There are only 2 main events that the share price can rocket (or 3 if gobbled up by an oil major because of the cash pile.)
1) The POO north of $ 60 - that will make the oil find in Brazil profitable and worth developing otherwise it is a dead duck even with the success of upcoming appraisal well campaign, 100 m 200 m 500 m barrel of oil proven is irrelevant, not viable at current foreseeable POO.
2) Change of board / management - sitting on big pile of cash with no strategy plans (short / medium / long term) to improve shareholders value is pretty much useless. Was $ 540 m last year , $470 m now, will be $ 350 m next years after the appraisal wells and ongoing expenditure, $200 m plus left by 2018 and $100 m plus left in 2019 and bugger all left beyond 2020 with no great prospect by just relying on the Brazilian asset .
Has been going for more than 10 years without producing a drop of oil.
Very lucky to secure $500 m plus from Origin for the Browse asset, pretty inept and clueless how to improve SH value apart from smoking cigars for the last 2.5 years - still looking , looking, looking, looking, looking, looking for opportunity .
The drip and drap buy back initiative is a joke, normally when a company conduct a share buyback, the share price go north , this one go south, go figure.
More like a pension fund than a oil / gas explorer/developer
- Forums
- ASX - By Stock
- KAR
- Ann: Daily share buy-back notice - Appendix 3E-KAR.AX
Ann: Daily share buy-back notice - Appendix 3E-KAR.AX, page-21
-
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KAR (ASX) to my watchlist
|
|||||
Last
$1.92 |
Change
0.090(4.92%) |
Mkt cap ! $1.539B |
Open | High | Low | Value | Volume |
$1.86 | $1.92 | $1.85 | $18.66M | 9.832M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11055 | $1.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.92 | 144289 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5427 | 1.910 |
2 | 13815 | 1.905 |
1 | 5427 | 1.900 |
1 | 5427 | 1.895 |
1 | 5427 | 1.885 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 32058 | 5 |
1.925 | 6427 | 2 |
1.930 | 11427 | 2 |
1.935 | 18427 | 2 |
1.940 | 25427 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
KAR (ASX) Chart |