Much respected and successful value investor Alan Gray still buying at bargain prices
Probably can’t believe their good fortune
http://nzx-prod-s7fsd7f98s.s3-websit...824/392483.pdf
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Much respected and successful value investor Alan Gray still buying at bargain prices
Probably can’t believe their good fortune
http://nzx-prod-s7fsd7f98s.s3-websit...824/392483.pdf
One day KMD and MHJ will be $1.50 per share.. both great international retailers and both good buying close to a buck
Pretty good figures.....
https://www.nzx.com/announcements/411610
KMD Brands continues strong sales growth in Q3
KMD Brands Limited (ASX/NZX: KMD, “KMD” or the “Company”) is pleased to provide the following trading update for the quarter ending 30 April 2023 (Q3 FY23):
• Sales growth across all brands continued in Q3 FY23
• Gross margin remained resilient through the quarter
• The key fourth quarter (“Q4”) winter trading period for Kathmandu, and Northern Hemisphere summer for Rip Curl and Oboz remains
TOTAL SALES GROWTH
Q3 FY23 3 months Feb 23 to Apr 23
Rip Curl 7.9%
Kathmandu 11.3%
Oboz 120.3%
Group 15.6%
YTD FY23 9 months Aug 22 to Apr 23
Rip Curl 15.0%
Kathmandu 36.0%
Oboz 122.7%
Group 27.7%
Commenting on the Q3 trading update, Group CEO & Managing Director Michael Daly said:
“We are pleased to report that Rip Curl, Kathmandu, and Oboz have achieved another quarter of year-on-year sales growth. We now begin our key Kathmandu winter and Northern Hemisphere summer trading periods. The Group is well positioned to benefit from the return of international travel and tourism and is continuing to invest in the long-term international expansion of our brands.”
This announcement has been authorised for release to NZX / ASX by the Board of Directors of KMD Brands Limited.
- ENDS -
Must say I'm not normally a customer of Kathmandu - but got given a "friends & family voucher" from someone who works there.
Was recently going through Ashburton (not the branch where my friend works at) and used the voucher. The staff there were outstanding, super friendly and made for a great experience. Big ups to them. :)
True ... and I suppose you are not just referring to the figures of the surfers in the investor presentation :) ;
http://nzx-prod-s7fsd7f98s.s3-websit...610/394560.pdf
Some pretty cool pictures, even for people not interested in KMD's business, which is doing quite fine as well.
Nice update. My TA knowledge is limited but the chart is looking promising.
This is about to rocket
Well done holders
Alan Gray Group buying a few more....
http://nzx-prod-s7fsd7f98s.s3-websit...916/396330.pdf