Backed to $1.495 ... low of 1.46... 1.5m sell depth.. I think this is more than panic... I think this is a vote of non-confidence.. probably relates to poor disclosure.. market doesn't like a sudden change in strategy.. everyone was assuming that KCN was funding their expansion from debt.. if the sp is going below $1.5 - it is market saying... is there more you are not disclosing..
And we saw the bit $12m on commissioning and creditor bit.. it be admission that we failed to estimate cost of $12m in the refurb.
- Forums
- ASX - By Stock
- Ann: Proposed issue of securities - KCN
Backed to $1.495 ... low of 1.46... 1.5m sell depth.. I think...
-
- There are more pages in this discussion • 18 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 KCN (ASX) to my watchlist
|
|||||
Last
$1.34 |
Change
-0.035(2.55%) |
Mkt cap ! $345.3M |
Open | High | Low | Value | Volume |
$1.38 | $1.40 | $1.34 | $684.8K | 503.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3315 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 2388 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 1.390 |
1 | 111111 | 1.350 |
2 | 3416 | 1.340 |
1 | 9000 | 1.335 |
1 | 5000 | 1.330 |
Price($) | Vol. | No. |
---|---|---|
1.350 | 30 | 1 |
1.365 | 10400 | 1 |
1.370 | 10000 | 1 |
1.390 | 18000 | 1 |
1.400 | 14319 | 2 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online