FWIW:
Citi believes Karoon has the funds to continue with the Browse appraisal but will need to farm down either Brazil or Browse prior to commencing the Brazil appraisal in the second half. The broker considers the current discount in the share price, which stems from market concerns about farming down, is not warranted, given the value of the underlying assets.
The rating is upgraded to Buy/High Risk from Neutral/High Risk. The target is reduced to $5.88 from $6.27.
Upgrade to Buy from Neutral
upgrade, page-3
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Last
$1.34 |
Change
-0.035(2.55%) |
Mkt cap ! $1.030B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.32 | $6.009M | 4.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3803 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 75802 | 16 |
View Market Depth
| Last trade - 15.10pm 13/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |