800m SOI @ 1.93 here = $1,544m.
Net debt by end of Q should be around $A225m (US$150m).
Allow some rounding and call EV A$1.8bn
If they hit 13mbbl next year and upper end costs and $70 oil they should still make around A$800m EBITDA.
Trading at 2.25x here.
Now multi asset play and security of longer LOM across the book.
Can't really work out the selling. On a medium term view looks good and plenty of potential for capital returns from H2 next year.
A free present, page-32
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Last
$1.46 |
Change
-0.065(4.26%) |
Mkt cap ! $1.160B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.52 | $1.45 | $15.96M | 10.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 119063 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |