The headline result is enough to cause you to recoil but a good look shows that most of the problem is unrealised losses(paper) at this stage and actual realised losses are small. To date there have been no defaults on payments by any of the lower credit rated deals and that is good to see.Their income actually increased substantially so cashflow has been positive allowing the buybacks and divs to actually increase a tad. Continued confidence in the Europe Fund is shown with the increased investment via capital calls which IMO shows that KKC are still happy with their investment theme and in these types of unlisted investments that has to be accepted as good.
Ann: Appendix 4E and 2022 Full Year Statutory Accounts, page-2
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Last
$2.30 |
Change
0.000(0.00%) |
Mkt cap ! $741.8M | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.31 | $2.30 | $203.2K | 88.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14821 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 33596 | 3 |
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| Last trade - 11.04am 25/06/2024 (20 minute delay) ? |
| KKC (ASX) Chart |