Overall a steady result from KAR, reporting lower headline earnings vs
expectations while cash earnings were closer.
KAR maintaining FY23 unit cost and production guidance highlights the bulk of
earnings are skewed to 2H23.
Even the lower-than-expected 1H23 result with EBITDAX of US$176m puts KAR
on an EBITDAX multiple of just ~2.0x, a sector low.
Bauna wells continues to post a steady performance, now declining at typical rates.
Neon could compete seriously for capital in KAR’s next phase of growth.
We maintain our ADD rating on KAR, with an updated TP of A$3.60 (from A$3.70).
Source: Morgans
Overall a steady result from KAR, reporting lower headline...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.44 |
Change
-0.045(3.03%) |
Mkt cap ! $1.122B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.48 | $1.44 | $7.950M | 5.468M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16364 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 6448 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |