I hope Cato’s views will be proven wrong - however, the sell sentiment has been correct for more than 4 years with the SP and cash balance trends continuing to decline.
Hopefully a Brazil deal will be announced this month.... you’d think KAR will get something after all these years. I was hopeful when I heard Bob refer to the original deal collapse as a blessing (or something to that effect) at the AGM. He sounded confident a better deal had been made.
It is scary that a $10,000 sell order could sink the SP by 4% this morning and take hours to partially recover - I think everyone (buyers and sellers) are waiting for the news.
Possible bottom alert?, page-88
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Last
$1.53 |
Change
0.055(3.73%) |
Mkt cap ! $1.215B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.53 | $1.47 | $8.888M | 5.912M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7000 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 13273 | 3 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |