4 questions lodged at 2025 Baby Bunting physical AGM
October 13, 2025
Below is the text of the 4 written questions submitted at the Baby Bunting physical AGM held on October 14, 2025, plus a summary of the answers and some video grabs via Twitter. See notice of meeting and voting results. Market cap was $431m on AGM day and stock has almost doubled since it released these full year results. Listen to the 43 minutes results call. No early proxy disclosure last year or extra voting data or protest votes.
Q1. We raised just over $50 million in the 2014 IPO at $1.40 per share and, 11 years on, it wasn't looking too flash with the stock trading at around $1.70 leading into the August full year results. What an amazing effort to see the stock almost double since the results, even causing an ASX price query. If we had our time again, would we do anything differently?
Answer: The chair... Watch video of exchange via Twitter.
Q2. What role if any do the founding Adelman family or the pre-float owners, TDM Asset Management, have in the business these days?
Answer: The chair... Watch video of exchange via Twitter.
Q3. Aussie Super sold almost 2m shares straight after we released the result at around $2.40 a share, reducing their stake from 12.14 to 10.74%. This was a bad move with the stock now at $3.17. What's going on? Also how do we handle our biggest shareholder HMC Capital, which owns just under 15%, which is currently worth about $65m. I've nominated for the board of HMC after seeing their dreadful performance with the stock crashing from $12.30 to $3.10 over the past 12 months. If I get elected, what should I tell them?
Answer: The chair... Watch video of exchange via Twitter.
Q4. We've got around 6,400 shareholders yet you require us to turn up in person at the AGM. Why?
Answer: The chair... Watch video of exchange via Twitter.
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