KAR 1.91% $1.80 karoon energy ltd

kar brazil float - interesting reading

  1. 1,694 Posts.
    lightbulb Created with Sketch. 15
    Hi syndication, not sure that the mods will like you posting an entire article from a subscription site...

    Ivor Ries is an O&G analyst who I have a lot of respect for - he is generally fairly level headed while still able to appreciate the blue sky potential of certain stocks that so many quant. brokers with their DCFs regularly miss. I especially like his end comment that he holds: '(sadly) a much smaller shareholder in the company than I used to be'.

    Also agree with his valuation - " If the IPO goes through and we put in even the most insulting valuation for their Australian assets , Karoon shares are probably worth somewhere between $10 and $12 "
 
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
(20min delay)
Last
$1.80
Change
-0.035(1.91%)
Mkt cap ! $1.460B
Open High Low Value Volume
$1.82 $1.85 $1.80 $1.989M 1.092M

Buyers (Bids)

No. Vol. Price($)
32 139650 $1.80
 

Sellers (Offers)

Price($) Vol. No.
$1.81 91243 34
View Market Depth
Last trade - 11.33am 30/07/2024 (20 minute delay) ?
KAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.