Does anyone have a view whether STO will have another share placement to fund its proposed 2010 capex?
When the last placment was announced the shares fell from over $17 to around $13.50. I think the current depressed price is partly because the market is anticpating a placment.
Being nervous about a placement I quit my 10,000 shares in STO this morning. But in my view, STO is a strong buy if there were to be no placement but the price will remain depressed until the issue is clarrified.
Please do your own research
will there be a share placement?
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Last
$7.79 |
Change
0.135(1.76%) |
Mkt cap ! $25.25B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.80 | $7.71 | $12.62M | 1.621M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 36092 | $7.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.79 | 41659 | 43 |
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| Last trade - 12.14pm 26/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |