KMD - KMD Brands

Dona Ferentes said:

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.
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40 cents now. Ouch! But getting interesting. I'd imagine there's got to be a write-off coming on their massive intangibles on the balance sheet.

Cashflows from the latest half (~42 million) couldn't cover leases (~45 million). They might be able to play around with inventory for a better half, but I don't see anything major changing. We don't have results in from this half, but as the saying goes... go woke go broke... 99% of the world is sick of the constant promotion of trannies in everything as they statistically represent a miniscule portion of society. This did nothing good for RipCurl or the brand and who knows if it ultimately cost them anything significant or just a few days of low sales.

Have not bought anything at Katmandu for a few years now. It feels like they are stocking more 'kmart/target' type junk goods and not genuine outdoor goods. The diversity in cloths has dropped or at least the selections in Perth and their prices are not justified. Not to mention they closed their shop in the CBD. With most of the main outdoor brands being owned by conglomerates and quality plummeting I think there is a major void in the market for good stuff - KMD should add high quality non-Kathmandu gear to their stores. The brand simply is not well regarded (anymore? was it ever?) a lot of the good independent US and European brands are hard to find in Australia - so by adding some quality gear they should attract a few shoppers back to their stores.

They'll never grow anything outside of Australia with regards to outdoors. Maybe the surfing gear but not outdoor gear.

Looking at a weekly chart no signs of an interim low or a bottom that I can see yet.
Some positive momentum divergence but that's not enough to go on by itself. Closed the week almost on its low with increased volume. Still a stand aside stock apparently.

Not Held

WEEKLY

This chart of KMD reminds of their recent TV add where three people are hanging off a cliff while holding a KMD branded jacket. The jacket maybe strong but the share price is very weak.