Sadly my journey with KCN will come to and end tomorrow. After accumulating over 600,000 shares I came to the realisation that unfortunately this share will not deliver the return I had envisaged and or in a reasonable timeline.
I genuinely believed the story but the opportunity cost of holding these share, compared to just about every other holding I have makes it simple not worth it in the short to medium term.
We were never going to see a cash settlement , we are not going to get a dividend until Q1 26 if your lucky and I will be surprised if the share price has a 2 in front of it by Christmas 2024.
Sorry to all the long term holders and all the believers but I think the reality of this #$it show finally hit home this week with the finance deal. No Nova sale, no settlement, no dividend, no grade , no idea. Sh$# management and communication.
Still walked away with a profit but a good lesson, don't fall in love with stocks. Especially when the management team constantly underperform and won't acknowledge their shareholders concerns in a meaningful way.
Best of luck to the believers. Will check back in from time to time. Going off to SXG and PCK for an easy 200% before December
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Last
$1.68 |
Change
0.005(0.30%) |
Mkt cap ! $433.0M |
Open | High | Low | Value | Volume |
$1.68 | $1.69 | $1.65 | $694.0K | 416.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10546 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.68 | 6584 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10546 | 1.660 |
1 | 2262 | 1.655 |
3 | 23012 | 1.650 |
1 | 5000 | 1.645 |
1 | 20000 | 1.640 |
Price($) | Vol. | No. |
---|---|---|
1.680 | 6584 | 3 |
1.685 | 1508 | 1 |
1.690 | 1508 | 1 |
1.710 | 1000 | 1 |
1.720 | 5500 | 1 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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KCN (ASX) Chart |