Not sure about that A-N. They didn't do it at $2.92 and at the moment their 30% stake must be earning quite a sizeable dividend around $27.5m pa (please check).
Stokes would know exactly where the energy space is going, and just like Gina Rinehart's purchase of WGO, must see something profitable in this space.
I guess we'll see in the fullness of time. Coto's target was initially $2.00 moving to $4.00. I wonder what Kerry Stokes' target is and if he is in the same league as coto?
Cheers
BW
Beach Energy Limited, page-545
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$1.26 |
Change
0.010(0.80%) |
Mkt cap ! $2.863B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $8.768M | 7.008M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26415 | $1.26 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 41117 | 1 |
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