Fully agreed. This is one of the greatest drawbacks for KCN. Nevertheless, the regular and predictable red tape roadbumps occasionally can work to the advantage of people familar with KCN: They create sometimes unexpected buying opportunities. While they may scare off investors less familar with the KCN situation, others know that the growth story may be delayed, but will remain intact.
It is good to see KCN bouncing back from the recent low again. The range around $ 7.70 has developed into a very solid support, where the buying risk appears to look like a strong opportunity.
What I am unsure of is the structure of the IPO. In some Asian legislations, the issuance of preference shares to secure control rights also requires the issuance of common stock at the same time. Don't know if that is true for Thailand as well. If so, the IPO may end up less attractive than expected for the common shareholder. Anybody here with more profound knowledge on this topic?
Fully agreed. This is one of the greatest drawbacks for KCN....
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Last
$1.52 |
Change
0.000(0.00%) |
Mkt cap ! $390.4M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.56 | $1.50 | $621.5K | 409.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2788 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 7437 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |