He gave a reason for selling the stake at $3, it was due to institutional pressure as free float was too tiny.
Not sure if u still followed the company after that but he continued to sell another stake together with DS at $4.25 this time to an overseas (American if I’m not mistaken) institutional investor, again due to them complaining that there wasn’t enough free float for them to buy a meaningful stake on the market.
Ann: Kogan.com 1HFY18 Results Presentation, page-25
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KGN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.15 |
Change
-0.060(1.15%) |
Mkt cap ! $519.8M | |||
| Open | High | Low | Value | Volume |
| $5.23 | $5.23 | $5.09 | $2.249M | 438.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4357 | $5.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.16 | 6000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| KGN (ASX) Chart |