The supposed purchase of a $38m mansion has obviously been financed incorrectly.
His 42 million shares (as at 30/6/17) at $10-00 each, early June 2018, would have been generating $5.4m in dividends alone. More than enough to service the said mortgage, not rock the share price, maintain shareholder confidence as well as allowing his personal wealth to prosper, with no need for sale of Director's shares. He may well find this is the most costly real estate purchase in Australian history. $10.00 early June 18 share price, less $7.40 current share price = $2-60 "loss" per share x 42m shares = $110m loss of personal wealth, created purely by him undermining shareholder confidence through his actions.
The supposed purchase of a $38m mansion has obviously been...
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Last
$4.74 |
Change
-0.240(4.82%) |
Mkt cap ! $477.2M | |||
| Open | High | Low | Value | Volume |
| $4.95 | $5.00 | $4.74 | $5.135M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17592 | $4.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.82 | 296 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$4.79 |
Change
-0.240 ( 3.95 %) |
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| Open | High | Low | Volume | ||
| $4.95 | $4.98 | $4.78 | 167926 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| KGN (ASX) Chart |