Hi Folks,
I shouldn’t focus too much on STO’s buyback, other than that it because STO are not capital constrained.
Practically no company prioritises capital return over new investment/projects that meet their investment criteria. STO will not be returning cash that they would otherwise be investing in Dorado. They simply are not ready to invest in Dorado, but I am sure that they will already have a plan to fund their share when they are ready.
As for the sp rise, I hope that we are finally on the road back to sanity.
EL
Hi Folks,I shouldn’t focus too much on STO’s buyback, other than...
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $200.6K | 1.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 145000 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 1260877 | 11 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |