All comes down to visablity.
We will probably look back in the future and thank the credit crisis. If Hybrid float proceeded when it was originally planned then we would have likely had to offload 75% of it at a fairly basic price. Now, with the cashflow from rayburn and increased recognition of CSG / CTL then STX could get away with having just one or maybe two corner stone investors which will give us STX holders significnatly greater exposure and upside! Who would have thought they would be saying thanks for the credit crunch :-)
Nice little jump from STX in the last hour. Someone wanted in! That sort of money normally doesn't jump in without significant confidence.
stx and ucg potential, page-10
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $1.096M | 5.415M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 2599619 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 451618 | 5 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |