Sure, I agree. Once we pay off the loan and have cash to deploy we should not be at $1.5 BUT we may well be. As it stands we should not be at $1.45 or $1.2 as of last week.
That being said. If we are not able to buy back many shares on the way to $3 they why do you even care?
I personally think we could get 20 million plus shares to $3. There are loads that will off load making anywhere from 100% to 1000% profit.
Every share we buy back at half it's value or more than half its value is MEANINGFUL. If you cant see that, then I do not know how to make it more simple.
I am encouraging a dividend after we are above $3
Remember we specifically voted for and passed a greater than 10% buy back in one calendar year. So over 25,7 million shares.
Ross, has said, "he thinks there are too many shares on issue"
Finally. If we had got a USD $50m Thai bank loan and zero capital raise, we would still be at 221m shares be paying down that loan instead of giving a dividend. So the buy back is EXACTLY the same as a loan repayment except one only knows the price after all the shares are bought back and an average is worked out.
Conversations over.
- Forums
- ASX - By Stock
- KCN
- Webinair
Webinair, page-59
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KCN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.40 |
Change
0.045(3.32%) |
Mkt cap ! $360.8M |
Open | High | Low | Value | Volume |
$1.39 | $1.42 | $1.38 | $900.4K | 644.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8600 | $1.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 1313 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8600 | 1.385 |
1 | 5000 | 1.375 |
2 | 17700 | 1.370 |
1 | 10800 | 1.365 |
1 | 12000 | 1.360 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 1313 | 1 |
1.420 | 6189 | 2 |
1.425 | 8726 | 2 |
1.430 | 18845 | 3 |
1.435 | 3726 | 1 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |