STX 7.14% 22.5¢ strike energy limited

Strike - undervalued despite company-making announcement, page-81

  1. 759 Posts.
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    I disagree.

    Through repeated capital raises we were languishing in the low to mid 20c. We are now (because of events) low 30 c perhaps headed to mid 30c. Our value is not the sum of parts it is corporate value that in the current regime needs to constantly capital raise. Hence a significant discount on value of the sum of parts. Also keep in mind potential that is significantly discounted, 3 Billion for Haber !!!

    Currently because of the script for script offer we are tied to WGO share price,

    My view on outcome:

    1) Gina will have a blocking stake perhaps in joint with STX,
    2) STX will pull the script for script offer,
    3) STX share price say Feb / March next year will settle back to 25c,
    4) Then STX will have a takeover bid from Gina

    Just my view. I sold some shares yesterday, happily at a good profit. I am likely to sell more this week based on the above as my view I will be able to buy them back significantly cheaper in a few months.

    Just me thoughts.

 
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Last
22.5¢
Change
0.015(7.14%)
Mkt cap ! $644.7M
Open High Low Value Volume
21.0¢ 22.5¢ 20.5¢ $2.660M 12.36M

Buyers (Bids)

No. Vol. Price($)
2 135042 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 2190726 28
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