Talking OSH up as well and they IMO were helping short it etc, 30% on STO now unhedged oil and gas is not a massive call IMO considering just one of several projects they have onfoot coming good easily adds that value..
Maccas not really welcome in PNG either IMO. With OSH they leverage the governments position ( at their request) in OSH and with falling oil price PNG lost all their stock in OSH pretty much and maccas took loads of fees and ............. Bottom line IMO PNG govt took $ up frond and were expecting divs to pay interest but divs never came and they pissed the $ down PNG drain. ........ PNG govt then went about extinguising leases as a threat to be given a discounted new equity position . Not sure PNG would see it as water under bridge but you never know with PNG politics.
I wonder what teh other divisions of Maccas are thinking ? They can be advising different clients in different catagorys at different levels - luck they ahve Chinese walls !!!
STO Well positioned, page-57
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Last
$7.51 |
Change
-0.160(2.09%) |
Mkt cap ! $24.39B | |||
| Open | High | Low | Value | Volume |
| $7.61 | $7.63 | $7.51 | $41.29M | 5.471M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 87359 | $7.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.52 | 47894 | 6 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$7.52 |
Change
-0.160 ( 2.15 %) |
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| Open | High | Low | Volume | ||
| $7.61 | $7.63 | $7.51 | 849704 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| STO (ASX) Chart |