They are banking on no major buyers sweeping this up.
The next announcement can only be positive.
- simple terms is the business can't be making 0% EBITDA for longer than 2 months. If so, you are saying their inventory is unsaleable and needs massive write-downs to clear.
I have a feeling they wanted to make this half sound as bad as possible so the founders could buy in cheap again. Problem here is $5 is 0.5 x sales or 16 x PAT. It is too cheap for a company that made a significant acquisition and will be seeing synergies in the near term.
Shorters need to plan their exit very soon or face losses. Luckily for them they upped the ante around $14 so they have plenty of time. Would like to see if they upped their assault yesterday. I doubt it.
- Forums
- ASX - By Stock
- KGN
- Ann: May 2021 Business Update
Ann: May 2021 Business Update, page-108
-
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KGN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.45 |
Change
0.170(3.97%) |
Mkt cap ! $447.7M |
Open | High | Low | Value | Volume |
$4.28 | $4.56 | $4.21 | $4.209M | 945.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3999 | $4.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.49 | 2561 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3999 | 4.440 |
1 | 742 | 4.430 |
1 | 742 | 4.420 |
1 | 742 | 4.410 |
1 | 742 | 4.400 |
Price($) | Vol. | No. |
---|---|---|
4.530 | 3000 | 1 |
4.540 | 11777 | 4 |
4.550 | 15717 | 4 |
4.560 | 13048 | 2 |
4.570 | 1 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
KGN (ASX) Chart |