David Knox has been made the scapegoat for STO's demise and a new CEO has been appointed. Can't argue against that but at least Knox delivered GLNG on time and within budget.
If you haven't already seen this video check it out http://www.abc.net.au/news/2015-11-12/extended-interview-with-santos'-chief-financial/6936846
Clearly CFO Seaton has been derelict in his duties of managing the capital structure options and financial risks over a long period, not just since the Scepter approach. Yet he remains oblivious to the decimation caused or the pain suffered by loyal shareholders. Since the trading halt was called retail shareholders have been trapped like lambs to the slaughter. Clearly by his demeanour he couldn't give a continental.
If STO is to regain credibility quickly one of the first steps needed is to sack Seaton ASAP and find someone up to the now massive task of steering it out of this financial disaster. If, like myself, you feel strongly enough then contact STO directly and let them know that Seaton must go.
David Knox has been made the scapegoat for STO's demise and a...
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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 |