sorry - bhp has been a UBS BUY since $40. That tells you what to think of broker recommendations.
never use analyst recommendations in a falling market. Their investment case is based on valuations that use long term average price assumptions and Net present Value calculations
a BUY recommendation isnt saying 'this stock is intrinsically good to buy right now' - it says 'this stock is undervalued relative to the peer group of other similar stocks I cover as an analyst'.
thats where Santos sits - its cheap relative to peer group because of crushing debt pressure. Oil price stays low it will crack, raise capital and share price will be smashed because of dilution - oil price surges soon enough though, and it will recover.
Its in exactly the same spot as Atlas Iron.
Like Atlas - board is sayign theyll sell infrastructure and that will be the turnaround catalyst. But until they succeed it is just a punt.
intrinsically STO isnt anything more than a 'speculative buy'
- Forums
- ASX - By Stock
- STO
- the counterintuitive trend tells me the market is in trouble
the counterintuitive trend tells me the market is in trouble, page-115
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STO (ASX) to my watchlist
|
|||||
Last
$7.66 |
Change
-0.010(0.13%) |
Mkt cap ! $24.87B |
Open | High | Low | Value | Volume |
$7.72 | $7.73 | $7.66 | $51.80M | 6.770M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 125654 | $7.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.67 | 1506 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45 | 7.660 |
1 | 1200 | 7.650 |
2 | 8200 | 7.620 |
1 | 3500 | 7.610 |
5 | 9238 | 7.600 |
Price($) | Vol. | No. |
---|---|---|
7.700 | 21780 | 4 |
7.720 | 49830 | 5 |
7.730 | 5000 | 2 |
7.740 | 18000 | 2 |
7.750 | 169747 | 19 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
STO (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online