Rojam expressed it better because it reflects reality. The price never reached $20 back then and saying that its the equivalent is completely wrong. KCN reached $10 to give a 1 billion market cap. $5 now would give us that same market cap. Saying that we will reach $10 per share is saying that the market cap will be double what it was previously. That's all well and good but what would be the point of saying that equates to $20 in the past (pre dilution)? It's meaningless and could be confusing to some.
Rojam expressed it better because it reflects reality. The price...
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Last
$1.56 |
Change
-0.020(1.27%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.60 | $1.56 | $685.1K | 435.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9998 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 2724 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.57 |
Change
-0.020 ( 1.26 %) |
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| Open | High | Low | Volume | ||
| $1.57 | $1.60 | $1.56 | 17710 | ||
| Last updated 15.16pm 14/06/2024 ? | |||||
| KCN (ASX) Chart |