So to put this all to bed, have a read of the STP financials and note the $8m worth of PSUs issued in 2021. The only reason a company would do that is to avoid dilution of the common stock - a share Issue would be way easier (but dilutive). That the selling shareholder was not prepared to dilute his holding tells you where he thinks value is. Then note that 80% of the selling shareholder’s share are escrowed until 2023. That is pretty bullish behaviour by the person who knows more about the company’s prospects than any of us.
IPO - Step One Clothing Limited - 29 October 2021 #, page-26
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Last
$1.31 |
Change
0.010(0.77%) |
Mkt cap ! $240.0M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.32 | $1.26 | $199.2K | 153.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 6047 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 2925 | 4 |
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| Last trade - 11.52am 14/05/2024 (20 minute delay) ? |
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Last
$1.31 |
Change
0.010 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $1.27 | $1.32 | $1.27 | 10891 | ||
| Last updated 12.12pm 14/05/2024 ? | |||||
| STP (ASX) Chart |