KMD - Kathmandu

[moimoi]

$1.8m off market transfer gone through at 44 cents.

44 cents, can you believe it!

Worth a look....?

[Filthy]

trading update came on the 18th of this month last year.... so should be due one soon.

wonder if the cold weather in NZ has helped sell a few more jackets.

reckon there could be more upside than downside from here (for those willing to take a punt).

[winner69]

They using Liam Lawson to promote the new gear

[Filthy]

They using Liam Lawson to promote the new gear

https://stoppress.co.nz/news/kathman...r-liam-lawson/

yeah, so it seems. pretty cool eh. F1 cool again since drive to survive came out on netflix. hopefully he can pick up a spare F1 seat soon, maybe next year.

new jacket style actually looks a little like the barbour jackets (which are popular in the UK).

shows they are pivoting. might be one of the new innovative products referred too in the H1 outlook statement:

OutlookFirst half sales trends have improved for all three brands as they begin the second half year.Group sales for February 2024 were -3.5% below last year, noting that February is not asignificant trading month.Commenting on the outlook for the Group, Mr Daly said:“In the second half the Group will be cycling less challenging sales performance last year,particularly Kathmandu in the fourth quarter.”“Improving Kathmandu sales performance is our immediate priority as we approach the keywinter trading period. We expect to see progress in the second half and into FY25 as welaunch new innovative products, quick to market programmes, elevated visualmerchandising, increased personalisation through the recently released “Out ThereRewards” and an expanded third-party brand strategy.”“We expect the wholesale customer inventory reduction cycle to end this financial year,giving us a more positive FY25 outlook in the wholesale channel for both Rip Curl and Oboz.”“We believe that with our portfolio of iconic global outdoor brands and leadership insustainability, we remain a unique investment proposition and well-placed for the future.”

[malreid]

I wasn't aware that they are now offering Rip Curl. Oboz yes because I just bought a new pair of boots. However I made that purchase from the competition across the way which not only offered a wider range and better pricing, but were far more helpful (no assistance at all from the KMD staff...). Not sure if expanding their range to include other brands is a good thing or not. Takes them away from being proudly brand specific which is what laid the foundation for the business to more directly competing with MacPac and Bivouac which makes price point for their own product even more important when it sits directly alongside an alternative on the shelf.

In my neck of the woods it's also that time when new migrants from warmer climes begin to build their winter wardrobe. Local MacPac store is busy, larger KMD in the same mall and even larger one 10 mins away not so busy and and foot traffic seems to head straight to clearance items. It would be interesting to know what percentage of stock gets shifted at full ticket price and clearance price across the market.

[Filthy]

any idea why this has come through? https://www.nzx.com/announcements/431603

[kiwical]

From what I can see, of the rule itself, every company has to do this every year.

1.15.3 An entity admitted as an ASX Foreign Exempt Listing must continue to comply with
the listing rules (or their equivalent) of its + overseas home exchange. By no later than
the lodgement of its full year accounts with ASX in each year, the entity must give
ASX, for release to the market, a statement that it continues to comply with those
rules.
Introduced 01/07/96 Origin: Listing Rule 1B(3) Amended 30/09/01, 08/09/15

[Filthy]

From what I can see, of the rule itself, every company has to do this every year.

thanks kiwi!

[Filthy]

https://www.nzx.com/announcements/431807 - Directors still buying. & the cold weather keeps coming....

[Rawz]

https://www.nzx.com/announcements/431807 - Directors still buying. & the cold weather keeps coming....

Good on that director. Holds 1.1m shares. Way to back your horse.