In the week since my last post, it seems that KGN found a degree of support at the 200-day exponential moving average (yellow line). Since then, it has bounced over 10%.
Today's court ruling may have been a threat to KGN's price recovery. While Kogan was found guilty, the finding did nothing to pull the price back down to the 200EMA. Instead, it has jumped over 4% at the time of writing.
To put the magnitude of Kogan's guilt into perspective, I read that:
- the ACCC was seeking a fine of $2 million
- Kogan had allocated $700K in its budget (in case it was found guilty)
- the courts fined Kogan $350K.
To put the $350K into perspective, KGN made $497 million in revenue during FY20. That's about $1.36 million a day, or 7 hours of revenue.
- Forums
- ASX - By Stock
- KGN Charts
In the week since my last post, it seems that KGN found a degree...
-
-
- There are more pages in this discussion • 1,166 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 KGN (ASX) to my watchlist
|
|||||
Last
$4.20 |
Change
-0.055(1.29%) |
Mkt cap ! $423.4M |
Open | High | Low | Value | Volume |
$4.25 | $4.30 | $4.19 | $1.984M | 471.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 1748 | $4.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.20 | 12884 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 36136 | 4.190 |
20 | 13275 | 4.180 |
15 | 30291 | 4.170 |
14 | 16511 | 4.160 |
26 | 49967 | 4.150 |
Price($) | Vol. | No. |
---|---|---|
4.200 | 9598 | 23 |
4.210 | 15489 | 24 |
4.220 | 18879 | 16 |
4.230 | 23590 | 13 |
4.240 | 6245 | 11 |
Last trade - 15.41pm 25/06/2024 (20 minute delay) ? |
Featured News
KGN (ASX) Chart |