hi Fairclough
A balance sheet is not made up solely of shares. It has assets and LIABILITIES. A lot of the capital raising has gone to repay debt. Hence the Net assets of the company that you actually buy has not changed.
In fact, I would put it to you that the offer is substantially lower because of the massive write downs of assets these clowns undertook since then. Wrote them down so they make themselves look like heroes if things turn around.
Come on, what has this guy actually done? reduced debt? No we have done that. Reduced costs? I would put it to you that once the gas plants were completed costs would have come down naturally. Like all new CEO's massive write off to justify not paying dividends. And the good fortune of oil prices rebounding. I suppose you want to give him credit for that also?
Pear
hi Fairclough A balance sheet is not made up solely of shares....
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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 |
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| Last trade - 15.40pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |