These results are roughly inline with my unprofessional expectations; 9.7% rev growth (which is still lower than it should be) and some dilution of the cost increases from the disastrous Q1 update. That said it seems the market has very low expectations and KGN has been rewarded for side stepping complete catastrophe.
I still hold management in low regard and I'm only holding because of the rising tide of e-commerce, it would take a lot for KGN to disappoint any more than it already has.
Let's see if Rusty offloads some more after today's announcement, I'm sure he would if the SP wasn't already completely in the toilet.
Ann: January 2019 Business Update, page-2
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Last
$5.12 |
Change
0.040(0.79%) |
Mkt cap ! $516.8M | |||
| Open | High | Low | Value | Volume |
| $5.08 | $5.15 | $5.07 | $1.333M | 261.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2388 | $5.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.14 | 12654 | 3 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| KGN (ASX) Chart |