Now that KCN sp is in the $3 and I suppose a market cap in the $500 million's range the real problem will raise it's head.
That is, there is the prospect of KCN losing an ASX S&P 200 listing. So some Institutional investors will no longer be buying in as it is not in their mandate.
The board in all seriousness will have to be rolled for allowing embrassing decisions to be made in purchasing assets on their high, especially to one that Gavin was a director of!
How on Earth are management going to fund these prospects, now that even the sophisticated investors have been burnt.
The difference between an investor an an sophisticated is that sophisticated have more money to risk/lose.
If we don't get a Dividend this time around it will be in the low $3!
profit accumulating, page-9
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Last
$1.52 |
Change
-0.020(1.30%) |
Mkt cap ! $390.4M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.54 | $1.49 | $991.3K | 656.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2369 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 3601 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |