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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I can't seem to find a thread for charts on ST1, so I wonder if...
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Last
5.4¢ |
Change
0.002(3.85%) |
Mkt cap ! $73.79M |
Open | High | Low | Value | Volume |
5.2¢ | 5.4¢ | 5.2¢ | $16.60K | 315.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 39 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 1110273 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 39 | 0.053 |
3 | 350714 | 0.050 |
2 | 300000 | 0.048 |
1 | 10869 | 0.046 |
2 | 206503 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 10 | 1 |
0.054 | 1110273 | 2 |
0.055 | 219563 | 2 |
0.057 | 280 | 1 |
0.060 | 252074 | 4 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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