KMD - Kathmandu

[Master98]

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

lol he is not GOD.

[couta1]

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

Will sit this one out besides winter is nearly upon us so will soon be time to get out my high quality Kathmandu ski suit and hit the slopes. PS- Praying for a harsh winter

[Master98]

Will sit this one out besides winter is nearly upon us so will soon be time to get out my high quality Kathmandu ski suit and hit the slopes. PS- Praying for a harsh winter

good on you mate, I sold mine at $2.0 with loss, won't back in the near future.

[neyney2010]

Don't know why I keep buying crap stocks. Hope you're right couta1.

[TheHunter]

Don't know why I keep buying crap stocks. Hope you're right couta1.

Crap stock? Or just bargain prices?

[Baa_Baa]

Crap stock? Or just bargain prices?

ASX close suggests a follow on down tomorrow, close A$1.375

[mayday]

Crap stock? Or just bargain prices?

may be just another ppl

[TheHunter]

ASX close suggests a follow on down tomorrow, close A$1.375

A$1.375 = NZ$1.41, but could always still go down.

[winner69]

Somebody asked what did the financials actually say.

Comparing H114 to H115 profit before tax is down $16.8m, like $15.0m last year to a loss of $1.8m this year. How come?

Well they did sell quite a lot more. Positive impact $7.5m. Good

Gross margin down 4.6% points from extra discounting and getting rid of excessive stock. Negative impact $8.3m Really bad

More stores more rent. Net increase in rents $3.5m. Part of growth strategy but not matched by increased sales.

More stores and growth probably contributed to increasee in Other Selling Expenses of $6.5m. Not really that good.

Don't know what caused this but Admin and General Expenses were up $6.2m. Doesn't look like things are under control does it.

Put all that together and that's why npbt was $16.8m down on last year.

Store expansion costing heaps but not resulting in increased sales and margins really under pressure. Surely these factors are going to come through H215 as well. A busier half and if things are not quite as bad as H1 I will stick to my $10m to $15m FY15 forecast. But things have to get better eh and this doesn't support a divie anywhere near last years level.

Man on radio said same store sales down last couple of months. Makes that chart I highlighted yesterday even more ominous. Something fundamentally wrong.

[Beagle]

Very good analysis there W69.
It seems to me that they need a major restructure / efficiency review. Time for some of the fat cat exec's to take a serious haircut with their bloated salaries / perks ?
I completely agree that there seems to be systemic issues within this company.