KAR 1.03% 96.0¢ karoon energy ltd

Currency Movements v Value

  1. 5,879 Posts.
    lightbulb Created with Sketch. 21
    Assets calculated in USD
    Dollars in USD Accounts.

    December 8 Market Cap at 674 million KAR cost Erwin and his mates 459 million USD

    Today $2.39 same calculation 241 mil SOI = $579 AUD = 453 million.

    And you still wonder why we have the rinse....wash....repeat.

    They get to drag it down in AUD purchase of shares- all the while the currency sinking just gives them more money to play within USD and the Market Cap gets lower to do the same. To ad a beautiful mix - the cash held by KAR accrues in USD interest - yes there are expenses but still - talk about the perfect arbitrage for the suitor.

    We can only hope more than one says it this way and we get close to $4

    Money's flowing into AUS equities ( admittedly not much appetite for the spec end).

    It is now apparent and totally irrelevant what you may assume any ( if any asset value) is attributable to KAR - was it one of our good friends who recently do a Reported on KAR based on 0 asset value and was still around $4 something?

    Let's just prey for the side track to complete - get to the money hole even though this well will prove commercial too.

    The money men have done a beautiful job - just applying finishing touches ( few more months of SP torture) then bye bye Hosking clan and KAR
    Last edited by Black Swan: 06/02/15
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
(20min delay)
Mkt cap ! $238.7M
Open High Low Value Volume
97.0¢ 97.0¢ 95.0¢ $110.1K 114.2K

Buyers (Bids)

No. Vol. Price($)
2 57949 95.0¢

Sellers (Offers)

Price($) Vol. No.
98.0¢ 10000 1
View Market Depth
Last update - 16.10pm 19/04/2019 (20 minute delay) ?
-0.010 ( 2.06 %)
Open High Low Volume
96.0¢ 97.0¢ 95.0¢ 72691
Last updated 15.59pm 19/04/2019 (live) ?
KAR (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.