Sadly my journey with KCN will come to and end tomorrow. After accumulating over 600,000 shares I came to the realisation that unfortunately this share will not deliver the return I had envisaged and or in a reasonable timeline.
I genuinely believed the story but the opportunity cost of holding these share, compared to just about every other holding I have makes it simple not worth it in the short to medium term.
We were never going to see a cash settlement , we are not going to get a dividend until Q1 26 if your lucky and I will be surprised if the share price has a 2 in front of it by Christmas 2024.
Sorry to all the long term holders and all the believers but I think the reality of this #$it show finally hit home this week with the finance deal. No Nova sale, no settlement, no dividend, no grade , no idea. Sh$# management and communication.
Still walked away with a profit but a good lesson, don't fall in love with stocks. Especially when the management team constantly underperform and won't acknowledge their shareholders concerns in a meaningful way.
Best of luck to the believers. Will check back in from time to time. Going off to SXG and PCK for an easy 200% before December
- Forums
- ASX - By Stock
- Selling out and moving on
Sadly my journey with KCN will come to and end tomorrow. After...
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KCN (ASX) to my watchlist
|
|||||
Last
$1.36 |
Change
-0.015(1.09%) |
Mkt cap ! $349.2M |
Open | High | Low | Value | Volume |
$1.40 | $1.43 | $1.36 | $1.674M | 1.220M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 34526 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.37 | 468 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 29526 | 1.355 |
2 | 105026 | 1.350 |
1 | 100 | 1.340 |
2 | 7500 | 1.325 |
1 | 6500 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 1551 | 1 |
1.410 | 5000 | 1 |
1.415 | 10000 | 1 |
1.420 | 25000 | 2 |
1.430 | 119 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |