Forum Topics KOV KOV KOV valuation

Pinned valuation:

Valuation deleted

Bear77
Added 9 months ago

I worked for Korvest in their EzyStrut division on Prospect Rd, Kilburn, here in Adelaide, for about 3 months between working for FH Faulding and Coke, so almost 20 years ago @SudMav - and you're right, far from a sexy business, and the pay was low, however they did have an enterprise agreement, which most companies tend to do, and by the sound of it they have agreed to give their workers a decent pay rise recently since they're calling out employee expenses as one reason for some margin compression, although you'd hope they could claw that back through price increases since they don't have a lot of competition in that segment as I understand it, and their cable trays are generally considered to be pretty good in terms of quality and durability, they're welded properly, mostly by robots, then they galvanise them all themselves.

Wait a sec, didn't I already share this with you, that I once worked for them...

Yep, I did - 5 months ago: https://strawman.com/forums/topic/9703

Ah well, interesting about the margin compression.

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PortfolioPlus
Added 9 months ago

I agree, not a sexy biz, and never likely to be a market leader. But a solid performer that will go the distance in any economic climate and the ff divs will ensure the SMSF fraternity (and I’m one) can afford a juicy steak or two rather than mince or worse, Pal dog food.

Hey Bear, currently in your home town enjoying Writers Week & the Fringe festival…not to mention the wine tours…thank you KOV, GNC & SXE.

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SudMav
Added 9 months ago

Enjoy @PortfolioPlus - SA is such an amazing place to live and the wineries are great!

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SudMav
Added 8 months ago

@Strawman - Not sure if you have tried to in the past, but would it be possible to reach out to Chris Hartwig to see if he would be keen to have a chat about KOV?

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