Backed to $1.495 ... low of 1.46... 1.5m sell depth.. I think this is more than panic... I think this is a vote of non-confidence.. probably relates to poor disclosure.. market doesn't like a sudden change in strategy.. everyone was assuming that KCN was funding their expansion from debt.. if the sp is going below $1.5 - it is market saying... is there more you are not disclosing..
And we saw the bit $12m on commissioning and creditor bit.. it be admission that we failed to estimate cost of $12m in the refurb.
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Last
$2.47 |
Change
-0.130(5.00%) |
Mkt cap ! $636.6M | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.59 | $2.42 | $2.150M | 862.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1953 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2025 (20 minute delay) ? |
| KCN (ASX) Chart |