ING, MP1, CKF etc... Good FY24 numbers but cautious FY25 guidance. KLS is not the first one to get this, this reporting season.
KLS specifically, the FY25 capex, depreciation and interest expense looks inflated. Short term pain for LT gain. You have to put back into the business to grow.
Once Henny Penny's and Chicken little's have stopped running around like headless chooks. The SP will go on a mini recovery. MP1 is proof of that today. LT company needs to exceed guidance to get out of the -20%ish hole today.
No rush but I'll make sure to buy a little bit more. There are clear cut supports on the TA for KLS.
KLS Price at posting:
$3.93 Sentiment: Hold Disclosure: Held
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