I can't believe this stock was 4 times oversubscribed. Even on forecast FY17 it IPO'd at P/E of 67. That's insane for a company whose revenue was flat between FY15 and FY16 and revenue is forecast to grow by less than 20% in FY17. This makes DMP look cheap. Between FY14 and FY17 (4 financial years), revenue is forecast to grow by a paltry 42%.
Ann: ASX Market Release - Pre-Quotation Disclosure-KGN.AX, page-27
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Last
$4.24 |
Change
-0.070(1.62%) |
Mkt cap ! $426.6M | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.28 | $4.09 | $4.580M | 1.092M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 844 | $4.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.24 | 8734 | 2 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |