Origin (ie the company most similar to Santos) did the same thing last month. Entitlement offer of $4. Share price hasn't traded below $5.28.
Anyone who thinks Santos trades at below $3.85 is dreaming.
Capital raisings are not always a bad thing especially for companies where it is already accounted for in the share price.
No major asset sales, page-36
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Last
$7.99 |
Change
0.160(2.04%) |
Mkt cap ! $25.94B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $7.99 | $7.84 | $46.97M | 5.897M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7542 | $7.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 69021 | 29 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |