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KAR

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4.01%

$1.43 karoon energy ltd

Ann: 2024 Second Quarter Report, page-17

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Josh101

243 Posts.

47

25/07/24

11:48

Post #: 74911354
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Exactly what I thought, step in the right direction $25mil is small but immediate, more will come and shorters will take that into account imo.

more importantly market will take into account dividends now on the back of on going cash printing..

shouldn’t stay under $2

Originally posted by mondyinvest: ↑

This is exactly how I read it. The US$25M BB is immediate and is in addition to the capital returns policy which doesn't technically come into effect until the 2024 half year results.

Regardless, effective from today till 31/12 is (very roughly) approx, 100 trading days which would be around A$380,000 of buying per day, and based on the Market Index 4W $ volumes that's about 5% per day. Nothing huge but it's a sweetener, and if nothing else shows a step in the right direction. They are sitting on a first strike and the board knows it.

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KAR Price at posting: $1.83 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.43		Change 0.055(4.01%)		Mkt cap ! $1.114B

Open	High	Low	Value	Volume
$1.40	$1.44	$1.38	$6.968M	4.909M

Buyers (Bids)

No.	Vol.	Price($)
1	1405	$1.59

Sellers (Offers)

Price($)	Vol.	No.
$1.29	71	1

View Market Depth

No.	Vol.	Price($)
19	103939	1.425
14	120316	1.420
16	250527	1.415
8	43013	1.410
4	370891	1.405

Price($)	Vol.	No.
1.435	63255	28
1.440	161234	19
1.445	80145	13
1.450	347713	25
1.455	36708	7

Last trade - 15.59pm 07/11/2024 (20 minute delay)

KAR (ASX) Chart