Australia's largest stock trading and investment forum Australia's #1 stock forum

KAR

Click for more information

2.79%

$1.92 karoon energy ltd

any guesses on where it opens tomorrow?

First 16 Last

Share
Profile

Follow
Dpowell

362 Posts.

278

16/11/23

11:53

Post #: 70936199
Share

Originally posted by ProPunter23Red: ↑

The deal is a tad expensive at US$23.20 USD / bbl for 2P with WI costs in the GoM, but the deal gets them inclusion in the asx200 and a heap of index buying so I can see why management got suckered into it, plus it derisks from exposure to further Brazilian tax changes.

What always gets lost on these deals is the destruction to the share price, i.e. the discount it effectively placed on their existing Brazilian assets, so really the purchase price cost them and extra $200m, as I can't see it trading above $2.40 any time soon.

Expand

any guesses on where it opens tomorrow?

KAR Price at posting: $2.15 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 38 more messages in this thread...

First 16 Last

Add KAR (ASX) to my watchlist

(20min delay)
Last $1.92		Change -0.055(2.79%)		Mkt cap ! $1.534B

Open	High	Low	Value	Volume
$1.96	$1.97	$1.90	$9.373M	4.876M

Buyers (Bids)

No.	Vol.	Price($)
9	103509	$1.92

Sellers (Offers)

Price($)	Vol.	No.
$1.92	5215	1

View Market Depth

No.	Vol.	Price($)
6	33907	1.915
8	160501	1.910
12	169701	1.905
20	207642	1.900
4	36427	1.895

Price($)	Vol.	No.
1.920	5215	1
1.925	8261	2
1.930	79287	5
1.935	255343	6
1.940	55966	3

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last $1.92			Change -0.055 ( 2.89 %)
Open	High		Low	Volume
$1.96	$1.96		$1.90	1210567
Last updated 15.59pm 13/05/2024 ?

KAR (ASX) Chart

SPONSORED BY