Guys, if they buy back shares and cancel them there is no benefit to KCN. All the other options are much more accretive to the companies value. Why would they throw away money like that. If they buy the shares at $1 or $3 and cancel them it is gone. It is not like they can trade them so all this talk about buying them cheap is nonsense. Money is best used to build value rather than toss away.
Regards a bank loan, do we need one? I was in favour before the CR but why pay interest now when we have the money?
Back to repo. Only ones who benefit are holders in the short term but every dollar they spend without positive outcome (reinvesting can bring positives while buyback is money in the bin), is a dollar they don’t have in the kitty so it will affect market cap and therefore share price.
Let’s be smart about what we do with money.
cheers,
Ann: Becoming a substantial holder, page-20
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.60 |
Change
0.040(2.56%) |
Mkt cap ! $412.4M | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.61 | $1.52 | $789.1K | 500.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 17444 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |