Hi all ,
Worrying times as realisation kicks in that SBM is continuing to endure extreme challenges unfortunately not helped by management persistence with same strategy (of developing unprofitable projects in weak markets) at expense of s/holder value.
I am only small fry but wonder what the major s/holders must be considering re. their investment in SBM. e.g. M&G investment 19.1% . What influence can they initiate to get SBM management to change to a more sustainable path of operation.
Looking at share price , judgement day is nigh.
market cap $80 million debt $335 million, page-18
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $175.8M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.5¢ | 21.0¢ | $697.2K | 3.215M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 1159530 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 67000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |