Corydoras

Management Integrity is very important to retailer which are already disadvantaged to insiders.

lbs

Firstly, you want to know if the management is honest. There is 101 ways for management to siphon money.
If the directors are proven dishonest, no amount of investment will make sense.

Secondly, if the directors are indeed honest, you want to check if you are overpaying for an investment. It seems like this company is able to generate around 20m of free cash flow. It is now priced at 280m

I think even without the prospect of growth, I would hesitate to call this an overpriced investment, although not a screaming bargain.

BTW, since when is a PE of 13.7 consider high? :|

cullypok

Reply to @lbs : With two of its most senior management staff under CAD and MAS probe, barely a year after IPO, it’s naivety or sheer stupidity at best. i wouldn’t touch it with a 10 foot pole, 13.7x PE or not.

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simonloo

Unless they can show they have "clean" up this mess, it would be rather hard to believe such things do not repeat again. I won't invest in kimly but i may trade in it.

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