I agree that the option payment timing doesn’t look good and the fact that a significant amount of cash has been used to line the pockets of the directors isn’t great.
However, at least the business isn’t bleeding money from day-to-day operations. And it’s the board which had to approve the payment. Perhaps they genuinely thought the SP wouldn’t have tanked so hard on the update. If you take out the reduced cash position and reason behind that reduction, the announcement didn’t justify a sharp drop in the SP.
I believe it’s an over reaction and the SP should move up in due course. Sure management don't seem aligned to shareholders interests but business performance will speak for itself. They still hold a significant amount of equity so it is still in their interests to improve the SP.
- Forums
- ASX - By Stock
- KGN
- Ann: Kogan.com - April 2024 Business Update
Ann: Kogan.com - April 2024 Business Update, page-55
-
- There are more pages in this discussion • 32 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 KGN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.36 |
Change
-0.070(1.58%) |
Mkt cap ! $439.5M |
Open | High | Low | Value | Volume |
$4.45 | $4.51 | $4.35 | $2.541M | 576.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 15340 | $4.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.38 | 7695 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 20330 | 4.350 |
2 | 5350 | 4.340 |
3 | 470 | 4.330 |
6 | 11664 | 4.320 |
1 | 350 | 4.310 |
Price($) | Vol. | No. |
---|---|---|
4.380 | 350 | 1 |
4.390 | 350 | 1 |
4.400 | 3935 | 3 |
4.410 | 350 | 1 |
4.420 | 5350 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
KGN (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online