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

OSH

Click for more information

0.00%

$4.04 oil search limited

you won't have long to wait for the next evergrande debacle...

First 41 Last

Share
Profile

Follow
yttocs

555 Posts.

65

22/09/21

20:46

Post #: 56276786
Share

Originally posted by DefinedBenefit0: ↑

And out today near enough to the days high.

My reading of OSH at the moment is that the merger has put both a floor and a ceiling below and above the SP.

The merger was first announced at 3.68 when the SP was under pressure and sparked a rally. Several times since the SP has reached a level that, in my opinion, the punters are thinking that the merger premium is zero and there is little incentive to buy. At one stage punters were paying well over 4.00 because of a misreading of the merger offer.

So, at 3.86 today the SP was in my zone of indifference again and I was happy to sell with the expectation that I could get back in again later after the next Evergrande panic- or whatever. Yes, I could keep for the synergies but I have never been a great fan of Santos. I am a fan of OSH assets but not of their management- who would be?

IMHO DYOR

Expand

you won't have long to wait for the next evergrande debacle they've got another 84 million due in the next 7 days.

OSH Price at posting: $3.85 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 1 more message in this thread...

First 41 Last

Add OSH (ASX) to my watchlist