This link about Cooper energy, from a few months ago was posted today and the following line from the article might go a long way in explaining the current share price....
https://insufficientcapital.com/2019/05/31/insufficient-capital-may-update/
"Few investors are willing to invest on three-five-year time frames for future earnings potential."
It's towards the end of the coe article...
If that is representative of the current fund management industry thinking, then no wonder we are at such a low price, and no wonder the country is going to wrack and ruin. If no-one is planning to invest for the medium term, then it explains why so much gets sold off to foreign countries so cheaply. 'We' as in our investment industry have a tendency to give away great resources to overseas companies, for short term gains.
It makes me think that a lot of the selling since October might have been funds cashing out, not prepared to wait the couple of years necessary to bring WE into production and couldn't care about JAWS.
- Forums
- ASX - By Stock
- STX
- The SP is on the turn
The SP is on the turn, page-61
Featured News
Add STX (ASX) to my watchlist
(20min delay)
|
|||||
Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $659.0M |
Open | High | Low | Value | Volume |
22.5¢ | 23.5¢ | 22.5¢ | $1.742M | 7.573M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1201102 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 124339 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1201102 | 0.225 |
14 | 2181937 | 0.220 |
15 | 1141685 | 0.215 |
26 | 1209016 | 0.210 |
22 | 1023878 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 124339 | 7 |
0.235 | 2557666 | 29 |
0.240 | 3266055 | 26 |
0.245 | 2406228 | 21 |
0.250 | 3413164 | 30 |
Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |
The Watchlist
3DA
AMAERO INTERNATIONAL LTD
Hank Holland, Executive Chairman and CEO
Hank Holland
Executive Chairman and CEO
Previous Video
Next Video
SPONSORED BY The Market Online