When they announced the WBC acquisition they had 100M warchest (cash, not debt funded), and have added about 15-20m since. So the $120M Cash they'd built up for this? Will there be a capital return? Buyback?
Or are Kina going to find another acquisition (most likely outside PNG, seeing ICCC won't allow KSL/BFL to acquire within PNG)?
Lack of clarity on that direction is very disappointing. Would have given shareprice some confidence if they had done so.
Looks like not much opportunity to grow on their PNG ledger if we're expecting about even results to FY20.
Wouldn't mind a capital return and 5 for 1 consolidation.
When they announced the WBC acquisition they had 100M warchest...
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Last
$1.01 |
Change
-0.020(1.94%) |
Mkt cap ! $290.3M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.04 | $1.01 | $269.8K | 266.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35038 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 27565 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| KSL (ASX) Chart |