Buybacks end badly for non-producers. Without an ability to generate on-going cash, the positive benefits of buy buys are short lived. Raising cash via cap raising sometimes require a discount to shareprice, so cash is a precious resource for a non-producer.
I took opportunity to dump out at 29 cents, KCN may get over 30 cents in the comming days, but I am out for the time being.
Ann: Quarterly Activities Report, page-19
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Last
$1.52 |
Change
0.000(0.00%) |
Mkt cap ! $394.3M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.55 | $1.51 | $389.2K | 254.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 15934 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 5457 | 6 |
View Market Depth
| Last trade - 11.29am 17/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |