Harbour - is a SPV set up to bid for STO .......
the announc tells you that ENN/Horny etal have "accepted" Harbour vehicle "paper" in exchange for the shares that the 3 china-inc companies control.
the reason you haven't seen a large x-ing in the stock - is that its a "pre-bid" acceptqance.......
this means:
1. Harb only needs to garner support from 30odd % of the remaining 85odd % of stock outstanding to gain control of STO,
2. the "pre-bid" is where the interesting bit may be ....ie "if bid gets inc'ed", then ENN/Horny et al -also get same inc in offer (ie cash inc, or inc in no of harb shares issued)...
3. the STO Board, at best, will see a modest inc in cash component (likely to be via special ff divvy.....imho), as this would be "santos" paying" to essentially be acquired ......
4. as Croas has indicated - the last stumbling block - is FIRB .......
game-set-match .....plus / minus abt 20c (on conditional offer, adj for FX) .........again imho.
rgds
Value_Hunter
- Forums
- ASX - By Stock
- Ann: Becoming a substantial holder - Harbour
Harbour - is a SPV set up to bid for STO ....... the announc...
-
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.02 |
Change
0.180(2.63%) |
Mkt cap ! $23.02B |
Open | High | Low | Value | Volume |
$6.94 | $7.03 | $6.91 | $42.96M | 6.156M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
55 | 58877 | $7.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.02 | 49067 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 129176 | 6.920 |
6 | 233123 | 6.910 |
9 | 295156 | 6.900 |
11 | 303505 | 6.890 |
4 | 129828 | 6.880 |
Price($) | Vol. | No. |
---|---|---|
6.940 | 107742 | 9 |
6.950 | 424616 | 27 |
6.960 | 247191 | 13 |
6.970 | 73167 | 4 |
6.980 | 17507 | 1 |
Last trade - 15.40pm 30/09/2024 (20 minute delay) ? |
Featured News
STO (ASX) Chart |