The proposal is a scheme of arrangement
That may have just been the nice gentle approach to get STO to provide access
The next may be a higher conditional bid to soak up the 70% they don't have
The final result would be ENN and Hony having 30% together and Harbour 70%
With oil prices recovering the Santos is worth more than USD$4.98
At current ex that is A$6.61
So market is trading below the "offer" price
Main reason I think is the uncertainty about the FIRB and SA State Govt attitude to losing
an icon company
Latest afr article, page-8
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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
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |