KEY 0.00% 0.1¢ key petroleum limited

I think todays trading is a continued overhang from the rights...

  1. 351 Posts.
    lightbulb Created with Sketch. 38
    I think todays trading is a continued overhang from the rights issue. Don't forget over 40m shares were issued. Not all of them went to long term holders. An issue of this size takes time to digest, particularly in a stock like KEY which typically has low daily volume. Many participants would probably see a 50% gain on their money as a good trade.

    As Starmanwin intimated, patience is the key here. I think the best take out from today's announcement is that management do their homework and deliver.
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.