It isn't as extreme as it might seem.
A 15% annual rate of return from the current $6.50 or so would see STO get to $10 in 3 years (assumes no dividends).
Corporate finance theory would say they should make around 10% pa (for an equity investor to break even on cost of capital).
Ann: Revised Harbour Energy proposal, page-53
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Last
$7.00 |
Change
0.155(2.27%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.01 | $6.91 | $26.38M | 3.787M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 74192 | $6.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.00 | 24597 | 32 |
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| Last trade - 12.00pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |