I agree with you, while others can debate what the CEO did 6 years ago, it is clear to this sell sentimenter that management have done a great job in difficult times.
The previous management wasted $100m cash without building a proper online operation (I believe they still ship from the shop floor rather than a distribution centre). That isn't King's fault.
if the lower inventory level is the way future (no need for increase in working capital) then there is no immediate issue and management can continue their rebuild.
i still won't buy but believers can be happy with the performance.
Ann: FY20 Results - Release and Presentation, page-53
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Last
63.5¢ |
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Mkt cap ! $528.2M | |||
| Open | High | Low | Value | Volume |
| 63.5¢ | 64.0¢ | 62.5¢ | $453.4K | 717.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 133755 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 64.0¢ | 56133 | 2 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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| 64.0¢ | 64.0¢ | 62.5¢ | 259294 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| MYR (ASX) Chart |