That view will be based on a DCF model which as a forward view carries large inherent risk. Id say Morgan's prefer to take the guaranteed bankers margin for facilitating a takeover rather than own the shares themselves.
so saying my (very simple) dcf came to a similar'ish number using higher oil price while a more sustainable poo view resulted in $1-1.5/share lower value, it includes view of their large capital costs going forward, but makes huge assumptions on the resources recoverable and cost to tie in neon/goia to bauna field to prolong the cost effective operation of that fpso and hence Max BBL's from bauna/patola field, Execution risk is sizeable at this stage. Either if the intervention doesn't deliver their target prod level, neon isn't developed or they need a separate fpso for neon/goia, each can have a large impact on calculated 'value'. As always, never take any view of company value as gospel. Dyor...
full disclosure, I am bullish on the upside potential for Kar and have bought a reasonable parcel (for me) in last few months. A lot to like here, even if company has had a checkered past.
- Forums
- ASX - By Stock
- KAR
- Macquarie says Karoon worth $5.15 if oil > 100
Macquarie says Karoon worth $5.15 if oil > 100, page-11
-
- There are more pages in this discussion • 657 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KAR (ASX) to my watchlist
|
|||||
Last
$1.81 |
Change
0.060(3.43%) |
Mkt cap ! $1.453B |
Open | High | Low | Value | Volume |
$1.78 | $1.81 | $1.76 | $8.120M | 4.523M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5782 | $1.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.81 | 204687 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5782 | 1.795 |
2 | 8782 | 1.790 |
1 | 5782 | 1.785 |
2 | 7282 | 1.780 |
1 | 5782 | 1.775 |
Price($) | Vol. | No. |
---|---|---|
1.810 | 33591 | 3 |
1.820 | 65000 | 2 |
1.825 | 37982 | 3 |
1.830 | 10182 | 2 |
1.835 | 5782 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
KAR (ASX) Chart |