Koreans weigh into Stargroup above market

The largest independent ATM manufacturer in Korea, NEOICP has bought several lines of stock in Perth and Sydney based ATM machine operator Stargroup at above market prices.

NeoICP have upped their shareholding in Stargroup from 7.54% to 12.25% by spending over $730 000 in a series of off market transactions at 6c per share.

Stargroup shares traded between 3.5c and 4c per share over the last 3 days.

NeoICP, who now hold over 30m shares in Stargroup, are also the principal supplier of ATM machines to the company having recently inked a 5 year distribution agreement with them for the Australian market.

NeoICP Chief Executive Officer, Mr Kang said “We have paid a little more than the market price for these shares but we see that difference as being immaterial when compared to the potential of the company after its growth strategy is fully executed.“

Add your comment

Stargroup (STL)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/18

1 year TSR5 year TSR
400thPura Vida Energy2%-41%
572ndResource Development Group-23%-32%
649thThe Agency Group Australia-36%-13%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$12k Bought
$0 Other
$35k Bought
Total value as at the date of the transaction
Source: Morningstar


86th↑The Agency Group Australia$9.6m
88th↑Pura Vida Energy$9.4m
89th↓Resource Development Group$9.3m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Stargroup

1487thJay Kim$29k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer