I hear what you say auto but my understanding is most of these funds are overseas based therefore a buy back if the Aussie dollar was substantially weaker would be in the end detriment to KAR I would think.
Also costs to drill wells in Brasil or anywhere overseas would be in $US denomination which I would think would also be detrimental to the KAR balance sheet in the long run.
Personally i would not like to see a buy back and rather the company keep the cash.
Buy back Usd/aud, page-2
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Last
$1.70 |
Change
-0.035(2.02%) |
Mkt cap ! $1.363B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.72 | $1.69 | $4.805M | 2.821M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1603 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 3178 | 1 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |