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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.“

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Stargroup (STL)

Share Price

Closing price for the last 90 trading days
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Top 10 Shareholders

Substantial shareholders as published in the annual report.
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Total Shareholder Return as at 31/12/19

1 year TSR5 year TSR
368thStargroup1%-4%
668 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Share Transactions

09/08/17
$12k Bought
27/06/17
$0 Other
27/06/17
$35k Bought
Total value as at the date of the transaction
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Revenue

th-Stargroup$81k
197 listed industrial companies ranked by revenue.
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