Harbour had enough time to get out - the fact that they are pursuing it with revised offer tells me there is more in the tank yet...
no point in blinking now... STO should hold on for sure - if the energy market run continues, it will trigger some other buyer to tip in a bid too... if Harbour walks away, this may fall but only just temporarily... the rising tide will bring us back to these levels sooner rather than later...
selling away an asset like these should happen at a BIG premium to current valuations only and not at FAIR VALUE - it takes decades to create a company like STO - that should be factored in a bid acceptance.... the buyer is getting an asset of STO's class without putting in the required effort, so they have to make it up in $$$ terms...
knock back this offer too STO... not good enough imo... holders who feel this is the max can easily walk out now - the sp is more than double of what it was 10 months ago... "greedy" people like me can stay on & HOPE for the miracle
Ann: Revised Harbour Energy proposal, page-25
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Last
$6.74 |
Change
0.020(0.30%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.74 | $6.71 | $2.017M | 299.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 35102 | $6.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.74 | 15278 | 9 |
View Market Depth
| Last trade - 10.20am 18/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
