KAR 1.61% $1.53 karoon energy ltd

Ann: Becoming a substantial holder, page-8

  1. 2,583 Posts.
    lightbulb Created with Sketch. 908
    FYI, a brief history:

    Samuel Terry (ST) became a substantial shareholder of another oiler, Horizon Oil (HZN), in June 2021. See Post #: 53595320

    ST
    holds ~19.9% of HZN at an average buy in price of 8.6c. HZN closed today at 18.5c.

    ST has a nominee on the HZN BoD. See Post #: 54196628

    Since ST bought in, HZN has made regular distributions of ~ 3c pa. ST would be close to being free carried on its HZN shares.

    DYOR
    Last edited by Guerilla: 09/04/24
 
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.