KMD 1.23% 41.0¢ kmd brands limited

frozensage,I have sold yesterday at $1.13 PS as i felt that they...

  1. 3,121 Posts.
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    frozensage,
    I have sold yesterday at $1.13 PS as i felt that they are behind the eight ball with their online sale and distribution compared to AX1 and SSG.
    I was at an airport two weeks ago and the flight was delayed by an hour so had a coffee and watched what traffic went into the Rip Curl outlet.
    The only customer they had in the two hours i spent waiting for my flight was my wife.
    I am concerned re their timing of the Rip Curl acquisition taking into account the Covid situation overseas and i would assume that they have sales outlets in most airports around the world.
    Unfortunately the company could not foresee the Covid-19 outbreak when they bought Rip Curl.
    They are my reasons for selling, but i will definitely keep KMD on my watch list and when they return to once again paying dividends buy back in.
    Good luck with your holdings.
    Dapper

 
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Last trade - 16.10pm 07/06/2024 (20 minute delay) ?
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