Thats a pretty somber result. I have had this on my watch list for last 12 months. Where does everyone think the bottom is. Is this a takeover target for Briscoes once and for all or any other retailer? I mean its there for the taking..
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Thats a pretty somber result. I have had this on my watch list for last 12 months. Where does everyone think the bottom is. Is this a takeover target for Briscoes once and for all or any other retailer? I mean its there for the taking..
I think the consumer weakness has a few more quarters to run... no hurry on this.
Big Allan's dip buying hasnt been working great in MPG and KMD.. Decent returns speak for themselves though, so presumably this does work out in the long run
Hold on, no mention of the record summer weather. Happy campers and outdoors punters buying up large.
6 months to January means August to January trading. I would have thought the majority of 'Winter' trading happens before August.
Charts from their preso re Kathmandu performance
Suppose they couldn’t say the brand is ‘munted’ ….killed by its competitors in Mountain Warehouse and Macpac
Sadly they don’t seem to know what to do but hope ….hope like hell it doesn’t get worse and then hope that things will get better
Beyond redemption
Shame Kathmandu has completely lost its way because Rip Curl going well …but Group profit (and share price) is always going to be ‘disappointing’ because of Kathmandu no matter how great Rip Curl get
Maybe time to come to do what WHS did to T7 and cast Kathmandu adrift ……somebody must think they are worth something.
buyers
Problem I have with KMD product is that it is so expensive, given Macpac price. This above anything should be where the Management should be looking at especially given the tough economic conditions we are in. They simply haven't read their own market well enough
KMD not even cash flow +ve
Operating Cash Flow (including leases) an outflow of $3m and then spent $15m on Capex
Cash Flow is seasonal but you’d expect better
O wonder no divie …would have had to borrow more lol
Capitain Kirk, we have a strong meltdown under way - time to call in more experienced operators
to see if they can offer a fix that the resident talent on a high screw can't seem to diagnose ? ;)
aye
but probably won't have much stock after last year(s) model have been discounted away and new season orders quite slim.
this CY probably the bottom of the cycle. the company has issues, and the cycle and its issues compound each other, but would have thought the business will fare better next yr
Directors buying. Love to see it.
There is some downside support imo if you assume Rip Curl is worth say $350m (they did pay a near top-of-the-cycle $370m in 2019). Would leave around $150-180m on debt-free basis for Kathmandu and Oboz but that doesn't include lease liabilities. Would still need to see Kathmandu recover for that but it's somewhat interesting