During these troubled times i am basically only buying 'good news' companies. I.e. companies that are issuing guidance ahead of last year.
My top 3 buys are
FND.asx
TWR
2CC
Printable View
3m+ shares traded on the asx.
Old mate getting stuck in. Thank goodness there is a buyer to absorb the sell side
Some estimates made to figures below figures like FX, but:
FY17:
- Kathmandu Brand sales: ~$417m AUD
- MacPac sales: ~$75m AUD
Extrapolate 0% & -21.5% 1H24 growth for MacPac & Kathmandu respectively to FY24:
- Kathmandu Brand sales: ~$311m AUD
- MacPac sales: ~$216m AUD
Kathmandu is in reverse & MacPac taking tonnes of share.
When you walk into a store and the few other customers in the store are always concentrated around the sales and clearance racks, and that repeats in other stores that tells you something about the market perception of the value on offer. When customers are not only in but spread throughout the neighboring competitors stores, that tells you about the direction the business is headed.
As per Goob note above Kathmandu being killed by MacPac. Mountain Warehouse taking share from Kathmandu as well
No wonder KMD group performing badly …and Rip Curl and shoes not pulling them through
Kathmandu woes summed up in BusinessDesk article
This bit pretty damning
Coriolis director Morris blames execution for the decline, saying from reading the earnings reports that the company has identified the issues.
“There's nothing that's not fixable with Kathmandu,” he said.
“It's pretty straightforward to look and see what needs to be done, but in practice, it doesn't seem to be happening.”
https://businessdesk.co.nz/article/r...tdoor-retailer
from Briscoes today "This year’s result includes $2.1 million (after tax) of dividends from the Group’s investment in KMD Brands Limited, matching the amount received for the same period last year." - so would expect divie to at least be held next Tuesday.
No those are past dividends Roddy will be referring to not necessarily ones if any ahead :)
Gez that SP trend looks sad ..
Gotta give it to Roddy man .. that staypower .. maybe he sees a small distant light no-one else has noticed
or doesn't like prospect of realised red seeping through :)
Maybe the turkeys over the way need another Roddy lesson "Do as I do" ? ;)
So first half is a $9.7m LOSS
The Kathmandu brand/stores getting worse as time goes by ….almost beyond redemption I’d say
http://nzx-prod-s7fsd7f98s.s3-websit...176/415136.pdf
Tough tough trading. And reading the outlook its more pain to come.
Writing was on the wall a long time ago so no surprises i guess.
Lucky Allan has been buying, giving punters a chance to exit