Warbont Nominees is a wholly owned subsidiary of UBS Securities Australia.
The founding partners at Barrenjoey Capital include several executives from UBS notably chairmen Matthew Grounds and Guy Fowler.
Suspect Barrenjoey used UBS to purchase several million KCN in the run up to the CR to boost the SP to $2.00 and thus ensure subscription.
Subsequently they've been selling down.
Van Eck's purchase of 1.2M KCN between 12th and 22nd June lifted the SP from $1.24 to 1.44.
Indicates KCN's highly illiquid.
Until UBS' overhang of 1.5M is disposed of KCN is going nowhere.
Warbont Nominees is a wholly owned subsidiary of UBS Securities...
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Last
$1.62 |
Change
0.020(1.25%) |
Mkt cap ! $417.5M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.66 | $1.59 | $939.6K | 581.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7553 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 5378 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |