KCN appears to be cleaning out the head office, with staff beyond the executives also going.
This usually only happens when a company is experiencing cash flow issues.
The non-core assets must be bleeding too much cash.
Chatree is a great asset, but taking money off the table on KCN. I expect it to continue to be sold off as word gets around.
Is the market fully informed????
is the market fully informed?? head office being cleaned out
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Last
$1.61 |
Change
0.055(3.55%) |
Mkt cap ! $413.6M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.61 | $1.55 | $1.070M | 679.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 3694 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |