I get what you saying... but only works if you are able to CR without a discount.
But investors like Buy backs as it instills confidence.. if the sp is below $1.50 next 6 months and KCN able to generate positive cashflows..I can see KCN doing a buy back to give the sp a positive nudge.... I think buyback allowance has already been approved by shareholders.. so they can do it anytime.
Ann: Kingsgate completes $46M institutional placement, page-232
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Last
$1.60 |
Change
-0.025(1.54%) |
Mkt cap ! $418.8M | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.64 | $1.59 | $156.9K | 97.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 125 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 8154 | 7 |
View Market Depth
| Last trade - 10.41am 22/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |