Cato, the market can stay irrational longer than you or I can stay solvent.
1. Board isnt buying. They are not boosting confidence.
2. 5m short and rising, these shorters are not worried about covering. Why? I dony buy chinese walls nonsense. If kar approached a bank for cr, they are shorting. It gives them a free ride plus double dip by tendering higher underwriting price.
3. Grace was not even remotely successful.
4. Santos wants to sell crown, that does two things. One it reduces santos looking to takeover kar or farm into browse. It also means our asset os less valuable.
5. We are hiring more bankers meaning we are struggling to sell.
The one big positive is investment bankers are a greedy lot. Sum of our parts now well and truly exceeds our mcap and many analysts will be looking to organise a takeover and split up with maybe an ipo or two. Theres plenty of cream for their efforts.
coming back to racional mode, page-2
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Last
$1.90 |
Change
0.010(0.53%) |
Mkt cap ! $1.523B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.91 | $1.88 | $8.431M | 4.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 57900 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 141847 | 6 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |