Tremeer,
you are correct...
additional info via email;)
"While KCN notes that FY11 guidance remains unchanged, in our view, the September quarter delay creates downside risk to this. We have lowered our FY11 forecasts to the lower end of guidance." NPV valuation only reduced to A$7.82/share from A$7.89/share, but KCN's share-price run-up, on takeover speculation, means company is well above
Merrill's A$10.75 price target, closing at A$12.00 Monday. "We do not believe KCN warrants to trade" at current premium to NPV of 1.5x, with 1.1x-1.3x seen as
more likely. Broker also takes a dim view of upcoming IPO of Akara, company's Thai operating subsidiary: "In our gold coverage universe, we still prefer Newcrest Mining (NCM.AU) as we are particularly attracted to the long life and low cost (high margins) suite of assets."
Tremeer,you are correct... additional info via email;)"While KCN...
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Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $349.2M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 366 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 3300 | 1 |
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| Last trade - 09.58am 07/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |
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