KMD - KMD Brands

[Dona Ferentes]

Bought in, maybe a bit late, at 93c.

did well - closed 1.01

the Cap Raising @ 50c !!!

My daughter works there part time and there were queues a mile long of people trying to buy when they reopened Saturday.

" During April, Group online sales were 2.5 to 3 times higher than last year, with the highest growth rates in Australia, the Group’s largest market. Online sales growth strengthened over April as consumers adapted to online being their only available shopping channel."

In Australia, over recent days, most Kathmandu and Rip Curl stores in New South Wales and Queensland have reopened on a trial basis, with robust safety protocols in place. The majority of Australian Kathmandu and Rip Curl stores are expected to reopen by the end of this week.
Kathmandu and Rip Curl stores in New Zealand, North America, Europe, Brazil and Japan remain closed and will reopen as soon as Government directives in each jurisdiction allow.

 

[Clansman]

There is 2 obvious realities that are going to fall in Kathmandu's favour and both are important. Coming out of lockdown, first of all KMD is a desirable place to shop and just be. No less important is the fact that all this is going to coincide with the southern hemisphere winter and people and more importantly more people than usual are going to travel within their region only, and their going to need to be equipped to do it. The stars are aligning for them.

 

[Knobby22]

There is 2 obvious realities that are going to fall in Kathmandu's favour and both are important. Coming out of lockdown, first of all KMD is a desirable place to shop and just be. No less important is the fact that all this is going to coincide with the southern hemisphere winter and people and more importantly more people than usual are going to travel within their region only, and their going to need to be equipped to do it. The stars are aligning for them.

Been a good hold. I think they are in a strong position and maybe they can get their rents reduced also.

 

[Knobby22]

Katmandu chief quits to join public service.

Seems he wants to do something for public good and he a good fit for Austrade and so for Australia.
Probably good timing in reality, Need someone to bed in Ripcurl and a fresh CEO is good after 5 years.

 

[Knobby22]

Sold my shares today. Covid...no more need be said.

 

[debtfree]

Just a quick Weekly Chart update.

 

[finicky]

Haven't been following any fundamentals but looks to be a very positive chart.

 

[debtfree]

A few campers must have brought some supplies!

 

[Dona Ferentes]

bought a pair of Kathmandu sandals ... lasted for 7 years. The soles wore out.

second pair purchased 18 months ago, soles are still with tread, but the insole (leather) has fallen apart, and inner sole separated from the outsole . Went to complain and they said ' new factory '. Absolute overpriced rubbish.

 

[finicky]

No ASX announcement about your sandals, market'll shrug it off.

 

[Dona Ferentes]

Kathmandu is still around, after a near death experience. New management and a restructure

and repositioning

The $872 million camping chain Kathmandu listed on the ASX in November in 2009 at $1.90 per share but has since transformed into a company with three distinct brands: Kathmandu, US based Oboz hiking shoes and surf brand Rip Curl.

The new name and stripped back logo design , KMD Brands , has a fresh colour palette. The company worked with Icon Agency on the new design.

Chief executive Michael Daly said the new name reflects the heritage of the brand, while also taking it into the future where it is has lofty expectations of more than doubling sales to $NZ2 billion and lifting EBITDA margins to 15 per cent from 12.5 per cent within five years.

The Kathmandu brand is targeting international sales of $NZ100 million in the next five years and is looking to expand to Europe, Canada and then the US markets where it is relatively unknown and will go head to head with mega brands such as Patagonia and The North Face.

No ASX announcement about your sandals, market'll shrug it off.

PS.Thanks for your concern.

 

[System]

On March 18th, 2022, Kathmandu Holdings Limited changed its name to KMD Brands Limited.

 

[Dona Ferentes]

headwinds... (always someone else's fault).
.
KMD Brands has been affected by households discretionary spending amid higher interest rates and cost-of-living pressures.

Net profit fell slightly to $NZ36.6milion ($33.7 million) in the 12 months ended 31 July. Chief executive Michael Daly said economic indicators in all the group’s major markets pointed to weaker economies, which was playing out in consumer behaviour.

Shares have dropped more than 17 per cent in 2023.

 

[divs4ever]

headwinds... (always someone else's fault).
.
KMD Brands has been affected by households discretionary spending amid higher interest rates and cost-of-living pressures.

Net profit fell slightly to $NZ36.6milion ($33.7 million) in the 12 months ended 31 July. Chief executive Michael Daly said economic indicators in all the group’s major markets pointed to weaker economies, which was playing out in consumer behaviour.

Shares have dropped more than 17 per cent in 2023.

(i don't hold )

i would have thought KMD ( and rival Briscoes ) would have resisted better this trend on consumer discretionary spending

i would have thought ( apparently incorrectly ) 'adventure holidays ' ( and just plain camping trips and homelessness purchases ) would have trended up as consumers tried to reduce expenses on vacations ( of course there may have been a trend to grab a casual job during the annual vacation and other public holidays )

on the positive side at least NZ is admitting their economy is struggling ( unlike gas-lighters elsewhere )

 

[finicky]

Monthly chart looks worth a watch for the interested. Down near historical support except for the Covid low. Couple of interesting recent candles.
Priced at about 0.7 book value for a company that 5 years back I would have valued at 2x book. Might be a contrarian buy at some point in the face of struggling consumers.

Not Held

MONTHLY All Data

 

[finicky]

Now at 0.69

Not a seriously considered opinion, but looks like KMD is a stand aside after this - unless its other brands: Kathmandu and Oboz are firing. Don't follow.

Not Held

 

[finicky]

CALL TO BOYCOTT RIP CURL BECOMES ROAR AS SKATEBOARDER TAYLOR SILVERMAN JOINS RILEY GAINES IN SLAMMING ICONIC SURFING COMPANY​

Call to boycott Rip Curl becomes roar as skateboarder Taylor Silverman joins Riley Gaines in slamming iconic surfing company

"Six months from now Rip Curl announces it's laying off half of its staff. Rip Curl could not have made their contempt for women clearer."

beachgrit.com

​

 

[finicky]

Now 0.64
Broke local support on high negative volume
(previous red high vol bar can be ignored - arbitrary, not real neg vol)
Whoever came up with the woke advertising campaign . .

DAILY

 

[Garpal Gumnut]

CALL TO BOYCOTT RIP CURL BECOMES ROAR AS SKATEBOARDER TAYLOR SILVERMAN JOINS RILEY GAINES IN SLAMMING ICONIC SURFING COMPANY​

Call to boycott Rip Curl becomes roar as skateboarder Taylor Silverman joins Riley Gaines in slamming iconic surfing company

"Six months from now Rip Curl announces it's laying off half of its staff. Rip Curl could not have made their contempt for women clearer."

beachgrit.com

​

Rip Curl is toast, @finicky.

In another existence I support JK Rowling of Harry Potter fame and her friends and supporters in her promotion of women over men in the 21st female gender space. I can assure you that Rip Curl is absolute toast. And all who sail in her/them.

From David Bowie. who managed his sexuality much better than those/them/they at Rip Curl HQ.



gg

 

[Dona Ferentes]

KMD shares crumble to all-time low as weather wreaks havoc on sales​

Unseasonably warm weather hurt sales of puffer jackets at Kathmandu, compounding an already weak consumer environment.
.
 NH