You are already wrong as the share price slumped post offer ceasing. Gambling on it being higher in 12 months doesn’t make you right if it occurs - just as lotto is a bad bet, but the lottery winner doesn’t think so.
The share price factors in future cash flows and growing at the cost of capital. You are double-dipping on your future dividend comments.
And STO is hardly a unique risk/reward proposition.
Good luck with your hunches, I will stick to long term investing with a suite of opportunities
Ann: Santos rejects Harbour proposal and terminates discussions, page-212
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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
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |