STO 2.24% $7.86 santos limited

value, page-18

  1. 1,189 Posts.

    Yes - it's odd the way the share price gets knocked down quite fast if it jumps above 12.70..

    I keep asking myself why that would be and I come up with some ideas such as;

    One - someone is prepared to sell down any rallies to facilitate accumulation lower down

    Or two- the sp is being weighed down for a bid

    Or three- the sp is being weighed down by those in the know about a cap raising and they want that struck as low as possible

    Or four- Santos has triggered another mud volcano we don't know about yet- LOL.

    I put these in order of merit as I see it.

    Anyone else have any ideas? It is pretty unusual to find a stock languishing like this when local analyst's almost universally have a buy rec and price target over $15.
 
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