STO - BUY IMO, page-71

First 71 Last

Share
Profile

Follow
moremoneyplease

2,172 Posts.

119

27/04/17

09:59

Post #: 24291204
Share

Originally posted by moremoneyplease ↑

i dont try and pick tops and bottoms - but I say at this price and with oil under $50 and as a leverage play it sort of screams buy me but no one is buying - therfore has to be a fundamental issue why as there is certainly potential upside in oil? . All quiet from the china front as well

Now insto could be mucking round and hoping people swap out so they can accumulate but the mrkt is still unsure how they will resolve their problems - cost of debt will be rising from now on not falling.

If all you do is reduce debt at the expense of capital improvement you are going to get issues down the track - they need a debt solution.

The question you have is do I hold and wait for the cure to come or do i buy something else get a rtn and jump back in because for some reasn need STO in the portfolio and i cant bear to tell the mates down the pub that the day I sold out was the day the rise begun?

in a case like this, if you must have, then my advise is to average in esp. if you believe it has 30% upside. Just weigh up the opportunity costs.

To your question i dont know where it would go but I would have a small bet if it got arnd 3.40. - if stocks in general rally from here that may never come - but i am sure management will stuff up again. Gallagher had a team around him at the old place - whose he got here?

Expand

Now we just found out what that fundamental issue is - Turnbulls announcement- lets see how that impacts price today and you should have an answer.

Now that cat is out of the bag - one needs to quantify the impact on the overall business (ie how will impact bottom line and thus debt) and presto should we buy sell or hold

STO Price at posting: $3.64 Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 63 more messages in this thread...

First 71 Last

Add STO (ASX) to my watchlist

(20min delay)
Last $7.02		Change -0.005(0.07%)		Mkt cap ! $23.02B

Open	High	Low	Value	Volume
$7.00	$7.08	$6.98	$19.96M	2.840M

Buyers (Bids)

No.	Vol.	Price($)
18	27338	$7.01

Sellers (Offers)

Price($)	Vol.	No.
$7.02	49035	26

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 - 12.00pm 01/10/2024 (20 minute delay)

STO (ASX) Chart