That view will be based on a DCF model which as a forward view carries large inherent risk. Id say Morgan's prefer to take the guaranteed bankers margin for facilitating a takeover rather than own the shares themselves.
so saying my (very simple) dcf came to a similar'ish number using higher oil price while a more sustainable poo view resulted in $1-1.5/share lower value, it includes view of their large capital costs going forward, but makes huge assumptions on the resources recoverable and cost to tie in neon/goia to bauna field to prolong the cost effective operation of that fpso and hence Max BBL's from bauna/patola field, Execution risk is sizeable at this stage. Either if the intervention doesn't deliver their target prod level, neon isn't developed or they need a separate fpso for neon/goia, each can have a large impact on calculated 'value'. As always, never take any view of company value as gospel. Dyor...
full disclosure, I am bullish on the upside potential for Kar and have bought a reasonable parcel (for me) in last few months. A lot to like here, even if company has had a checkered past.
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Last
$1.89 |
Change
-0.015(0.79%) |
Mkt cap ! $1.514B |
Open | High | Low | Value | Volume |
$1.90 | $1.91 | $1.88 | $2.240M | 1.184M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 33796 | $1.89 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.89 | 29105 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 8914 | 1.890 |
32 | 48621 | 1.885 |
28 | 241606 | 1.880 |
14 | 134460 | 1.875 |
14 | 53805 | 1.870 |
Price($) | Vol. | No. |
---|---|---|
1.895 | 87959 | 38 |
1.900 | 75014 | 18 |
1.905 | 77921 | 12 |
1.910 | 115909 | 14 |
1.915 | 22587 | 7 |
Last trade - 11.09am 30/04/2024 (20 minute delay) ? |
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Last
$1.88 |
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Change
-0.015 ( 0.95 %) |
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Open | High | Low | Volume | ||
$1.89 | $1.91 | $1.88 | 248282 | ||
Last updated 11.28am 30/04/2024 ? |
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