Hi all. My latest column on my Substack, Just the Business this morning about KMD's Rip Curl hitting an own goal. The headline is:
KMD's Rip Curl joins the trans lobby in denigrating women
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Hi all. My latest column on my Substack, Just the Business this morning about KMD's Rip Curl hitting an own goal. The headline is:
KMD's Rip Curl joins the trans lobby in denigrating women
I was pondering this as I listened to Don Braid and wondered if there was a timing consideration. Sometimes being at the leading edge of the discussion brings more risk, but also greater societal benefit. I'm not sure when MFT started their sloganeering bu t it's hardly core business and comes with some degree of "worthiness" . https://www.rnz.co.nz/national/progr...ords-of-wisdom
KMD market cap down 40 million since that story broke
Old mate Allan bets on FBU and KMD not going so well.
But i guess that's part and parcel of being a contrarian investor
just looked up old mate Allans returns. Pretty good actually.
sadly doesnt paste well, but well into the low teens for most of the funds over short and long time periods
Allan has trimmed their holding http://nzx-prod-s7fsd7f98s.s3-websit...982/412322.pdf
Maybe doubling down on FBU......
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.