Kingsmen Creatives

[Musicwhiz]

Hi RBM,

Haha I won't read too much into these movements, due to low liquidity and also the seeming desperation of the buyer to execute the trade. Friday's close of 70 cents looks unlikely to be matched today (at time of writing, seller is queueing at 69c).

But one consequence is that the buyer does seem to be willing to queue much higher at 67.5c than they did for some time, which is kind of interesting. Note that 67.5c was not really achieved even after XD for the final dividend of 2.5c/share (at CD share price of 69.5c). Technically, even if Kingsmen traded at 67.5c XD it would be akin to 70c CD, which is a 52-week high.

Whether the growth in the business justifies such valuations remains to be seen.....