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.
- Forums
- ASX - By Stock
- short selling
Cato you're turning into WebSpyder with your profound statements...
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KAR (ASX) to my watchlist
|
|||||
Last
$1.82 |
Change
0.053(2.97%) |
Mkt cap ! $1.458B |
Open | High | Low | Value | Volume |
$1.79 | $1.83 | $1.78 | $3.048M | 1.690M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 40102 | $1.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.82 | 43386 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 53379 | 1.810 |
14 | 46805 | 1.805 |
19 | 172958 | 1.800 |
12 | 74381 | 1.795 |
16 | 399051 | 1.790 |
Price($) | Vol. | No. |
---|---|---|
1.815 | 14636 | 8 |
1.820 | 87594 | 20 |
1.825 | 98145 | 20 |
1.830 | 60635 | 19 |
1.835 | 103864 | 16 |
Last trade - 10.53am 26/06/2024 (20 minute delay) ? |
Featured News
KAR (ASX) Chart |