Yes, effectively agrees that Karoon should pay dividends, capital allocation and management incentives weren't great. Business generates great free cashflow and is cheap but until capital allocation policy is articulated and production hiccups sorted, share price is likely to remain subdued. Sees great value if these can get sorted. Guarav & the II fund both own the stock. They've been covering it for a long time pre-Bauna. I rate Guarav highly as an analyst especially in the commodity stocks.
Karoon or Kaboom, page-2
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Last
$1.87 |
Change
-0.025(1.32%) |
Mkt cap ! $1.498B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.87 | $1.84 | $8.261M | 4.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5493 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 48154 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |