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.
Backed to $1.495 ... low of 1.46... 1.5m sell depth.. I think...
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Last
$1.40 |
Change
0.055(4.10%) |
Mkt cap ! $359.5M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.40 | $1.35 | $267.5K | 194.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 9202 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 19237 | 8 |
View Market Depth
| Last trade - 13.03pm 15/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |