I don't have a direct vested interest in this anymore. But I'm leaning towards it's more likely that a TO won't occur. Happy to be wrong though. Maybe they want another pump in the share price for another capital raising? Did that the first time.
Capital raising as a 'TO defence' and use proceeds for further debt repayment and Narrobi? They sure as #%^* don't have enough excess cash flow to fund it in their current position.
I personally dislike STO as an investment, but can see a high risk reward if you're into that. Leverage POO play.
Takeover bid coming from Linda cook?, page-128
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Last
$6.81 |
Change
0.020(0.29%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.84 | $6.84 | $6.77 | $19.94M | 2.933M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 46205 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.81 | 11580 | 13 |
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| Last trade - 13.20pm 06/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
