The rationale for buying back approximately 200 million shares (or fewer) is that it could lead to a significant increase in share price and pave the way for an ASX200 listing. Moreover, repurchasing fifty-eight million shares over a span of four years would make KCN a 1.4 billion dollar company, this is achievable.
180,000,000 / 200,000,000 = .90cps earnings /pa x a PE of 8 = $7.20per share (though a multiple of 8 feels a bit high)
$5.60 x 2%Y = .11cps
$7.20 x 2%Y = .14cps dividend per year and that is a very conservative amount wouldn't you agree @Ciao!
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Last
$1.81 |
Change
0.015(0.84%) |
Mkt cap ! $461.3M |
Open | High | Low | Value | Volume |
$1.80 | $1.81 | $1.79 | $58.22K | 32.40K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 313 | $1.80 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.81 | 103 | 2 |
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No. | Vol. | Price($) |
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1 | 155 | 1.850 |
1 | 28 | 1.820 |
1 | 282 | 1.810 |
1 | 650 | 1.795 |
4 | 2960 | 1.790 |
Price($) | Vol. | No. |
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1.765 | 46 | 2 |
1.795 | 1 | 1 |
1.800 | 4930 | 1 |
1.805 | 675 | 1 |
1.810 | 675 | 1 |
Last trade - 10.07am 28/05/2024 (20 minute delay) ? |
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Last
$1.80 |
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Change
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Open | High | Low | Volume | ||
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Last updated 10.27am 28/05/2024 ? |
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