Alan Gray’s notice of more shares in FBU prob out tomorrow …takes a few more dollars to get 1%
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a trading update came this time last year & usually in the 1st or 2nd week of Feb, so might be due some more news soon.
approaching Covid lows. wonder if 'ld mate Rod might be interested again. Could get at a huge discount to the NZ$1.80 offered in 2015.
since then.... the BGP SP has about doubled and KMD has about halved. so they could do with a bit of Rod magic.
https://www.nzx.com/announcements/426457
Diabolical update
So pre IFRS16 EBITDA of $~15m. that's a 67% fall from the $45m (same basis) they achieved last year. After PP&E depreciation etc not going to be much NPAT produced at the bottom line for the first half.
Breakeven first half at best I reckon
Muse said diabolical …agree
Rip Curl didn’t have a good last 2 months
Time for Captain Kirk to go?
Old mate Allan Grey not very good on his timing with buying up big on KMD and FBU.
No doubt still come out with a tidy profit once the true value of these companies are realised in a few years time.