I don't get it, they tell us $39 a barrel is breakeven so with prices above this aren't they already repaying debt out of everyday cash flow (and significant amounts with prices in the 50s at the moment)? Why dilute shareholders with this unnecessary raising? Not to mention the fees / transaction costs associated with this kind of thing.
I fear Santos Treasury and Management are too weak to form their own view when banks and advisers tell them they need to raise because of blah, blah, blah...
Very disappointing and makes you wonder what is really happening in the business...
Ann: Santos Institutional Placement and SPP, page-6
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.98 |
Change
0.050(0.72%) |
Mkt cap ! $22.66B | |||
| Open | High | Low | Value | Volume |
| $7.04 | $7.09 | $6.98 | $56.29M | 8.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19356 | $6.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.01 | 39795 | 4 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |