I am loving this share price.
I have increased my holding by roughly 20%.
I was already so overweight.
I have three entities with holdings, so I might just participate in the SPP in all of them.
My biggest concern pre the cap raise was the company's cash liquidity.
I have a model that indicates current fair value at well over $2.50 (before taking into consideration a whole host of upside considerations and opportunities), so a 15-20% dilution at $1.50 which removes my cash concern is completely acceptable to me. And what's more, folk are selling their shares to me at $1.50, so I can "undilute" myself.
I love retail investors! Patience is such a rare thing in this day and age.
DYOR, risk clearly remains.
Ann: Kingsgate SPP Offer Booklet, page-7
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Last
$1.26 |
Change
-0.005(0.40%) |
Mkt cap ! $323.4M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $240.7K | 191.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1920 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 7667 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |