In that case, here's my guess/wild conspiracy theory:
1. CKF now in ASX300 and possibly now a target for short sellers? I know I can now buy shares in CKF for my direct super account where previously I couldn't. Conversely, perhaps it is a institution shorting it big time to scare down the price so they can load up for their index tracking portfolio.
2. Yum! Brands has a similar looking decline of late. I realise it is a different business, but the shorters will look at any possible link.
My take is that I will probably let this settle for a day or two and re-assess. Most likely I will be buying more if there is no announcement.
As far as I've seen, people from all walks of life are still lining up to buy fried chicken. So the sky probably isn't falling.
CKF Price at posting:
$3.87 Sentiment: Buy Disclosure: Held
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