KCN 2.55% $1.34 kingsgate consolidated limited.

Backed to $1.495 ... low of 1.46... 1.5m sell depth.. I think...

  1. 1,223 Posts.
    lightbulb Created with Sketch. 186
    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.
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
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
Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.