The rationale for buying back approximately 200 million shares (or fewer) is that it could lead to a significant increase in share price and pave the way for an ASX200 listing. Moreover, repurchasing fifty-eight million shares over a span of four years would make KCN a 1.4 billion dollar company, this is achievable.
180,000,000 / 200,000,000 = .90cps earnings /pa x a PE of 8 = $7.20per share (though a multiple of 8 feels a bit high)
$5.60 x 2%Y = .11cps
$7.20 x 2%Y = .14cps dividend per year and that is a very conservative amount wouldn't you agree @Ciao!
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Last
$2.86 |
Change
0.000(0.00%) |
Mkt cap ! $737.1M | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.88 | $2.77 | $3.712M | 1.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5291 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 6812 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2025 (20 minute delay) ? |
| KCN (ASX) Chart |