Despite a 15% rise in oil prices, the share price of our largest holding, Karoon Energy (9.5% of the Fund), declined by 6% over the year, while Horizon Oil (7.3% of the Fund) delivered a 50% return, benefiting from effective management and strategic capital allocation. Despite our efforts to drive improvement at Karoon, the stock continues to underperform. This contrast between Horizon and Karoon highlights the importance of management quality and alignment with shareholder interests.
https://www.samuelterry.com.au/pdf-letters/2024-Annual-Letter.pdf
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Last
$1.61 |
Change
-0.025(1.53%) |
Mkt cap ! $1.177B | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.63 | $1.60 | $7.714M | 4.790M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 23431 | 2 |
View Market Depth
| Last trade - 16.10pm 10/09/2025 (20 minute delay) ? |
| KAR (ASX) Chart |