Another day, another discretionary retailer saying customers are no longer coming.
Adairs, Godfreys, Booktopia, Lovisa, Super Cheap Auto, The Reject shop, Bapcor, City Chic, Kathmandu, Mosaic Brands... the hits keep coming. Even the best-in-breed, defensive consumer facing businesses such as Bunnings and Officeworks have stalled.
Most investors in the stock market - those under the age of, say, 45 years of age - have not known anything but free money sloshing through the economy and into households.
The retail sector demand-shock isn't going to be a short-lived phenomenon.
Many retail models - which were set up like the good times would last forever - are going to cease to exist.
Last time I looked this business had close to $400m in debt and leases, all having to be supported by just $50m in EBITDA (or ~$30m in EBIT, ex-lease depreciation).
The financial gearing level is intense.
Clearly, that's not great position even during the good times, but its certainly not a sustainable situation if the retail sector doldrums are not short-lived.
.
- Forums
- ASX - By Stock
- Ann: KMD Brands Trading Update
Another day, another discretionary retailer saying customers are...
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KMD (ASX) to my watchlist
(20min delay)
|
|||||
Last
33.5¢ |
Change
-0.010(2.90%) |
Mkt cap ! $238.4M |
Open | High | Low | Value | Volume |
34.5¢ | 34.5¢ | 33.0¢ | $50.51K | 150.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 56493 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 6849 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 56493 | 0.330 |
6 | 135842 | 0.325 |
11 | 344134 | 0.320 |
4 | 108197 | 0.315 |
7 | 201258 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 6849 | 1 |
0.345 | 15734 | 2 |
0.350 | 365 | 1 |
0.355 | 12800 | 3 |
0.360 | 40956 | 1 |
Last trade - 15.56pm 10/07/2024 (20 minute delay) ? |
Featured News
KMD (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online