KAR 1.72% $1.48 karoon energy ltd

Pathetic

  1. 7,294 Posts.
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    Dear friends,

    Closing the financi9al year in the most pathetic closing as possible.
    From the 3.12 one year ago, closing 1 year later,after pay good wages to all "team" and a good life the share close at 2.20.

    My posts from Nov 2014 told about the lack of retail will promote further drops because the funds just don't care to "help",exactly the opposite..If they see a chance to make money lending shares to be short,they will.

    What remain to the next 2015/2016 ?

    Well... next AGM ,if the share doesn't cross the 3 the board will face a third round with the holders. Yes,they still will have good chances to be re-elected mainly if the alternative will be poor and scare.

    But something new can come on board.. Maybe one competent competitor come and buy Kar. That would be the best to shareholders.
    How far can the company go with so poor credibility ?

    One strong CEO and team break as dust any short volume...

    Good luck guys...

    I'm here with 95% cash and searching amazing companies to slowly recover... My forecast is 7-8 years...
    But happy !

    Cato
 
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