Let’s say we put $5m towards buy back and at this price we will get around $3m shares and say next 12 months we are trading at $3-$5 then we made between $4m to $10m by investing money into our own shares.
our 12months interest will be around $7m aud. Sometime it worth doing the exercise, only problem is the market will be crazy the moment they say they will buy back shares and sp will go up beyond $2
Ann: Kingsgate Financing Update, page-30
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Last
$1.56 |
Change
-0.040(2.51%) |
Mkt cap ! $400.8M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.61 | $1.54 | $1.347M | 862.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 637 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 11439 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |