It all seems to be a perverse set of circumstances where we find the sp at 95c and a CR at 93c, We all hope that KAR will be rerated on becoming a producer in the acquisition of Bauna, and on the ann of the Bauna acq. the KAR sp raced to $1.80 in a manner that reflected the new status as a soon to be producer - HOWEVER if anyone took the time to noticed KAR is a producer and has been now since january 2019!!!!
so what of the rerating then - is the mkt so scared of the risks out there - ie the Brazil gov wont ratify the acquisition ( aurely only a weak chance given history though still not completely out of question - but all funds and debt would be repaid), or some other unknown risk, is the debt too large to service?? ( all the figures point to it not being onerous), are there risks to the production profile? ( doubt it, it has been producing successfully for years), is there little oil left?? ( no still good years remain and additional 2C resources might convert to reserves) - so why are we really at 95c
could it be just so the placement was made at a level that makes it a laid down mazaire for the big end of town.
the only saving grace is at least the mums and dads do get a look in at these prices too, but as commented on here can many stump up the extra - In many ways a cant see too much downside but Hey - i didnt see 93c CR 3 months ago when sp flying on acq ann. But i am inclined to take up my entire share just so the underwriters dont get any of my allocation
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Last
$1.58 |
Change
-0.125(7.35%) |
Mkt cap ! $1.263B |
Open | High | Low | Value | Volume |
$1.67 | $1.68 | $1.56 | $17.52M | 10.90M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 53811 | $1.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.58 | 26621 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.650 |
4 | 15871 | 1.640 |
1 | 5000 | 1.620 |
1 | 2897 | 1.615 |
1 | 500 | 1.610 |
Price($) | Vol. | No. |
---|---|---|
1.420 | 500 | 1 |
1.550 | 15132 | 3 |
1.575 | 25414 | 4 |
1.590 | 4553 | 1 |
1.595 | 25144 | 2 |
Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
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