SBL 0.00% 0.1¢ signature metals limited

9.2c in a matter of weeks..., page-8

  1. 10,752 Posts.
    lightbulb Created with Sketch. 81
    chris_vasil,

    At the risk of being hit over the head with a baseball bat I'll offer you my unbiased assessment.

    Signature Brands was a Fruit Juice franchise recently removed from external administration and recapitalised with $1,478m of seed money (no doubt waiting for a quick return). Two new Directors recently appointed. Don't know exact details but I think Flavel has 1m either direct or indirect shares and Wood no direct interest but possible looking at performance options (refer asx announcements). It had $1.4m in the bank last month and a market cap of a whopping $13m and no business plan that I know of.

    The stock has run a little on the credentials of these two and the possibility of your typical 'U' focus announcements. Been a bit of chatter here on HC past few days talking it up, detractors getting belted ofcourse.

    Suspect the crew will try to run it on the basis of a resource focus. Think it will be high on the volatility index so be quick with your orders if you wish to play. I'd put it in a similar category to MKY and be very careful.

    Prediction........I'll be called a downramper.


 
watchlist Created with Sketch. Add SBL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.