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'
sorry - bhp has been a UBS BUY since $40. That tells you what to...
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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
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |