STOR Santos Retail entitlements, page-23

  1. 39 Posts.
    Yes all true but the problem is the Santos Board only gave us until Monday to sell on asx, nov 30 to buy rights or be forced to wholesale book build - we don't have time on our side as shareholders

    OPEC meets dec 4 if they cut sto shareholders who didn't take up the rights will be furious

    Problem is most shareholders already had their portfolios weighted for Santos and don't want to unbalance it by adding another 58% to their energy holdings

    I have 106,500 shares and don't want to outlay more cash but I don't have time to not to and at the bottom of the cycle

    The Santos board have screwed the shareholders by doing this and it's coming to you from a merchant banker who devised these transactions for a living
 
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