Today's movement in STO's share price is fishy!
The share price started low, then peaked at 4% above (at high volumes), the gradually traded lower towards the end of the end at low volumes. Remember ASX200/All Ordinaries were smashed the who day.
I honestly think that there is a Chinese Conspiracy!!!
ENN now has a ~11% stake in STO; and HONY has as 0% (but they will soon have a stake in ENN).
Since ENN is already a substantial share holder, the can potentially increase their holdings to 19.99 % without declaring a takeover.
HONY can potential buy back into STO slowly and build up a new stake quietly, until they are required to announce they are becoming a substantial shareholder, again.
Why the hell would investment firm go long (by buying shares through a recapitalization plan?) and then decided to sell after 3 months? Even a failed VCE economics student knows that 99% shares (regardless of their quality) drop after the recapitalization is completed!!!
All the makings of a hostile takeover to me!!!
They probably won't do colluding straight away, since it will be viewed as being illegit.
If you seen HONY or their subsidiaries become a substantial shareholder, again. Then this is a sure sign of their conspiracy.
However, by then it will probably be too late to make a massive return.
Remember just a few months ago, a consortium wanted to by STO outright!!!
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Last
$7.79 |
Change
-0.025(0.32%) |
Mkt cap ! $25.26B |
Open | High | Low | Value | Volume |
$7.79 | $7.79 | $7.74 | $2.985M | 384.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 9723 | $7.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.79 | 15928 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 12163 | 7.770 |
22 | 26741 | 7.760 |
19 | 106768 | 7.750 |
10 | 33234 | 7.740 |
7 | 30440 | 7.730 |
Price($) | Vol. | No. |
---|---|---|
7.780 | 11014 | 17 |
7.790 | 31832 | 22 |
7.800 | 39650 | 15 |
7.810 | 44637 | 12 |
7.820 | 85779 | 13 |
Last trade - 11.40am 19/08/2024 (20 minute delay) ? |
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