KAR Enterprise Value profile @ time of GOM Acquisition:
MC - A$1.64b (based on SP of $2.05)
Cash at Bank - US$80m (A$121m)
US Debt - US$300m (A$455m)
Petrobras Deferred Acquisition Liability - US$220m (A$333m)
Imputed EV: A$2.307b
KAR EV profile @ 30Jun24 (7 months after GOM acquisition):
MC - A$1.5b
Cash at Bank - US$400m (A$606m)
US Debt - US$300m (A$455m)
Petrobras Deferred Acquisition Liability - US$132m (A$200m)
Imputed EV: A$1.549b
Exchange rate of 66c used.
Does this imply that the KAR SP should be $3.05 ($2.05 X 2.307 / 1.549) at 30Jun24?
I must have made a mistake here but I just can't find it. Logic error?
The 30Jun24 Cash at Bank is questionable. Especially given GOM earnings will likely be retained by the JV to fund US$120m (our share) in future CapEx.
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Last
$1.81 |
Change
-0.025(1.36%) |
Mkt cap ! $1.450B |
Open | High | Low | Value | Volume |
$1.81 | $1.85 | $1.80 | $6.694M | 3.678M |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 72717 | $1.81 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.82 | 17108 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 6483 | 1.810 |
4 | 3858 | 1.805 |
6 | 39593 | 1.800 |
3 | 20493 | 1.795 |
6 | 11009 | 1.790 |
Price($) | Vol. | No. |
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1.820 | 5493 | 1 |
1.825 | 5493 | 1 |
1.830 | 5493 | 1 |
1.835 | 5493 | 1 |
1.840 | 5493 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.81 |
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Change
-0.025 ( 1.34 %) |
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Open | High | Low | Volume | ||
$1.81 | $1.85 | $1.80 | 1115604 | ||
Last updated 15.59pm 24/05/2024 ? |
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