Agreed St% 14.3.3, RSI hovering around 40. VIX and offshore markets showing more positive signs. KMD SP buying opportunity for a comfortable 10% gain once breaks through resistance 1.11/1.12
Its only a matter of time BP, KMS sitting at current SP has found its floor, only one way for this stock to go here forth, pretty sure bet holding or entering at this current level low teens.
Seems a bit stuck in a traders holding pattern, buying selling 1.09 -1.12, making a few % on the minor swing movements and repeating. Need a break through of this level to move past this pattern then will be some more solid gains on the way back up..
FY22 key highlights (vs FY21): • Group sales up 6.2% to $979.8 million, a record for KMD Brands
o Continued growth in Rip Curl sales, highest-ever Kathmandu sales in Q4, and record order demand for Oboz products
• Gross margin maintained at 58.9% despite input cost pressure
• Underlying EBITDA of $92.0 million reflects the impact of Q1 Australasian lockdowns and Oboz supply chain COVID disruption
o Record second half Group sales and underlying EBITDA
• Statutory NPAT of $36.8 million; Underlying NPAT(1) of $36.2 million
• Strong balance sheet position supports investment in organic brand growth
• Final dividend of 3 cents per share (fully franked for Australian shareholders); total FY22 dividend of 6 cents per share represents a record $42.5 million dividends declared in FY22
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