Parleycross,
When you wrote:
"ORG is flying today but STO has barely moved."
1. The share price was $4.06 representing an increase of 1.2% - not bad for a co'y in midst of finalising a massive cap raise!
2. I am sure you realised we were already discussing the point you made and just provided some explanations to superpanda's question:
" I am still not getting why origin shares price has increased a lot more than santos. Santos has glng up and running. "
Some responses included:
"STO is still in the middle of concluding a significant cap raise....... (yes...imho) ....
The retail short fall book-build will be concluded on Thurs (from memory) so we will see whether that is indeed the case in a short few days time." and,
"STO still being shorted by subunderwriters & bookbuilding participants on the expected retail shortfall. A real anomaly in the Oz market."
You seem fairly educated in financial markets. With that in mind, I am not sure why you seem so surprised that a company in the middle (or nearing end) of a major cap raise isn't performing as well as a peer who is not?
I note your sentiment states: sell, and disclosure: not held; but can I confirm whether you are "short" the stock?
8's
Parleycross, When you wrote: "ORG is flying today but STO has...
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Last
$7.89 |
Change
-0.030(0.38%) |
Mkt cap ! $25.62B | |||
| Open | High | Low | Value | Volume |
| $7.87 | $7.94 | $7.86 | $44.13M | 5.590M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25085 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 39733 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |