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$4.39 kogan.com ltd

That's if you think the Board is competent.If you think letting...

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29/04/24

17:19

Post #: 73564340
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Originally posted by Gouldians: ↑

You need to play the game mate. The majority of sales today have been brokers. You can see by the magnitude of small orders being placed and reloading everytime a line is wiped. These aren’t retail traders.

All you need to do is to decide whether you think they are going to buy back or continue to suppress the SP. I feel they are taking an opportunity in weakness to accumulate some cheap stock by shaking the tree. It is a good business so will bounce back. They are profitable so won’t need a CR if they are wise with the remaining funds. A good decision or bad, the board would have known what the remaining cash balance would have been after the option payment and they wouldn’t have approved it if they would then need a CR particularly when there is a share buyback in progress.

Im taking the opportunity to buy some cheap stock and will continue to soak up what I can on any weakness.

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That's if you think the Board is competent.
If you think letting the SP lose over $3 is competent, clearing your expectations on your investments are very low.
Firstly these guys bought too much stock, now they're losing customers. It's a double edged sword.

KGN Price at posting: $4.94 Sentiment: Sell Disclosure: Held
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(20min delay)
Last $4.39		Change -0.040(0.90%)		Mkt cap ! $438.5M

Open	High	Low	Value	Volume
$4.45	$4.51	$4.35	$1.845M	417.4K

Buyers (Bids)

No.	Vol.	Price($)
21	4666	$4.38

Sellers (Offers)

Price($)	Vol.	No.
$4.39	1520	10

View Market Depth

No.	Vol.	Price($)
19	3397	4.390
21	6347	4.380
22	14238	4.370
14	14893	4.360
22	37938	4.350

Price($)	Vol.	No.
4.400	3741	10
4.410	7566	12
4.420	24977	16
4.430	16355	12
4.440	3512	8

Last trade - 14.19pm 21/06/2024 (20 minute delay)

KGN (ASX) Chart

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