The 6.50 offer (now becomes 6.60 because of fx) is apparently not acceptable by the board and also by the majority of shareholders. The question is by how much HE need to add. The address by the chairman and the CEO was all about sale and bargaining. The chairman mentioned the 400m tax credit (appr. 20c per share); the CEO talked about 250m-300m net profits after the rise in POO, which may worth another $1.50 per share if applying a PE of 12. So, the two may expect an improved offer about 8.00.
Not quite understand the market amt. There is going to have a firm offer at or above 6.60 in two week, why is STO still trading around 6.20?
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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) ? |
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STO (ASX) Chart |