STO 0.56% $7.23 santos limited

Long Term Future of Santos, page-141

  1. 94 Posts.
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    why would they need to do a capital raise? At 30 Jun last year they had an ending cash balance of 1.2bn. Gross gearing is 69% and Net Gearing is 51%. Current Ratio is 2 and Debt to Assets is 26%. Irrespective of the debt they have, they are a cash-flow machine even at all prices $20 less than current.
 
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