Yes I don't believe they can legally pay a dividend as they don't have accumulated profits or current profit.
Buy-backs are possible but maybe won't be started before Sept at the earliest.
It is three weeks before the Nebari facility of US$11.5mil is due to be repaid so what I'm looking for above everything else is a statement tomorrow that they have approval for a long term banking facility that will payout Nebari by 18Jun. I know that the Nebari facility can be extended for three months but it's not in our interests that happens.
New Interview with Proactive Investors, page-37
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Last
$1.58 |
Change
-0.050(3.08%) |
Mkt cap ! $404.6M | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.64 | $1.55 | $696.0K | 440.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9003 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 10714 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |