The rationale for buying back approximately 200 million shares (or fewer) is that it could lead to a significant increase in share price and pave the way for an ASX200 listing. Moreover, repurchasing fifty-eight million shares over a span of four years would make KCN a 1.4 billion dollar company, this is achievable.
180,000,000 / 200,000,000 = .90cps earnings /pa x a PE of 8 = $7.20per share (though a multiple of 8 feels a bit high)
$5.60 x 2%Y = .11cps
$7.20 x 2%Y = .14cps dividend per year and that is a very conservative amount wouldn't you agree @Ciao!
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Last
$2.37 |
Change
-0.040(1.66%) |
Mkt cap ! $610.8M | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.41 | $2.35 | $2.263M | 954.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7454 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 7620 | 1 |
View Market Depth
| Last trade - 16.10pm 02/07/2025 (20 minute delay) ? |
| KCN (ASX) Chart |