KAR 1.98% $1.80 karoon energy ltd

No good news story, page-2

  1. 317 Posts.
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    The presentation by the Board at the AGM talks about future acquisition of producing fields and targets appropriate for the KAR.
    I am surprised that KAR has not been gobbled up by say a Woodside where the acquisition cost would be minor. WPC could make a bid say based on 13 KAR shares for every 1 WPC. That would mean the issue of about 18,500,000 WPC shares and value KAP shares at about $2.50 each. ( $1.45 of which is cash money).
    The positive for say a WPC is that there is significant dissention among shareholders such that it is possible to grab 20% almost on the spot.
    For KAR shareholders there is no waiting by moving to say a WPC. Dividends flow and the possible bounty from projects like say a Wheatstone offers much blue sky.
    It is of interest to me that none of the predator brokers and or investment bankers have targeted KAR given the shareholder dissent.
 
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$1.80
Change
0.035(1.98%)
Mkt cap ! $1.442B
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$1.79 $1.83 $1.78 $12.59M 6.979M

Buyers (Bids)

No. Vol. Price($)
3 41814 $1.80
 

Sellers (Offers)

Price($) Vol. No.
$1.80 46131 2
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Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
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