If you had a great idea for an App or some new idea in IT you went to CVB.
The Bank was initially rocked by shares in Tech going backwards and then the unthinkable , up went interest rates.
The Bank had invested heavily in bonds over a couple of years. This is what banks do. They use your money to make bigger returns than they pay you. That's fine that's what keeps things ticking along.
With the financial chaos that appeared during the last couple of years the bonds begun to return a lower rate.
With that the start ups and IT companies some of whom were tied to Crypto became nervous , then the bank run , or a run on the bank , the rest will be read about in the History books if indeed the lefties allow History to be taught in the Schools of the Woke States. We have a saying where I live, It says all the chooks eventually come home to roost.
- Forums
- ASX - By Stock
- STO
- STO Well positioned
STO Well positioned, page-159
-
- There are more pages in this discussion • 489 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $22.21B |
Open | High | Low | Value | Volume |
$6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5564 | $6.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.84 | 5679 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4100 | 6.830 |
9 | 36008 | 6.820 |
6 | 16560 | 6.810 |
21 | 142051 | 6.800 |
8 | 15745 | 6.790 |
Price($) | Vol. | No. |
---|---|---|
6.850 | 100 | 1 |
6.860 | 6455 | 2 |
6.880 | 2180 | 2 |
6.910 | 100 | 1 |
6.920 | 3193 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
STO (ASX) Chart |