I believe the hedge funds are shorting kar in anticipation of an early cap raising .
Assumming there won t be a cap raising till later next year as they do have enough funds to last till next year .I would think the short covering will provide us with a much better sp .
Also if the ipo goes ahead then significant value will be put back into the sp too .
The brazil ipo, i would think will happen oct/nov unless the market crashes and then that may go on hold till next year .
just my thoughts .
please dyor .
buy recommendation, page-20
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Last
$1.76 |
Change
0.025(1.44%) |
Mkt cap ! $1.412B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.79 | $1.75 | $6.040M | 3.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20933 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 350 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |