STO 2.24% $7.86 santos limited

What happened at close?

  1. 449 Posts.
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    Like all sto holders, we are searching for good news.
    Perhaps I am reading too much into nothing, but trading 3.93/3.94 at just before 4' then the usual smart Alec with a 3.92 sale. In the after 4 close, final price 4.01
    This is a bit more than normal for this period and I am wondering if some savvy traders got wind of good news on entitlement take up.
    I am sure sto would be watching the bank balance as the returns come in & may have leaked news.
    It was said that sto should trade in $6 direction after the re finance, so that being, the rights issue if taken up by most shareholders, should be the catalyst for a good kick.
    That's my tuppence worth, anyone else have thoughts?
 
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