Good morning Everyone,
I have jumped on board as a shareholder this morning. I feel the fundamentals of this company are good.
I have been scratching my head wondering what the market is seeing that I can't... it may take 12-18 months but I believe the company will be back over $3 once the dust settles, (even if you factor in the share dilution from the capital raising earlier in the year). The Rip Curl acquisition is the wild card which could also deliver some additional benefits.
They are sitting on a massive pile of cash in the bank so they have tools at their disposal to wear any short/medium term curve balls on a macroeconomic level.
As a value/longer term investor it looks pretty solid to me.
Ann: 2020 Annual Shareholders Meeting Presentation, page-5
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Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $320.2M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.0¢ | 44.5¢ | $143.5K | 320.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 27431 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 2100 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| KMD (ASX) Chart |