Don't fret too much over the PE as its pretty meaningless in valuing a supposed "growth" stock anyway.
Just take a look at the chart - it speaks volumes without all the emotion.
The shares broke down at $6.00 and next major support is at $5.00.
Unfortunately , I suspect that after a modest bounce, KGN will break below $5.00 and then I have a technical downside target of around $3.50.
We could get there if Rus and his mates are still throwing out stock in September.
If I was them, I would think $4.00 is just fine.
Liquidate the position, bank the cash and go do something worthwhile with the rest of their lives living off the fat that KGN has already delivered them.
Easy peasy.....................
P/E Ratio - Which One Is Correct?, page-3
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Last
$4.71 |
Change
-0.030(0.63%) |
Mkt cap ! $476.1M | |||
| Open | High | Low | Value | Volume |
| $4.77 | $4.80 | $4.69 | $1.856M | 391.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1699 | $4.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.71 | 240 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| KGN (ASX) Chart |