Bought in today at $12.60. I came up with valuations between $7.04 using dividend growth method, and $32.16 using change in book value. That's a huge range, but it is currently sitting well towards the lower end of that range. It may go lower, who knows, but I think it will rise well above current prices over the next two to five years.
Ultimately it seems to be a good Australian business which has increased its dividend by at least 10% a year since paying one, with plenty of potential for future growth. I've also purchased their electronic private label products and found them to be top notch.
KGN Charts, page-955
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Last
$4.45 |
Change
0.170(3.97%) |
Mkt cap ! $447.7M | |||
| Open | High | Low | Value | Volume |
| $4.28 | $4.56 | $4.21 | $4.209M | 945.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3999 | $4.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.49 | 2561 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |