Agree the MACD momentum is sharply positive.
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Agree the MACD momentum is sharply positive.
was reading back through some posts late last year Nov/Dec and the SP SMASHED through the 100day ma.
what happened?? Looks like its back below it now
Yes, Ageee..your right again winner. It was meant to be a light hearted joke.
What has happened? KMD seems favoured by quite a few…maybe needs a sales update to get some camping butane to like a fire into the share price?
Macpac reported H1 sales to December were 55% up on pcp
Hope KMD done better than this in Aust and NZ
That be good
$1 a bit of a magnet for KMD SP.
When is this big run kicking off? i love a good train ride.
Trading update on Monday maybe?
Here is your update Rawz.........looks pretty good
https://www.nzx.com/announcements/406617
MD Brands Limited (ASX/NZX: KMD, “KMD” or the “Company”) is pleased to provide the following trading update for the half year ended 31 January 2023 (“1H FY23”).
• 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
Inventory levels remain elevated, reflecting the decision to temporarily build stock positions to mitigate supply challenges and to support Oboz forward orderbook growth. Pleasingly, Kathmandu inventory is approximately $24 million lower than FY22, and the Group’s inventory balance is expected to normalise during the second half as purchase orders align to improved shipping timeframes.
The Group continues to benefit from a return to travel and international tourism through January, with Kathmandu sales strengthening +52% and Rip Curl continuing its growth trajectory at +19% for the month.
The Company intends to release its results for the 6 months ended 31 January 2023 on Wednesday, 22 March 2023, with a briefing session for investors and analysts to be held at 8:30am AEDT / 10:30am NZDT.
is it good?
it looks good. but SP only up 2% so now im not sure?
• 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
Looked good to me.
I tried to buy some at $1.09 limit.
Do not know if I bought any or not, as I have not received a contract note as yet.
Come on SP... this reminds me of the MHJ updates in 2021 when the numbers were so big that it was like the market didnt quite believe in it. Like if its too good to be true it probably is....
Percy- late last week i had a limit order at $1.04. didnt fill. then changed it to $1.05 yesterday. didnt fill. shame on me for trying to be cheap and save a cent or two. This morning i bought some at $1.10..............