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SBM

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2.08%

23.5¢ st barbara limited

$3.90 valuation by GS updated, page-417

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Jrowl1

2,853 Posts.

416

26/04/20

09:41

Post #: 44259010
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Originally posted by HCuser3: ↑

Just to illustrate a point on the longer term view of goldies, the below BGMI index shows how early we are in a fully fledged bull market for miners. Recent low at 400 obviously coincides with the equity sell off.

To Rick Rule's point about the bullion market moves first, followed by a 6 - 9 month delay from the miners (obviously some have been on a pretty good journey already, so once thing heat up a little, fire works!).

Once we are across the 600-650 double top, its off to the races. Vaneks's GDX index has already crossed those resistance levels.

Obviously there's potentially some conflicting short term signals playing out, so its important to get the mental game plan straight now. In particular because we are at ~550 and the 2011 top was 1600, a very large opportunity gap!

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Hi HCuser3, I too have sent my holdings to Rick's rankings last week still waiting for the reply but I understand you get that chart along with a review of your stocks. Yesterday ********.au released 6 best defensive shares and named SBM as one of them using Goldman valuation at $3.50

https://www.********.au/2020/04/24/top-broker-name-6-defensive-asx-shares-to-buy-during-the-coronavirus-pandemic/

Last edited by Jrowl1: 26/04/20

SBM Price at posting: $2.58 Sentiment: Buy Disclosure: Held
5 Upvote

1 Great analysis

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(20min delay)
Last 23.5¢		Change -0.005(2.08%)		Mkt cap ! $192.2M

Open	High	Low	Value	Volume
24.0¢	24.0¢	23.0¢	$611.5K	2.606M

Buyers (Bids)

No.	Vol.	Price($)
2	183526	23.5¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	828810	17

View Market Depth

No.	Vol.	Price($)
2	183526	0.235
18	837983	0.230
18	790305	0.225
14	495566	0.220
4	200697	0.215

Price($)	Vol.	No.
0.240	728810	16
0.245	555076	13
0.250	306980	13
0.255	384504	7
0.260	253943	7

Last trade - 16.10pm 15/07/2024 (20 minute delay)

SBM (ASX) Chart

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