I am not disputing the results (albeit on the backbone of a tragedy because before that they could not make a 1 cent profit !), I am just saying that the management does not appear to know how to message out great results, pays div instead of developing the business etc . They ask the investors to stay with them but for what? 3 cents div?
Investors (like you I'm assuming) waited for 3 months just for a slim 1-2% profit (June 1st SP=2.48) ... why would one not invest in KGN and make 120% in 3 months? (happy to have done that)
Great results should be reflected in great SP appreciation..... if not, smth is not right. And for that the mngmt is to blame.
--> my messaging would have been: "for FY21 we are expecting a (say) 30% , 40%? ..etc (or more) revenue growth and due to market dynamics, we will be in the position to firm up this guidance after Q1 results".
as a CEO you need to provide figures not feelings. what I heard was "I think we'll be making more money"... really???
Growth stocks (like ZNO) only thrive on (results + guidance), TOGETHER.
Trade well and stay safe.
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2.8¢ |
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Mkt cap ! $9.889M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.7¢ | $12.79K | 461K |
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4 | 198000 | 0.025 |
4 | 185920 | 0.024 |
3 | 370000 | 0.023 |
2 | 145450 | 0.022 |
Price($) | Vol. | No. |
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0.030 | 133333 | 2 |
0.031 | 101391 | 2 |
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