Australia's largest stock trading and investment forum Australia's #1 stock forum

STL

Click for more information

0.00%

$1.90 stargroup limited

Absolute killer for Todd... Has been some volume going through...

First 4 Last

Share
Profile

Follow
haro87

204 Posts.

26/06/17

13:14

Post #: 25490592
Share

Originally posted by UnclePanda ↑

Damn... that sucks for Todd! What an absolute joke by the ASX. Todd was trying to do the right thing by shareholders, supporting the placements and acquisitions. It's not like he was granting himself free options. Everything fully disclosed as well. Absolutely poor form by the ASX.

4 million shares disposed (assumingly) on market explains the recent selling... so now we know why the share price has been destroyed. Todd must be fuming regards to the ASX rule, watching the share price move lower after all the hard work to build it higher.

Still another 4.49 million of the 8.49 million yet to be sold. Hopefully someone (a STL believer) with some deep pockets takes them as a block trade and off market.

A bit more share price weakness to come, unfortunately, it looks... Massive buying opportunity around these levels, when you know stock's being sold that doesn't want to be sold.

Expand

Absolute killer for Todd... Has been some volume going through lately so hopefully doesn't push the share price any lower.

STL Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
Upvote

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Making money: How many microcaps should be in an investor's portfolio?

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

First 4 Last

Add STL (ASX) to my watchlist