STO 0.56% $7.23 santos limited

What happened at close?, page-32

  1. 713 Posts.
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    Parleycross,

    When you wrote:

    "ORG is flying today but STO has barely moved."

    1. The share price was $4.06 representing an increase of 1.2% - not bad for a co'y in midst of finalising a massive cap raise!

    2. I am sure you realised we were already discussing the point you made and just provided some explanations to superpanda's question:

    " I am still not getting why origin shares price has increased a lot more than santos. Santos has glng up and running. "

    Some responses included:

    "STO is still in the middle of concluding a significant cap raise....... (yes...imho) ....

    The retail short fall book-build will be concluded on Thurs (from memory) so we will see whether that is indeed the case in a short few days time." and,

    "STO still being shorted by subunderwriters & bookbuilding participants on the expected retail shortfall. A real anomaly in the Oz market."

    You seem fairly educated in financial markets. With that in mind, I am not sure why you seem so surprised that a company in the middle (or nearing end) of a major cap raise isn't performing as well as a peer who is not?

    I note your sentiment states: sell, and disclosure: not held; but can I confirm whether you are "short" the stock?

    8's
    Last edited by 88888acct: 01/12/15
 
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