Buyers must be the most loyal or dumbest sellers n the market.
the announcement here is headlined by the revenue for the group. This is not the revenue of group owned by the shareholder but the total revenue that shareholders own 50% approvals of.
So this business is not only trading at 40 npata but is trading at the equivalent of over 7 times its share of revenue. And this is by owning businesses that traditionally are worth 2 to 4 times revenue.
KPG is trading at least 100% over its fair value.
time will prove my view.
as for the price still going up? Either dumb investors or price management by a large shareholder. The daily spend is only hundreds of thousands of dollars a day.
KPG Price at posting:
$8.39 Sentiment: Sell Disclosure: Not Held
