When Arrow Energy succumbed to a takeover by Shell & Petrochina in 2010 I remember being disappointed with the price at the time.
(Stephen Bizzell was on the Arrow board then too!)
With the benefit of hindsight I realised that there were 'big picture' issues that the Arrow Board were across but these weren't obvious to retail holders nor were they given much oxygen on HC.
I got over it and moved on but learned to temper my expectations.
While I'm hoping the next 12 months will see STX trading well above $0.50 (and will hold on as long as possible), I'm fearful that one of the gorillas will eventually prevail and we'll inevitably be deprived of "full value."
When Arrow Energy succumbed to a takeover by Shell & Petrochina...
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Last
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $629.6M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.3¢ | 22.0¢ | $1.238M | 5.531M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 327178 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 318446 | 8 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
22.0¢ |
Change
-0.010 ( 3.80 %) |
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| Open | High | Low | Volume | ||
| 22.5¢ | 23.3¢ | 22.0¢ | 3834406 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| STX (ASX) Chart |