Well, I would not be so quick.
Autosime was putting forward a valuation of $600mil, where the company is now. ie this is what the free market has valued the company at.
My concern is that he is right.
I know people say this is oversold, and maybe that is right............and we have broker firms valuing this at 30c a share. I have always seen these broker firm valuations as being optimistic.
I really hope this recovers, I really wish I sold a few weeks ago, STX management need to fix this with fast action and solutions.
I take on board they cannot get every drill right, but this is not just a drill. They have centred the business around SE, even bought the property. SE is a base core to the business and they need to find a solution.
Otherwise we go back 2 or 3 years in progress. (hence the share price)
Just my view.
Ann: 1HFY24 Results and Operational Update, page-68
-
- There are more pages in this discussion • 67 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 STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $616.0M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.0¢ | $4.542M | 20.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 343465 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 563407 | 9 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STX (ASX) Chart |