Ok just lets think this through nice and slowly for the non-holders hell bent on finding anything to paint a doom and gloom picture:
1. Shorters - what will they do? there are a lot of shorted shares out there that need to be covered...
2. Instos - how many will want to increase their holdings now the Credit downgrade has been muted and the CR is no longer a dark cloud?
3. The entitlements are tied to the STO share price in a fixed ratio - if one is in demand it will directly influence the other..
4. HONY - they have drawn a line in the sand at $5.71 anything below that is cheap buying for the instos
5. Knox got booted we now have a new CEO who was touted to run Woodside no less..
6. The debt will be reduced therefore the company will be in a stronger financial position - TO still possible - maybe Spectre will start buying in..
7. GLNG is up and running and will only increase output going forward increasing the cashflow and the new CEO was chosen because of his history of cutting costs in gas/oil production.
8. STO have hung onto their full share in PNG LNG - the cash cow..
anyone else can think of something for that list of positives?
$3.85 a share entitlement offer ??, page-50
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Last
$6.79 |
Change
-0.010(0.15%) |
Mkt cap ! $22.05B | |||
| Open | High | Low | Value | Volume |
| $6.82 | $6.84 | $6.75 | $39.49M | 5.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 98628 | $6.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.79 | 4571 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |