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:
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:
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:
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($) | Vol. | No. |
---|---|---|
4.9¢ | 290496 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 231111 | 0.045 |
1 | 100000 | 0.044 |
1 | 34800 | 0.042 |
1 | 13300 | 0.038 |
1 | 7500 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 290496 | 3 |
0.050 | 58000 | 2 |
0.051 | 196078 | 1 |
0.052 | 200000 | 1 |
0.055 | 256438 | 2 |
Last trade - 15.26pm 28/03/2024 (20 minute delay) ? |
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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 ? |
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ST1 (ASX) Chart |
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