KAR 0.30% $1.68 karoon energy ltd

The Sandon Capital MD - MUST WATCH, page-4

  1. 188 Posts.
    lightbulb Created with Sketch. 10
    here we go .. another $hit show.
    happened at whc.
    these funds remember serve their own interests.
    i don’t personally see 1 thing wrong with how KAR have progressed business plans inc the acquisition and the price they paid. it’s all very easy to point the finger but let’s see attitudes change IF oil goes up and IF they strike. same if the opposite occurs - you’d want to have a strong balance sheet and wish that cash didn’t disappear.
    this is all distracting management from managing and what i want to see is operational performance do better.
    I like the idea of acquisitions and i’d be happy with a small payout also after all costs and contingencies are covered IF oil goes up IF they do strike and IF they have the balance sheet.
    This is a VERY opportunistic play by these investors and i think a better approach should have been to work with management and assist with funding for expansion plans and creating room for dividends might have been a better win win.
 
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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
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