He gave a reason for selling the stake at $3, it was due to institutional pressure as free float was too tiny.
Not sure if u still followed the company after that but he continued to sell another stake together with DS at $4.25 this time to an overseas (American if I’m not mistaken) institutional investor, again due to them complaining that there wasn’t enough free float for them to buy a meaningful stake on the market.
He gave a reason for selling the stake at $3, it was due to...
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Last
$4.41 |
Change
-0.130(2.86%) |
Mkt cap ! $447.7M | |||
| Open | High | Low | Value | Volume |
| $4.48 | $4.48 | $4.41 | $925.4K | 208.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 11379 | $4.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.42 | 2515 | 10 |
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| Last trade - 12.52pm 19/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |