KAR IFL

Ann: Change in substantial holding from IFL, page-16

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stevo

12,969 Posts.

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23/11/14

20:01

Post #: 14338347
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Originally posted by stevo ↑

Hi bellas,

I enjoyed your HC post.

Just wondering if Kar can buy that many shares per day under buy back guidelines. I cannot find anything to the contrary, so perhaps they can. Any sp increase would depend on whether there is a further attempted drive down by others. Further, they can only buy up to 5% above previous five day vwap, This by my calcs would only allow sp to increase from a guesstimated starting price at say $3.20 up to around a max of $4.00 over the eight buying days. This is based on only Kar buy back for any SP increase. Hopefully that will not be the case.

So really, unless I have made a mistake, the real benefit in sp increase,say to $5 would have to come from kar working in tandem with increased buyer interest. Some buyer interest has been demonstrated in the last few days. Another insto buying like IOOF would be of great benefit. This would provide greater vwap increases and allow kar to pay higher prices,hopefully overcoming any potential drive down by short sellers over the eight days.

Personally,I cannot see the shorters achieving much success from here on in, unless there is a t/o being planned. The shorters certainly have the fire power to overcome KAR's buying ability, if they wish.

BTW, that 2,000,000 buy by IOOF on the 19/11. has increased 9.75% or nearly $200,000. In two days. Nice work.!!

good to see you post again bellas.

Expand

Actually I got that wrong. 9.75% is $522,000.

Very nice work.

IFL Price at posting: $8.96 Sentiment: None Disclosure: Not Held

KAR Price at posting: $2.94 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.95		Change -0.010(0.51%)		Mkt cap ! $1.435B

Open	High	Low	Value	Volume
$1.95	$1.98	$1.91	$10.03M	5.155M

Buyers (Bids)

No.	Vol.	Price($)
3	776	$1.95

Sellers (Offers)

Price($)	Vol.	No.
$1.95	46859	2

View Market Depth

No.	Vol.	Price($)
3	776	1.945
1	375	1.940
1	20000	1.935
2	72108	1.925
4	41790	1.920

Price($)	Vol.	No.
1.950	46859	2
1.955	19659	1
1.960	19659	1
1.965	19659	1
1.970	20000	2

Last trade - 16.10pm 25/06/2025 (20 minute delay)

KAR (ASX) Chart

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Ann: Change in substantial holding from IFL, page-16

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