STO 0.45% $6.72 santos limited

It would be better if they hadn't trashed the balance sheet and...

  1. 2,211 Posts.
    lightbulb Created with Sketch. 48
    It would be better if they hadn't trashed the balance sheet and so didn't need us shareholders to repair it. As you say directors came begging and we covered their mistakes, unlike FMG I guess.

    There's now a lot more equity in the business which reduces prospective returns and makes it safer at the same time.

    Metrics like gearing and propriertorship ratios tell the tale of a strong balance sheet, which we have had since the shares were at $3. I would say repaired but as you say that repair came at a price.

    Nothing has changed since then; if that hurts the feelings of a delicate wallflower maybe they should think before contradicting.
 
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