There is an interesting article covering KAR published yesterday in eureka report by Tim Treadgold
Im sorry I've been away and not read many posts on this stock for a long time so excuse me if some of the following highlights from the article are old news.
>> The reason for the depressed share price is the sale of shares by Fidelity group so as to lessen its exposure to Australia.
>> Post the Proteus discovery, UBS estimates a 10% stake in Poseidon is worth $281mil. If KAR were to sell its remaining 80% stake they would earn $2.25bil which is almost twice the current market cap of
KAR worth $1.25bil
eureka report
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Last
$1.78 |
Change
-0.020(1.11%) |
Mkt cap ! $1.431B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.81 | $1.77 | $2.477M | 1.385M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 88498 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 54422 | 23 |
View Market Depth
| Last trade - 14.07pm 20/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |