Having a look at the TY2023 Report - "Cash for strong balance sheet, growth, dividend" (in this order, apparently)
- Neon - FEED - Early 2025 ; FID - 2025 - CAPEX required in 2026? Plenty of cash to accumulate until then (
- Who Dat - Some potential organic growth there from what I can see - might require some CAPEX (40% of the total, given KAR owns 40%)
- Like the strategy of entering GoM in a "brownfield" asset (already with established operations) to diversify from Brazil
I believe KAR Management is doing a good homework... If there is no crazy capital allocation or huge drop in oil prices, it looks pretty positive for me.
Ann: TY23 ASX Release & Investor Presentation, page-20
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Last
$1.73 |
Change
-0.155(8.24%) |
Mkt cap ! $1.406B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.82 | $1.72 | $13.12M | 7.444M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 20156 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 75967 | 35 |
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| Last trade - 15.04pm 05/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |