Reading the financial statements to December 2014, they made $0.9 billion loss in 2014, BUT that included a $2.4 billion impairment charge. While I have respect for the accounting standards and asset values are important when talking about reserves etc, I always view asset revaluations (either up or down) with caution - they are non-cash items that can skew results during these volatile price movements.
If STO didn't have to take the impairment charge in 2014, they would have made $1.4 billion in profit. I expect there is another impairment charge coming which will affect the bottom line, but the real question is - is the change in oil prices enough to wipe out all their underlying profit after you take out the notional adjustments in the underlying asset values? It is a fairly big margin to take out to make them unviable, even with the drop if oil prices, and I don't know the answer to that question. Will find out on 19 Feb when their results are released!
- Forums
- ASX - By Stock
- Can STO survive
Reading the financial statements to December 2014, they made...
-
- There are more pages in this discussion • 868 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STO (ASX) to my watchlist
|
|||||
Last
$7.86 |
Change
-0.180(2.24%) |
Mkt cap ! $25.52B |
Open | High | Low | Value | Volume |
$7.93 | $7.94 | $7.86 | $50.92M | 6.465M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 13931 | $7.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.89 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 16965 | 7.850 |
1 | 5000 | 7.840 |
3 | 1904 | 7.830 |
4 | 8730 | 7.810 |
3 | 10510 | 7.800 |
Price($) | Vol. | No. |
---|---|---|
7.920 | 1000 | 1 |
7.930 | 2500 | 1 |
7.960 | 439 | 1 |
7.990 | 3010 | 1 |
8.000 | 16474 | 5 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
STO (ASX) Chart |