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kennylca

520 Posts.

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20/11/17

19:39

Post #: 28962083
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Originally posted by oxxa23 ↑

@rattle and @Rajenp5 i'll be the first to say i've been vocal and bullish on STL over the last year... what a clown this has made me look.....

and i understand what you're saying above... but, he owned so much of the company, which was 15% down to 8% after his january sale.... i can't fathom that this would have been from the company, he stood to lose far more wealth from the decline of his investments than the benefits from sponsoring his cars etc... but, clearly now, what the hell do i know anyway...

but, something must has gone wrong.... and i didn't think a chartered accountant whose been in the industry for 25 years odd could (what appears) to have gotten it so wrong... has the ATM fees been a massive impact from what was first thought? has the Goldfields money takeover forced their hand at cutting off finance? or neo?

really a bit blown away to be honest.

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Agreed, it's unbelievable. All that acquisition of Indue was supposed to make Stargroup better, not a smack in the face. Still wondering why because there should be alternatives, CR, debt restructuring... etc. Bitcoin Atm would make them a fortune easily. I believed the JV on crypto currency would have boost STL like DCC. Bugger...

STL Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
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