It looks like a standard announcement guiding consensus downwards. According to my numbers consensus for FY21 EBITDA is $72.0m, so $58-$63m is downward guidance. Of course, in April no FY guidance was given, so we'll have to see the extent to which the SP which is 36% below consensus target already reflects this. Based on my reading there should not be a major SP movement, as the news is already in the SP. But the market doesn't always react rationally to news. This may present a buying opportunity to anyone who is looking to get in.
Ann: May 2021 Business Update, page-7
-
- There are more pages in this discussion • 151 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KGN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.51 |
Change
0.060(1.35%) |
Mkt cap ! $453.7M | |||
| Open | High | Low | Value | Volume |
| $4.46 | $4.58 | $4.41 | $2.881M | 639.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5920 | $4.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.52 | 165 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |