Yeah but the stock price should reflect how the business is run and it's not as bad as the market is perceiving it to be.
It's no longer in the top 50 shorted stocks (53rd)
The company makes a lot of revenue
There's only 107 million shares on the registry so no dilution coming for years.
The movements down are on minimal volume so it's being exaggerated.
From a chart perspective there are no gaps to fill neither.
It's not getting any help from management to reduce the manipulation by a small syndicate of sellers on the ASX,which is not appreciated by long term holders.
The stock price of KGN should be well over $5
Ann: Kogan.com January 2023 Business Update, page-34
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Last
$4.73 |
Change
0.000(0.00%) |
Mkt cap ! $474.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 833 | $4.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.66 | 78 | 1 |
View Market Depth
| Last trade - 09.38am 04/11/2024 (20 minute delay) ? |
| KGN (ASX) Chart |
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