re: Ann: Santos sells interest in Evans Shoal... Credit Suisse 29/03/2010 5 Downgrade to Underperform from Neutral $15.40 4.3%
The price achieved by Santos for its stake in the Evans Shoal gas field was a lot less than the broker had aniticipated, leading to a reduction in valuation.
The broker notes, nevertheless that Santos' success depends on its LNG development, but the share price has risen by 12.8% in March leading the broker to downgrade to Underperform against its new valuation.
Target remains unchanged however.
Target price is $15.40 Current Price is $14.76 Difference: $0.64
If STO meets the Credit Suisse target it will return approximately 4% (excluding dividends, fees and charges).
Ann: Santos sells interest in Evans Shoal for up , page-8
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$7.96 |
Change
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Mkt cap ! $25.85B | |||
| Open | High | Low | Value | Volume |
| $8.00 | $8.00 | $7.92 | $56.82M | 7.131M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 46134 | $7.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.97 | 55286 | 2 |
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