Does anyone have a view whether STO will have another share placement to fund its proposed 2010 capex?
When the last placment was announced the shares fell from over $17 to around $13.50. I think the current depressed price is partly because the market is anticpating a placment.
Being nervous about a placement I quit my 10,000 shares in STO this morning. But in my view, STO is a strong buy if there were to be no placement but the price will remain depressed until the issue is clarrified.
Please do your own research
will there be a share placement?
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Last
$7.62 |
Change
0.160(2.14%) |
Mkt cap ! $24.74B | |||
| Open | High | Low | Value | Volume |
| $7.50 | $7.62 | $7.48 | $139.7M | 18.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 264300 | $7.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 118462 | 13 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |