I've bought into STO today.
This new boss Gallagher is making all the right moves I think. Going back to core business by rationalizing things, selling non-core assets, debt reduction and the normal cost reductions (labour cuts and possibly dividend cut?) that a new boss can justify by sweeping the decks clean will all see a much improved bottom line for STO.
I'm no expert on commodity prices and rarely invest in such companies, but gee too me, STO looks worth more than what the market is saying it is.
Warrigals
Bought today
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Last
$7.62 |
Change
0.160(2.14%) |
Mkt cap ! $24.74B | |||
| Open | High | Low | Value | Volume |
| $7.50 | $7.62 | $7.48 | $139.7M | 18.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 264300 | $7.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 118462 | 13 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |