I didn't like the takeover idea but at the time it was in shareholder's best interests.
They SHOULD HAVE done a cap raising or sold assets as the SP started to slide.
$15, $14, $13, $12, $11, $10, $9, $8, $7... then back up to almost $9, no action, then $8, $7, $6, $5, $4..
They SHOULD HAVE hedged oil price at $110 a barrel - clearly there was more downside risk than upside.
But do this would've required a proactive board with some sense
$3.85 a share entitlement offer ??, page-96
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $21.82B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55681 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |