STX 2.27% 21.5¢ strike energy limited

New Broker Reports, page-194

  1. 8,248 Posts.
    lightbulb Created with Sketch. 2835
    True, relaxed.
    But the problem from the start has been whenever brokers make assessment of revenue potential based on exploitation of only a small percentage of the potential resource, the numbers get too big and they potentially loose credibility. A lot of brokers see the upside is huge, but then decide on a projected share price 50-100% greater than current market cap then work back from there.
    Just look at how little valuation is given to SE and Waylering even in more rosey reports like Petra's.
    Sometimes you're better off just multiplying the potential reserves by some valuation of gas in place (e.g. based on peer analysis) then applying your own probability coefficient based your own risk profile. Especially because if you decide to sell at, say, 50 cents (or whatever brokers report you are following) you are potentially leaving quite a bit of money on the table.
    All I'm saying, I suppose, is you have to take brokers reports with a grain of salt with growth stocks like STX.

 
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Last
21.5¢
Change
-0.005(2.27%)
Mkt cap ! $615.0M
Open High Low Value Volume
21.5¢ 22.0¢ 21.3¢ $1.224M 5.655M

Buyers (Bids)

No. Vol. Price($)
3 129547 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 386581 7
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Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
21.5¢
  Change
-0.005 ( 2.18 %)
Open High Low Volume
21.5¢ 22.0¢ 21.5¢ 1074546
Last updated 15.59pm 24/05/2024 ?
STX (ASX) Chart
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