KMD Kathmandu Brands

[winner (n)]

Agree Winner. 2023 will be the year.  Im picking SP should rerate on next results.

My only retail stock. 

Chart looking good on the MA100 - that MA100 line went below the share price line rather than the share price line going above the 100MA line - whether that means anything or not no idea

[winner (n)]

so Forbar might publicly include KMD in their Brokers Tips for 2023 in the Herald thing

Hope some other broker puts it in as well - that will see a lot of buying over the holiday break .... mums and dads love including Brokers Tips in their portfolios -esp when they do their annual review and throw out the losers etc etc

[Hectorplains]

Allan Gray disclosure this morning.  Grabbed another 1.1 percent.  That's a vote of confidence not just in KMD but retail more broadly.

[winner (n)]

Allan Gray disclosure this morning.  Grabbed another 1.1 percent.  That's a vote of confidence not just in KMD but retail more broadly.

Alan Gray a much respected 'value' investor

Sous out the bargains

Good stuff

[Shareguy]

Alan Gray a much respected 'value' investor

Sous out the bargains

Good stuff

Good to see he is still buying.  I also have been adding and now have enough.

[Waltzing]

quess work?.... warmer winter in europe .... they could be right... late start to summer down under...

[winner (n)]

Macpac reported H1 sales to December were 55% up on pcp

Hope KMD done better than this in Aust and NZ ...after all they said in November they were 106% up for the first part of the year

That be good

[winner (n)]

Pretty good update

All on track to get that share price moving up

Craig's said $1.75 last year ...target probably less now ...maybe $1.50

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KMD/406617/388469.pdf

[lorraina]

• Sales momentum has continued in Q2, resulting in record first half sales
• Group total sales for 1H FY23 (unaudited) are expected to be approximately $546 million, an increase of +34% above 1H FY22, with particularly positive trading in Australia.
o Kathmandu sales recovery continues, with total sales +51% above 1H FY22, reflecting a return of travel and tourist-related spend
o Oboz first half sales have rebounded from COVID-related supply constraints last year, growing +124%
o Rip Curl total sales have grown +18%, with strong growth in direct-to-consumer sales, while maintaining wholesale sales levels following strong growth last year
• Group gross margin remains resilient overall, with improved gross margin for the Kathmandu brand
• Underlying 1H FY23 EBITDA(1) is expected to be approximately $45 million, cycling $10.2 million EBITDA in 1H FY22, which included $5.1 million of one-off COVID assistance

I was very surprised at the result.
I bought a few at $1.09.
BP is right..

[Waltzing]

 looks pretty good going. share up already.

[winner (n)]

looks pretty good going. share up already.

That'll make BP happy

[Waltzing]

no mention of NPAT though WInner() .....

that underlying ----- the junk removed re leasing right?

any other junk in the PL removed?

havnt had time to look. we hace just gone through a monster OOP implementation and complete change of how our software woks along..... mean works...OOOPPS..

OOP stands for ...https://en.wikipedia.org/wiki/Object-oriented_programming

[Shareguy]

Good but not good enough. Would not use 2022 1H as comparison.

Craig's said this morning that todays announcement has missed their analysts forecast of $65m ebitda.  2021 1H was $48m ebitda.

 

[Fiordland Moose]

aye shareguy I saw the same excerpt but they still regarded it positively with continued momentum in quarterly revenue and gp margins holding up - but the issue was with the CODB costs they had forecast vs what transpired. it's pretty bloody difficult to forecast anything using pcp comps at the moment - trying to remember where was the previous lockdown, what sort of covid support did they have - so pretty easy to get the base wrong let alone what inflation rate to roll them forward by.

I dont see the miss to forecast as overly consequential as the market never believe the $65m and its more the direction of the step up in activity rather than how close it got to consensus.

[Waltzing]

and here come the sellers... lots of shares hanging over from the cap raise... dump into the good news...right got it understood...

craigs covering their ass.... spoke to a local craig team member over drinks one evening in hamilton a few years ago and he said... dont put your money with us.

They do do a nice published market presentation or used to.

at least KMD is back selling and did not go belly up.