Id imagine they cant buy on Market because of trading rules per ASIC not to mention the FIRB if they bought out over 50%.
The reason it is heavily discounted from the $6.60 offer is because it has yet to be approved.
The reason its not above that offer is because people are giving projections of Santos' future value.
Unfortunately the market will only have a small allowance for projections, most investors invest on a current value basis.
As the offer is likely to fall through IMO it is now a sell and rebuy after the oversell. S/P wont hold steady with an overvalued stock based on current data. This is not to say that its future isn't bright.
Id imagine they cant buy on Market because of trading rules per...
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Last
$7.01 |
Change
0.165(2.41%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.03 | $6.91 | $33.39M | 4.790M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 27906 | $7.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.01 | 39112 | 54 |
View Market Depth
| Last trade - 13.59pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |