ST1 0.00% 4.6¢ spirit technology solutions ltd

ST1 chart

  1. 248 Posts.
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    I can't seem to find a thread for charts on ST1, so I wonder if it's worth starting one.

    The first thing that stands out is that ST1 has almost doubled in value over the last quarter. At the beginning of the quarter - early April - news emerged of the acquisition approach from Uniti Wireless (UWL).

    That marked a kind of turning point in ST1's history. Since that rejection of UWL's approach, two new acquisitions have been made, and five new levels of support have been created:

    https://hotcopper.com.au/data/attachments/1618/1618639-2b6ee83252e0d57b7b224efd0f8b4006.jpg

    Last week's prices approached a 12-month high, and in good news for existing holders, monthly trading volumes are higher than the monthly volumes (at similar prices) last year:

    https://hotcopper.com.au/data/attachments/1618/1618677-9cc3e75522c592bc81e1e7cbb83eb5c8.jpg
    Arguably ST1 is a stronger and better known company than the previous time it flirted with $0.25 (back in 2018).

    Adding some moving averages to the weekly chart, the 30-day average (shown below in yellow) is now starting to rise above the 200-day moving average (shown in blue). This golden cross may be a good sign - if it can be sustained:

    https://hotcopper.com.au/data/attachments/1618/1618680-6460c4683ae4744f37f52db1875e061e.jpg

    That leads to the next question - can ST1 keep growing? Once the annual report is in, will it have delivered a good return on investment for the 2018-19 financial year?

    After all, it is up against the National Broadband Network. As reported by the Australian Financial Review, Philip Knox, the Chief Financial Officer of NBN Co, recently said:

    "We [NBN Co] remain very confident in our financial forecasts and strength of our business and ability to deliver a modest commercial return of 3.2 per cent to the Commonwealth government."
 
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Last
4.6¢
Change
0.000(0.00%)
Mkt cap ! $34.14M
Open High Low Value Volume
4.8¢ 4.8¢ 4.6¢ $14.21K 300.4K

Buyers (Bids)

No. Vol. Price($)
3 231111 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
4.9¢ 290496 3
View Market Depth
Last trade - 15.26pm 28/03/2024 (20 minute delay) ?
Last
4.6¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
4.8¢ 4.8¢ 4.6¢ 224358
Last updated 12.52pm 28/03/2024 ?
ST1 (ASX) Chart
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