Cato you're turning into WebSpyder with your profound statements and trading focus! IMO, the big risk with KAR (other than the *teeny* question of drilling to establish whats in the ground..) is the next CR which will have to happen in the next 12 months - and probably in H1 of 2013. I reckon they may go for >$100m (they key reasons I was disappointed they couldn't get more cash up front from PR - even in exchange for another 5% of Santos) which if the SP doesn't put on another buck or two in the meantime will probably mean dilution of 20-25m shares. So far one of the metrics in which KAR has really outperformed (and something Swanny and other LT investors rightly put a lot of weight in) is shares on issue. But to have to do the next CR at prices significantly below those 4 years earlier would be disappointing and would start make me question whether KAR is perhaps slightly overreaching at the margin - eg. WA 482P two year work program for instance. Shame really because in a different market KAR would be richly rewarded for its aggressive portfolio building and would be widely touted as another WPL.
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Last
$1.83 |
Change
0.015(0.83%) |
Mkt cap ! $1.466B |
Open | High | Low | Value | Volume |
$1.86 | $1.86 | $1.82 | $9.850M | 5.367M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 38837 | $1.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.84 | 22163 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28077 | 1.830 |
3 | 63466 | 1.825 |
6 | 45104 | 1.820 |
1 | 5493 | 1.815 |
2 | 5533 | 1.810 |
Price($) | Vol. | No. |
---|---|---|
1.845 | 27947 | 3 |
1.850 | 148009 | 10 |
1.855 | 79234 | 8 |
1.860 | 315116 | 13 |
1.865 | 5993 | 2 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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