Ann: KMD Trading update and FY18 1H profit guidance, page-15

So they're going to purchase a business that might be profitable... we have a low EBITDA number. Take on a silly amount of debt and dilute shareholders. All this to add very little value to the business and any profit might be offset by interest payments.

This acquisition makes no sense to me.

Wow another silly overseas acquisition from a business that could easily torch a bunch of money. They might be underestimating how hard it is to make acquisitions overseas and how much of a distraction it can become when things aren't working. We have seen this so many times from other businesses. The annoying part of this is that I like the underlying business and would be happy to purchase at the right price. I will wait and see how this plays out.

Can anyone make any sense of this acquisition?