Not sure how some posters are coming up with PEs of 200-215x. If you'd like to short the stock on that basis, who am I to stop you?
Check the consensus valuations in the link from @Psalty a few posts ago. They're on the high side, to be sure, at 53x for FY18, 36x for FY19, but they're nowhere near 200x! For what it's worth, I think the consensus (one analyst covering the stock) is being too conservative, significantly underestimating revenue growth and margins; my own model returns more attractive valuation multiples.
The ongoing sell-down of stock by management is a point concern for me, though apparently not for others.
Road to 10+, page-74
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Last
$4.42 |
Change
-0.120(2.64%) |
Mkt cap ! $444.7M | |||
| Open | High | Low | Value | Volume |
| $4.48 | $4.48 | $4.38 | $2.300M | 521.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2990 | $4.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.42 | 10941 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |