STL 0.00% $1.90 stargroup limited

Possible CR coming IMO. Very little cash and a very stretched...

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  1. 712 Posts.
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    Possible CR coming IMO. Very little cash and a very stretched balance sheet with lots of debt.

    Investor presentations are a red flag and I have been burnt so many times in the past with a CR following.

    They make out as if they are pitching to new investors who will buy on market but then it turns out 90% of the time they are giving an introduction to the business in anticipation of an upcoming CR at a nice discount.

    FA wise over the long-term, I really can't see how STL can perform. ATM use is in structural decline and this will only get worse IMO.
 
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