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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Today's movement in STO's share price is fishy! The share price...
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Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $22.21B |
Open | High | Low | Value | Volume |
$6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5564 | $6.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.84 | 5679 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4100 | 6.830 |
9 | 36008 | 6.820 |
6 | 16560 | 6.810 |
21 | 142051 | 6.800 |
8 | 15745 | 6.790 |
Price($) | Vol. | No. |
---|---|---|
6.850 | 100 | 1 |
6.860 | 6455 | 2 |
6.880 | 2180 | 2 |
6.910 | 100 | 1 |
6.920 | 3193 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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