TA opinions, page-123

I have no idea if SBB is a scam, maybe it is, maybe it isn't. No one on this forum will ever know - that's for sure. My posts simply reflect the uncertainties around this company, and of doing business in China in general.

All I do know is that the lower a stock goes, the less risk there is in buying it as you get more for your money. So I would rather pay 8, than 12. If it doesn't come down I will probably never buy it again, unless I get more confidence theres good upside value at 12 to warrant the risks.

There are these P/E ratios flying around to value this stock that I see on the threads - the Shanghai exchange trades on about an 8 P/E - not a 15 P/E like Australia. Just because it is on different exchange, being ours, doesn't mean it gets a local P/E valuation.

Who knows what it is really worth - no one I think at this point - unless you have gone and met the boss, visited the new head office, gone to see some of the stores, and checked the bank accounts etc....if you read previously I think I suggested it could possibly go into the 20/30s if it proves itself over time.