I can't seem to find a thread for charts on ST1, so I wonder if it's worth starting one.
The first thing that stands out is that ST1 has almost doubled in value over the last quarter. At the beginning of the quarter - early April - news emerged of the acquisition approach from Uniti Wireless (UWL).
That marked a kind of turning point in ST1's history. Since that rejection of UWL's approach, two new acquisitions have been made, and five new levels of support have been created:
Last week's prices approached a 12-month high, and in good news for existing holders, monthly trading volumes are higher than the monthly volumes (at similar prices) last year:
Arguably ST1 is a stronger and better known company than the previous time it flirted with $0.25 (back in 2018).
Adding some moving averages to the weekly chart, the 30-day average (shown below in yellow) is now starting to rise above the 200-day moving average (shown in blue). This golden cross may be a good sign - if it can be sustained:
That leads to the next question - can ST1 keep growing? Once the annual report is in, will it have delivered a good return on investment for the 2018-19 financial year?
After all, it is up against the National Broadband Network. As reported by the Australian Financial Review, Philip Knox, the Chief Financial Officer of NBN Co, recently said:
"We [NBN Co] remain very confident in our financial forecasts and strength of our business and ability to deliver a modest commercial return of 3.2 per cent to the Commonwealth government."
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Last
4.4¢ |
Change
0.001(2.33%) |
Mkt cap ! $60.13M |
Open | High | Low | Value | Volume |
4.3¢ | 4.4¢ | 4.2¢ | $10.08K | 239.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 46983 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 1045 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 46983 | 0.042 |
1 | 167732 | 0.041 |
2 | 327772 | 0.040 |
3 | 712821 | 0.039 |
1 | 50000 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 1045 | 1 |
0.045 | 50334 | 1 |
0.046 | 300 | 1 |
0.048 | 25870 | 2 |
0.050 | 28211 | 1 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
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ST1 (ASX) Chart |
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