STO 1.49% $6.82 santos limited

At today's closure of 5.04$ atleast ENN are in profit, to what...

  1. Ya
    5,477 Posts.
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    At today's closure of 5.04$ atleast ENN are in profit, to what they paid Hony last year.

    Hony averaged AUD4.908/sh or AUD1007.2 million, which they flogged to ENN for USD 754.809 mil.

    So their parcel of 205.196 mil shares at $5.04 is worth 1032 mil or a Profit of apprx AUD 25 mil.

    Santos aim at bringing down their net debt from USD 2.858 bil (or A$3.81b) to under USD2bil by 2019 which should give their Board plenty of time to strategise.
 
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