopes at this year more than 100% of earnings comes in H2

[winner69]

This slide from their presentation suggests that it isn't just this half year being the problem

Wow look at that declining same store growth chart I have circled. Suggests something fundamentally wrong /not working

At least it is still positive but with declining margins doesn't paint a healthy picture. No wonder the share price has taken another dive today

The new leader has an enormous task ..... good luck to him, he needs it methinks

[Wallace D]

This slide from their presentation suggests that it isn't just this half year being the problem

Wow look at that declining same store growth chart I have circled. Suggests something fundamentally wrong /not working

At least it is still positive but with declining margins doesn't paint a healthy picture. No wonder the share price has taken another dive today

The new leader has an enormous task ..... good luck to him, he needs it methinks

Hi Winner, the thing that jumped out at me in the HY report, was they stated that: our Xmas trading and sales through January did not produce the sales we expected, our analysis tells us that contributing factors included, "promotional campaigns did not drive the expected foot traffic".

My concern it that they also say their 2016 focus in on increasing on-line sales, a valid part of the business, but with most retailers still stating about 95% of revenues still come from inshore sales, this is no golden egg?

Mobile-centric marketing and increased personalization is the way big retailers are going. The demographic of KMD's customer's would probably suit the products Vmob has to offer, as shareholders it may be worth mentioning.

Wallace D (not Holding, but monitoring)

[TheHunter]

Looks like Fishing Camping and Outdoors are closing down ? or is this just a creative sales pitch and they're moving online only, don't know ?
But if correct and they are closing their 13 retails stores this might help KMD shareholders a bit. That said it looks like sales in Aussie where they have most of their stores are still soft for KMD and all the signs are there that conditions will remain challenging for retail in Australia. Plenty of risk left in this puppy IMHO.
http://www.fco.co.nz/#PR_ONSALE

They are closing all 13 NZ stores, as previously posted:

http://www.nzherald.co.nz/business/n...ectid=11404628

[GoldenStag]

12.4% drop today. A bit of a bigger drop than I expected.

[couta1]

12.4% drop today. A bit of a bigger drop than I expected.

You shouldn't be surprised after all your dealing with a schizophrenic market which can be trusted about as much as an angry bull in a China shop. ( Just more nervous Nellie's being shaken out)

[JayRiggs]

She'll be right. Mr Xavier Simonet's extensive experience with women's handbags will add a much needed feminine touch to Kathmandu and bring more ladies to the shops.

disc: holding

[Master98]

The final divvy later in the year is the bigger one so that will probably get a good haircut if sales don't improve very much doubt there will be any rights issue, remember this could all turn around quickly with good winter sales over the upcoming months unfortunately no one except God himself is able to give us an answer on that one. Disc-Holding

surprised me you still hold this stock, should cut your loss as early as can.