Alexis,
in my opinion - the assets within this company are "worth" 750 - 900 / share ........potentially more if the oil price rebounds ......
As DSD / Thomps have indicated - this situation is entirely due to management / Board NOT taking any risk abatement decisions ........
IF (and it is an "If" ) the S&P ratings agency downgrade the companies credit rating - THEN, there will be an equity issuance (to pay for the euro denominated bonds issued by Santos Finance Ltd)........the S&p have recently "downgraded" their oil price assumptions ....and gave Santos the "benefit" of the doubt regarding asset sales .........
so - there is "value" in the assets .........but there is also (imho - very) high risks associated ........and those risks are not within the control of the company ......this is why I don't own (even thou it meets my personal value criteria.....)
am sure most would be well aware of these risks ...
GLTA
rgds
Value_Hunter
Bring on the day!!!!, page-21
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.96 |
Change
0.010(0.13%) |
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 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |