There were a lot of 14.5c KCN buyers banked up through-the-day yesterday but no seller would hit them..My feeling is that Zurich are coming to the table signalling this morning that they're ready to make a deal..Writing was on the wall for the insurer..Litigation funder would've taken nearly half the $200 million payout, so why not cut out the middleman & deal before the trigger's pulled..They were hoping KCN wouldn't be able to make it through to June..but with both Chile sale & litigation funding-deal options now on the table, the net was closing in on Zurich..plus they're in a Supreme Court hearing against QBE today..Not a good look to be spending so much time & money in the NSW Supreme Court..Looks like we'll get all the facts Monday morning..unless a deal is cut beforehand
Ann: Trading Halt, page-6
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Last
$1.51 |
Change
0.040(2.72%) |
Mkt cap ! $384.0M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.53 | $1.47 | $1.005M | 671.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2518 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 35186 | 3 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |