MM allocated 3% of our Flagship Growth Portfolio into STO at $6.54 with the intention of increasing the position ~$6.20. Previously we’ve held off from further purchases due to the overall look & feel of the market but following the recent panic across the sector we believe an excellent entry into STO is on offer i.e. MM is looking to follow our initial plan and add an additional 2% to our STO holding. NB STO trades ex-dividend today for 7.5c fully franked.
MM likes STO below $6.00
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