I expect KCN to use profits to reduce the shares on issue through a strong buy back.
Remaining shareholders will then be rewarded with a combination of continued buyback and dividends. For a company to go through such pain as the last 7 years and not to issue a huge number of shares is commendable. Most would have issued a huge number of shares at 20c, at the peak of the cashflow problem.
In time this market cap of 330M will be laughable!
I also think the profit will explode, as they have set a very low bar with recovery rates and costs.
General discussion, page-2780
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Last
$1.65 |
Change
0.000(0.00%) |
Mkt cap ! $425.2M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.71 | $1.64 | $699.1K | 421.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11106 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 1492 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |