If Morgans really believe that ( KAR is a takeover target) , why don't they orchestrate such a takeover? In the same way if the Millionaires Bank believe that Karoon is valued at $5+ why don't they buy 10% at these prices? Why didn't they buy at 38c?
After all MaC Bank own the crystal ball.
Perhaps some of the figures scare prospective bidders/buyers even Mac Bank.
Accumulated losses of $625 Millions , Shareholders funds of $280 Million against 556 Million shares, what is the NTA of KAR?work commitments within 1 year $110 Millions and the massive contingent commitment of $200 Million plus.
What is the real cost of Bauna?
KAR didn't make a profit at a margin of $50 a barrel and if you look at say a margin of $80 per barrel it is still hard to see real dollars dropping on the profit line.
I tried to fathom KAR's derivative position but just gave up.
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Last
$1.71 |
Change
0.000(0.00%) |
Mkt cap ! $1.370B |
Open | High | Low | Value | Volume |
$1.75 | $1.75 | $1.71 | $5.830M | 3.388M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 34987 | $1.71 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.72 | 16190 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 21094 | 1.710 |
2 | 44040 | 1.705 |
15 | 141062 | 1.700 |
5 | 48502 | 1.695 |
6 | 79973 | 1.690 |
Price($) | Vol. | No. |
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1.715 | 5782 | 1 |
1.720 | 38446 | 2 |
1.725 | 131777 | 8 |
1.730 | 15726 | 2 |
1.735 | 45968 | 2 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$1.71 |
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Change
0.000 ( 0.13 %) |
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Open | High | Low | Volume | ||
$1.74 | $1.75 | $1.71 | 1063336 | ||
Last updated 15.59pm 06/06/2024 ? |
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