Because they're getting a bargain sexythang - nothing comes for nothing with these instos - $5.71 and they don't have to fight anyone for it - after 12 months they could swallow Santos - if investors let them. I think this was a desperate move to stop Santos getting brocken up and leaving Adelaide but at some point in the future I think it will happen - Hony can increase their stake after 12 months above 9% so they could be the thin end of the wedge.
Post-Trading Halt Price, page-20
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Last
$7.86 |
Change
-0.180(2.24%) |
Mkt cap ! $25.52B | |||
| Open | High | Low | Value | Volume |
| $7.93 | $7.94 | $7.86 | $50.92M | 6.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 13931 | $7.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 1000 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |