STX 0.00% 17.0¢ strike energy limited

Strike - undervalued despite company-making announcement, page-81

  1. 759 Posts.
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    I disagree.

    Through repeated capital raises we were languishing in the low to mid 20c. We are now (because of events) low 30 c perhaps headed to mid 30c. Our value is not the sum of parts it is corporate value that in the current regime needs to constantly capital raise. Hence a significant discount on value of the sum of parts. Also keep in mind potential that is significantly discounted, 3 Billion for Haber !!!

    Currently because of the script for script offer we are tied to WGO share price,

    My view on outcome:

    1) Gina will have a blocking stake perhaps in joint with STX,
    2) STX will pull the script for script offer,
    3) STX share price say Feb / March next year will settle back to 25c,
    4) Then STX will have a takeover bid from Gina

    Just my view. I sold some shares yesterday, happily at a good profit. I am likely to sell more this week based on the above as my view I will be able to buy them back significantly cheaper in a few months.

    Just me thoughts.

 
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16.5¢ 17.0¢ 16.0¢ $1.708M 10.27M

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11 929388 16.5¢
 

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Price($) Vol. No.
17.0¢ 1165570 9
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