STS 0.00% 72.0¢ srg limited

thoughts

  1. 4,403 Posts.
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    Seemes to have topped out fo rnow around $3 which is OK as really raced to that point. Got over 2 million shares hitting the market due to convertible notes and options expiring 30/06/07. Given STS illiquid nature of shares traded may see a drop if a few of these punters want to sell. For that reason I predict STS will make a good ann really soon. They mentioned 3-4 acquisitions, and 2 of their biggest contracts on BRR but since seen nothing. Something is due to be announced I feel. If not maybe a lift in guidance is in order. Either way next couple of weeks should see some movement one way or the other. Hopefully dilution factor is short term if at all.
 
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