STX 4.65% 22.5¢ strike energy limited

New Broker Reports, page-194

  1. 8,318 Posts.
    lightbulb Created with Sketch. 2907
    True, relaxed.
    But the problem from the start has been whenever brokers make assessment of revenue potential based on exploitation of only a small percentage of the potential resource, the numbers get too big and they potentially loose credibility. A lot of brokers see the upside is huge, but then decide on a projected share price 50-100% greater than current market cap then work back from there.
    Just look at how little valuation is given to SE and Waylering even in more rosey reports like Petra's.
    Sometimes you're better off just multiplying the potential reserves by some valuation of gas in place (e.g. based on peer analysis) then applying your own probability coefficient based your own risk profile. Especially because if you decide to sell at, say, 50 cents (or whatever brokers report you are following) you are potentially leaving quite a bit of money on the table.
    All I'm saying, I suppose, is you have to take brokers reports with a grain of salt with growth stocks like STX.

 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
22.5¢
Change
0.010(4.65%)
Mkt cap ! $643.6M
Open High Low Value Volume
22.5¢ 23.0¢ 21.5¢ $3.339M 14.95M

Buyers (Bids)

No. Vol. Price($)
7 337869 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 1651352 24
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.