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17.0¢ carnarvon energy limited

Ann: Board and Management Changes, page-74

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Rossco42

483 Posts.

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19/12/23

10:53

Post #: 71522509
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Originally posted by lory: ↑

CVN - CARNARVON ENERGY LIMITED Macquarie rates CVN as Upgrade to Outperform from Underperform (1) - A corporate sale or divestment of its Bedout assets could be in Carnarvon Energy's future, as the company seeks to explore opportunities to realise value as part of what Macquarie considers a more disciplined strategy.The announcement comes as the company faces an overhaul of its four director board, with the company's CEO stepping down immediately and the remaining three directors having agreed to retire.The strategy also includes a commitment to no new material acquisitions and a significantly reduced cash burn.The rating is upgraded to Outperform from Underperform and the target price increases to 25 cents from 10 cents. Target price is $0.25 Current Price is $0.20 Difference: $0.055 If CVN meets the Macquarie target it will return approximately 28% (excluding dividends, fees and charges). The company's fiscal year ends in June.

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massively comprimiserd macquarie thinks 25c then its more likely 35c - #comprimised

CVN Price at posting: 20.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.0¢		Change 0.005(3.03%)		Mkt cap ! $304.1M

Open	High	Low	Value	Volume
16.5¢	17.0¢	16.5¢	$74.25K	443.8K

Buyers (Bids)

No.	Vol.	Price($)
6	266481	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	484699	8

View Market Depth

No.	Vol.	Price($)
6	266481	0.160
8	460540	0.155
9	554362	0.150
19	765692	0.145
12	557777	0.140

Price($)	Vol.	No.
0.170	484699	8
0.175	947347	7
0.180	551225	9
0.185	877813	5
0.190	860388	5

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