This is the same manipulation that was reported on in the video "The ASX's Dark Secret". In that video, it showed how the institution behind the manipulation at that time used algorithmic trading to manipulate the share price of KCN for a period of some 4 years. Over that time, 1.6% of all trades, almost all of which were below $500 in value, were responsible for 94% of the falls in share price over that period. The sole purpose of this form of trading (manipulation) is to set the price at a particular level. The resultant share price is not a true "market price". It is an "artificial price". It is illegal conduct, but the regulatory authorities do nothing about it.
Two years ago, Kingsgate's share price was at $1.50. Here we are with so much progress having been made, and we are still at $1.50. The reason we are still there is because the algorithmic trading is designed to keep us at this level. For what reason? Maybe a cheap takeover Maybe to allow acquisition from disheartened shareholders. The regulators should find out who is doing it and ask them.
- Forums
- ASX - By Stock
- KCN
- ASX is on notice about manipulation of Kingsgate share price
ASX is on notice about manipulation of Kingsgate share price, page-8
-
- There are more pages in this discussion • 660 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
(20min delay)
|
|||||
Last
$1.67 |
Change
0.005(0.30%) |
Mkt cap ! $430.4M |
Open | High | Low | Value | Volume |
$1.70 | $1.70 | $1.64 | $2.471M | 1.483M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3285 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.67 | 53099 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3285 | 1.660 |
1 | 1966 | 1.640 |
2 | 12811 | 1.635 |
2 | 2579 | 1.630 |
2 | 11966 | 1.625 |
Price($) | Vol. | No. |
---|---|---|
1.670 | 53099 | 3 |
1.675 | 1966 | 1 |
1.680 | 14240 | 2 |
1.685 | 13566 | 2 |
1.690 | 14240 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online