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!
The rationale for buying back approximately 200 million shares...
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Last
$1.80 |
Change
0.010(0.56%) |
Mkt cap ! $463.9M | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.81 | $1.74 | $1.071M | 605.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6584 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 2858 | 1 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$1.80 |
Change
0.010 ( 0.12 %) |
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| Open | High | Low | Volume | ||
| $1.77 | $1.81 | $1.74 | 16123 | ||
| Last updated 15.58pm 14/05/2024 ? | |||||
| KCN (ASX) Chart |