KMD - Kathmandu

[winner69]

Besides the latest disclosure they also sold 2 million odd between August and December 6th

I'd say good fundamental analysis led to tehm reducing their holdings .... but no doubt at soem cost .... but the 7% odd they have left will grow in value eh

So at the end of the day Kiwisaver investors are affected


At least not averaging down

[Corporate]

According to the market update, full year profit growth is still possible.

Is there really likely? If they could keep NPAT at $39m that would be a great achievement and leave KMD on a PE of 8.8 which is fairly attractive isn't it?

[percy]

I do not think it is likely as Xmas trading is such an important selling period for retailers.To move stock they will need to promote and cut margins which will affect profits.
That said I feel the market has over reacted.KMD brand is very strong and the company appears to be very well run.

[percy]

http://www.nzherald.co.nz/business/n...ectid=10775083

Good link.I think if I was a KMD shareholder I would be checking out Campbell Junor statements,and doing my own comparison of MacPac and KMD stores.If Macpac stores are better then sell KMD.

[CJ]

I have noticed Macpac setting up their own stores recently. They also seem to have quit a few sales on - not as much as KMD but more than end of summer/winter sales.

I am not an investor but if I was, it would be interesting to know if KMD manly sold cloths or a good mixture of equipment. If the later, I would expect the lead in to Winter to be big for them as people buy warm/wet weather gear. If camping equipment was a big component, then a slow period into Christmas would be seen as a very bad sign.

[Corporate]

I've had a look around three KMD stores during the Christmas period and I must say they seem dead. I really expected to see more people buying!

Compare this to JBHifi. The Willis street store today was manic! The line to the counter was longer than the girls toilets at a festival. TV's were being carried out of the store like i'd never seen!

[ratkin]

Katmandu dont seem to sell much serious gear. The rea;l hardcore adventurer people would buy from elsewhere.

I suspect Katmandu rely more on good weather than a good xmas. They need all the masses to go camping. When they first started up people flocked to their massive sales thinking they were getting a bargain. However the public soon saw through it and realised that most the sales were misleading

[Corporate]

Katmandu dont seem to sell much serious gear. The rea;l hardcore adventurer people would buy from elsewhere.

I suspect Katmandu rely more on good weather than a good xmas. They need all the masses to go camping. When they first started up people flocked to their massive sales thinking they were getting a bargain. However the public soon saw through it and realised that most the sales were misleading

Your right. I don't buy anything from KMD unless I'm getting 40-50% off. Which in reality is about 20% off..

[GTM 3442]

Your right. I don't buy anything from KMD unless I'm getting 40-50% off. Which in reality is about 20% off..

Yeah. I don't know anyone who admits to buying anything at Kathmandu unless it's at sale time.

[percy]

I could never see what the attraction was here. You've had two players, being Cameron and private equity squeeze all the value they think they can extract from KMD in the last 5 years. On top of that you have a retail environment which is soft plus increased competition in this leisure/outdoor market.

Not too mention that i think everyone has got their head around this "sale" business and that the retail price in KMD is a joke. THe sale price is the retail price and if you are dumb enough to buy there outside of the sales then you deserve whats coming.

looks as though KMD are running out of dumbies.!!!!!