I agree that management/admin expenses should be reduced.
I do think however that the cash on balance sheet should be used to continue buying back shares at these levels as this further increases the cash backing per share.
I'm not sure I trust management re making an acquisition but it is quite possible that in the next 12 months some cash flow positive (if not profitable) producing oil assets that are KAR size may become available. Would be good for them to keep enough cash available for these opportunities.
Lazy board, page-5
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Last
$1.83 |
Change
0.050(2.81%) |
Mkt cap ! $1.466B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.84 | $1.79 | $8.392M | 4.606M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6282 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 79500 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |