Hi syndication, not sure that the mods will like you posting an entire article from a subscription site...
Ivor Ries is an O&G analyst who I have a lot of respect for - he is generally fairly level headed while still able to appreciate the blue sky potential of certain stocks that so many quant. brokers with their DCFs regularly miss. I especially like his end comment that he holds: '(sadly) a much smaller shareholder in the company than I used to be'.
Also agree with his valuation - " If the IPO goes through and we put in even the most insulting valuation for their Australian assets , Karoon shares are probably worth somewhere between $10 and $12 "
kar brazil float - interesting reading
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Last
$1.38 |
Change
-0.025(1.79%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $3.804M | 2.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38853 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 16869 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |