STX 8.82% 18.5¢ strike energy limited

Ann: Webinar Registration for Q4 FY24 Financial Results, page-141

  1. 8,669 Posts.
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    Actually, there was a lot of dodgy capping activity going on with WGO for at least six months prior to the takeover battle.
    It's why some of us got in at 12 cents, and why STX moved with a scrip offer, eventually flushing out Beach and Gina.
    It ended up going for 36 cents. Whether you agree the price was repressed or not, it was ridiculously undervalued as evidenced by the eventual 200% takeover premium (i.e. compared to the ~12 cents it was trading at for quite some time).
 
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