STO 2.63% $7.02 santos limited

Latest afr article, page-7

  1. 213 Posts.
    lightbulb Created with Sketch. 18
    I'm concerned by this.

    Market price is still well below the mooted $6.50 price, so this reeks more of a Board and Management team that want to keep their independence rather than deliver for there shareholders.

    Deals are done on long term price assumptions not short-term gyrations.

    By asking for more when the market doesn't see value, we are exposed to Harbour using this as a counter-argument to offer less if the oil price was to fall.

    Poor tactics.

    Would have made a lot more sense if we were trading at $6.80 not $6.20
 
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