Melbourne AGM Meeting, page-56

I 100% agree that the balance sheet looks lazy, but try to convince people from China of that notion - not gonna happen, they like a security blanket. But hey look at it from a positive, not many companies in Oz would list with that much cash in the kitty, usually they come on market without a dollar and then raid investors pockets and go nowhere whilst earning salaries all the while and some even cashing out.


You could do a lot worse than SBB right now. The share price will 'normalise' over the next 12 months as people adjust to their business style and get more comfortable with the idea the compan is around to stay. Provides a lot of value and leverage to investors right now, with no fear of capital raisinhs unlike 90% of the stock discussed on HC these days.