So $500m cash end of Jan. AUD down another 6%... so let’s call it 525 cash as of today. Plus deposit of $80m aud. Makes us worth approx $600m today.
this is a win win situation.. if the deal goes ahead , it will be because the oil price has risen and banks are comfortable lending with the appropriate hedge or in the unlikely event that Petrobras reduces the cost some how to make the banks lend less.
other scenario is the deal doesn’t go ahead because the banks won’t lend at this price and we revert to cash value plus get the deposit back because it was out of our control.
bottom line, my view is if we get this asset, it will be because it adds shareholder value = price up or if we pull out due to financing then we go up as well>1.
Make no mistake here, the banks are full of shale debt(which is about to default),.. there is no chance they will take on more risky oil debt.
PB
- Forums
- ASX - By Stock
- KAR
- My thoughts
My thoughts
-
-
- There are more pages in this discussion • 501 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.56 |
Change
-0.048(2.96%) |
Mkt cap ! $1.215B |
Open | High | Low | Value | Volume |
$1.56 | $1.57 | $1.55 | $3.121M | 2.005M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 85052 | $1.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.56 | 28440 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 69646 | 1.555 |
23 | 224317 | 1.550 |
16 | 148976 | 1.545 |
14 | 123837 | 1.540 |
9 | 47838 | 1.535 |
Price($) | Vol. | No. |
---|---|---|
1.560 | 25162 | 15 |
1.565 | 131106 | 23 |
1.570 | 81430 | 15 |
1.575 | 67821 | 10 |
1.580 | 113589 | 11 |
Last trade - 11.49am 09/10/2024 (20 minute delay) ? |
Featured News
KAR (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online