1H21 result: The result was a strong one this morning at the profit line around ~14% ahead of expectations as a result of lower corporate overheads – always nice to see the fat cats giving up a few perks although the main focus is always on the operational aspects, at they came in line with expectations. The H1 dividend of US5.5c was a surprise given their large development spend however nice to be paid while we hold the stock. STO shares were trading 1.2% lower today inline with the sector.
MM is bullish STO ~$6.10
Add To Hit List
