My "theory" is that the money for the 30% wanted for Browse (not 40%) is more than the money being offered.
OF COURSE!
KAR is not in a great bargaining position though as they keenly need the cash - check the balance sheet.
The fall back position is still alive and KAR may be keen to expose the shorters (as we are), but I am unsure how.
The only way is a decent asset sale or the fall back.
TheGoodOil seems to know more than me on this.....
all IMHO
My "theory" is that the money for the 30% wanted for Browse (not...
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Last
$1.47 |
Change
-0.058(3.77%) |
Mkt cap ! $1.164B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.52 | $1.46 | $9.561M | 6.457M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 68435 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 234995 | 60 |
View Market Depth
| Last trade - 14.40pm 27/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |