KAR 0.52% $1.90 karoon energy ltd

Doubtful re buyback. Small chance of dividends at half year or...

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    Doubtful re buyback. Small chance of dividends at half year or more likely this time next year. SOI is ok as it is. More chance more M & A & cap raising than buybacks at this stage IMO.They need to bed down acquisition, confirm they can deal with production issues at Bauna & generate cash for another 18 months at least before any buyback would be considered - & they wouldn't use debt to buyback (actually its probably a covenant?)
 
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