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$6.84 santos limited

Ann: Santos rejects Harbour proposal and terminates discussions, page-145

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Al99

1,190 Posts.

88

28/05/18

12:03

Post #: 33334597
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Originally posted by TerribleTadpole ↑

"large gain in the short term and opportunity to invest in something else"

You probably wouldn't have seen your takeover money much before Christmas so your money would have been basically locked up for six months anyway. Yes, you could have sold but you'd have lost the franking credits from the dividend component and those represented significant value.

Since Harbour's approach was rejected Santos has held its price well. It jumped more than 20% ($5.89 / $5.07) when the initial announcement was made. While due diligence was in progress Santos climbed another 9% ($6.44 / $5.89). Then after the offer was rejected we dropped back around 8.5% to $5.90.

We're up 20% in two months... and still you're not happy?!

At its current price Santos has returned over 100% for me this financial year, and has been the best performer in my portfolio in terms of absolute dollars. I'm happy to keep.

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I agree

Its all about perspective; Trading versus Investing.

I'm happy to hold this at these prices as I expect that we will see better outcomes in the 2nd half of 2018.

Cheers, AL

STO Price at posting: $5.78 Sentiment: Buy Disclosure: Held
4 Upvote

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(20min delay)
Last $6.84		Change -0.080(1.16%)		Mkt cap ! $23.02B

Open	High	Low	Value	Volume
$6.92	$6.94	$6.75	$97.69M	14.28M

Buyers (Bids)

No.	Vol.	Price($)
6	96681	$6.83

Sellers (Offers)

Price($)	Vol.	No.
$6.84	5679	1

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 - 16.10pm 27/09/2024 (20 minute delay)

STO (ASX) Chart

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