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$7.02 santos limited

Ann: Santos rejects Harbour proposal and terminates discussions, page-91

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Swage_17

421 Posts.

92

24/05/18

08:52

Post #: 33283393
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Originally posted by croasian ↑

Didn't pick the bottom but loaded up the truck on the way down that's for sure.

Resource stocks are brutal, maybe I have learned enough to earn the title investor. Thanks for the compliment anyway.

Different strokes for different folks, every dog has its day. I am out though as of yesterday, found some new opportunities.
Average in 41,000 $3.5 average out $6.1 reserve right to change my positions at any time.

It's hard to sell as it has a little left in it but as you say, don't get fixated on anything - if there are new opportunities take them.

There's no certainty of where the oil price and STO shareprice will go next but over the long term it will go higher and the company is worth more.

By my standards though, holding a company at $6 that's maybe worth $9 is not that appealing. My portfolio is entirely composed of bargain issues, that is stocks selling at 50% of their intrinsic value or less.
Less is better but there's not a lot of value in the market.

It's time to find some frauds and go short with a vengance while the financial world teeters on the brink of its self-inflicted abyss.

GLTA

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@croasian do you mind sharing the stocks that you think are currently 50% below their intrinsic value? I would like to research them.

STO Price at posting: $5.90 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $7.02		Change 0.180(2.63%)		Mkt cap ! $23.02B

Open	High	Low	Value	Volume
$6.94	$7.03	$6.91	$81.59M	11.66M

Buyers (Bids)

No.	Vol.	Price($)
3	125302	$7.01

Sellers (Offers)

Price($)	Vol.	No.
$7.02	766	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 30/09/2024 (20 minute delay)

STO (ASX) Chart